$RDAT Tokenomics

The $RDAT token is the governance token for the community-owned data treasury.

r/datadao is a first-of-its-kind project, where the $RDAT token is rewarded to data contributors and used to govern the community-owned Reddit dataset. We are rolling out the project in phases. Each phase will iterate on the previous phase to best incentivize adding high quality data to the system.

Total Supply

Similar to ethereum, there is no fixed supply of $RDAT. New $RDAT is issued as new users contribute their Reddit data to the community-owned data treasury. $RDAT is mintable, but this minting can be turned off through a one way switch, as you can see in the contract here.

To protect against dilution for early $RDAT holders, we have introduced $RDAT staking in Phase 2.

Phased Roll Out

Because r/datadao is a first-of-its-kind project, we are rolling it out in phases to ensure that the incentives encourage a high quality, community-owned data treasury.

Phase 1

In the first phase, 20M $RDAT were distributed to users based on their karma. Over 141,000 Reddit users want to be involved in this groundbreaking project. So far, 21,000 people from $RDAT community have uploaded their data. Our target for the batch was 100,000 verified users and 20,000 uploads. We are proud of the community for exceeding these expectations.

Phase 2

Phase 2 introduces staking to address the community's concern about token dilution. Initially, it was thought that users would accept dilution as the data treasury grows, making the dataset more valuable. However, the community expressed interest in more active participation to prevent dilution.

$RDAT staking solves the problem of token dilution for Phase 1 holders by unlocking referral rewards and protecting early holders from dilution as the supply increases with new phases.