Introducing Ralie Network! A New Use for Crypto and Blockchain.
Addressing a Global Setback.
The world as we know it is rapidly evolving as technology continues to interconnect the world and provide an open-source for opportunity and information. However, even in this digitized age, many people across the globe lack access to quality education and career opportunities. The lack of access is not because we as a global community lack quality education or there is a shortage in job availability. Rather, it is because of a lack of information and access. There are many Massive Online Open Course (MOOC) and freelancer listing platforms on the internet. However, with high services fees and limited jurisdiction, they fail to meet in entirety the needs of educational content creators, students, employers, and young professionals.
A Solution using Blockchain — Ralie Network.
Out of a drive to overcome this global challenge, Ralie Network was created. Ralie Network is a novel decentralized platform for accessing and purchasing on-demand content and services using crypto-assets. With the primary goal of democratizing access to education and careers, Ralie Network serves as a permissionless and censorship-resistant MOOC and freelancer platform, rules by a DAO and running on the Ethereum Network. Ralie Network consists of two main flagship platforms:
*Ralie Learn: The Ralie Learn platform is a MOOC provider where users can buy video classes on-demand directly from educators and content creators. Teachers and content creators will be provided with incentivized rewards for posting good content on the platform.
*Ralie Work: The Ralie Work platform is a freelancer platform where users can hire and attract talents using crypto-assets. Employers and freelancers that successfully hire and get hired through the platform will be rewarded.
The RIE Token.
The RIE token is an ERC20 utility token of the Ralie Network protocol which can be used to pay for content and services on the Ralie Learn and Ralie Work platforms. Upon network launch, 2.5 billion RIE tokens will be minted and distributed as per the graph:
The RIE smart contract is hard-locked, ensuring that no more than 2.5 billion RIE tokens can ever exist. Initially, 1 billion of the 2.5 billion tokens will be locked in PermaVault. Over a span of 10 years, locked tokens will gradually be released on a monthly basis to support the network.
Proof of Stake (PoS) Consensus.
Ralie Network is better designed to run on a proof of stake (PoS) consensus method due to the high volume of transactions expected to be settled within the platform, thus we are continually studying ways to avoid our userbase getting stuck with extremely high gas fees on the Ethereum Network, we plan to develop cross-chain mechanisms to allow users to spend their assets in the platform through Solana or BSC, but we are very optimistic about Ethereum V2. RIE token holders will have the option to stake their RIE tokens in the near future to participate in the network’s governance protocol and vote on decisions pertaining to the future of the network.
Save these Dates!
- The Ralie Network protocol will officially launch on the Ethereum mainnet on February 23rd.
- The first RIE token airdrop will be happening on March 17th and is limited to the first 25k participants. Please register for the airdrop on the Ralie Network website — ralie.io
*A small network fee will be charged whenever a transaction is made through the Ralie Network platforms.
