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Each Robonomics token is sold at Uniswap for $ 95,000

August 28, 2020

The long-awaited start of the mainnet of Speckle (POINT) recently blew up many smaller crypto assets associated with the project.

Both tokens of the Robotics and Internet of Things (IoT) project, which are based on Distributed Ledger Technology (DLT), Robonomy, were among those who showed up with Polkadot, Earlier this month, the price of the XRT utility token rose tenfold.

Robonomics’ “lifetime subscription token”, Robonomics Web Services (RWS)has also posted massive profits – This was the first token to trade for over $ 100,000, when it was trading at $ 116,000 in the past few weeks.

Each Robonomics token is sold at Uniswap for $ 95,000Each Robonomics token is sold at Uniswap for $ 95,000

The extreme price of RWS is on that Supply bottleneck, only with There are currently 50 coins in circulation from a maximum of 100 tokens. While the top 50 were distributed on Uniswap via XRT / RWS pairing, The remaining coins are “reserved for universities and non-profit organizations”.

Robonomics uses blockchain technology to create open source packages that support robotics and smart cities. The RWS token includes a “subscription model experiment” for the Robonomics network, with RWS guaranteeing the holder a lifetime transaction performance.

Each token guarantees one transaction per second between Robonomics Parachain and the token holder’s IoT deviceor 2.5 million transactions per month. The execution of transactions is guaranteed even for broken RWS holders – 0.1 RWS holders are those who have access to a transaction every 10 seconds, while 0.001 RWS owners can execute a transaction every 100 seconds, and so on.

Indeed, RWS trading is exclusive to UniswapA volume of around 350,000 US dollars is generated every 24 hours. The token has a market capitalization of just $ 4.65 millionPlace it outside of the top 500 crypto assets by capitalization.

Robonomics describes the token as a “special offer for pioneers”Noting that future token models will offer “other types of RWS tokens with monthly and other restrictions”.

RWS is currently in Alpha. The beta version is planned for the fourth quarter of 2020. Despite the 900% spikes earlier this month, Robonomics tokens are down 20-25% from their all-time highs.

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