The highly-anticipated launch of Polkadot’s (DOT) mainnet has seen many smaller crypto assets associated with the project explode recently.
Both tokens of the distributed ledger technology (DLT)-powered robotics and Internet-of-Things (IoT) project Robonomics have been among those to surge alongside Polkadot, with the price of its utility token XRT increasing 10 times earlier this month.
However, Robonomics’ “lifetime subscription token,” Robonomics Web Services (RWS), has also posted massive gains — becoming the first crypto token to trade for more than $100,000 when it tagged $116,000 in recent weeks.
RWS’s extreme price owes to the token’s minute supply, with only 50 coins currently circulating from a maximum supply of just 100 tokens. While the first 50 tokens were distributed via the XRT/RWS pairing on Uniswap, the remaining coins have been “reserved for academia and non-profit organizations.”
Robonomics leverages blockchain technology to build open-source packages supporting robotics and smart cities. The RWS token comprises a “subscription model experiment” for the Robonomics network, with RWS guaranteeing lifetime transactional throughput to the holder. Read More