RLY Rewards offer developers the opportunity to earn tokens as their token economy grows—spurring further app growth in the process, learn more in the Developer Resources Section on RLY Rewards.
Web2’s shortcomings are increasingly coming into focus, from ad-based business models to data misuse to one-sided financial rewards—and friction between app developers and their communities is rife. Community members and developers alike feel exploited and disillusioned. These issues are signs of a larger problem: Web2 apps have failed both developers and their communities due to incentive misalignment.
A study from Deloitte found that crypto-based rewards can help increase loyalty, Web3 tools like RLY Protocol offer an antidote—with the permissionless, open source, no-fee, multi-chain RLY Protocol, developers can easily launch social applications with tokenized economies. RLY Protocol takes the guesswork out of incentive alignment, making it easy for developers to distribute ownership to their community and to aspire to shared outcomes. Crucially, RLY Protocol also provides both developers and community members with an opportunity to earn financial rewards in the form of RLY Rewards.
RLY Network is a growing ecosystem of consumer applications which leverage token economies, all powered by RLY Protocol. The Network boasts a flourishing community that comprises developers, influential creators, and entrepreneurs of all stripes, pursuing projects that span a spectrum of sectors.
Among these are: Rally.io and Unite.io, creator economy apps for the US and Asia, respectively; Taki, a tokenized social network for Asia; Hotline, a tokenized creator communications platform; Joyride, a tokenized platform for game creators; and Gambit, a tokenized fantasy sports platform, along with many other projects that will soon come to market.
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**Developers from any project can instantly access the permissionless, open source, no-fee, multi-chain RLY Protocol to build their own app, on Rly.Network. The Protocol takes the guess-work out of building tokenized economies, providing developers with a seamless experience and benefits from powerful network effects fostered by RLY Network. Below, we explore its core features.
Align Incentives With Your Community Developers can ensure that they’re in-step with their community by leveraging RLY Protocol’s Incentive Alignment features. Our native ERC-20 token, RLY token, has a fixed supply of 15 billion tokens which will be released over the course of 8 years. Approximately 50% of the RLY supply has been allocated to automated rewards for RLY Network contributors, meaning developers can easily secure financial value from their work. Grants from RLY Network Association and RLY Ecosystem DAO, a fund dedicated to supporting RLY Network, are also available.
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Photos credits: Simon Lee
In recent years, friction between developers of traditional Web2 applications and their communities has steadily become palpable. Users lament ad-based business models which interrupt their experience, the misuse of their data, one-sided financial rewards, and the inability to participate in governance. These issues are symptoms of a larger problem—incentive misalignment between developers and their communities.
Implementing token economies can help developers get back in step with their communities—and the permissionless, open-source, no-fee, multi-chain RLY Protocol makes it easy. Token economies are systems that use crypto assets to align incentives between application developers and their community members. They embrace decentralization to create trust and efficiency; provide ownership of tokens to both developers and members; and reward those who contribute value. The net result is a more sustainable business model.
A wide range of sectors stand to benefit from RLY Protocol-enabled token economies, including social apps, SoFi, gaming, media and entertainment, brand loyalty programs, NFT communities, metaverse apps, and many more. In the current market, RLY Protocol has already been applied in the context of the creator economy, social networks, fantasy sports, messaging platforms, loyalty programs, and games.
We describe several case examples from different sectors below:
tldr: RLY Network has relaunched a new website, we help developers easily launch token economies using RLY Protocol, this is the start of our journey together
Today, we’re delighted to introduce the redesigned RLY Network website, a hub of information and resources for developers seeking to seamlessly build token economies at scale and unlock economic benefits.
The website houses documentation, news, and a wealth of information about the RLY Network—a flourishing ecosystem of apps and dapps that use the RLY Protocol or the RLY Token to power their tokenized economies. The Network is a thriving community composed of developers, influencers, and entrepreneurs with a diversity of pursuits—from creator economy apps, social networks, gaming apps, established brands, and to NFT projects.
You’ll find the simple brand identity is rather unique in the web3 market. The colors, subdued and calm, are unique compared to the lit cyber-neon style that has prevailed in many web3 projects. Our scalable token economies are reflected in the ever-changing and ever-expanding dimensional droplets. Our language aims to be simple, accessible and welcoming to the developer community.