You guys have helped Raptors Republic become one of the most vibrant Raptors fan communities on the planet, but it is mostly been us screaming at you from across the internet void.. until now. With the launch of $RAPS we are setting in motion a new model that gives you ownership in our community, enables participation at a much deeper level, and earns you rewards for your contribution to the conversation.
Why a Community Currency?
The internet is changing and communities are discovering that embedding financial tools creates new ways to organize their activities and engage their members. The benefits for holding $RAPS will evolve based on your feedback and ideas so this list will grow, but out of the gate holders will get get:
Hold 10+ $RAPS
Access to our new private Discord where we can all hang out and talk all things Raptors and the NBA. We will also discuss and vote on new Raptors Republic initiatives and community benefits. You will get a role based on how much $RAPS you are holding.
Hold 50+ $RAPS
Exclusive access to in-person events we hold throughout the year. The first one on the schedule is for the NBA Draft on July 29th (Covid and Doug Ford pending). Stay tuned for more details.
Hold 100+ $RAPS
Be automatically entered to win a signed Kyle Lowry (when he was #3) official NBA basketball. Winner will be drawn at our NBA Draft event on July 29th; again, Covid and Doug Ford pending, otherwise we will do a live draw on Discord.
Rewards for Everyone
Earn weekly Rally rewards just for holding $RAPS and supporting the community. The more you hodl, the more you earn. You can re-invest these rewards to get more $RAPS, or convert them out into sweet-sweet cash. We will also be constantly giving away $RAPS to our most engaged community members.
How to get $RAPS
Step 1: Create an account on Rally. For those of you who have been buying NBA TopShot’s, Rally is to us, what Dapper is them.
Step 2: Go to our Rally page, click “buy” on the left panel, and purchase $RAPS coins. You can use your credit/debit card or cryptocurrency.
Have questions? Hopefully they are answered below but if not, join the discord and ask anything in the #help channel.
Is this a cryptocurrency?
Yes it is! $RAPS is powered by Rally which runs on a sidechain to the Ethereum mainnet. This makes it possible to swap $RAPS for Rally tokens ($RLY), the Rally Network’s default ERC-20 token, and then convert that into any other cryptocurrency (like $ETH) or standard fiat currency (CAD).
Does the price of $RAPS fluctuate?
Yes. $RAPS fluctuates based on the supply and demand of the coin, just like any other real world or digital asset. Hodl. Always Hodl.
Does Raptors Republic get any coins?
Yes. As the creator, we will be granted an allocation to do with as we choose. There is a period of time that it will take us to vest that allotment, but once we have them, we will be using them to reward both you and everyone at RR for helping to making this community even more vibrant.
Is this a pump and dump?
No, absolutely not. It is not in our best interests to sell our stash for many reasons, but namely, we would never do you folks dirty like that. We have been building Raptors Republic for over 14 years, and money is not reason enough to throw all of that away. We see this as a way for us all to benefit from the conversation that we engage in together on a daily basis.