REZ - RED point -
Off-chain token REZ
Last updated
Off-chain token REZ
Last updated
CEG INC.
We will implement REZ using off-chain tokens. Although incorporating off-chain functionalities in a Web3 context might have its pros and cons, we prioritize practicality over ideology.
The reasons why we decided to introduce off-chain tokens are as follows:
To conduct an Earn-type project that involves collecting points rather than tokens, we needed a smaller unit token compared to the REDX. We have already started building projects
Intended to be used "at the location" and "simultaneously" at places like RED° TOKYO TOWER and other event spaces. To fulfill these services, the transaction specifications of existing blockchains are insufficient for designing the desired services.
Even though there are many transactions per second, it is challenging for users to utilize thousands of transactions per second without stress, including the results of those transactions.
From the start, we intentionally introduced off-chain tokens into tokenomix to seamlessly connect systems and prioritize improving UX.
So, how is REZ used?
Our services can be directly accessed using REDX. However, for those who wish to use the services but are hesitant about using cryptocurrency, REZ is intended to serve as an **"entry point."
Additionally, REZ can be utilized in our point rewarding service, where users can accumulate points by completing quests we provide, creating a sub-tokenomix system.
