R5 Network
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  • Getting Started
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  • R5 Coin
  • R5 Tokenomics
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      • Send a Transaction
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    • How To: Deploy a Node
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On this page
  • Main Use Cases
  • Supply and Economic Dynamics
  • Technical Considerations

R5 Coin

PreviouszkNet (Privacy)NextR5 Tokenomics

Last updated 1 month ago

The R5 Coin is the native token of the R5 Network. It plays a crucial role in maintaining the security of the protocol and supporting its economic architecture. This page outlines the main use cases, supply dynamics, and reward mechanisms of the R5 Coin.


Main Use Cases

  • Mining Rewards: For each new block mined, new R5 Coins are created and awarded to the miner who validated the block. This mechanism provides a direct incentive for miners to contribute hashing power, ensuring that the network remains robust and secure against potential attacks.

  • Transaction Fees: R5 is used to pay for the computational resources required to process transactions. Associating a cost with each transaction helps to prevent spam and mitigates the risk of DDoS attacks.

  • Smart Staking Rewards: Transaction fees collected during network activity are pooled and redistributed through the Smart Staking protocol. Users who deposit and lock their funds with Smart Staking earn interest on their deposits, creating an additional incentive to hold R5 Coins and participate in the network’s economic model.


Supply and Economic Dynamics

The total supply of R5 Coins is capped at 66,337,700. This fixed supply helps to maintain scarcity and can contribute to the token's value over time.


Technical Considerations

Mining Rewards

New R5 Coins are minted with every block as a reward for mining. This mechanism not only secures the network but also ensures that there is continuous issuance of the native token until the capped supply is reached.

Transaction Fee Calculation

The cost for processing transactions is determined by network activity and the gas price. This fee mechanism plays a key role in preventing transaction spamming by ensuring that each transaction has an associated cost.

R5 Tokenomics