Token Utility

RWD is a functional multi-utility token which will be used as the medium of exchange between participants on Rewardy in a decentralised manner. The goal of introducing RWD is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Rewardy without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. RWD does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will RWD entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. RWD may only be utilised on Rewardy, and ownership of the same carries no rights, express or implied, other than the right to use RWD as a means to enable usage of and interaction within Rewardy. The secondary market pricing of RWD is not dependent on the effort of the Rewardy team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including RWD). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business.

Further, RWD provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Rewardy, thereby creating a mutually beneficial system where active participants are fairly compensated for their efforts. RWD is an integral and indispensable part of Rewardy, because without RWD, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the ecosystem. Given that additional RWD will be awarded to a user based only on its actual usage, activity and efforts made on Rewardy and/or proportionate to the frequency and volume of transactions, users of Rewardy and/or holders of RWD which did not actively participate will not receive any RWD incentives.

RWD serves as the base currency within Rewardy and will be utilised for a variety of in-app activities, for example it would be used for NFT purchases and allows the users to acquire additional services.

RWD functions as an access token allowing user participation (qualify for allocation/slots) in the Airdrop Launch Pad within the wallet.

To promote decentralised community governance for the network, RWD would allow holders to propose and vote on governance proposals to determine future features, upgrades and/or parameters of Rewardy, or provide feedback, with voting weight calculated in proportion to the tokens staked. The right to vote is restricted solely to voting on features of Rewardy; it does not entitle RWD holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors or similar bodies of these entities, or determine the development direction of these entities, nor does RWD constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership.

To develop a self-sustainable, closed-loop economy, a portion of the fees and additional RWD would be distributed as incentives for active users and contributors interacting within the ecosystem.

RWD is a membership token and users which stake more tokens would be able to access premium membership tiers, which provides active participants with privileges such as enhanced reward tiers, priority access to content and products.

RWD is utilized in the P2T SDK to access services and utilities.