What Is Redacted (RDAC)? What Does It Do?

Redacted (RDAC) is the native cryptocurrency of a platform that supports innovative start-ups in the Web3 ecosystem. What is Redacted (RDAC) and what does it do? Let’s examine it in detail.

What Is Redacted (RDAC)? What Does It Do?

Redacted is dedicated to accelerating Web3 startups across various sectors, including DeFi, artificial intelligence, gaming, trading, payment systems, and SocialFi. Unlike projects that focus on a single blockchain niche, Redacted supports innovative ventures in multiple trending sectors, creating a broad impact.

Redacted stands out from other crypto initiatives by avoiding reliance on token speculation. Instead, it co-owns and co-develops revenue-generating businesses. This approach ensures that RDAC delivers tangible utility, making it more sustainable than many other cryptocurrencies.

How Does Redacted (RDAC) Work?

RDAC is designed to facilitate access, participation, and benefits within the Redacted ecosystem. It offers diverse advantages to holders while ensuring value flows back into the ecosystem.

1. Utility Across Multiple Platforms

The Redacted ecosystem encompasses over 14 products spanning various Web3 sectors. Key platforms include:

• RampX: A gasless cross-chain bridging platform that simplifies and reduces the cost of blockchain transactions.
• iAgent: An innovative AI gaming and DePIN project trained on visual data.
• Mintify: A high-speed platform for trading NFTs’and digital assets, boasting over $25 million in trading volume.
• FlashX: An AI-powered crypto trading bot integrated with Twitter (X), processing over $18.5 million in trades.
• Maxis: A gamified NFT marketplace with a total trading volume exceeding $96 million.
• Swipooor: A fantasy GameFi and SocialFi platform, dubbed “Tinder meets crypto.”
• BipTap: A crypto banking solution with over 200,000 users and $120 million in monthly transactions.
• PG Capital: A decentralized Web3 venture capital platform enabling users to invest in early-stage blockchain projects.

These platforms generate revenue, a portion of which is reinvested into the RDAC ecosystem, ensuring long-term sustainability.

2. Staking and Leveling Up

Users can stake their RDAC tokens to unlock benefits such as:

• Trading fee discounts
• Exclusive token airdrops
• Early access to new products
• Premium platform features

This staking model encourages long-term holding and rewards dedicated users.

3. Rewards from Incubated Projects

As Redacted supports the launch and growth of new Web3 startups, RDAC holders gain access to exclusive airdrops from these projects. This means RDAC provides value not only within the ecosystem but also exposure to emerging, high-potential crypto ventures.

4. Investment and Real-World Asset (RWA) Opportunities

RDAC holders can access early investment opportunities in both digital and real-world assets, including:

• Priority access to pre-public token and equity sales
• Governance participation in the ecosystem
• On-chain rewards through ecosystem engagement

5. Bridging Web2 Users to Web3

Redacted plays a pivotal role in making Web3 adoption seamless. The crypto world can be complex and intimidating for Web2 users. Redacted overcomes this by integrating its technology into platforms people already use.

For instance, Redacted has partnered with Kumu, one of Southeast Asia’s largest livestreaming apps, with 17 million users and 11.4 million monthly views. Kumu integrates Redacted’s Web3 features without disrupting the user experience, providing significant exposure for RDAC.

6. Buybacks, Burns, and Revenue Sharing

Redacted employs real economic strategies to enhance token value:

• Buybacks and burns: A portion of platform revenue is used to repurchase and burn RDAC tokens, reducing supply and increasing scarcity.
• Revenue sharing: Users and investors benefit from the ecosystem’s success, aligning incentives among the team, investors, and community.

Redacted Ecosystem

Redacted enters the Web3 space with a visionary approach to addressing the long-term sustainability challenges faced by startups. Many Web3 projects struggle to maintain token value and active user bases due to rapidly evolving trends. Redacted tackles these issues by accelerating startups across multiple sectors, powered by a user and data ecosystem driven by the RDAC token.

Having raised $10 million in funding from industry giants like Spartan Group, Animoca Brands, and Polygon Ventures, Redacted boasts a portfolio of over 15 products and 1.3 million active users, positioning it as a leading force in Web3.

Redacted plans to grow its ecosystem by attracting and retaining users while consolidating blockchain communities from layer 0, 1, and 2 protocols. Powered by RDAC, the ecosystem is built through its current portfolio of revenue-generating products and Web2 partnerships.

The strategic alliance with Kumu, which has 20 million downloads, 17 million users, and 11 million monthly views across 55 countries, aims to introduce RDAC and Redacted’s products to its user base, onboarding Web2 users to crypto through engaging and rewarding experiences.

Venture Capital Firms Backing Redacted Coin (RDAC)

RDAC has secured significant investments from prominent venture capital firms in the Web3 space. These include Spartan Group, Polygon Ventures, Animoca Brands, AlphablockZ Ventures, Saison Capital, and K300 Ventures. This robust backing underscores the project’s credibility and growth potential.

RDAC Token Distribution

• Community: 25% (250,000,000 RDAC)
• Ecosystem & Treasury: 26.6% (266,000,000 RDAC)
• Contributors & Advisors: 18% (180,000,000 RDAC)
• Strategic Investors: 20.1% (201,000,000 RDAC)
• MocaList Sale: 4.3% (43,000,000 RDAC)
• Liquidity: 6% (60,000,000 RDAC)

From a total supply of 1,000,000,000 RDAC tokens, 244,000,000 (24.4%) are being distributed through an ongoing token sale.

Features of the RDAC Token

RDAC is issued as an ERC-20 token on the Base Mainnet, with plans to expand its utility across multiple chains, starting with EVM-compatible protocols. The token has five core functions:

1. Staking: Users stake RDAC to increase their level and access ecosystem benefits.
2. Access: Higher RDAC levels unlock exclusive features and competition entries.
3. Governance: Users contribute to community governance based on their RDAC level.
4. Utility: RDAC can be used for payments or discounts across ecosystem products.
5. Rewards: Users earn RDAC rewards for ecosystem activities.

Redacted (RDAC) Founding Team

Redacted is led by the experienced leadership team of Project Godjira (PG) Group, which has facilitated over $8.3 million in funding since its genesis NFT launch in 2021. The team brings deep expertise in blockchain technology and digital assets.

• Shan Kumar (CEO): Former mechanical design engineer at Tesla.
• Ken Hagino (CFO): Former APAC Traded Product Valuation Director at Bank of America Merrill Lynch.
• Kevin Hagino (CMO): Product owner at Kraken, LEGO, and P&G.
• Amresh Singh (COO): Founder of a successful engineering management firm.
• Lucca (CTO): Former CTO of AppLock, which reached over 100 million users.
• Kevin Henrikson (Chief Advisor): Former VP of Engineering at Instacart and co-founder of Acompli.

Official Links

• Whitepaper: RDAC Whitepaper
• X (Twitter): RDAC X
• Telegram: RDAC Telegram

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