CryptoRaggies
  • ๐Ÿ‘‹Welcome to Raggiepedia
  • Overview
    • โญWhat is CryptoRaggies?
    • ๐Ÿ’ŸVision & Values
    • ๐Ÿ‘ฅThe Team
    • ๐ŸคPartnership & Collabs
    • ๐ŸŒณThe Ecosystem
      • ๐Ÿ˜ปRaggie NFTs
      • ๐Ÿ™‰Plushie NFTs
      • ๐Ÿช™RaggieCoin ($RAG)
    • ๐Ÿ‘•Raggie Merchandise
  • Utilities
    • ๐Ÿ“ˆTokenomics - $RAG
    • ๐Ÿ›๏ธRagAlley - Marketplace & Auction House
      • How to list my NFT in Marketplace?
      • How to start an On-Chain Auction?
        • How do auctions here work?
        • What are some best auction practices?
      • Need a Customised Marketplace and Auction House solution?
    • ๐Ÿ—บ๏ธRaggieWorld
      • Login (Desktop)
      • Login on iOS Safari
      • Install as an App (PWA) on iOS
      • Connect Discord
      • RaggieChat (Messenger)
      • Stash Trade (P2P Trading)
      • Moggie Raids (In-Chat Game)
      • Crafter's Nook (Crafting Platform)
      • Staking
      • Soul Land (Perma-Staking)
      • RaggieStore (Buy & Mint)
      • RaggieShrine (Burn and Raffle)
      • Raggie Rehoming Centre
      • Achievement System
      • Ragsters University
      • Patch Notes
        • 6 Nov 2023 (Latest)
        • 10 Oct 2023
        • 5 Oct 2023
        • 4 Oct 2023
        • 15 Sep 2023
        • 11 Sep 2023
        • 7 Sep 2023
        • 27 Aug 2023
        • 26 Aug 2023
        • 24 Aug 2023
    • ๐Ÿ‘›RaggiePurrse - Wallet
    • ๐ŸŽฎGaming
      • ๐ŸŒŒRaggieRun
    • ๐Ÿ˜ธSpecial Edition Raggies
  • Services
    • ๐Ÿ“™Introduction - RaggieMart System
    • ๐Ÿ—ƒ๏ธMarketplace/Auction House Solution
    • ๐Ÿ—ƒ๏ธMinting Solution
    • ๐Ÿ—ƒ๏ธAirdrop Solution
    • ๐Ÿ’ผClients / Portfolio
      • Zombie Chains - Hoarder's Collections
      • Inmates
        • The Tech
  • Soul & Soulbound Token (SBT)
    • ๐Ÿ“—Introduction - Revolutionising On-Chain Identification
      • Understanding Your Soul: Your Unique Digital Passport
      • Decoding Soulbound Tokens: Entries in Your Diary
      • Discover Your Soul ID: Your Unique Blockchain Nametag
      • How Soul and SBT Technology Benefits the Community
    • โš™๏ธDeveloper's Protocol: Souls and Soulbound Tokens
      • Interacting with Souls
      • Implementing Soulbound Tokens (SBTs)
      • Conclusion
    • ๐Ÿ“ƒWhitepaper
      • Understanding Souls and SBTs
      • Technical Overview
      • Conclusion
    • โ“FAQs
  • ๐ŸŽ‰Anniversary 2023 (Ended)
    • โ„น๏ธGet Ready!
    • ๐Ÿ”ŽWallet Hunt
    • ๐Ÿ“ŒMint Annie 2023 NFT
    • ๐ŸŽจFan Art Competition
    • ๐Ÿ—ฃ๏ธSocialise and Win
    • ๐ŸŽฎMogFight - RaggieRun
      • Prizes, Activities & Rules
      • How to play RaggieRun?
    • ๐ŸชRaggieStore Promotion
    • ๐ŸŽŸ๏ธVasilRaggie Raffle
    • โš”๏ธRaggieChat Raid (RaggieWorld)
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On this page
  • What is this?
  • How does it work?
  • How often do Raggies get rehomed?
  • How much does it cost to rehome a Raggie?
  1. Utilities
  2. RaggieWorld

Raggie Rehoming Centre

An innovation geared at creating value and utility for all of our tokens and forms a crucial part of a circular economy facilitating a sustainable tokenomic structure for $RAG

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Last updated 1 year ago

What is this?

Raggie Rehoming Centre is essentially a Raggies marketplace where Ragsters can buy (rehome) Raggies using $RAG. These are Raggies that have already been minted and comes from the existing circulating supply. Rehoming a Raggie is not a minting transaction and does not affect total supply.

How does it work?

Many parts of our project has microtransactions built in, resulting in a small ADA profit per transaction coming from dust fees associated with native tokens sent to us. When we combine these native tokens into a single UTxO, the result is that the ADA amount required to be locked with these tokens dramatically falls. This frees up locked ADA which we could use to further create value for our ecosystem.

It is with these ADA that we are able to buy Raggies at floor price from the various marketplaces, and list them at the Raggie Rehoming Centre to be rehomed for $RAG. We check the floor price using opencnft API, and work out the current $RAG/ADA exchange rate based on our liquidity pool on Minswap, and we always ensure that the total cost of rehoming, in ADA value, is lower than the current floor price. This means that rehoming a Raggie using $RAG is always the most economical way to own a Raggie outright, and we can do this while raising the Raggie floor price (by our buy pressure) and creating demand and utility for $RAG at the same time.

How often do Raggies get rehomed?

This depends on the rate at which the RaggieStore wallet manages to accrue ADA that can be used to buy Raggies off the floor. We don't normally list Raggies for rehoming immediately after buying them from the markets. We sometimes do, but not often. We want this unpredictability so everyone stands a chance, and it is not easy to spot a pattern as there is none. We also try our very best to list them for rehoming during different times of the day in our own timezone so more people can benefit.

How much does it cost to rehome a Raggie?

As explained above, the total cost of rehoming a Raggie will always be lower than the floor price on secondary markets. We charge a $RAG fee and a flat 5 ADA fee for each rehoming transaction. This is the total cost and it will always be below the current floor price. The 5 ADA component is very important for us to be able to continue to run this rehoming programme, because we never liquidate any $RAG in our project wallets to get usable ADA value. You can get a rough gauge of how much $RAG to get ready in your wallet to snipe the next rehome deal by looking up recent prices in the channel in our Discord.

โ ๐Ÿ recently-rehomed
๐Ÿ—บ๏ธ
Raggie Rehoming Centre - Every Raggie deserves a warm and loving home!
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