The ROVI Protocol Web3 distribution network aiming for the GameFi/DeFi/Trading/NFT economy is launching its initial exchange offering (IEO) on ProBit Global.
The protocol, which uses messaging and social communities as an entry point, seeks to use its $ROVI token to glue all the platform’s components together to onboard the next billion crypto users in a simple way.
ROVI Protocol users will earn, spend, trade, and invest within the ecosystem.
Built on the Polygon blockchain, the $ROVI token is fungible, transferable, and compliant with the ERC20 standard.
$ROVI token ownership enables holders to participate in the decision-making process of the protocol through a prorated mechanism based on voting rights. Other ways to increase demand for $ROVI and rewards include making $ROVI token holders earn a share of the protocol’s revenue.
Holders will get higher returns on their investment, reduced trading fees, and are able to join staking programs in various projects within the protocol to create perpetual income. Aside from users earning M91 rewards which could be spent on utilities or burned in exchange for $ROVI, token holders also gain more rewards minting power.
The platform plans to reward valuable and engaged community users who contribute to the protocol’s growth with $ROVI tokens. These include users who refer a large number of users to the platform, stake tokens to vote on new modules to be built by developers, and contribute content to the protocol.
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