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RIVER Breaks $9 All-Time High, Tokenomics Enters AMM Era
BlockBeats News, October 22nd, according to HTX market data, RIVER has surged by 100% in the past 24 hours, reaching a new all-time high of $9.
This surge is related to the recent market attention on the "Dynamic Airdrop Conversion" pioneered by RIVER following its listing on Binance. River is the first project to incorporate "time" as a variable in its tokenomics. Both River Pts ecosystem points and the RIVER token are ERC20 assets that can be traded and transferred. Users can convert River Pts to RIVER tokens at any time after the TGE over a 180-day period, with the exchange rate increasing over time to initially mitigate airdrop selling pressure and reward long-term holders.
Within 30 days of RIVER's listing on Binance Alpha, the ecosystem points River Pts have increased by 25 times, surpassing the direct exchange value of RIVER in the short term. Arbitrageurs have recognized the game theory opportunity in the dynamic airdrop conversion mechanism, with the community hailing it as a moment in tokenomics akin to an AMM.
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