What is REKT? The REKT Token Experiment is a low-supply, fractional, deflationary currency experiment, built upon the revolutionary concept and design of BOMB, architects of the deflationary currency model invented by Zachary Dash and his amazing team. $REKT Token has a total supply of 100,000 and 1% of each transfer is burned. $REKT has 18 decimals, allowing for fractional transfers.

With the creation of deflationary currencies, we have witnessed a paradigm shift. It has - in essence - commoditized the blockchain community as a utility, rather than centralized project technical design and management. This has led to the core questions underlying The REKT Token Experiment.

What happens when community and crowd-sourcing is the primary use case in a fair, unobstructed economic and social sandbox environment?

Can meaningful ideas, design and concepts come to life from within a community, with a small conceptual team moderating the process?

What will happen when organic growth and design evolution is allowed to take place, without the business pressure of profitability and forced directional growth? Or when human emotional pressures of self-interest, and greed are eliminated from the equation as much as possible?

The REKT Token Experiment has no funding by design. 100% of the circulating supply is being airdropped to the community. No ICO, no IEO, no Private Placement or OTC transactions of any kind. There is no central company or entity controlling the process. All core team members are volunteers with a deep passion for blockchain technology and an intellectual interest in understanding more about the correlations of community in an economic and social environment.

It is imperative that the blockchain community understands that The REKT Token Experiment is conceptual by design. The $REKT Token has no intrinsic value at this time. We urge you to exercise extreme caution if you participate in any exchange of fungible assets for this conceptual, theoretical and experimental token. If you engage in the transacting of the $REKT Token, you do so at your own risk. This experiment has as much possibility of success as it does failure, and the community must be prepared for any possible outcome.

Phase One: Distribution

$REKT Token is being given away for free via an Airdrop staggered over three waves. Wave 1 began on June 21st, 2019 and distributed 25,000 (twenty five thousand) $REKT Tokens to 500 participants. It filled in just three days. Distribution of Wave 1 began on June 26th and is nearly complete.

Wave 2 began on June 26th and will distribute 25,000 (twenty fine thousand) $REKT Tokens to 1000 participants.

Details for Wave 3 have not yet been announced but will distribute the final 25,000 (twenty five thousand) $REKT in similar fashion.

15,000 (fifteen thousand) $REKT have been retained for Marketing & Development. Every allocation from this pool will be transparently documented to the community including purpose and any relevant TX IDs.

10,000 (ten thousand) $REKT has been set aside in a Team Pool, which has been locked for one year. The purpose, division of, and use of this pool has not been decided at this time.

Phase 2: Building in the Sandbox

The REKT Token Experiment relies on the participation of the community. Without this, the experiment will not progress beyond conceptual design. The team will offer paths for the community to travel along, similar in concept to a Choose Your Own Adventure novel. How, or even if, the community chooses to engage with the REKT Token Experiment is entirely up to them.

Design: All design elements of The REKT Token Experiment have been input with placeholder stock imagery. This is intentional, as our first community based task is to begin design implementation. REKT needs designs for the website, logos, social media and anything else that the community can think of, to create the essence and direction they wish it to progress.

Community participants are encouraged to submit design ideas and work, from which ten participants will be selected to receive 25 $REKT each from the Marketing & Development pool of tokens, if their work is selected and supported by the community. Additional details on this will be released in the near future.

Total $REKT Expenditure: 250

Development: The community is tasked with conceptual theory and submission of potential use cases, applications or other development concepts for the $REKT Token.

Community participants are encouraged to submit design ideas and work, from which ten participants will be selected to receive 25 $REKT each from the Marketing & Development pool of tokens if their work is selected and supported by the community. Additional details on this will be released in the near future.

Total $REKT Expenditure: 250

Community Management: The community is tasked with moderating social media channels, to ensure a positive, informative and supportive environment.

Active members of the Official REKT Community Telegram Channel are encouraged to begin assisting the core team with moderation right away. There are currently five potential spots. If selected in an official capacity, each Community Manager will be compensated with a 50 $REKT Tokens paid out monthly, 10 per month for a maximum calendar period of five months as long as they remain in their position.

Total $REKT Expenditure: 250

Phase 3: Next Steps

Join The REKT Token Experiment and help decide what comes next!

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