$RIZ

$RIZ is the native cryptocurrency powering the Rivalz Ecosystem, serving as the backbone for a wide array of functionalities and incentives within the platform. Its utility spans multiple facets, ensuring seamless operations, incentivizing participation, and enabling governance within the ecosystem. Below is a comprehensive overview of the various utilities of the $RIZ token:

$RIZ Utility

1. Transaction Facilitation

$RIZ plays a pivotal role in facilitating transactions across the Rivalz platform, ensuring smooth and efficient operations.

• Gas Fees - Every interaction on the Dymension RollApp, including asset transfers and smart contract executions, requires the payment of gas fees in $RIZ. This mechanism ensures that the network remains operational and that resources are allocated efficiently.

• AI Application Transactions - Within the Rivalz ecosystem, various AI applications are built to perform sophisticated tasks. $RIZ facilitates transactions within these AI applications, enabling functionalities such as data processing, AI-driven analytics, and automated decision-making processes.

2. Node Ecosystem Dynamics

Rivalz DePIN is powered by two node types: rClients which provide storage and computational resources, and Validator zNodes, which are purchasable nodes that manage critical intelligence functions to enhance decentralization, integrity, and privacy.

• Upgrades - Staking Mechanism: rClients can stake $RIZ to upgrade their nodes, which increases their emission rewards under the Proof of Stake (PoS) system. This incentivizes active participation and rewards reliable node operators.

• Slashing Mechanism - To maintain network integrity, there is a slashing mechanism in place for underperforming nodes. This ensures that only high-performing nodes receive rewards, thereby maintaining the overall health of the network.

• Rewards - Both rClients and zNodes earn $RIZ emission rewards for their role in maintaining the DePIN infrastructure. These rewards incentivize node operators to provide reliable and continuous service, ensuring the network remains robust and efficient.

3. Storage Data Ecosystem

$RIZ is essential for maintaining the integrity and security of data storage within the Rivalz network.

• Storage Payments - AI Applications utilize $RIZ to pay for secure storage on the Rivalz network. This ensures that data is stored safely, remains accessible for authorized applications, and benefits from the network’s decentralized security features.

4. Intel Market

The Intel Market is a marketplace within Rivalz where data and intelligence are bought, sold, and traded. $RIZ is the primary medium of exchange in this market.

• Market Transactions - All activities within the Intel Market, including buying, selling, and trading of data and intelligence, are conducted using $RIZ. This standardizes transactions and ensures liquidity within the market.

• Data Provision Monetization - Data Providers who utilize Rivalz’s pre-processing pipelines to prepare their data for the market are required to pay an additional commission in $RIZ when their intelligence (Intel) is sold or rented. This incentivizes high-quality data provisioning and compensates for the value added through data processing.

5. Agentic Data Coordination Service (ADCS)

The Agentic Data Coordination Service (ADCS) is a critical component of the Rivalz ecosystem, enabling seamless data coordination and AI-driven decision-making.

• API Access - Access to ADCS’s APIs is facilitated through $RIZ. This allows developers and applications to integrate ADCS functionalities, such as data requests and AI-driven inferences, into their services.

• Rivalz ADCS Oracles - Utilizing ADCS Oracles, which provide reliable and real-time data feeds for AI applications, requires $RIZ. This ensures that data transactions within ADCS are secure, verified, and efficiently processed.

6. Governance

$RIZ empowers token holders to actively participate in the decentralized governance of the Rivalz ecosystem.

• Decentralized Governance - $RIZ holders can propose and vote on various ecosystem upgrades and protocol changes. This democratic approach ensures that the community has a direct say in the future developments and strategic directions of the platform.

• Influence and Decision-Making - By holding and staking $RIZ, participants gain voting power, enabling them to influence key decisions that shape the ecosystem. This fosters a sense of ownership and responsibility among the community members, driving collaborative growth and innovation.