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Rangers Protocol: The Virtual World Blockchain Infrastructure

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2021 has been the year the Decentralized Finance (DeFi) industry well and truly announced itself. Since the turn of the year, DeFi has been booming and we’ve seen mind-blowing sums of money being transacted in the industry every day. As of the time of writing this article, the Total Value Locked (TVL) in DeFi has appreciated from an initial all-time-high of $157.06 billion to $187.44 billion in the last month. 

With numbers like this, it is easy to forget that the blockchain world isn’t entirely made up of decentralized finance only. Apart from financial applications, there are non-financial applications are being developed in the space that is worth looking forward to. One of such applications/platforms is the Rangers Protocol. 

What is Rangers Protocol? 

Incubated by MixMarvel, Rangers Protocol is a virtual world blockchain infrastructure that is future-oriented to integrate cross-chains, Non-Fungible Tokens (NFT), and Ethereum Virtual Machine (EVM) protocols. Because this is a high-performance chain group that is designed to reach EVM multi-chain contract interoperability levels, Rangers Protocol can serve everyone who is looking at exploring the blockchain world. It is a permissionless protocol that allows pioneer developers to freely try out diverse content and applications in its ecosystem.

The Rangers Protocol integrates an efficient VRF+BLS consensus mechanism to solve the problem of high-frequency trading. Because it produces a block every second, the efficiency is a hundred times better than the traditional Proof of Work (PoW) block/minute generators. This minimizes the possibility of network congestion and reduces the cost of usage. There is also the integration of real-time transaction confirmations that solves the problem of users waiting for blocks to be generated. It also solves the issue of asset migration by adopting a Secure Multi-Party Computation blockchain technology that is based on the VRF+TSS consensus mechanism. This ensures the security of users’ asset cross-chain processes. Finally, Rangers Protocol incorporates the ERC-721 protocol to standardize NFT as a standard for digital assets. 

It took a group of senior technical engineers three years to develop an underlying technical solution with a clear framework and functions that make up the Rangers Protocol. Today, this infrastructure built by these engineers can provide its users and developers with the simplest operation, a high performance, and a high level of applicability.

Technically, Rangers Protocol is divided into two parts:

    • Rangers Engine — This is the core part of Rangers Protocol. It is a high-performance chain that is highly scalable and supports complex applications.
      • Rangers Connector — This completes the interconnection with various public chains. It has provided cross-chain services for developers and users as its main function.

      $63 Million Valuation 

      In June, the China-based blockchain infrastructure startup announced that it had completed a private equity round of financing with a valuation of $63 Million. The investment round saw an impressive list of some of the industry’s top venture funds participating. Some of the investors include Alameda Research, Spark Digital Capital, Morningstar Ventures, Framework Ventures, Pantera, AU21Capital, Huobi Ventures Blockchain Fund, Hashkey Capital, SevenX Ventures among others. The investment round also saw Rangers Protocol bring on Polkastarter as a strategic partner. 

      Tokenomics

      RPG (Rangers Protocol Gas) is the Rangers Protocol ecosystem token. There’s a total supply of 21,000,000 tokens. Developers will need to purchase and stake $RPG tokens to be able to use Rangers Protocol. Also, users who plan to invest in applications that access Rangers Protocol will have to buy and use the $RPG tokens.  As the ecosystem grows, the token will continue to increase in value. 

      Token Allocation & Vesting 

        • Ecological community (49%) — 8% of the remaining amount will be released every 180 days. The ecological community is divided into the proposal and ecological nodes
          • Proposal nodes (35%) — join through the $RPG-staking election and provide special hardware while the 
          • Verification nodes (14%) will provide the required hardware. 
            • Ecological fund (20%) Market Operation (8%) & Developers (7%) — The unused amount here will be locked. Community voting will be held and relevant announcements made on the foundation website upon decisions and use. 
              • The core team (14%) — This is for the core developers and maintainers and 8% of the remaining amount will be released every 180 days.  
                • Investors (10%) — There will be an equal unlock (claim) each day and the token allocation for investors will be fully unlocked within 400 days.
                • Incubators and consultants (7%) — This is for Incubators and strategic partners. 8% of the remaining amount will be released every 180 days. 
                  • Treasury (0%) — This serves as a reward and penalty pool. It will be dynamically balanced during operation and the value can be adjusted through community voting.

                  Rangers Protocol IDO

                  Rangers Protocol is set to hold its Initial Dex Offering (IDO) on 23 September 2021. The IDO will happen on Polkastarter. 

                  Public raise: 420,000 USD

                  Ticker of your token: RPG

                  Price per token: 4 USD

                  The total amount of tokens on sale: 105,000 $RPG.

                  You can learn more about the IDO and Whitelisting process here.

                  Roadmap 

                  2021 Q3

                    • Rangers Engine Tech — Compatible with Ethereum NFT. Support Rangers Protocol-based DApp development. VRF+BLS consensus mechanisms. EVM-based smart contract system. NFT protocol stack.
                    • Rangers Connector Tech — PoW. Free to join and leave and Ethereum smart contract verification multi-signature

                    2021 Q4

                      • Rangers Engine Tech — Compatible with Ethereum NFT. Support Rangers Protocol-based DApp development. VRF+BLS consensus mechanisms. EVM-based smart contract system. NFT protocol stack.
                      • Rangers Connector Tech — Pluggable consensus mechanism. Free to join and leave and Ethereum smart contract verifies the PoW consensus. 

                      2022 Q1

                        • Rangers Engine Tech — IDE enhancement. Support complex applications and maximise developer efficiency. IDE plugin and smart contract compiler and debugger.

                        2022 Q2

                          • Rangers Connector Tech — Self consensus algorithm of the Relay Chain. Relay Chain node opens and Multi-chain contract verification. 

                             
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