[AMA] We are RCAX (rcax.io). A project aimed to improve the Reddit Collectible Avatars ecosystem. Recently, we have released a utility token ($RCAX) that can only be mined by burning RCA's. We are also developing a marketplace for RCA's (you can already u

AMA Announcement: Join Us on November 12th at 19:00 UTC!

Hey r/CryptoCurrency, thank you for hosting our AMA!

We are u/WarmBiertje (~Developer) and u/kekzilla59 (~Community Manager)

And we are the team behind RCAX. Known to some for our real-time Reddit Collectible Avatars market analysis tool and mobile app: RCAX.io. We are driven to improve the Reddit Collectible Avatars ecosystem! If you haven't heard of us, don't worry – we're here to give you a quick overview!

About RCAX:
Our journey kinda started about a year ago when the first Reddit Collectible Avatars were released. Intrigued by the concept of RCAs, I began developing snoovatars.com, a real-time price alerts service for Reddit Collectible Avatars. This was the core of the product to come.

Fast forward to May this year, and we transformed into RCAX.io, offering a comprehensive dashboard with real-time prices, listings, sales, and other tools for all Reddit Collectible Avatars. And now with a serious goal to improve the Reddit Collectible Avatars ecosystem.

The Challenge:
As Reddit flooded the market with new RCA collections, the community faced challenges. The once-rare avatars lost their appeal, leading to a collapse in secondary markets. Frustrated community members, having invested significantly, were left with an excess of avatars and a stagnant market.

Our Solution:
To revitalize the community, we introduced dApps, a marketplace, and the RCAX token ($RCAX) launched in September. The token can only be mined by burning eligible Reddit Collectible Avatars, providing a unique solution to the oversupply issue. Learn more about the token and how to mine it in our whitepaper.

What We've Built:

1. RCAX.io: Real-time market analysis and hub for Reddit Collectible Avatars. Also includes custom price alerts, an avatar exporter, a listings browser and a wallet checker. Download the app for iOS and Android, or use it on the web.
2. RCAX Token: Mine $RCAX by burning your Reddit Collectible Avatars. Read more here.
3. RCA dApps: Explore our first dApp, Random Avatar Swap, allowing you to swap avatars with random other avatars within the same release generation. First swap is free. Afterwards, you pay a fee in $RCAX. Half of the fee goes to avatar providers for the dapp.
4. RCA Marketplace: RCAX Marketplace is designed exclusively for Reddit Collectible Avatars, providing a user-friendly platform for buying and selling. With full support for $RCAX of course. Right now the platform is in early-access, but we are working hard to add additional features.

Ask Us Anything!

TLDR; In summary, we've crafted exciting tools for Reddit Collectible Avatars, including a newly launched marketplace and the $RCAX token. For more details, visit RCAX.io. Feel free to ask us anything during our AMA!

Connect with us:

• Subreddits: r/rcax | r/RedditAvatarTraders (Great for trading avatars for MOONs)
• Discord: Join our Discord
• Twitter: Follow us on Twitter

Previous AMA (not in r/cc):

https://www.reddit.com/r/Bucketheads/comments/16imfll/ama_hi_im_uwarmbiertje_developer_of_rcaxio_and/

We look forward to engaging with the community and answering your questions!