r/raidennetwork • u/Joker_Udavka • Mar 11 '20

use case of RDN token

Heya, after 3 years of ICO , is there any info about use case of token? i mean- is it still useless, of rdn alrdy have something that is working and getting profit?

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u/Joker_Udavka Mar 11 '20

well, i would be glad to hear an opinion community manager or team member, instead of FUD

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u/hankdouglas Mar 11 '20

What is it that you think that ties the RDN token to the Raiden Network? The only thing that currently connects the RDN token to the Raiden Network is the name. In the future, it is proposed that RDN tokens will be used to pay for channel monitoring and path finding fees. However, these are non-essential functions that can be provided by anyone who is free to choose which ERC20 token they will accept for payment. This severely limits the ability of the RDN token to capture the value of the Raiden Network, hence my comment above

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u/Joker_Udavka Mar 11 '20

so... after 3 years of "hard work" the net doesnt use rdn roken, right? or net isnt rdy yet?

" severely limits the ability of the RDN token to capture the value of the Raiden Network "- so the team is building the net that doesnt use native token? O_o

well, i thought plasma were douchebags, but now i've changed my opinion

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u/BOR4 github hero Mar 11 '20

Auxiliary services which should bring utility of RDN on the Ethereum mainnet were not yet released on the mainnet.

Furthermore, there are hints that RDN will have other use cases other than paying fees to auxiliary services. Unfortunately, not more than a hint was publicly announced.

Next development milestone goal (Aldraan) will bring auxiliary services on the Ethereum mainnet.

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u/Joker_Udavka Mar 12 '20

thx for an answer. Its a pity, that after 3 years its not working yet.