Robonomics RWS Token Soars as Polkadot Mainnet Launch Sparks Crypto Surge

Explosive Growth in the Crypto Market

The recent launch of Polkadot’s mainnet has sent shockwaves through the crypto world, causing many lesser-known assets to skyrocket. Among these, tokens associated with Robonomics, a project combining robotics and the Internet of Things (IoT), have been on a meteoric rise.

Robonomics’ XRT: A Tenfold Increase

Earlier this month, Robonomics’ utility token, XRT, witnessed an impressive surge, ballooning in value by ten times! It’s as if someone hit the accelerator on a space shuttle—bam! Up it goes.

RWS: The $100,000 Token Sensation

But wait, there’s more! The Real MVP here is Robonomics Web Services (RWS), which recently made headlines as the first crypto token to cross the $100,000 threshold, peaking at a jaw-dropping $116,000. Talk about a high roller!

Supply Dynamics That Drive Prices

The astronomical price of RWS stems from its snail-paced supply: only 50 coins are currently in circulation out of a total cap of 100. This makes the token rarer than a unicorn in a field of horses. The initial batch of 50 tokens was paired with XRT on Uniswap, while the rest are earmarked for academic institutions and charitable organizations.

How RWS Works

• Transactional Throughput: Each RWS token enables one transaction per second between the Robonomics Parachain and the holder’s IoT device.
• Access for Fractional Holders: If you’re holding a mere 0.1 RWS, congrats! You get a transaction every 10 seconds. For those with 0.001 RWS, it’s one every 100 seconds, so you can still get in on the action without breaking the bank.

Current Trading Status and Market Cap

Currently, RWS is exclusively trading on Uniswap, generating around $350,000 in volume over a single day. With a market capitalization of $4.65 million, it finds itself flying under the radar, ranking outside the top 500 crypto assets. But who needs a crowded room when you’re the life of the party?

The Future of RWS

Robonomics is positioning RWS as a trailblazing offer, planning to introduce other RWS models with various limitations and subscription perks. It’s like a subscription box, but for crypto enthusiasts! Currently in alpha, RWS is slated for a beta release in the fourth quarter of 2020. 

Market Corrections and Speculations

Even with sensational spikes of up to 900% earlier this month, it’s not all sunshine and rainbows. The tokens have since experienced a correction, retracing approximately 20% to 25% from their all-time highs. Timing is everything, folks!