What is Robonomics Network (XRT)?
Robonomics is a blockchain-based open-source platform for IoT applications. The protocol enables the exchange of technical economic information between user applications, complex robotics, and IoT services. Robonomics Network is powered by the native token XRT. The XRT price is displayed on the live chart above.
The Robonomics Network aims at leveraging smart contracts to integrate robots and cyber-physical systems directly into the human economy. Robonomics Network runs on Ethereum and Polkadot blockchain networks. It enables developers of smart cities and industry 4.0 zones to build trust among autonomous robots. Users can access the robots directly for ordering products and services.
The protocol users can turn their IoT devices into autonomous economic agents. It provides robots with money, wallet, and smart contracts, enabling them to send and receive payments.
Robonomics Network contains a set of software for connecting IoT devices and complex robotic systems. Developers can connect a sensor to the Robonomics Network. The protocol also offers Robonomics IO, which is a simple prototyping tool. Finally, the network’s Autonomous Intelligent Robot Agent (AIRA) OS enables users to build their cyber-physical systems.
Blockchain technology ensures the security and transparency of the network.
Robonomics has a basic infrastructural service for Robotics and IoT called Robonomics Web Service (RWS). The core RWS features include:
- RWS Pubsub Message Broker – unlimited messaging over a peer-to-peer (P2P) network running on the IPFS protocol.
- RWS Data Blockchainization Service – enables putting data into IPFS and storing hashes in a public blockchain.
- RWS Robot Actions – enables controlling of IoT devices through decentralized computers. The command may include switching on/off your IoT device or launching/stopping your devices.
Use Cases of XRT Tokens
XRT is a multi-utility token that supports the Robonomics ecosystem. It acts as the fuel of the robots' economy. Besides, XRT maintains the decentralized robotics network and serves as the foundation of smart cities and IoT. XRT crypto allows users to interact with the Ethereum Virtual Machine (EVM), the Polkadot Network, the AIRA OS, and the Robotics operating system (ROS).
Additionally, XRT facilitates incentive systems that reward participants for supporting the network. You can earn rewards for staking XRT to secure the network and verify peer-to-peer communication between robots and humans.
XRT is also a speculative token listed on popular exchanges. You can add it to your trade portfolio. However, you should remember to research the Robonomics Network price before purchasing the assets. See the current XRT price on the chart above.
Who Founded Robonomics Network?
A group of experienced developers and engineers founded Robonomics Network in 2017. Members of this group are Sergei Lonshakov, Alexander Krupenkin, Alexander Kapitonov, and Alexander Starostin. The team has expanded to more than 50 members. Current members of the team include developers and engineers, blockchain pioneers, and robotics enthusiasts.
Tokenomics of XRT
Robonomics employs a varying token distribution mechanism. This model ensures the most appropriate token allocation to optimize sustainability and growth at every development stage. As of writing, Robonomics has already burned over 7 million XRT tokens. This mechanism helps keep the Robonomics Network price more stable.
