What is Royal Society
The Royal Society project aims to build a "Royal Society" as the name of the project, which can be enjoyed together by collecting all the contents consumed through the pop culture industry by creating a token-based pop culture portal platform.
The Royal Society project team focused on the use of blockchain, especially NFT, as an alternative to solving the chronic problems of traditional ticketing systems, such as ticket scalpers and proxy ticketing using macro systems, and system errors when making online reservations.
Accordingly, it aims to build a blockchain-based platform, issue NFT tickets through marketplaces in the platform, restore reliability in ticketing through a system that can be paid using tokens, pursue fairness in transactions, and create a stable ticketing operation system.
The Royal Society Project plans to expand its service and business area by developing its own wallet service and building a metaverse platform through the initial stage of upgrading and stabilization of marketplace services.
Business Model
The Royal Society Project plans to create an initial Royal Society ecosystem through partnerships with businesses in various fields such as performances, exhibitions, mobile games, electric vehicle startups, and distribution, and expand the use of tokens for Royal Society Token (RST) by diversifying the fields of business contents.
The ultimate destination of the Royal Society is to create a Metaverse platform. By establishing a metaverse platform after upgrading and stabilizing marketplace services, the company plans to expand its service and business areas by widening the scope of ticket-oriented NFT businesses so that they can be used for various contents.
Ecosystem
The Royal Society platform uses the standard token specification ERC-20 standard set by the Ethereum blockchain network in consideration of the stability and scalability of the transaction. Therefore, the Royal Society platform is created through the Royal Society Token (RST) issued based on ERC-20. In addition, NFTs, which are authorized by the Play J.S Foundation, are issued using Ethereum's NFT standard specification ERC-721.
The Royal Society platform will issue and sell tickets for performances, exhibitions, and events such as concerts and musicals through NFT, and in the case of general tickets that are not issued through NFT, a service that can be purchased by paying with platform tokens will be launched first. The marketplace of the Royal Society platform plans to sell tickets, distribute Celeb Goods, and sell music at the same time.
Token Economy
The Royal Society ecosystem forms a token economy through RST (Royal Society Token) issued based on ERC-20, the token standard of the Ethereum network, and R-points paid as rewards. R-Point and Royal Society Token (RST) are used as a means of exchange and reward of value within the Royal Society platform.
- Royal Society Token(RST)
Royal Society Token (RST), the platform's default payment method, is issued based on ERC-20, the Ethereum network's token standard. Royal Society Token (RST) is the main currency of the platform and can be used as a payment method when purchasing a specific product and using a service within the platform. - R-Point
R-Point is a reward payment method for the Royal Society platform ecosystem. Users receive R-points as reward for in-platform activities such as consumption activities centered on the marketplace of the Royal Society platform and evaluation of products and services.
Reward System
The Royal Society pays R-points as a reward for all in-platform activities of users to increase their motivation to participate and stimulate interest in the platform.
R-points acquired through Rewards can be exchanged to Royal Society Token (RST) and used as a payment method when purchasing specific products and using services on the platform.
When exchanging R-points for Royal Society Token (RST), the minimum point that can be exchanged is 10,000 points.
The Royal Society Token (RST) can be exchanged for other virtual assets through the Ethereum network's wallet service and used for asset transactions.
Roadmap
• White paper, homepage, token development complete
• Starting RST Metaverse Platform Development
• RST Business Presentation Held
• Domestic and Vietnam, Asian Entertainment Enterprise Agreement
• Organize the 2023 performance, festival and artist lineup
• Listed on the Global Exchange
• Open RST Swap Exchange
• P2P exchange open (game money only)
• RST year-end VIP party
• Metaverse Platform Development Completed
• A small-scale performance in Korea
* This roadmap may vary depending on market conditions, the company's development progress, and other situations.
Token Plan
Token Information
The Royal Society Token (RST) uses the standard token specification ERC-20 set by the Ethereum blockchain network in consideration of the stability and scalability of the transaction. Basic information on the issuance plan of the Royal Society Token (RST) is as follows.
| Token Name | Royal Society Token |
|---|---|
| Token Symbol | RST |
| Standard | ERC-20(Ethereum) |
| Total Supply | 3,000,000,000 RST |
| NFT Minting Authority | Play J.S Foundation |
|---|---|
| Standard | ERC-721(Ethereum) |
Token Allocation
The Royal Society Token (RST) is planned to be distributed as follows.
- 30% token swap for initial business seeds and staffing and development costs
- 30% to create ecosystems and maintain platforms
- 20% for platform development and implementation and system advancement
- 10% for initial members
- 5% marketing and airdrop for ecosystem and platform activation
- 5% advisors and partners contributing to the ecosystem
Funds Management Plan
Funds raised through the Royal Society Token (RST) will be distributed as follows.
- Development costs (30%) for recruiting and operating research and development personnel, upgrading service and business models, and developing Dapps
- Cost of building services (30%) for the ecosystem, management personnel, etc. and office operations
- Marketing costs (20%) for online/offline advertising execution
- Legal and accounting consultation costs (10%) that fit the bill and reality of each country where coins can be traded
- Company ownership and risk preparedness (10%)
Project Team
Kim Beom Joon
Founder, Financial Secretary
Accounting, Finance Specialist: CPA_Washington Board of Accountability
KCC
Diversity Korea
Seonsan Corporation
Mitsubishi Bank
A graduate of George Washington University in Accounting
Joo Sung Jin
IT Director
Director of Planning and Editorial for Current Affairs Magazine
Weekly Blockchain Editor
Director of A-Rock Co., Ltd
The director of the Jobpost press production department
The editor-in-chief of Newstown
Media Communication Subcommittee of the Policy Advisory Committee of the Yeouido
Director of the Korea University Basketball Federation
The editor-in-chief of a current affairs magazine
June Hyung Ban
Head of Marketing
Korea University, College of Information and Communication
Hiswillcoms Corp. blockchain based business promotion
Weekly Blockchain editor-in-chief
Intro Labs CEO
KT hitel ICT marketing team leader
API distribution platform, KT bigdata platform blockchain solution operation and marketing
Advisor
Sung Hwa Hong
Chairman of the Korea Culture Industry Promotion Agency
Special member of the Korea Federation of Small and Medium Businesses
CEO of Arosred Co., Ltd.
Director of the Seoul National University Alumni Association
Master of Music, Giuseppe Verdi, Milan, Italy Seoul National University (Bachelor of Music)
Bong Joo Kim
CEO of The Mania Group Co., Ltd.
CEO of AT Mania Co., Ltd.
CEO of Celeb Mania
Chairman of The Look of the Year Marketing Committee
IMC digital marketing
Celeb Management
Jong-Il lee
Secretary-General of the Vietnam Tourism Organization