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Where can we buy XRK tokens?
At present you can buy XRK tokens in RecordsKeeper Token Sale or reach out to your friend who has some XRK to buy them. Later on once they are listed on exchanges you can buy XRK tokens from exchanges as well. We are in talk with several exchanges for the listing but at present, there is no fixed timeline for exchange listing that we can confirm here.
What is the utility of XRK Token?
The main purpose or utility of the XRK is upload records over the RecordsKeeper Blockchain. RecordsKeeper Blockchain compute the some fees over the records uploaded and award that fees to miner who confirm the transaction carrying the data.
XRK tokens are ERC20 or not?
No. XRK is not ERC 20 or any other Ethereum, EOS, NEO based token. XRK is completely independent & maintained on it’s own Blockchain called RecordsKeeper.
How many total XRK are there in the network?
There are currently (as of writing this answer) approx 302.76 million XRK in RecordsKeeper Ecosystem (300 Million Pre-mined & 2.76+ Million Mined by miners). This value keeps on increasing as more XRK coins are added through mining rewards which are 10 XRK per Block at every 15 seconds average.
What is the value of XRK?
The current value of XRK is 1 ETH (Ether) = 5,000 XRK. This value is subject to change as per the supply and demand.
How XRK are generated?
The pre-mined XRK coins are in total 50 million which you can buy and use for RecordsKeeper. You can also generate and earn more XRK through mining. Refer the mining guide to set up the mining for XRK (Link to mining guide)
What is XRK Token?
XRK tokens are the RecordsKeeper Blockchain’s native assets defined only inside the RecordsKeeper Blockchain. Technically it is impossible to take XRK outside of RecordsKeeper Blockchain. XRK are the tokens used in RecordsKeeper Blockchain as an incentive & payment model for uploading the records in open Blockchain. XRK behave as a fee for uploading the records over the RecordsKeeper Blockchain.
What is a Token in Blockchain?
A Token in a Blockchain space are the Blockchain ledger entries (represented as numbers) which are tracked end-to-end among Blockchain peers & can be transacted independently between Blockchain addresses. They are just some virtual numbers like in some video games but has the tracking using the consensus algorithms on the Blockchain network. These tokens can represent anything in real life as long as you assign some values to it like 1 token is equal to 1 chair etc. In our case they are XRK ie.
How can I get Testnet XRK?
Testnet XRK is available for the community to build and deploy applications over the RecordsKeeper. You can get Testnet XRK through RecordsKeeper faucet.
How can I get XRK in bulk?
To buy XRK in bulk, you can contact us [email protected]
What is the smallest unit of XRK token? How many decimal Points XRK has?
XRK has 8 decimal points just like Bitcoin (BTC) and the smallest unit of XRKs is called “Cord”. So there are 100 Million Cords in 1 XRK. 1 XRK = 100,000,000 Cords.
How much fee in XRK is needed to upload a record in Blockchain?
As of now the upload fee is 0.1 XRK per KB of data. So if you want to upload around 1MB you have to pay around 100 XRK in fee which will be delivered to the miners. User can upload Records/Data into RecordsKeeper Blockchain by paying the upload fee in XRK (0.1 XRK/KB) in a key-value pair format. Maximum 8 MB can be uploaded per transaction.
Where can I see XRK tokens statistics?
You can see the Blockchain statistics here. https://stats.recordskeeper.co/
Who gets the XRK which are spend as transaction fees?
The miner who confirms the transaction gets the XRK spent in transaction fees.
Do I need to buy XRK for demo?
RecordsKeeper Demo provides the new users with 1 XRK coin over Mainnet which can be used to publish the transaction over RecordsKeeper Blockchain. The maximum size of Data which can be published is based upon the fees. If you want to post large data, you need to buy more XRK coins. To purchase the XRK, please contact us here.
Can XRK tokens be destroyed or burned?
XRK can not be destroyed or burned. However, you can send XRK to a NOP_RETURN transaction thus making un-spendable for further transactions.