RWAs are Gonna Make it: RAGMI Store Now Live

At Polytrade, we believe RWAs are Gonna Make It!

We’ve built a marketplace where your loyalty doesn’t go unnoticed. With RAGMI, your commitment to the community pays off. Whether it’s exclusive access, VIP events, or one-of-a-kind collectibles, we’ve got something special just for you.

Earn RAGMI. Redeem RAGMI. Celebrate RWAs. Let’s dive into RAGMI.

What is RAGMI?

RAGMI is your ticket to unlocking real-world rewards on Polytrade. You can accumulate RAGMI points that turn your participation into perks!

What is RAGMIMagic RWA Tokens that turn dreams into real-ity
Contract Address0x4447aB0CfD03E7554c2E1BE2A75E55AB6Cbae7fe
ChainPolygon, but more coming soon
Total supply100B, with a B

Opportunities to Utilize RAGMI

The first opportunity to earn RAGMI was through Polytrade Realest. The more you engage with the Polytrade ecosystem, the more you win! Be vigilant and find special campaigns, like Releast, in the Polytrade community on Telegram, Discord, & Twitter.

PS: Rack up XP on the Polytrade Loyalty Portal. Periodically, portal users will be given RAGMI airdrops and chances to convert their XP into RAGMI! (pro tip: if you’ve been loyal, check your wallet now, you never know!)

Talk about Polytrade. Talk about RWAs. Talk about $TRADE. We sometimes airdrop RAGMI on Twitter. It happens. Sometimes. But mostly you get XPs on the Loyalty Portal which gives you RAGMI.

Now we are excited to share how rewards will be distributed for Polytrade’s Realest Campaign.

With over 4,900 participants on Zealy, the Realest Campaign has been a tremendous success! A heartfelt thank you to all community members who engaged with the campaign.

The $5,000 reward pool included fantastic prizes such as AnotherBlock’s Music Royalties NFT, PlayStation Gift Cards, Apple Gift Cards, and more. A total of 474,700 $RAGMI was distributed to the winners to convert RAGMI into real-world assets on the Polytrade marketplace.

Guide to Redeeming RAGMI

This is the process of claiming and listing your rewards on the Polytrade Marketplace or redeeming them for gift cards.

Here’s how it works: the top 121 winners have received RAGMI tokens equivalent to their prizes. These RAGMI tokens can be swapped on Polytrade’s Marketplace to unlock the corresponding rewards.

Rewards Breakdown

RAGMI holds a value of 1:100 which means $1 is equivalent to 100 RAGMI.

For instance, if a user finishes in 3rd place, they will receive 50,000 RAGMI tokens, which can be redeemed on the Marketplace for their Apple Gift Card reward.

Additionally, we have airdropped 1% extra RAGMI to support the transaction cost on the Marketplace. Here’s the amount of RAGMI disbursed.

RankRewardsReal World ValueRAGMI Value
1Anotherblock Music Royalty NFT$51051000 + 510
2Play Station Gift Card$50050000 + 500
3Apple Gift Card$50050000 + 500
4Reflections NFT$37037000 + 370
5Anotherblock Music Royalty NFT$25025000 + 250
6 & 7Gaming Asset$19920000 + 200 each
8 to 18tGold$707000 + 70 each
19 to 39Amazon Gift Card$252500 + 25 each
40 to 70RWA Basket$202000 + 20 each
71-1215 USDT$5500 + 5 each

How to Redeem RAGMI?

Check your submitted wallet address during Realest on Polygon for RAGMI. Add RAGMI to your wallet using 0x4447aB0CfD03E7554c2E1BE2A75E55AB6Cbae7fe.

Go to market.polytrade.app

Navigate to the RAGMI store section.

Choose assets that fit under the RAGMI amount you own. Connect your wallet and add the asset to the cart and checkout using RAGMI.

In order to start your redemption process, please follow the below steps:

1. Once you purchase the asset on Polytrade Marketplace, it will show up on your “My Assets” page

2. From the “My Assets” page, you must first unwrap the 6960 into the underlying ERC-721 or ERC-1155. There will be a button to do so under the “Actions” column in the Table. In order to unwrap, you must own 100% of the 6960 asset (all fractions).

3. Once unwrapped, you will get the ERC-721 or ERC-1155 in your wallet. You should now be able to see the same in your account in Opensea and in “My Assets”

4. In order to redeem, you must send the unwrapped ERC to the following address: 0x900d308B6F7f9F7A22d1CCb4Cf1AD9Fb7418Dd48 using your Web3 wallet

5. Once the transaction is verified, please proceed to https://lnk.polytrade.finance/redemption_form

For eg: If you buy USDT using RAGMI, you need to fill out the redemption form in order to receive the USDT in your wallet.

What Else Can You Do?

You can trade and relist your assets. For relisting an asset, you will get an option on the top of the asset listing page to list if you own the asset. Alternatively, you can also relist your asset by going to the homepage and selecting the asset to relist. 

Make the most out of:

🔹 RAGMI credit for 121 winners
🔹 Leaderboard XPs for top 100
🔹 Veteran badge for top 116

PS: Top 100 Reflections and top 100 Leaderboard holders have got RAGMI as well.

More additions coming to the RAGMI store soon. RWAs Are Gonna Make It.

Additional Read: Scalability in RWAs: Breaking Barriers to Global Accessibility

RWAs: Lessons, Trends, and Beyond

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