💴$RISE

$RISE token is the native token of Sunrise network. $RISE token can be used for fee.

$RISE is preserved as urise in the Sunrise blockchain. 1000000urise in the blockchain means 1 RISE in the real world.

• Ticker: RISE

• Denom in the blockchain: urise

• Alias in the blockchain: microRISE

$RISE can be minted by burning $vRISE 1 to 1.

$vRISE

$vRISE token is a non-transferable token for staking. The staked amount will be calculated as a voting power for the governance.

• Ticker: vRISE

• Denom in the blockchain: uvrise

• Alias in the blockchain: microvRISE

• Supply in genesis block: 1,000,000,000vRISE = 1_000_000_000_000_000microVRISE

Usecases

Staking

$vRISE can be staked to the Sunrise network. The staked amount will be calculated as a voting power for the governance. Furthermore, the rewards for stakers will be distributed in proportion to the staked amount.

Inflation rate schedule

On chain parameters

The actual inflation rate will vary from the target inflation rate according to the bonded ratio.

Max inflation	10%
Min inflation	6%

Off chain parameters

Disinflation rate per year	8%
Converged inflation	2%

Simulations

Low bonded ratio

Year	Inflation
0	10.000000%
1	9.200000%
2	8.464000%
3	7.786880%
4	7.163930%
5	6.590815%
6	6.063550%
7	5.578466%
8	5.132189%
9	4.721614%
10	4.343885%
11	3.996374%
12	3.676664%
13	3.382531%
14	3.111928%
15	2.862974%
16	2.633936%
17	2.423221%
18	2.229364%
19	2.051014%

High bonded ratio

Year	Inflation
0	6.000000%
1	5.520000%
2	5.078400%
3	4.672128%
4	4.298358%
5	3.954489%
6	3.638130%
7	3.347080%
8	3.079313%
9	2.832968%
10	2.606331%
11	2.397824%
12	2.205998%
13	2.029518%
14	2.000000%
15	2.000000%
16	2.000000%
17	2.000000%
18	2.000000%
19	2.000000%

Supported wallet applications

Wallets that support Cosmos blockchains

• Keplr

• Leap

• XDEFI

Command Line Interface (CLI)

• sunrised

Listed exchanges

• Coming soon