Spec

RedPill's Tokenomics comprise two tokens: Wrapped LLM tokens and $Pill.

$wGPT, $wLLaMA & $wClaude

$wGPT

What’s wGPT

• Description: $wGPT is a Wrapped token from OpenAI, 1:1 pegged with the utility for ChatGPT multi models. Redpill protocol will help users to wrap tokens from centralized LLM platforms into cryptos.
• Network:
• Standard:
• Utility: Used by platform users to access and consume RedPill API services, $GPT functions as the primary currency within the platform.
• $wGPT & OpenAI Token Exchange Rate

<aside> 💡 1 wGPT = 1 GPT-3.5 Turbo input token OpenAI Pricing

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$Pill

$Pill Points

• Description: The centralized point issued by the platform, is designed for rewarding community contributions and enabling governance.
• Utility: $Pill serves as an over-collateralized requirement for nodes to wrap $wGPT, ensuring a balanced and secure token ecosystem.
• $Pill & USD Exchange Rate

<aside> 💡 Now 1 $Pill = USD 0.5

❗️This valuation is solely for facilitating exchanges and interactions with the wGPT token during the testnet phase and does NOT reflect the future market price of $Pill.

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How to Get **$**Pill Points?