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What is The Root Network and $ROOT

The Root Network is a layer 1 blockchain designed as a hub for the open metaverse. Purpose-built for open metaverse activations, utilizing core, UX, and digital content focused protocols to enable seamless user experience and enhance content interoperability. The Root Network features include account abstraction and any token gas economy, enabling some of the world’s largest content brands to onboard users seamlessly and safely. The Root Network is EVM compatible, built on Substrate, integrated to XRPL and ETH with other networks on the horizon, allowing content on those networks to access deeper functionality and interoperability.

ROOT is the native token of The Root Network. Used for securing the proof-of-stake network, network fees, and as a base currency within the network.

Refer to the Tokenomics section for more information on supply and distribution.

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Storing and Acquiring ROOT

You will first need a cryptocurrency wallet to store, trade, and receive ROOT tokens. ROOT tokens are available natively on The Root Network as well as ERC-20 on Ethereum.

FuturePass: Your native smart wallet on The Root Network, powered by Futureverse. It’s just like using your Ethereum wallet; safe, secure, with account delegation for enhanced security, and multiple wallet integration options for interoperability.

In order to transfer ROOT tokens to and from The Root Network, they will need to be bridged using the FuturePass Dashboard.

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Where to buy ROOT

There are several ways to purchase ROOT, through centralized exchanges (CEX) and decentralized exchanges (DEX).

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Centralized Exchanges (CEX)

ROOT is currently listed on the following centralized exchanges. It’s important to note some exchanges list native ROOT and some the ERC-20 variant, ensure you are aware of which variant you are purchasing.

Centralized exchanges with native ROOT

Note: If you have purchased native ROOT from one of these exchanges you can transfer directly to your FuturePass or the EOA associated with your FuturePass. We always recommend a small test transfer first.

Centralized exchanges with ERC-20 ROOT

IMPORTANT NOTE: Never send your tokens directly across different blockchains. Always utilize the Bridge when transferring between networks. Your FuturePass address is only accessible within The Root Network and any ERC-20 tokens sent to your 0xffff (FuturePass) address without using the bridge will be lost.

Before bridging to The Root Network, you will need to send the ROOT tokens to an Ethereum wallet (EOA) that you hold the private keys for (e.g MetaMask, Wallet Connect, Coinbase). Once you have the ERC-20 ROOT tokens in your self-custody wallet, bridging can be completed in your FuturePass dashboard.

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Decentralized Exchanges (DEX)

You can purchase ROOT through decentralized exchanges (DEX). As with the centralized exchanges, there are both native and ERC-20 ROOT decentralized exchanges.

Decentralized exchanges with native ROOT

Users should first acquire funds on The Root Network either through withdrawing from CEXes with native ROOT or ERC-20 ROOT via the bridge (see ‘How to Bridge’ section below).

These DEXes are also an avenue for users to purchase other tokens on The Root Network like ASTO and $XRP.

Decentralized exchange with ERC-20 ROOT

IMPORTANT NOTE: Always be mindful of slippage and price changes when making trades. Please review your transactions carefully before executing them.

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How to Bridge ROOT

ROOT can be bridged between The Root Network and the Ethereum blockchain. If you purchase tokens from CEX with ERC-20 ROOT, you will need to send the tokens to a self-custody Ethereum wallet and then bridge your tokens to The Root Network to get them into your FuturePass. To do this you can follow the below steps:

  1. Log into your FuturePass dashboard.
  2. On the ‘Stuff’ page click on the ‘Tokens’ tab.
  3. Click on ‘Bridge’.
  4. Under ‘Token Name’, select the ROOT you wish to bridge, the small icons signify what chain the tokens are on.
  5. Enter the amount you wish to bridge.
  6. In the ‘Destination Address’ ensure you are bridging to the desired address.
    1. If bridging to The Root Network it should default to your FuturePass address
    2. If bridging to Ethereum blockchain it should default to your EOA wallet address
  7. Click ‘Bridge’.
  8. Approve the transactions. It will take approximately 15-20 minutes for the tokens to bridge.
  9. If bridging ROOT from The Root Network to Ethereum, there is one additional step. You will need to navigate to the ‘Activity’ tab and ‘claim’ your bridged ROOT. Note: when bridging to the Ethereum network, there will be an Ethereum gas fees to claim the bridge.

For questions and support please contact: support@therootnetwork.com.