Rainmaker Games Announces Its Native $ RAIN Token Stakes on the Rainmaker Platform
$ RAIN is the token behind Rainmaker Games, a platform dedicated to helping users around the world participate in games to win in the most transparent way possible. 25 million rain tokens are currently in the reserve. These tokens are the ones that weren’t sold during the project’s fair token launch that took place via Copper Launch last month.
This pool is how users will be paid for staking their tokens and supporting the project. But just because it starts with 25 million chips doesn’t mean it’s going to stay that way. The project could increase the amount of available $ RAIN tokens and staking pools as tokens begin to be acquired and unlocked through the Community Incentive Pool.
Rainmaker Games is going to allow players to earn a lot more income while playing games and interacting with each other, and with the now live staking, it will reward even those who don’t play games but are clearly dedicated. to support the platform.
It’s time to learn more about the $ RAIN token, how to stake $ RAIN tokens, and what the potential payout is for users.
The two staking options that put more than $ RAIN in users’ wallets
Rainmaker Games offers users two easy ways to wager $ RAIN tokens: one-way staking and cash (LP) staking.
Earn $ RAIN with Single Side Staking
In one-way staking, users simply deposit $ RAIN directly into the staking pool and earn rewards. The pool pays 20% of the total daily rewards provided by the staking reserve. Users don’t have to do anything else to get that 20%.
The other option is to bet through cash pools.
LP Staking Tokens $ RAIN
Rainmaker Games uses Uniswap V2 for its cash pools. Users can deposit RAIN-ETH Uniswap LP tokens after adding liquidity to the exchange. Anyone using a different version of Uniswap (V1 or V3) will not receive staking rewards, so be sure to use V2. This pool receives 80% of the staking rewards paid by the Community Incentives reserve.
Staking bonus to make even more $ RAIN
Rainmaker Games’ Staking Initiative offers users a linear bonus structure that multiplies the number of token rewards for stakes that lock their tokens for a set period of time. The longer the chips wagered, the greater the bonus.
Here’s a look at the bonus reward formula:
1 (standard weight) + The number of weeks blocked / 52 weeks = The waiting time ratio used
Here’s a quick breakdown of the results that bonuses can produce for users:
- No bonus– the staker does not want to lock his tokens
- 25x bonus– the staker locks his tokens for a period of 13 weeks
- 5x bonus– the staker locks his tokens for a period of 26 weeks
- 75x bonus– the staker locks his tokens for a period of 37 weeks
- 2x bonus– the staker locks his tokens for a period of 52 weeks
Instructions for staking $ RAIN
The first step in $ RAIN staking is to simply log into the project’s staking portal. Users then connect their MetaMask wallet by clicking the Connect button in the right corner of the page. Support for other wallets will be available soon.
The next step is to select the desired staking pool (make sure you are using Uniswap V2). Before clicking the Stake button, users can view specific details of the selected pool. Clicking on the Stakeout button takes you to another screen where the user can choose flexible or locked options for their stakeout. Locking in means earning greater rewards in exchange for giving up flexibility.
The Rainmaker Games Blog has a more in-depth step-by-step guide to staking.
He’s about to pour $ RAIN into the world of crypto games. Players and interested gamers can join the revolution by throwing tokens or following the RAIN community on Telegram or the project website.