$RAIN is the token behind Rainmaker Games, a platform devoted to serving to customers all world wide have interaction in play-to-earn video games in essentially the most seamless manner doable. 25 million rain tokens are presently sitting within the reserve. Those tokens are those that went unsold in the course of the venture’s truthful token launch that occurred through Copper Launch final month.
That reserve is how customers are going to receives a commission for staking their tokens and supporting the venture. But simply because it’s beginning out with 25 million tokens, doesn’t imply it’s going to remain that manner. The venture may enhance the quantity of $RAIN tokens obtainable and staking swimming pools as tokens start to vest and get unlocked via the Community Incentives reserve.
Rainmaker Games goes to make it a lot simpler for players to earn income whereas enjoying video games and interacting with one another, and with staking now stay, it’s going to reward even those who aren’t enjoying video games however are clearly devoted to supporting the platform.
It’s time to be taught extra concerning the $RAIN token, the way to stake $RAIN tokens, and what the potential payout is for customers.
The Two Staking Options That Put More $RAIN In User’s Wallets
Rainmaker Games is giving customers two easy methods to stake $RAIN tokens: single-side staking and liquidity pool (LP) staking.
Earning $RAIN with Single-side Staking
In single-side staking, customers merely deposit $RAIN straight into the staking pool and earn rewards. The pool pays out 20% of the entire each day rewards offered by the staking reserve. Users don’t need to do the rest to get that 20%.
The different choice is to stake via liquidity swimming pools.
LP Staking $RAIN Tokens
Rainmaker Games is utilizing Uniswap V2 for its liquidity swimming pools. Users can deposit RAIN-ETH Uniswap LP tokens after including liquidity to the trade. Anybody utilizing a distinct model of Uniswap (V1 or V3) won’t obtain staking rewards, so you should definitely use V2. This pool receives 80% of the staking rewards paid out by the Community Incentives reserve.
Staking Bonuses for Making It $RAIN Even More
Rainmaker Games’ staking initiative offers customers with a linear bonus construction that multiplies the variety of token rewards for stakers that lock of their tokens for a set time period. The longer tokens are staked for, the higher the bonus.
Here’s a fast have a look at the bonus reward method:
1 (commonplace weight) + The Amount of Weeks locked/52 weeks = The Time Waited Ratio Being Used
Here’s a fast breakdown of the outcomes the bonuses can yield for customers:
- No bonus— staker doesn’t need to lock their tokens
- 25x bonus— staker locks their tokens for a interval of 13 weeks
- 5x bonus— staker locks their tokens for a interval of 26 weeks
- 75x bonus— staker locks their tokens for a interval of 37 weeks
- 2x bonus— staker locks their tokens for a interval of 52 weeks
Instructions for Staking $RAIN
The first step to staking $RAIN is to easily log onto the venture’s staking portal. Users then join their MetaMask pockets by clicking the Connect button within the right-hand nook of the web page. Support for different wallets is coming quickly.
The subsequent step is to pick the specified staking pool (ensure you’re utilizing Uniswap V2). Before clicking the Stake button, customers can check out the precise particulars of the pool chosen. Clicking the Stake button results in one other display screen the place the consumer can select both versatile or locked-in choices for his or her staking. Locking in means incomes higher rewards in trade for giving up flexibility.
The Rainmaker Games blog provides a extra in-depth step-by-step information to staking.
It’s about to be pouring $RAIN within the crypto gaming world. Gamers and stakers can be part of the revolution by staking tokens or by following the RAIN group on Telegram or the venture’s web site.