Rainmaker Games Announces Its Native Token $RAIN Is Staking on Rainmaker Platform

$RAIN is the token behind Rainmaker Video games, a platform devoted to serving to customers all around the globe interact in play-to-earn video games in essentially the most seamless method potential. 25 million rain tokens are at present sitting within the reserve. These tokens are those that went unsold throughout the challenge’s truthful token launch that happened by way of Copper Launch final month.

That reserve is how customers are going to receives a commission for staking their tokens and supporting the challenge. However simply because it’s beginning out with 25 million tokens, doesn’t imply it’s going to remain that method. The challenge would possibly enhance the quantity of $RAIN tokens out there and staking swimming pools as tokens start to vest and get unlocked via the Group Incentives reserve.

Rainmaker Video games goes to make it a lot simpler for players to earn income whereas taking part in video games and interacting with one another, and with staking now stay, it’s going to reward even people who aren’t taking part in video games however are clearly devoted to supporting the platform.

It’s time to study extra in regards to the $RAIN token, the way to stake $RAIN tokens, and what the potential payout is for customers.

The Two Staking Choices That Put Extra $RAIN In Consumer’s Wallets

Rainmaker Video games is giving customers two easy methods to stake $RAIN tokens: single-side staking and liquidity pool (LP) staking.

Incomes $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 full every day rewards offered by the staking reserve. Customers don’t must do the rest to get that 20%.

The opposite choice is to stake via liquidity swimming pools.

LP Staking $RAIN Tokens

Rainmaker Video games is utilizing Uniswap V2 for its liquidity swimming pools. Customers can deposit RAIN-ETH Uniswap LP tokens after including liquidity to the trade. Anyone utilizing a distinct model of Uniswap (V1 or V3) won’t obtain staking rewards, so be sure you use V2. This pool receives 80% of the staking rewards paid out by the Group Incentives reserve.

Staking Bonuses for Making It $RAIN Even Extra

Rainmaker Video games’ staking initiative gives customers with a linear bonus construction that multiplies the variety of token rewards for stakers that lock of their tokens for a set time frame. The longer tokens are staked for, the larger the bonus.

Right here’s a fast have a look at the bonus reward formulation:

1 (commonplace weight) + The Quantity of Weeks locked/52 weeks = The Time Waited Ratio Being Used

Right here’s a fast breakdown of the outcomes the bonuses can yield for customers:

  • No bonus— staker doesn’t wish 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

Directions for Staking $RAIN

Step one to staking $RAIN is to easily log onto the challenge’s staking portal. Customers then join their MetaMask pockets by clicking the Join button within the right-hand nook of the web page. Assist for different wallets is coming quickly.

The following step is to pick the specified staking pool (be sure you’re utilizing Uniswap V2). Earlier than clicking the Stake button, customers can check out the particular particulars of the pool chosen. Clicking the Stake button results in one other display the place the consumer can select both versatile or locked-in choices for his or her staking. Locking in means incomes larger rewards in trade for giving up flexibility.

The Rainmaker Video games weblog presents a extra in-depth step-by-step information to staking.

It’s about to be pouring $RAIN within the crypto gaming world. Players and stakers can be part of the revolution by staking tokens or by following the RAIN neighborhood on Telegram or the challenge’s web site.