UPDATE! We have released a new version of the app fixing claim issues with anyone using metamask available here:** https://rare-claims-v2.vercel.app/
If you are an Alphawallet user v2 has been delayed. Please read our pinned post in our telegram community post for a full update if you would like more information about this development: Telegram: Contact @rarify_community
Have a question? Check out our new FAQS page first! https://rare.fyi/about/faqs/ or join our tellagram group for support @rarify_community
The Rare Coin project is a collection of xDai exclusive Defi applications allowing anyone to earn and claim “Rare Coin” cryptocurrency virtually free via the xDai network. The project consists of two primary apps. The Claiming app (out now) and the Staking App (coming April 2021).
The claiming app allows anyone to earn an equally calculated share of rare coin per day (1 coin per day) and the staking app will allow you to earn Rare dividends for staking your RARE/XDAI pool tokens rewarded for pooling your liquidity on Honeyswap. For a full detailed view the tokenomics check out that dedicated section of this post or get more info on our website here: https://rare.fyi
You can now claim a free share of “RARE” every day until the supply is finished. All you need is a web3 compatible wallet, a few xDai and you are eligible to claim every day! Simply connect to the rarify claiming app (rare.claims) from your favorite defi wallet browser and tap the “register” button to register your address for claiming eligibility for the next period cycle!
Once you successfully register, wait for the timer to expire (aka the block target to be reached) After it expires, a “Claim” button will appear allowing you to claim your final calculated share! You will have up to 24 hours to claim your share after each registration period closes!
After you claim, don’t forget to re-register for the next period’s claim event! You will be able to continue to make claims for the next 50 years when the total supply of the coins will finally be totally distributed. You can start claiming today here: https://rare.claims
There will only ever be 36,500 RARE coins with the final coins being “Farmed” in 2071. Their is no presale or initial distribution. Instead, 2 coins have been slowly dripping once a day from the inception of this smart contract on the xDai chain.
Only Two Rare Coins are released & distributed daily. One coin is sent to the “Claimers pool” where it is equally distributed and the second coin is sent to the “Stakers pool” which is proportionally distributed rewarding the largest contributors of xDai/Rare LP providers on honeyswap *(To still be implemented april 2021).
- Holding Value (as savings) - Very limited supply dripped over a very long time means extremely low sell pressure against exponential demand. This will create the opportunity to earn strong yield fundamentally by just holding against the xDai / USD pair.
- Earning Yield - We will be releasing yield farming on the xDai / Rare pair on Honeyswap which will let farmers earn a yield of nearly up too 127% Apr. This will be one of the stronger Defi yielding apps out there and increase the demand for Rare coin to boost yields in this pool.
- Payments - You will be able to buy lottery tickets, nfts and pay for services on such platforms like the Inside Our Dream network next year just to start (more web connects announced later this year).
We have even more information nows listed on the faqs page on our website! FAQS – Rarify
Our philosophy is simple. Create an ultra-rare currency ANYONE can farm. By equally and freely distributing the currency over time, this ensures mass distribution for widespread ownership of the asset.
There are no secret investors or holders hodling the majority of the supply. Over 99.9% of the supply is fairly distributed. Users and investors create the price based on the exchanges farmers wish to sell on. When you hold some RARE coin you are adopting a currency based on free and fair market values.
By creating an ultra-low-cost, globally accessible, timely distributed coin; we can ensure that everyone, past, present and future, of any class or country, has a chance to claim and earn some rare, ensuring a sustainable and fair cryptocurrency for not only today’s use but tomorrows growth.
We will continue to update heavily update the https://rare.fyi website with tutorials, links, and detailed information about the project over the next month as we get closer to each project goal!
You can also join our telegram news channel to hear up-to-date announcements about the project or share what you discover with others in the community group!