RaceFi

<blockquote>We are so excited to introduce our first feature of Dapp — Racefi Staking Program.</blockquote>Introducing Phase 1 of Staking ProgramRacefi recently launched the Genesis, Citrin and Quintus NFT collection and yes, received great support from the user community. In the current state of the market, we know it’s right to continuously build products and empower our community, and this more than ever will help RaceFi reach even bigger milestones.We want to make sure that your $RACEFI tokens generate income for you as you hold them as a long-term investment with the strongest belief in our journey. And it’s time now to move forward by integrating and introducing the ultimate tool to earn more rewards with RaceFi.What is Staking ?Staking in short offers crypto holders a way of putting their digital assets to work and earning passion income without needing to sell them. And from now on, you can start earning rewards with RACEFI.Understanding RACEFI’s StakingRaceFi offers users 2 different options with different pools<h2 id="header-0">1. $RACEFI / $RACEFI POOL</h2><ul><li>Reward: Daily distributed</li><li>Release date: August 2022</li></ul><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7c94eb13d43f4b07b0ae411a5c18e708.png" />The quota of 1,000,000 $RACEFI.The minimum locked amount / users: 1,000 $RACEFI / 20 usersThe maximum locked amount /users: 50,000 $RACEFI / 1,000 usersAnd this will be fixed with 3-duration pools below:<ol><li>30-day locked pool: Once you have staked in this pool, you will need to wait for 30 days until you can unstake it. This pool allows you to earn a fixed APR of 25.7%.</li><li>60-day locked pool: Same as above, you will need to wait for 60 days until you can unstake the assets. This pool allows you to earn a fixed APR of 41.5%.</li><li>90-day locked pool: This is the pool with the longest lockout period &amp; you can only unstake after 120 days. However, the reward is worth this wait! This pool offers you the highest yield of 65.2% APR.</li></ol>The total staked value is 3,000,000 $RACEFI for 3 options. When it hits the total staked value, all pools will be locked, hence no one can stake. The longer the locking period is, the more $RACEFI you will be granted.Note: You should remember that pools will only be open for deposits for a period of 2 weeks, if the number of locked amounts reaches the target, the pool can completely close for depositing earlier than the notice time.<h2 id="header-1">2. $RACEFI / $SOL POOL</h2>So this is the most fascinating part, along with the $RACEFI / $RACEFI Pool, we will release the $RACEFI / $SOL Staking feature which enables users to gain $SOL bonus by depositing your $RACEFI<ul><li>Reward: Daily distributed of total 200 $SOL</li><li>Release date: August 2022</li></ul><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6d05305e6b4249e9b77b4abbafe6a4d7.png" />180-day locked pool: You can only unstake after 180 days. This pool offers you the APR of up to 40.42% with rewards distributed daily.APR &#61; (Price RaceFi * Lock Value) / (Price SOL*200) / 180 * 365The total award distribution: 200 $SOLThe minimum / maximum amount of tokens locked: 5,000 $RACEFI / 100,000 $RACEFIThe bigger your position, the more $RACEFI and $SOL you get back &#x1f609;Sounds appealing ? Just stake $RACEFI &amp; you’ll have more $RACEFI &#43; $SOL in your pocket!Note: You should remember that pools will only be open for deposits for 1 week, if the number of locked amounts reaches the target, the pool can completely close for depositing earlier than the notice time.<h2 id="header-2">SPECIAL BONUS</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/53791b603f094ffebc63c17812286b75.png" />But the most interesting things do not stop here, to incentivize and kick-off the launch of the program, we also offer you guys Special Bonuses ($500)— only for Racefi’s community &#x1f607;Special Bonus will be equally distributed among the following subjects:<ol><li>TOP 20 stakers on our leaderboard (20 winners)</li><li>TOP 10 first stakers of each pool (40 winners)</li><li>Random 10 wallets of each pool with $RACEFI staked amount as a multiple of 3000. (40 winners). This means that for every 3000 $RACEFI staked, you can claim a lucky lottery ticket and get a chance to share Special Bonus (maximum 4 tickets per wallet)</li></ol>Keep an eye out for the next announcement! We will be launching a detailed staking guide soon!

RACEFI STAKING PROGRAM Phase I

Table of Contents

RaceFi

Other articles published on Sep 12, 2022

Crypto Update news 11, Sep: Bitcoin At Resistance, LUNA 10 Percent Down

OMAX Coin (omax chain and BEP20) Listed On XT.COM Exchange.

BYEPIX ICO ANNOUNCEMENT

The introduction of Genesis NFT Collection.

CleanSpark Acquires Mining Facility in Georgia For $33M

Cryptocurrency Market to Witness Two Major Events This Week

Join our free newsletter for daily crypto updates!