About the re:water ICO
Re:water is Сompetitive MULTISTAKING PLATFORM created on a private blockchain network designed to provide utility function for *all tokens on the market.
The platform unfolds as a limited digital surface where people can compete for their APYs and even take away big bucks from whales. Exploit inner community-building tools and strengthen your native token.
re:water network is a Cosmos based blockchain with additional proprietary smart contracts implementing its gamified crypto Colosseum logic. The network runs on Tendermint Proof-of-Stake (PoS) consensus mechanism Water (WTR) is the native utility coin that is used for: Mining Rainwater drops Attacking Tiles of others to loot their assets Defending your property in a conflict auction Gaining reach on the communication platform
As well as: Fees for processing transactions. Running validator nodes on the network via staking WTR coins. Used for governance votes to determine how network resources are allocated.
\ What is re:water metaverse? re:water introduces a virtual planet that invites *any crypto tokens to gain DeFi features as well as provides tools to organize crypto communities to compete and even conduct Politics. Three main entities are forming the environment of re:water: The Planet (NFT surface) The Global Cloud The Crypto Rain
The Planet The surface is divided into 516,000 Tiles that are NFT tokens available for purchase or capture through the conflict auction.
The Global Cloud The Cloud is the shared repository of Water coins serving the users of the system. An unprecedented 84,77% of WTR coins remain undistributed in the Cloud upon the project’s launch. It is not in control of anyone and it automatically operates on the predetermined set of rules.
The Crypto Rain
Rain is a natural-like algorithm that distributes portions of water coins among activated Tiles once in 1-10 days.
\ How Many WTR Coins Are There? re:water launched its mainnet on December 23, 2021, with 156 billion WTR coins created at genesis. Of which 84,77% of the total WTR coin capacity remains undistributed. WTR coins are earned through proprietary “staking” inside Tiles. Every 1-10 days the crypto rain distributes WTR among the Tiles that have sufficient assets staked inside the Tile. The more assets are staked inside a Tile the higher is its Gravity and the more WTR coins it draws from Rain.
\ What Makes re:water Unique?
The platform is a cross-chain infrastructure, allowing users to use *any existing tokens to participate in the staking and conflict for assets’ ownership. Unique “mining” principle. One can get a hold of an NFT Tile and earn water rewards from Rain passively !84,77% of the total WTR coin capacity remains undistributed. Reversible coin supply. Water used in conflicts for assets evaporates back to the Cloud, draining current circulation re:water has created an eco-fund, which is supplied from wars on the platform to improve pure water global conditions.
\ Is taking risks game risks is the only way to benefit from WTR coin?
Participating in re:water metaverse surely provides the most beneficial outcomes for WTR owners, but If you are now willing to take any additional risks there are other ways to profit in the re:water ecosystem.
Holding Water. The demand for Water originates from the conflict auctions. The more conflicts there are, the more Water deficit there will be in circulation. I.e. for defending your property. Use Water outside of re:water ecosystem by offering it as liquidity on decentralized exchanges. Own an NFT Tile. Tiles draw water from Rain and will always be in demand for the players. Stake your water in the validating Node. Everstake partners with re:water to service its delegates' stakes.
\ Related Pages: Find out more about the launch of re:water on the official pages on Twitter and Telegram. And see re:water website to learn more about the mechanics in the crypto metaverse of re:water.