Lets Learn About Some Important Features.
Stake Assets & Earn Rewards
Upgrade Default Staking Rates
Spend Rewards On New NFTs
Acquire A Collection & Earn
When RAREcity NFTs Are Minted Or Transferred They Are Automatically Staked To The Recipients Wallet, Check The RAREcity Dapp To See Which Assets Are Being Staked.
The RARc Tokens Is Minted On Demand And Can Only Be Unlocked Through Staking, The Total Supply Will Start At 0 And Unlock Till All 10 Billion Tokens Are Minted.
The RARc Token Will Act As A Reward For NFT Hodlers Wanting To Expand Their Digital Collectible Empire, The RARc Token Has No Inherent Value Outside Buying And Levelling NFT Assets Available In The RAREcity Ecosystem.
The RARc Token Will Be Primarily Used To Buy Available NFTs In The Shop Section Of The RAREcity Dapp Or Used For Levelling Default Staking Rates.
– 50% Of Tokens Are Burned
– 50% Are Sent To RARc Wallet, Used For Airdrops Developments And Future Dapps.
With a Successful Level Upgrade, An Assets Default Staking Rate Is Added Upon Itself To Create A New Rate, There Are 10 Achievable Levels To Unlock.
Example 1:
Asset 1, Has A Default Staking Rate of 1.
– Each Time A Level Is Unlocked 1 Is Added To Create A New Rate.
– Over 10 Levels This Asset Can Reach A Staking Rate of 10.
Example 2:
Asset 2, Has A Default Staking Rate of 2.
– Each Time A Level Is Unlocked 2 Is Added To Create A New Rate.
– Over 10 Levels This Asset Can Reach A Staking Rate of 20.
The Levelling price is determined by the assets current staking rate, calculate and add 3 zeros to the assets staking rate to get a levelling cost.
Example 1:
If An Assets Staking Rate Is 1 Then The Levelling Price Will Be 1,000 RARc Tokens.
Example 1:
If An Assets Staking Rate Is 2 Then The Levelling Price Will Be 2,000 RARc Tokens.
Using A Random Number Generator Built Into The Smart Contract, assets of lower stature will be Difficulty to level Up. If you are unsuccessful in your levelling process Your Tokens Are Burned And Can Not Be Redeemed.
Level 1 – Start
Level 2 – 30% Success
Level 3 -40% Success
Level 4 – 50% Success
Level 5 – 60% Success
Level 6 – 70% Success
Level 7 – 80% Success
Level 8 – 90% Success
Level 9 – 100% Success
Level 10 – End
Stake Assets & Earn Rewards
Upgrade Default Staking Rates
Spend Rewards On New NFTs
Acquire A Collection & Earn