Rain.Credit Tokenomics for Upcoming IDO
$RAIN has a simple distribution model. It’s total supply consists of 800,000 $RAIN. The token distribution is as follows:
- 40% will be sold via presale
- 20% will be used for project development
- 20% will be used to provide Liquidity and yield farming
- 10% tokens will be allocated for team (For 2 years, these tokens will be locked to instill confidence in the community)
- 10% will be used for marketing
Token Breakdown
Max Supply: 800,000 $RAIN
- 40%: $Rain Private & Public Sale
The total allocation for the sale of the $RAIN public and private sale is
(40 percent), which will be further split as 40% for private sale, and 60% for
public sale. All unsold token will be burned or supplied back to the liquidity
pool for yield farming to the benefit of our community. We will allocate funds
raised from sales to the continued development and improvement of the Rain.Credit platform.
2. 20%: Liquidity allocation & Yield Farming
20% of $Rain will be allocated for liquidity and yield farming, which will
be further split as 15% for liquidity farming and 5% for yield farming. The
yield farms will go live 2 weeks after completion of sale rounds.
3. 20%: Rain.Credit Ecosystem Development
We will be building Rain.Credit analytic platform, farm and loans. The development allocation will help us grow our activities, develop and secure our platform. This allocations will help facilitate the development of the 3 key aspect of the $Rain ecosystem. The Rain.Credit farm, Rain.Credit Lending and Rain.Credit analytics platforms.
4. 10%: Team Share of $Rain
For 2 years, our team’s tokens (10%) will be locked. This is a token of confidence that we give our community to show that our top priority lies in the high quality development of the Rain.Credit ecosystem. We will keep the storage of these tokens public through a time lock contract to be shared in due time.
5. 10%: Marketing
Our marketing effort from start will focus on incentivising members of the community who participate in community building, promotion as well as other helpful activities that shares the vision of Rain.Credit. An initial airdrop will be announced through a draw system for members of the community as well as other creative marketing efforts.
Summary
Token name: RAIN
Total Supply: 800,000
Hard cap: $250,000
Private sale: $100,000 (1 BNB = 400RAIN)
Public sale: $150,000 (1BNB = 266RAIN)
Initial market cap on listing: $250,000
Initial circulating supply: 320,000
Use of Sale Proceeds
Exchange Listings: 15%
Operations: 20%
Development: 40%
Marketing: 25%
Private Sale Contribution
1BNB == 400RAIN at $0.625 per $RAIN token
Max contribution per address 10 BNB
Public Sale Contribution
1BNB == 266RAIN at $0.96 per $RAIN token
Max contribution per address 6 BNB
Date for the private sale is slated for the 3rd of March 2021 and 5th of March 2021 for the public presale.
Whitelist your address here
We invite everyone fascinated about blockchain, cryptocurrency, deFi enthusiasts, bnb fans, ethereum fans, all other altcoin lovers and the rest of the world to come join our community in building Rain.Credit: Money without boundaries.
