Launchpool Announces Another New Pop-up-Pool for Hot New DeFi Project, RAI Finance
Our PuPs are breeding, it seems! This absolutely free opportunity for Poolers will go live in a few hours on Wednesday 4pm UTC.
Hot on the heels of TotemFi we bring you Rai Finance, another fantastic DeFi project. A member of the Korean Polkadot Alliance and backed by some big funds such as NGC Ventures and Alphabit, Rai Finance looks sure to be a success. RAI Finance is designed to support the creation of unique assets that do not currently exist in today’s version of liquidity pools. These include and are not limited to tokenized trading strategies, yield generating strategies, and future financial strategies that innovative teams on Polkadot, within the cross-chain environment envisioned by Gavin Wood, are sure to create.
For our loyal community of $LPOOL token holders, it’s yet another of our innovative Pop-up-Pools (PuP), a concept for bringing Poolers access to private tranche opportunities simply by staking their $LPOOL tokens!
Introducing Rai Finance
RAI Finance is a protocol designed to provide DeFi with a wider range of assets, a higher amount of liquidity, and a diverse set of financial use cases. When this feature set is combined with the cross-chain compatibility of the Polkadot ecosystem, it eliminates fragmentation across the existing DeFi ecosystem by bringing a complement of new assets and a higher amount of liquidity to decentralized finance.
This PuP provides our community with access to USD$30,000 worth of tokens at the private tranche price of USD$0.20, which equates to 150,000 $RAI tokens available in the PuP. Please note that we have listened to our community concerns about allocation sizing and have negotiated to make this PuP THREE TIMES LARGER than our previous TotemFi PuP, which is still ongoing.
Our new PuP will open for staking as soon as this post goes live. Rewards will start on Wednesday the 31st at block 12148000 (around 31st Mar 4pm UTC) and end at block 12154500 (around 1st Apr 4pm UTC), for a total of 24 hours staking period. Tokens will be distributed the week commencing 5th of April.
- Name: RHT
- Symbol: RHT
- Decimals: 18
- Rewards: 150,000
- Limit: NO LIMIT
- Start: 12148000 (31st Mar 4pm UTC)
- End: 12154500 (1st Apr 4pm UTC)
- Contract Address 0x636253B86AdcfBb3A1Ac20458ccD3552e4bC3d67
PLEASE NOTE: Removing these tokens from the wallet that you use to mine the holding token rewards will result in the holding tokens becoming invalid. We will not honour the token swap for the real token. You have been warned!
As usual, we provide the standard caveat that this is just the beginning for Launchpool. There are way more PuPs, a positively enormous pipeline for our Phase 2 core product — Allocation Mining Events (AMEs), which we have already announced for Unizen and Mixsome — check these projects out!, and maybe even another surprise or two even before we get past the halfway mark in our 90-day initial farm offering for the $LPOOL token.
About Rai Finance
Rai Finance ($RAI) is a project to establish a decentralized finance (DeFi) ecosystem based on Polkadot blockchain. Rai Finance, combined with Polkadot’s cross-chain technology, is established to complement the problems of building DeFi-based digital assets and supplying liquidity to existing distributed financial ecosystems.
Launchpool ($LPOOL) leverages communities, knowledge, expertise, contacts and capital to provide crypto projects with the best possible start to life, maximising their chances for success in this fast moving & dynamic space.