RarifyApps just launched a new high yield DeFi application made possible by the xDai Stake Ethereum sidechain. After only a week since the app debut, the price of Rare Coin nearly doubled while the rest of the market tumbled on the Honeyswap DEX as users rushed to the app to lock in liquidity to earn yields up to 700% Apr in the Rare Stakers app. This is all possible due to Rare Coin’s unique tokenomics which reserves 50% of the total supply exclusively for Stakers while the other 50% is openly and equally distributed daily in the Rare Claimers app. But that’s not all, additional yield is generated by trading fees in the Honeyswap dex, fees generated by the app itself, and direct profit-sharing from a growing list of other apps by the developer like the Rare Lotto App coming in June 2021.
As gas fees on Ethereum continue to rise, yield farming on the platform has begun to wreck yield and make it outright impossible for the little guys to earn a fair share. By building on the xDai chain (a stable coin layer 2 solution) the barriers of cost to entry are eliminated as fees are fractions of a penny and can transact in under 5 seconds. This makes it possible for us to distribute the total supply of “Rare Coin” to anyone who makes a daily claim on the rare.claims app or earn a high-interest yield for locking up your Rare & xDai in our Staking app.
The Rare Staking app is powered by Rare Coin Currency. What makes Rare Coin so valuable is its limited supply, open distribution, and accessibility. Only 2 coins are released and distributed every day with the last coin due to hit the market in 2071. There was no presale or initial distribution. Instead, 2 coins are slowly dripped once a day from a smart contract on the xDai chain. This makes Rare Coin extremely rare, super fair, and easy to earn a share!
All you need to start earning yield is to have an xDai compatible wallet like Metamask, own a few xDai, and a bit of Rare and you can be earning high yield on autopilot today. More info about the staking app can be found here! https://rare.fyi/about-staking
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