Introducing: RCC Liquidity Boost Program
*UPDATE — 10.5.21*
Due to the Uniswap Migration from v2 to v3, we are currently awaiting reasonable gas prices before migrating the RCC-ETH pool to v3.
You can still trade RCC-ETH on the v2 pool whilst we await reasonable migration conditions. You will still receive RCC Liquidity Program rewards!
More information coming soon…
The Reality Clash community can now participate in a new liquidity pool for RCC/ETH on Uniswap!
For all our supporters of the ICO and in the spirit of DeFi, we will also be looking to further improve market liquidity through a Liquidity Boost Program on Uniswap.
The RCC Liquidity Boost program will be launched alongside the Uniswap pool which you can find here: https://info.uniswap.org/pair/0x5ffd9ed0f5c7355168c6db47469221811309c695
How the program works
There are three amazing reward programs
You will get a percentage of the fees generated by RCC-ETH trading. The fees you receive from Uniswap are based upon the percentage of the pool that you own. Simply put, the higher your percentage of the pool, the more fees you will accrue. The more trades that occur on uniswap, the greater the fees will be received. These fees go back into the Pool and can be withdrawn at anytime.
Reality Clash bonus
There will be 50,000 RCC per month distributed to pool participants on a pro rata basis of the pool.
Traders who provide liquidity to the RCC/ETH pair starting today will also be eligible to receive exclusive NFT’s worth hundreds of dollars based on how long you keep your RCC/ETH in the pool.
The NFT’s will be across the Reality Gaming Group portfolio of games
Click here to see information about the NFTs
Becoming a Liquidity Provider (and the rewards!)
Anyone can participate in the Uniswap RCC economy as a Liquidity Provider. You can learn more about what a Liquidity Provider is here: https://uniswap.org/docs/v2/core-concepts/pools/
Please be aware that nothing is without risk, as a LP, you can experience ‘impermanent loss’ as a result of price volatility. This means if the price of RCC outperforms ETH, your pool share may leave you with less RCC and more ETH than when entering (and vice versa)
DYOR before participating in any staking, liquidity provision or other defi mechanism.
How to become an RCC Liquidity Provider
Firstly you must stake RCC along side the equivalent amount of ETH.
There is no minimum stake in order to receive Uniswap fees and Reality Clash Coins. You can stake as much or as little as you want.
In order to participate in the NFT rewards program you would need to stake a minimum of $200 worth of RCC. For example, if 1 ETHER is worth $1000 then you would stake around 0.19 ETHER /40,000 RCC.
Use the following link to participate in the RCC-ETH pool and earn fees + special rewards.
You must have RCC and Ether in your wallet. If you have not purchased RCC please see this post on ‘How to Purchase RCC’
Once you have RCC and ETH in your wallet then connect your wallet.
Insert the amount of RCC that you wish to contribute to the Pool, in our example, we’ll use 5000 RCC. The equivalent value of ETH is then calculated and will be added to the pool as part of your liquidity provision. Select ‘Supply’ to proceed.
You will see the amount of estimated Output you will receive and the estimated share of the Pool which you will own. Hit ‘Confirm Supply’ to proceed.
After you’ve confirmed, you’ll be notified by your wallet to confirm the transaction. You must then wait for this to process on the network.
When the transaction is confirmed, you’ll see a confirmation pop-up appear on the Uniswap interface and via your wallet provider.
That’s it, you are now an RCC liquidity provider!
You can then visit: https://app.uniswap.org/#/pool to see the Pools you are contributing to. You should see the RCC/ETH pool on your list and you will begin to accrue fees immediately when other users trade on the pool.
Take a look at the great rewards you will receive in this feature.