Tokenomics - $RAG
All about RaggieCoins and its use case
About $RAG - RaggieCoins will be used in every aspect of our project-ecosystem .
- Participate in our community contests and cross server games in Discord
- Mint special collectibles from RaggieStore
- Supply liquidity to Minswap and/or Wingriders to participate in yield farming
- 02 October 2021 - Launched $RAG - the first NFT Gaming Native Token on Cardano
- 23 Dec 2021, we made a significant breakthrough in giving $RAG real utility. We managed to build a payment system which accepts a combination of $RAG+ADA for minting our special 2021 Christmas Edition Festive Raggie NFT.
- 23rd May 2022, we have supplied 10m $RAG liquidity paired with ADA to establish an official pool on Minswap
- 24th October 2022, we finally got our own farm live on a mainstream DEX on Cardano! We managed to launch a triple token yield Mouse Farm on Minswap where our liquidity providers can stake their LP tokens to earn $RAG, $MIN and ADA!
- 11th December 2022, we officially launched our second farm on a mainstream DEX on Cardano! Our RAG/ADA farm is now live on Wingriders! This farm is the result of close discussion between both projects, with an aim at providing equitable value to our holders through an attractive yet sustainable APR. If you're new to DeFi, watch the tutorial in this thread from Wingriders to learn more about how to maximise your yield through farming!
- When our breeding system is implemented, RaggieCoins will be required to apply for a breeder’s licence, and every breeding transaction thereafter will require RaggieCoins. It shall be noted at this point, that applying for a breeder's licence will require a large amount of RaggieCoins (by today's standards at least) and holding multiple (at least FIVE) Raggies.
- In the final phase of the evolution of our project, many of our game, breeding and payout parameters will be decided by community. RaggieCoins, at that point, will also function as a governance token to decide an individual’s voting power.