$RAGE Utility Series: Augmented Reality (AR) Token Mining

RageFan
RageFanLabs
Published in
3 min readFeb 24, 2021

Rage.Fan is a fan-first decentralized on-chain fantasy sport and quizzing platform built on blockchain technology. The gaming platform aims to revolutionize how online fantasy games are played by making them more engaging, fun, and rewarding.

Today’s online fantasy sports industry trades on unsubstantiated promises of getting rich quickly to milk maximum value from customers. Rage.Fan aims to address this lack of transparency and ensures participants get maximum benefit.

About $RAGE, a Rage.Fan native token

The platform has a native token ($RAGE) that serves the dual purpose of “play system” and “community governance” to support the simplified fan-first experience. Fans get incentivized to participate in highly engaging fantasy games and quizzes to earn rewards.

Rage.Fan is taking the utility of their token to the next level via AR Token Mining. The idea is very simple — participate more and more in virtual games & activities and earn $RAGE. The earned $RAGE then can be used to participate in fantasy games, quizzes and unlock other associated benefits.

How AR token mining works

Pokémon Go essentially inspires this unique AR token mining method, but Rage.Fan is set to bring out its flavor so that our fans can enjoy rewards in a unique way, and earn $RAGE through several ways as outlined below:

On the map:

The coins will be placed on the map in locations near the participants, and they can go to the location of the coin physically and collect the coins. The person has to be within 20 meters to collect coins.

The coins will have difficulty levels to increase excitement.

  • Level 1 [Indefinite validity]: Coins worth 10 $RAGE will be available for the fans to collect anytime
  • Level 2 [7-day validity]: Coins worth 20 $RAGE will be available for the fans to collect during the seven days. The coins will expire after this period.
  • Level 3 [Special coins]: Coins worth 50 $RAGE will be available for the fans to collect on special occasions such as Christmas, new year, Black Friday, Diwali, etc. The availability will be for the day announced in the app.

In sporting events:

The coins will be placed in the sports arena to be mined. Any user who visits to enjoy a sport can also mine the token during the game. The rewards will vary from 10 $RAGE to 100 $RAGE depending on the match.

The fantasy sports ecosystem as a whole is in a cusp of transformative change. The fans today are more aspirational and want to be heard. They envision themselves being engaged with the sport and the sportsperson they love in a completely new way. They want to get closer and experience the sports in a manner that has never been done before. This in turn would require some innovative delivery models in terms of what is being offered and how it is being offered.

Rage.Fan is completely committed to democratize this fantasy sports ecosystem. It aims to offer fantasy sporting experience to the fans in a completely new manner wherein customer experience is at the forefront. It aims to bring fans closer by empowering them not only to be expressed but also to be heard.

Follow our media handles to stay connected with our latest developments:

· Visit our Website

· Read our Medium articles

· Join our Official Telegram Group

· Follow our Telegram Official Channel for updates

· Follow us on Twitter

Disclaimer : The reward values mentioned in this article are solely at the discretion of Rage.Fan and the team reserves the right to change them at their discretion

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RageFan
RageFanLabs

Rage.Fan is a fan-first decentralized sports platform built on Polygon/MATIC, offering Sports Utility NFTs, NFT Staking, Daily Fantasy Sports (DFS), Scramble