$RAGE Utility Series: Staking
Introduction
Fantasy sports enthusiasts are passionate about their games and dedicate tremendous time and energy to them. But they cannot help but notice that in the real world their friends are making double and even triple returns staking crypto tokens on DeFi dApps. So even when their player picks are blowing performance out of the virtual sports stadium, fantasy sports gamers no longer have to sit on the sidelines of DeFi.
Gaming and DeFi are the hottest trends on the blockchain, and increasingly popular because they enable more profit sharing with users. The blockchain has democratized gaming. Fantasy sports platforms on the blockchain share the revenue with the players. But if the tokens you earn are sitting idle in your wallet, you may be winning the fantasy sports game but losing a more lucrative investment opportunity.
What is Staking?
Staking is the process of locking tokens in a cryptocurrency wallet. Stakers are guaranteed rewards for depositing and holding coins. These rewards are calculated based on the duration, the longer the stake, the higher the returns.
How Staking works in Rage.Fan
Rage.Fan is DeFi-ing fantasy sports gaming. Gamers can play their favorite fantasy sports while staking and earning interest on their winnings. At Rage.Fan, we offer a higher revenue share of the pool and help you improve your sports team management skills to win more.
Staking Mechanism.
Staking Option 1: Long term (Minimum 30 days)
Staking Option 2: Entry Fee Discounts (Minimum 90 days)
The user can stake a minimum of $100 RAGE to obtain a 7% discount on the entry fee. For e.g., if the entry fee is $50 RAGE, the use can stake $100 RAGE to get a $3.5 RAGE discount. This discount can be obtained unlimited times as long as the stake contract is live. Once the stake contract expires, the user will start paying full price to enter contests.
To wrap up
Passive staking adds the rewards earning power of a double dunk to your wallet. Getting more tokens to stake is easy for true fans. Rage.Fan offers numerous ways to turn your fandom into tokens and earn more.
Go play and stake $RAGE!
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
About Rage.Fan
Rage.Fan is a fan-first decentralized fantasy sports platform where players will have the opportunity to acquire action cards based on NFTs to earn additional in-game points. Players will partake in an Augmented Reality based Token hunt platform to collect $RAGE coins. The platform will also host a one-of-kind Sports Oracle offering reliable secure off-chain sports data.
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