HOW TO STAKE RITE FOR REWARDS ON ALLIANCE
ritestream has recently introduced ritecoin to the world, the token powering an exciting new democratized future for the creator economy. As of today, holders can put their tokens to work, earning rewards — over 90 or 365 days — for staking via our partner, Alliance Block.
Here’s how you get started.
1. Visit the official staking page on Alliance Block https://ritestream.defiterm.io
2. Connect Wallet (make sure it is set to “Binance”) and on the left-hand side menu, click on the ‘Staking’ drop-down and then ‘Active campaigns’
3. Decide your preferred staking duration (90 or 365 days)
4. Approve access to the tokens within your wallet
5. Enter the amount of $rite you wish to stake
6. Approve in your wallet to complete the process.
And that’s it, you are done!
When the transaction is completed, you will be able to see your active staking campaign on your dashboard.
Our community moderators are on hand to answer any questions you may have in the official ritestream Telegram & Discord channels. However, you may find the answer you’re looking for in our short FAQ, below:
Can I unstake my token at any time?
No, this is not possible due to the design of smart contracts. You have to wait until the duration of the campaign ends.
I am unable to stake, why?
100% limit means that the campaign is full and no further staking can take place.
When the Staking Campaign finishes, will I receive my tokens automatically?
No, you will have to first unstake your LP tokens and than remove them from the Liquidity Pool. Both steps come with transaction fees.
I have withdrawn my tokens, but I still don’t see them in my wallet?
After you hit the withdraw button, a cool-down period will be activated and shown in the bottom left corner before the tokens become available.
Are the rewards included in a compounding calculation?
There is no auto compounding in the current version of Alliance.
Is there a minimum APY?
Yes, there is a minimum APY when the campaign is 100% full: 90 days (30% APY) 635 days (60% APY)
Will you receive staked rewards weekly?
Yes, and you can see the status of current weekly rewards within your dashboard.
NOTE: We have noticed that trying a different RPC URL setting in MetaMask for the BSC network might help should you experience issues with viewing staking pools. You know, just in case.
ritestream is proud to have partnered with AllianceBlock to offer staking to ritecoin holders. You can find out a little more about them and view their social channels using the links below.
AllianceBlock is bridging the gap between decentralized finance and traditional finance, by remedying issues that exist in both spheres and linking them more closely together. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
Building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to seamlessly access the DeFi space.
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