PRESS RELEASE. Toronto, Ontario, Canada, March 19th 2021 – Affinity Design – Rarify Apps just launched a new deFi application only possible on layer 2 tech. After only a week since the claiming app debut, the price of Rare Coin soared well over 1000 USD on the Honeyswap DEX after the app garnered over 3 thousand daily active claimers. This was all possible due to xDai chain’s speed and low fees that let users claim a small fraction of “Rare” for only ten cents per claim.
As gas fees on Ethereum continue to rise, yield farming on the platform has begun to wreck yield and make it outright impossible for the little guys to earn a fair share. By building on the xDai chain (a stable coin layer 2 solution) the barriers of cost to entry are eliminated as fees are fractions of a penny and can transact in under 5 seconds. This makes it possible to distribute the total supply of “Rare Coin” to anyone who makes a daily claim on the rare.claims app (available now) or earn more for locking up your Rare & xDai in our Staking app (coming April 2021).
What makes Rare Coin so rare is the fact that only 2 coins are released and distributed every day with the last coin due to hit the market in 2071.
There is no presale or initial distribution. Instead, 2 coins are slowly dripped once a day from a smart contract on the xDai chain. One coin is equally divided to the daily Claimers and one coin is weighted distributed to the weekly Stakers.
The distribution mechanics has been hardcoded into the smart contract since its initial release in February 2021. This makes Rare Coin extremely rare, super fair, and cheap to earn a share! All you need to claim is to have an xDai compatible wallet connected to the xDai chain, own a few xDai and you can start earning Rare today for virtually free! If you want more than a small share a day, then make sure to buy more while you still can! More info on https://rare.fyi
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