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Author Topic: [ANN] 💧RAIN Network [RAIN] 💧 - Decentralized Autonomous Rewards Platform  (Read 269 times)
kyleintheclouds
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June 23, 2020, 04:05:55 AM
 #1




WHAT IS RAIN Network?

RAIN Network is a decentralized, autonomous rewards platform operating on the Ethereum blockchain via smart contract.

HOW DOES THE STAKING WORK

Each transfer of RAIN between Ethereum addresses initiates a 1% tax. This 1% tax is then distributed to stakers autonomously and the rewards are proportionate to the amount of tokens a user has staked.

WHAT ARE THE REQUIREMENTS FOR STAKING?

The minimum amount of tokens required is 1,000 RAIN. Once a user has that amount staked, they will instantly earn rewards from every transaction (as long as the token is being transferred or being utilized in some way. There is no fee (other than gas to process the TX) to stake or to collect rewards. However, there is a 1% tax to unstake your staked tokens.

RAIN Tokenomics

-Fixed Supply: 1,000,000,000 (1 Billion)
-Transfer Tax: 1% for each transaction
-Staking Rewards: 1% of all the transactions made will be distributed among stakers proportional to the amount they are staking.
-Staking Fee: A 1% fee is incurred upon “unstaking” your tokens. The amount is then distributed to remaining stakers.
-Decimals: 18

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CaVO32
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June 23, 2020, 08:05:10 AM
 #2

From these current 113 addresses (holders) of your rain token, how many of them or at least what percentage of this was bought by external parties? What I meant here = how many have purchased your RAIN tokens or is it owned mostly by your team at the moment? But it says on your website, 0% is allocated to the team. Please explain how come you will allocate 0% to your team? How are you going to develop this platform without anything for your development? Or is this just a trick term?

??

nutildah
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June 23, 2020, 12:18:23 PM
Merited by Slow death (2), marlboroza (2)
 #3

Okay, so its a Ponzi scheme by a serial ponzi maker. That's great. What a waste of a Copper Membership.

From the group's discord:
Quote
🚨 RAIN TOKEN is a rugpull by SpydrZero, founder of pyro network and Unidollar. He JUST ripped liquidity from Unidollar today (a measly 6eth) and went ghost on his investors. Can head over to the unidollar telegram and see the aftermath once he pulled liquidity today.. shitshow. Spydr has a long history of abandoning projects, has ZERO understanding of tokenomics.. This project is a clone of Unidollar (which he held 18m tokens of across multiple wallets) and is a poorly coded contract that results in nearly 1/4 of a transactions to fail. Let this be a warning! And if you decide to roll the dice, at least you know where to go looking when lose your eth

This ANN post was created 30 minutes after SpydrZero's last login. Hours earlier SpydrZero announced he had "removed his liquidity" from the Unidollar project. It has dropped 88% in price over the last 4 days. From the Unidollar TG group today:

Quote
Nice. It seems a lot of the community is interested in RAIN Network from the pms im getting. All I can say is I am not affiliated with the project but they seem to be going in a good direction. I am not out to hate on any project. I want to see crypto flourish as a whole.

They both have identical smart contracts (except for total number of tokens) and use the same Uniswap token swap service. The websites were designed using different builders but they both use the same font scripts.

Hmm.





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kyleintheclouds
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June 23, 2020, 07:32:08 PM
 #4

And you post all of this on RAIN Network for?

The community knows I forked the project. For you to come and post FUD from outside community fudders makes it seem that you are only on this thread to FUD.


It also seems that you have a lot of time to post on this thread but only decided to AFTER FUD was put in our social chat channels. This seems like you are associated with the FUD.

If not, then I apologize.
---

If you have legitimate questions about RAIN Network, please feel free to post.
kyleintheclouds
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June 23, 2020, 07:34:54 PM
 #5

From these current 113 addresses (holders) of your rain token, how many of them or at least what percentage of this was bought by external parties? What I meant here = how many have purchased your RAIN tokens or is it owned mostly by your team at the moment? But it says on your website, 0% is allocated to the team. Please explain how come you will allocate 0% to your team? How are you going to develop this platform without anything for your development? Or is this just a trick term?

??

We have to buy like everyone else. That is what makes this concept of Proof of Liquidity somewhat unique. Instead of us getting FREE TOKENS like ICOs, we distribute 100% of the project via Uniswap and then everyone, including us has to buy.

I also sent 100% of the liquidity token to the ETH Burn address so I do not have any ownership or the liquidity pool. This prevents me from scamming out and stealing the ETH in the liquidity pool. I am just a token holder by means of buying like everyone else.
nutildah
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June 27, 2020, 06:53:06 AM
 #6

OK, here's a legitimate question: if you are not SpydrZero, why do Unidollar and Rain have the same icon on the staking website?



Regardless, nobody should be buying this garbage. Its a completely useless money grab and serves no legitimate purpose.

https://bitcointalk.org/index.php?topic=5255229.0





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Twinkledoe
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June 28, 2020, 08:14:32 AM
 #7

OK, here's a legitimate question: if you are not SpydrZero, why do Unidollar and Rain have the same icon on the staking website?



Regardless, nobody should be buying this garbage. Its a completely useless money grab and serves no legitimate purpose.

https://bitcointalk.org/index.php?topic=5255229.0

That's a nice catch! Also, they said they are buying their own token. But who cares about the truth about the distribution of their token. But in any case, I don't think many people will be interested in buying this token. Another crap token in the making with no solid use case.

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