What is Rabbit Finance (RABBIT) | What is Rabbit Finance token | What is RABBIT token
In this article, we’ll discuss information about the Rabbit Finance project and RABBIT token
Rabbit Finance is the best lending protocol allowing leveraged yield farming function on the Binance Smart Chain released by Rabbit Finance Lab. It supports users participating in liquidity farming through over-lending plus leverage to get more revenue.
When the user has very limited funds but wants to participate in DeFi liquidity farming, Rabbit Finance can provide up to 10X leverage to help users obtain the maximum revenue per unit time, at the same time provides a borrowing pool for users who prefer stable returns to earn profits.
Rabbit Finance is invested by 11 top tier capitals and fund of exchanges, led by FBG Capital, Horizon Capital, PCoin Labs, Redline Capital, AngelONE Capital, LBank, BKEX Capital, HBTC Labs, Hot Labs Du Capital and Bibox.
Strengths & Vision
Alpaca Finance + Badger Finance + Algorithm StableCoin
Leveraged lending + Yield Farming + Algorithm Mechanism
Rabbit Finance fully draws on and adopts the advantages of the projects in the market, uses the over leveraged yield farming products with the advantages of Alpaca Finance and Badger Finance, creatively combines the mechanism of algorithm stable coin to empower the RABBIT token. In the whole economic ecology of Rabbit Finance, RABBIT token, which is endowed with more application scenarios, not only represents the governance rights and interests of the leveraged yield farming protocol, but also the shareholders’ rights and interests token of algorithm stable coin of RUSD. Whenever RUSD is inflationary, the members who pledge R token to the boardroom will share the additional RUSD as dividends to share the benefits of ecological growth.
Rabbit Finance believes that the levered yield farming platform will be the next killer application in the field of DeFi after the decentralized exchange and lending platform. We also believes that algorithm stable coin is the last Holy Grail in the field of DeFi. They are and will be the most important infrastructure in the DeFi world.
Rabbit Finance’s vision is to become the Federal Reserve of the DeFi world, based on the principles of equal opportunity and commercial sustainability, and to provide appropriate and effective financial services at affordable cost for people of all social strata and groups who need financial services. Rabbit Finance is not a simple leveraged yield farming platform or algorithmic stable coin system. It will be a decentralized and inclusive financial services infrastructure with the ability of continuous hematopoiesis and based on blockchain technology. Compared to being the same role as the Fed, what Rabbit Finance expects goes well beyond The Fed’s role in the world economy.
What is RABBIT token?
RABBIT token is a governance token of the Rabbit Finance. It will also capture the economic benefits of the protocol. There will be a maximum of 203,000,000 RABBIT token.
What is RABBIT token used for?
Protocol Governance
We will soon launch a governance vault that will allow community members to stake their RABBIT token. The RABBIT staker will receive xRABBIT where 1 xRABBIT = 1 vote, allowing them to decide on key governance decisionsIn the initial phase, governance decisions will be made on Snapshot.
Obtaining economic benefits such as interest rates and farming income
Lenders can obtain interest returns and RABBIT rewards through deposits, and miners can obtain up to 10 times of farming income and RABBIT rewards by opening leveraged positions.
Increase in the value of RABBIT brought about by continued repurchase and deflation
Rabbit Finance will continue to invest platform revenue for RABBIT repurchase and destruction, which will achieve a deflation of the supply of RABBIT and allow participants to share the benefits of platform growth.
RABBIT distribution
Yield Farming Pool
160,000,000 RABBIT, 78.817% of total supply.
Yield Farming Pool will be released over two years with a decaying emissions schedule, and will be evenly distributed to the entire ecosystem as a community reward.
Development Fund
20,000,000 RABBIT, 9.852% of total supply.
Development Fund will go towards funding development and expanding the team, and will be subject to the same as the token from the Yield Farming Pool Distribution.
Warchest Fund
12,000,000 RABBIT, 5.911% of total supply.
Warchest Fund is reserved for future strategic expenses. In the first month, 250,000 token were released for listing fees, auditing, third-party services, and liquidity of partners.
IRO Pool
10,500,000 RABBIT, 5.172% of total supply
35,000 RABBIT/day, lasts 300 days, distribute according to rRabbit pool share.
Airdrop Pool
500,000 RABBIT, 0.246% of total supply
800 RABBIT/day, lasts 625 days.
How and Where to Buy RABBIT ?
RABBIT token is now live on the Binance mainnet. The token address for RABBIT is 0x95a1199EBA84ac5f19546519e287d43D2F0E1b41. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to MDEX(BSC) Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to MDEX(BSC) Decentralized Exchange and Buy, Swap RABBIT token
Contract: 0x95a1199EBA84ac5f19546519e287d43D2F0E1b41
The top exchange for trading in RABBIT token is currently MDEX(BSC)
Find more information RABBIT
☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Message Board 2 ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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