What is Rasta Finance (RASTA) | What is Rasta Finance token | What is RASTA token

What is Rasta Finance (RASTA) | What is Rasta Finance token | What is RASTA token

We are long-term DeFi users, who became frustrated with un-trustworthy protocols, sketchy code, and rug pulls. So we pooled our resources together to build Rasta.Finance, where we could operate with transparency, under the loving embrace of a healthy community. It is our full intention to hand over the ropes to the community, this is for the people, by the people. What is Rasta Finance (RASTA) | What is Rasta Finance token | What is RASTA token

In this article, we'll discuss information about the Rasta Finance project and RASTA token

We are long-term DeFi users, who became frustrated with un-trustworthy protocols, sketchy code, and rug pulls. So we pooled our resources together to build Rasta.Finance, where we could operate with transparency, under the loving embrace of a healthy community. It is our full intention to hand over the ropes to the community, this is for the people, by the people.

Why Binance Smart Chain (BSC)?

With the rising popularity of decentralized apps (dApps) on previously established smart chains like the Ethereum network, it is evident that the future of networking and computing will be decentralized. Improving upon previous proof-of-concepts, the Binance Smart Chain (BSC) has witnessed a remarkable growth of transactions due to its marginally lower Gas Fees in comparison with other network alternatives.

How it works

Rasta.Finance is the latest community-centered AMM farm on the 

Binance Smart Chain, with its very own Decentralized Exchange (DEX) 

CONNECT DIRECTLY TO YOUR WALLET

The Rasta.Finance platform connects straight to your smart chain wallet, in order to ensure swift interaction with our DeFi protocols. Please find the guide on connecting your Binance Smart Chain (BSC)

FARM ALONGSIDE OTHER RASTAS

Farming in crypto involves staking your assets for the DEX, which grants you Liquidity Pool Tokens, that then earn you rewards in RASTA. RASTA is our community's currency, it invokes the willingness to collaborate for the benefit of the whole community.

Rasta Economy

Rasta.Finance is aimed at making use of the latest craze on the BSC of AMM farms, in order to grow and cultivate a community of believers and supporters.

Due to its relatively low transaction fees, the Binance Smart Chain is poised to become one of the leading networks to host the latest DeFi protocols that the space has to offer.

Our aim is to initialize the spirit of the community, grow it and slowly hand over the ropes to leading members of the community that have stuck around the longest and have contributed the most to the projects long term success

Yield farming and staking your tokens will be the primary functions of the portal, but they will certainly not be the last.

Without further ado, lets share some basic details of the Rasta Tokenomics:

  • Platform will use RASTA as its main denomination
  • ZION tokens currently hold no use case besides serving as a proof-of-stake, but we do hope to make cool uses of it in the future.
  • There will also be issuances of ancillary tokens that serve Governance and Voting purposes, please stay tuned to catch their announcement in the coming weeks.

MAX SUPPLY: 6,000,000 RASTA

INITIAL YIELD: 0.25 RASTA/PER BLOCK

We anticipate to hold our first community vote in order to determine our next emission per block.

The most important features of this Token will be as follows:

  1. There will be a very low supply and emissions to start. This is our RastaPreferred Class of Shares
  2. The primary way to earn the new Token will be by staking your $RASTA.
  3. You will also be able to earn the new Token by farming BNB/RASTA or BUSD/RASTA without fees, therefore contributing to our DEX’s liquidity.
  4. There will be some Stable Pools as well, but they will have higher fees with lesser rewards. All revenues from these pools will go towards Buying-Back and Burning $RASTA, as well as further development.
  5. 3% of all Farming Rewards will also be allocated to a healthy Burn.
  6. The New Token will grant you first access to the new RASINO Module, and will give you exclusive access to the ZION LaunchPad.
  7. The New Token will be used for Governance as well (we did consider using ZION as Governance, but not all Rastas are in the pool, and we did not want to punish the big time farmers).
  8. Furthermore, RastaFinance is working on their own unique NFT Implementation. No, it will not be another marketplace, we think this is overdone. But it will certainly be an application fit for TrueRastas. The New Token along with $RASTA (in combination) will be the only way to use the NFT feature.
  9. Most excitingly, it is the COMMUNITY that will decide The New Token’s name!!!
How and Where to Buy RASTA ?

RASTA token is now live on the Binance mainnet. The token address for RASTA is 0xe3e8cc42da487d1116d26687856e9fb684817c52. 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)...

SIGN UP ON BINANCE

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 Pancakeswap 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 $WBNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap RASTA token

Contract: 0xe3e8cc42da487d1116d26687856e9fb684817c52

Read more: What is Pancakeswap | Beginner's Guide on How to Use Pancakeswap

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once RASTA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com  ☞ https://www.bittrex.com   ☞ https://www.poloniex.com   ☞ https://www.bitfinex.com   ☞ https://www.huobi.com

Find more information RASTA

WebsiteWebsite 2ExplorerSource CodeSocial ChannelSocial Channel 2Social Channel 3Message BoardDocumentationCoinmarketcap

🔺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.

🔥 If you're a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

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