What is Rigel Finance (RIGEL) | What is Rigel Finance token | What is RIGEL token

What is Rigel Finance (RIGEL) | What is Rigel Finance token | What is RIGEL token

Rigel Finance is an AMM Decentralized Exchange with Farming and Staking functions. You can create new pools or add liquidity on existing pools to start farming at Rigel Finance. By Staking Rigel, you will earn a portion of the swap fees. What is Rigel Finance (RIGEL) | What is Rigel Finance token | What is RIGEL token

What is Rigel Finance (RIGEL)?

Rigel Finance is an AMM Decentralized Exchange with Farming and Staking functions. You can create new pools or add liquidity on existing pools to start farming at Rigel Finance. By Staking Rigel, you will earn a portion of the swap fees.

There are five core products for RigelFinance’s ecosystem:

Yield Farming.

Earn RIGEL tokens by farming RigelSwap V2 RLP. You have 18 pairs to choose from, we have included the main pairs. Within Farming function, farmers will get 15% of RIGEL/block in the pair RIGEL-ETH RLP and 5% of RIGEL/block for the other 17 pairs. Before Farming, you need to add liquidity in RigelSwap Exchange in order to get RLP (RigelWap Liquidity Provider) tokens. During the first 13 days, users farming in the platform will get 4x more RIGEL/block than the basic minted RIGEL/block, which is 0.019051633 RIGEL/block. When the rewards contract is called (minimum once per day) all the LP tokens are sold for RIGEL (on RigelSwap Exchange). The newly purchased RIGEL is then divided up proportionally between the xRIGEL holders in the pool, meaning their xRIGEL is now worth more RIGEL.

Rigel Finance - Yield Farming, Staking, Exchange & Wallet App

Staking.

You will earn a portion of the swaps fees based on the amount of xRigel held relative to the weight of the staking. xRigel can be minted by Staking Rigel. To redeem Rigel staked plus swap fees convert xRigel back to Rigel. The remaining portion of the trade fee paid goes to a pool called OrionNebula. The OrionNebula contract collects the fees from all the pools, and when the reward distribution command is called, it then sells all the fees turning them into RIGEL, via RigelSwap Exchange. OrionNebula allows you to stake your RIGEL and receive xRIGEL in return, and then you stake it in the xRIGEL pool. When users make trades on the RigelSwap Exchange, a 0.3% fee is charged, 0.05% of this fee is added to the OrionNebula pool in the form of LP tokens for the relative pool.

RigelSwap Exchange.

Allows users to swap any ERC-20 token into any other ERC20 token through automated liquidity pools. The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in "Pools", in return they get RLP (RigelSwap Liquidity Provider) tokens, which can also be staked in the "Farm".

When users make a trade on RigelSwap exchange, they pay: - 0.3% trade fee; - 0.25% fee reward for LPs; - 0.25% of this trade fee goes to the Liquidity Providers, it's added to the pool balance.

RigelSwap Pools.

Allows liquidity providers to add their tokens to liquidity pools. When they add liquidity, they will receive RLP tokens (RigelSwap Liquidity Provider tokens). For example: if a user deposited $RIGEL and $ETH into a pool they would receive RIGEL-ETH RLP tokens. These tokens represent a proportional share of the pooled assets, allowing a user to reclaim their funds at any point. However, as a liquidity provider you will also receive a trade fee reward. Every time a user trades between $RIGEL and $ETH a 0.3% fee is taken on the trade. 0.25% of that trade goes back to the LP pool. With your LP tokens, you can also put them into Yield Farming. If you are farming, you will still get the 0.25% reward fee for being an LP when you next remove your liquidity.

Download Rigel Wallet.

Download our Rigel Wallet, available for Android and soon for iPhone. Send and receive your cryptocurrencies with supports of all Erc-20 tokens. You can get your Rigel tokens and hold them in your wallet. The wallet also supports WalletConnect Protocol, so you will be capable of connecting your wallet to our platform. The Rigel wallet will list new and trending projects, including DeFi tokens. Listing payment is done only in Rigel Tokens.

Rigel Is Deflationary.

During the first year, all listing fees of Rigel Wallet will be burned. Yes, you read that correctly! In the second year, 50% of all listing fees will be burned, in the third year 25% and so on. The burning event will take place once per week or once every two weeks, depending on the number of listings. With this strategy, we're removing tokens from circulation and inducing an increase in price.

How a decentralized exchange works

DEXs are similar to their centralized counterparts in some ways but significantly different in others. Let’s first note that there are a few different types of decentralized exchanges available to users. The common theme among them is that orders are executed on-chain (with smart contracts) and that users do not sacrifice custody of their funds at any point.

Some work has been done on cross-chain DEXs, but the most popular ones revolve around assets on a single blockchain

On-chain order books

In some decentralized exchanges, everything is done on-chain (we’ll talk about hybridized approaches shortly). Every order (as well as alteration and cancellation) is written to the blockchain. This is arguably the most transparent approach, as you’re not trusting a third party to relay the orders to you, and there’s no way to obfuscate them.

Unfortunately, it’s also the most impractical. Since you’re asking every node on the network to record the order forever, you end up paying a fee. You need to wait until a miner adds your message to the blockchain, meaning the experience can be cumbersome, too.

Off-chain order books

Off-chain order book DEXs are still decentralized in some regards, but they’re admittedly more centralized than the previous entry. Instead of every order being posted to the blockchain, they’re hosted somewhere.

Where? That depends. You could have a centralized entity completely in charge of the order book.

These approaches are superior from a usability perspective than those that rely on on-chain order books. They don’t face the same constraints in terms of speed, as they don’t use the blockchain as much. Still, the trade must be settled on it, so the off-chain order book model is still inferior to centralized exchanges in terms of speed.

Automated Market Makers (AMM)

Automated market makers are smart contracts that create a liquidity pool of ERC20 tokens, which are automatically traded by an algorithm rather than an order book. This effectively replaces a traditional limit order-book with a system where assets can be automatically swapped against the pool’s latest price.

There are two main types of automated market makers (AMMs). While one may be governed and set up by professional market makers, the other is fully automated by a set algorithm, allowing any user in the market to participate by depositing liquidity into the smart contract.

RigelSwap is a fork of Uniswap Exchange, and it’s a true decentralized AMM.

RigelSwap allows for anyone to create a liquidity pool on the network, and enables any other user in the ecosystem to add liquidity. The price in the RigelSwap smart contract cannot be configured or controlled. The price of the tokens in the pool is fully determined by the balance ratio between the two tokens in the pool.

How to Farm and Stake Rigel tokens?



RIGEL FINANCE

Tokenomics

  • Name: Rigel Finance
  • Ticker: RIGEL
  • Decimals: 18
  • Type: ERC-20
  • Circulating Supply: 5.800 RIGEL
  • Max. Supply to be reached in 2022:
  • 30.000 RIGELExpected date to reach 30.000 RIGEL:
  • December 2022Burning event:
  • YesToken address:
  • 0x4ca0654f4fc1025cf1a17b7459c20ac0479522adRigel Wallet:
  • Liquidity for RigelSwap:
  • 300 RIGEL / Price 1 RIGEL=120$*Liquidity for Uniswap: *
  • 300 RIGEL / Price 1 RIGEL=120$*Pre-sale 1° Phase: *
  • 1800 RIGELPre-sale 2° Phase:
  • 2200 RIGELEarly Bonus for farmers:
  • 1600 RIGELMarketing:
  • 600 RIGEL*Reserved for future listings: *
  • 600 RIGELPlatform fee
  • (from rewards): 5%RIGEL/block on first 13 days:
  • 0.019051633 RIGELRIGEL/block as basic mint:
  • 0.00476290832 RIGEL

Looking for more information...

WebsiteExplorerWhitepaperSource CodeSocial ChannelSocial Channel 2Message BoardCoinmarketcap

Would you like to earn RIGEL right now! ☞ CLICK HERE

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

BinanceBittrexPoloniexBitfinexHuobi

Thank for visiting and reading this article! I'm highly appreciate your actions! Please share if you liked it!

blockchain bitcoin rigel finance rigel

Bootstrap 5 Complete Course with Examples

Bootstrap 5 Tutorial - Bootstrap 5 Crash Course for Beginners

Nest.JS Tutorial for Beginners

Hello Vue 3: A First Look at Vue 3 and the Composition API

Building a simple Applications with Vue 3

Deno Crash Course: Explore Deno and Create a full REST API with Deno

How to Build a Real-time Chat App with Deno and WebSockets

Convert HTML to Markdown Online

HTML entity encoder decoder Online

Adding Messages On The Bitcoin Blockchain - A How-To Guide

Can I write on a Bitcoin Blockchain? Can I drop down a message? Yes, Luca of course you can! You can leave a message on a Bitcoin blockchain using a particular op code, called OP_RETURN.

Blockchain Certification | Blockchain Training Course | Blockchain Council

In all the market sectors, Blockchain technology has contributed to the redesign. The improvements that were once impossible have been pushed forward. Blockchain is one of the leading innovations with the ability to influence the various sectors...

What Is The Difference Between Blockchain And Bitcoin?

Our Blockchain Online Training will provide you to learn about Blockchain technology aspects with realty. Our Blockchain Course also includes live sessions, live Projects

What Is The Difference Between Blockchain And Bitcoin?

Get hands on experinece on block chain live industry experts with real world example at Block chain online Training. Enroll for free demo

Blockchain Certifications | Online Training & Courses | Blockchain Council

Blockchain Council is a group of Blockchain experts offering Online Blockchain Certifications and Training to Blockchain enthusiasts all over the globe. Join us today!