Rainicorn is a deflationary NFT farming token with aspirations of delivering greater value to our HODLers. Off the back of our strong launch, we intend to deliver real alpha to our community via NFT farming coupled with exclusive NFT drops from well-known and emerging artists.
To that end, we will be launching two staking pools, Rainbow, where the holder can lock up $RAINI, and Unicorn, where Uniswap ETH/RAINI tokens can be staked.
The rewards for staking in these pools will be either in Rainbow or Unicorn points, depending on the pool, which can then be used to claim NFTs from our drops. Unicorns will be valued higher than Rainbows.
There’s also no question that NFTs have received flak for the environmental impact that mining on the Ethereum blockchain brings with it. We are committing to offsetting all carbon output with monthly donations to Greening Australia — a non-government organisation founded in 1982 with a strong history in reforestation and habitat repair. Their services are sorely needed after a terrible year in 2020 for Australia with rampant bushfires destroying much of the East Coast’s bushland.
The Genesis of the $RAINI Project
Rainicorn’s co-founders have run a successful fintech business for the past few years, and armed with that experience and their shared passion for art, had wanted to launch an NFT project that addresses some of the shortcomings of current platforms.
A number of key challenges stood out to the founders:
- Quality NFTs sell out in minutes in public drops
- NFT farming platforms are prohibitively expensive for most
- Emerging artists are often locked out of platforms by long waiting lists
- The environmental impact of NFTs has not been adequately addressed
- There are limited offerings for physical fulfilment of NFT items
