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OUR ECOSYSTEM
Rune: Sanctuary
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Rune Raid (Yield Farming)
Raid farms for riches and glory
Rune Raids is the first game in the Rune Universe. The game initially distributed the Rune governance token ($RXS) and rewards liquidity providers with in-game items such as runes and Runewords (NFTs). Several runes (BEP20 tokens) in the ecosystem can only be acquired by raiding yield farms.
There are 33 runes in the Rune ecosystem, distributed over two years through a variety of mechanisms. Each rune is a BEP20 token with a finite supply of 100,000 units or less (after burns).
Many of these runes can only be acquired by providing liquidity and raiding farms. Each rune has a unique use-case or utility within the Rune Universe. For example, runes are needed to mint Runewords, rare NFTs that make your character more powerful. Some of these Runewords can even be used to optimize your yield farming game. Most of the runes will be used and burned forever 🔥.
The Rune protocol token was issued on Binance Smart Chain (BSC) through an Initial Decentralized Exchange Offering (IDO) on Pancake Swap with a limited supply of 19,300 tokens. There was a fair launch of the token with no pre-mine. To enable the token as an in-game currency each $RUNE was split into 10,000 Rune Shards ($RXS) in the Great Sharding of November 2021, giving $RXS a total supply of 193,000,000. All $RXS tokens have been mined, however there is plenty more raiding to be had!
What is raiding?
Raiding is the act of pillaging a farm for newly minted runes. 🏴☠
To raid a farm, you must first acquire either $RUNE or the various runes that you wish to provide liquidity for. You can acquire the runes through games, such as Rune Evolution, buy them from an exchange such as Rune Swap, or pillage them from raiding previous farms. Visit the Pools and Rune Farms to see which pools and farms have the highest rewards, so you can create your raiding strategy.
Juicy farms ready for raiding
You must provide liquidity to acquire a Liquidity Pool (LP) token. Stake the LP token into a farm, and start watching it grow. Collect the harvest by raiding the farm. We have implemented something called fluid farming, so you don't need to do anything when a new rune is launched. You'll immediately start farming that rune when it is released!
Demystifying Farms
- For many projects, yield farming has been a mechanism to dump tokens on retail investors by encouraging investors to provide liquidity for a token with little utility. Token issuers want 10x on a token right away, and they use high unsustainable APY as a way to attract buyers, pump up the price, and dump into those investors. The issuers walk away with the real value while the investors almost never recover.
- Wouldn't it be great if a reasonable APY could be maintained through a mechanism that creates growing utility and value? Even better if it's a gaming ecosystem that you can be a part of.
- Rune is built to be such a thing. Instead of minting the native token, we mint new rune tokens. They start at a high price, as all farms do, and due to inflation, they decrease in price. However, the supply of each rune is capped with a limited supply. This gives each rune token the chance to find a bottom.
- We are building specific utility for each rune to either lock them or burn them forever.
- What's great about Rune is that the farm aspect is just a fun game to play while the rune tokens are getting distributed and the ecosystem is developed. These runes will have more functionality as the years progress, giving each a chance to grow in value. By introducing new runes to the economy we have an opportunity to expand the story and game play in the Rune Universe.
- Runes are necessary to create Runewords, NFTs that make your characters stronger and provide farm buffs for future rune farms. Each NFT is unique and will also be able to be collected and traded.
- In 2022 Rune will have an online RPG built around these runes and NFTs, so they have even more utility.
- These NFTs will be evolving, so they can be carried to other Rune games or even third-party games. You could upgrade your Genesis Runeword in one game, and experience the benefit in a different game.
Last modified 6mo ago
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