SolRain's MATH
**Prices/Events of SolRain shown on this page are hypothetical and used as an example only**
Last updated
**Prices/Events of SolRain shown on this page are hypothetical and used as an example only**
Last updated
Let's use an example shown here to better illustrate SolRain's drip model.
Introducing JP, a crypto enthusiast busy with life who loves participating in drip protocols like SolRain for the easy passive income and a cozy Telegram community, where he can just drop in anytime to talk about practically anything under the sun.
SolRain Launch Day (Day 0)
JP managed to be online on the launch of SolRain and bought 10000 tokens at USD$1 each. Due to his competitive nature, he immediately staked them all into the protocol, making sure he is the first few to start generating rewards.
JP's Current Holdings : 9500 SolRain tokens staked (5% of 10000 = 500 SolRain tokens contributed to the reward pool)
SolRain Day 1
On Day 1, JP took a quick look at his earnings and smiled. Earned interest : 95 SolRain tokens.
SolRain Day 50
JP stayed away from crypto for almost 2 months after having found a love affair online. Sadly it didn't turn out the way he expected but SolRain's daily rewards were still pumping out tokens as it was programmed to do.
JP's Holdings : 4750 SolRain tokens as earned interest (95 SolRain tokens x 50 days)
He decided to re-deposit the earned interest since it would yield more over time. Furthermore, the price of the SolRain token remained steady at USD$1 due to the nature of how it was designed, with taxes & the Treasury to keep things stable.
After compounding his earnings, JP's Current Stake : 9500 SolRain (original deposit) + 4512.5 SolRain (compounded deposit) By compounding the 4750 earned tokens, there is a 5% tax (237.5 SolRain) which is sent to the reward pool.
At this time, the expected payout per day will be 95 + 45.125 SolRain for JP. Let's move to the next milestone below.
SolRain Day 100
Most participants will always be waiting anxiously for this day where the first major milestone of earned interest is at 100%!
JP's Holdings : 4750 SolRain (original deposit) + 2256.25 SolRain (first compound) = 7006.25 SolRain
The protocol continues to payout 1% a day for the next 265 days (original deposit) and 315 days (compounded deposit)
SolRain Day 200
No one was ready for it. Bitcoin hit a brand new ATH of USD$120K! The market went wild as for the first time ever, altcoins had their parabolic run as soon as Bitcoin did. The combined market cap of the entire crypto industry hit a whopping USD$30 Trillion as institutions and even governments this cycle scrambled to get in on the 21st century gold rush.
JP, wanting to find some solace in SolRain's Telegram channel after the latest heartbreak, saw euphoric cheers of SolRain hitting USD$1.50 per token! He decided to take some profits and buy that Rolex watch that he had his eye on for a long time already.
JP's Holdings : 14250 SolRain (original deposit) + 6768.75 SolRain = 21018.75 SolRain
JP claimed the interest earned in SolRain tokens and went to sell it all on the DEX for $1.50 per token. He received 31528.125 $USDC tokens as he selected to sell to USDC stablecoin. There was a 5% sell tax which meant that 1576.40625 $USDC was sent to the Treasury during the point of sale. JP was happy though, the investment into SolRain paid off well and he has no future fear of being late for appointments!
SolRain Day 250
Life is unpredictable! A disastrous personal event for JP happened and he needed to get as much money as possible to fend it off. A famous philosopher once said, "If a problem required money to solve, then it is not a problem at all."
JP decided to bank on SolRain to help cover the immediate crisis.
JP's Current Holdings : 4750 SolRain (interest from original deposit) + 2256.25 SolRain (interest from first compound) = 7006.25 SolRain
He claimed all the earned interest and then followed it up by selling eveything on the DEX for the current price of $1.50 each, netting him a grand total of 10509.375 $USDC tokens before tax. (525.46875 $USDC sent to the Treasury as the sell tax component)
JP's journey is just an example on the different tax structures surrounding SolRain. Different participants will have varying experiences due to strategies employed to maximize gains. One thing is for sure - SolRain will ALWAYS pay you 1% of what you have staked!
