SolRain's Sustainable Drip
SolRain's drip is modified from the Daily ROI (Return on Investment) protocol that was crazily popular amongst cryptocurrency enthusiasts some time ago.
The premise is still the same as the original, investors will deposit their initial stake and in return for "losing" the deposit forever, they will in return receive 1% of the original deposited amount every day for a year.
SolRain's difference is from here on. One of the major flaws of the original system is that it can be very difficult to sustain without layering on additional steps to :
Keep the community engaged and spreading hype
Promote healthy trading volume
Reducing circulating supply over time to benefit holders and participants
The project intends to anchor itself as a mainstay in the Solana ecosystem and thus have decided to introduce some features which will help sustain payouts over an exceptional timeframe, thus protecting the investors as well as to ensure a controlled growth of the project over time.
This comes in the form of transational taxes which will take effect during these activities. Tokens taxed in this manner return to the reward pool, which ultimately goes into rewards for participants in SolRain.
10% token tax on deposits (If 100 SolRain tokens are deposited, earnings are calculated on the principal amount of 90 SolRain tokens because 10% of the deposit goes into the reward pool)
5% token tax on compounding rewards (Do note that compounding rewards will increase the principal amount staked, which in return, increases the rate of daily returns. But this action, sacrifices the compounded amount into the reward pool, just like a deposit.)
10% sell tax (As an example, during a sell event where a user swaps SolRain into $SOL, 10% of the $SOL will be collected as a sell tax and moved into the Treasury)
SolRain also introduces a unique feature not previously present on other drip protocols - The Emergency Withdrawal, for those situations that any participant would need to have an immediate access to invested funds. Triggering this feature will allow participants to regain 65% of the staked amount, with the remaining 35% being contributed to the Treasury.
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