Stake REVU in the R token IFO pool to enjoy double rewards
To celebrate the upcoming launch of the Revudex, we prepared one of the best staking deals you have seen so far in the Revuto app. Join our Astronauts on the Revudex planet, where you can stake REVU tokens in the R token IFO (Initial Farm Offering) pool to participate in the initial distribution of the R token supply.
R Token Pool is the 7th planet and mandatory pool to be eligible for the Rstronaut NFT!
This IFO (Initial Farm Offering) is unique in many ways, primarily because the farming reward is a governance token of our DEX which, among other things (check our whitepaper), will enable users to utilize cover batching fees (partially). Integration of the second token in the ecosystem will also help us bring back the buy-back mechanism. With that being said, the R token will have a very significant role in the Revuto ecosystem. That’s why we decided to offer a much higher than usual APR reward for all current REVU token holders and other users who will buy and stake REVU tokens in the R token IFO staking pool.
The R token will have a fair launch, and the R token supply will be entirely distributed to the community
It’s important to highlight that the R token is the first token ever in the Cardano ecosystemwithout token allocation for a token sale, private investors, or any tokens reserved for team members. The only way you can grab R tokens is either through this IFO (Initial Farm Offering) pool or to become eligible for the R token Airdrop worth more than $8,000,000! Later on, users will be able to earn R tokens through ISPO and yield farming setups by providing liquidity to Revudex.
And here comes the best part!By staking REVU tokens in the R token IFO (Initial Farm Offering) pool, you’ll automatically become eligible for the R token airdrop, meaning you will have a unique opportunity to enjoy double rewards. To become eligible for the R token Airdrop, you probably already know that you must hold your REVU tokens exclusively within the Revuto app.
• Staking Pool Hard Cap: 8,000,000 REVU (first-come, first-served)
• R token allocation: 20,000,000 R tokens
• Minimum staking amount per user: 2,000 REVU
• Maximum staking amount per user: 250,000 REVU
• Subscription period: 18 days
• Staking period: 90 days
The subscription period for the R token IFO staking pool starts 07.06.2022at 10:00 UTC and will last for 18 days until 25.06.2022.
Although the R token allocation for the IFO pool is fixed to 20,000,000 tokens, the APR stated in the Revuto app is based on the mentioned allocation of the R token rewards, the total amount of REVU tokens staked in the pool, and the initial price for the R token on the Revudex of 0.1 REVU since Revuto will provide initial liquidity for the REVU/R tokens pair on the Revudex
It’s important to highlight that the allocation of the R tokens for this IFO pool is structured so that APR remains above 100% even if the pool reaches its hard cap. If we don’t reach the Hard Cap of 8m REVU, users who stake REVU tokens in this pool will enjoy even higher APR because the R token allocation will remain unchanged.