$RUG is intended to rapidly decrease in supply by implementing a 5% token burn on each transfer There are 2 staking machanisms: The Pyramid & the Rug Pool
The Pyramid: Stake RUG for Dividends
is designed to reward risk takers. There is a 10% token burn when staking RUG (not your total staked!). 7% of this will be redistributed to current stakers in proportion to the amount they staked, and the remaining 3% will be burnt. NO TOKEN BURN when unstaking.
The Pyramid currently has 2.3k RUG staked. Each time someone stakes in the Pyramid, the 7% will be distributed throughout the stakers in that pool. Right now is the perfect time to stake here because the rewards have slowed down in this pool due to so many people staking. Once old stakers unstake, new stakers will come take their place. Each new staker adds to your dividend rewards in the Pyramid. You need to be already staked to capitalize on the new stakers’ 7%.
The RUG Pool: Stake RUG for UNI-V2 Tokens
This is the liquidity pool. 100% of the initial liquidity was locked inside the Rug Pool. Staking RUG will allow you to slowly pull the rug on your comrades. The estimated time to fully disperse rewards is 21 days (3 weeks).
This pool currently only has 430 RUG staked. You’re rewarded proportionately based on your percentage staked in this pool. In other words, if you stake 43 RUG, then you’d get 10% of the LP rewards. A lot of the early buyers rushed towards the Pyramid and went all in, so they don’t have any left for the Rug Pool. You can capitalize on this fact to gain a bigger percentage in the pool for bigger rewards.
Biz will think it's too good to be true, just like everything else that has mooned today
Hudson Rogers
Looking like a good entry point!
Tyler Flores
But I already mooned on YFI
Caleb Jenkins
just for some perspective, I've only staked for about 7 hours and I have made back about 6 RUG. I've already made back the initial 10% that was distributed/burned in less than a day.
Based on wallet count this is just getting started. Such a small token supply means this has really good potential for gains.
Isaiah Martin
Check out $BEA. Just went live on uniswap, its the chinese version of Lend with an integrated DAO. Very little left on the uniswap pool, getting sold like crazy. Easiest 50x of your life user
okayy so for those who are concerned about the presale.. there was only about 30 ppl able to participate in the presale. there was a 1 ETH max limit for each person, and participants generally put up between 0.5 and 1 ETH. a lot of those who got in early have sold. join the tg for more questions
Caleb Edwards
I remember the last RUG token (or is this the same one)?
Lost $1K.
fuck off. buy DIA.
Jackson Wilson
this project has nothing to do with that scam
Christopher Harris
15 days to rug the developer, sweet sweet retribution
Christopher Ross
Damn biz Anons you just missed out again! Went from $33 to $110 within 30 minutes. Lucky for you some early people took profits. It's back down to $83 now. Make sure to keep it on your radar. Jump in now or look for your window, but don't miss out!
Brayden Cook
Shilling for DIA? Kek. Sold my DIA bag long ago. Good luck with the incoming dump.
The dev has noble plans for this.
Ian Peterson
I lost $$$ too in that that's why I'm chilling on that and starting a whole new career with bitcoin games, it's fun I guess
Elijah Green
Only 10K RUG to start, 5% burn per txn Y.fi has 30K Do the math
Liam Adams
only 9400 now lol this shit is going to be huge
David Miller
people buying this are as dumb as the guys who bought $RUZE. Remember how they cried anons?
