Gacha Kitchen

Say it out loud, it's fun to say 'Gacha Kitchen'.

TL;DR:

  • Gacha points are required to enter and receive allocation in curated fixed-price launches

  • You can earn Gacha points by staking $RAMEN for gRAMEN, and you can boost your Gacha earn rate by holding a Hungrybera NFT

  • Gacha is non-transferable and it is not a token

Gacha Kitchen

Gacha is an off-chain points system that can be used to win allocation in Curated Fixed-Price Launches. Gacha cannot be bought or sold; it is non-transferable and indefinitely associated to your wallet address.

Gacha does not entitle users to native token airdrops. Do not hoard Gacha.

Gacha Kitchen is designed to be a dynamic, adjustable system where users can earn and spend Gacha without having to incur gas fees or needing contract upgrades whenever the parameters of the earn rate of Gacha are changed.

How to earn Gacha

You earn Gacha passively when you lock $RAMEN tokens for gRAMEN.

To earn more Gacha, you can either (1) increase your gRAMEN position, or (2) hold a Hungrybera NFT in the same wallet for a Gacha boost.

The Gacha earn rate will vary from time to time. Please check the Ramen dApp for the current earn rate.

How to use Gacha

During the Registration phase of each launch, users can view the Gacha requirement on the token launch page.

Illustration: Project is launching $XYZ

  • Gacha requirement for 1 entry in $XYZ sale: 200 Gacha

  • Users can submit as many entries in a token sale as they like, as long as they have sufficient Gacha

  • Entries will enter into a fair lottery algorithm, and for each launch, a pre-defined number of winning tickets will be selected

  • Each unique wallet can only win a maximum of 10 winning tickets for each token sale, no matter the number of entries they submitted

  • Each winning ticket entitles the users a capped guaranteed allocation to the token sale

  • Gacha spent will be burnt, regardless of the status of the lottery (e.g. if a user submitted 5 entries and does not win any winning tickets, the Gacha will not be returned to their account)

Gacha on gRAMEN position expiry

Once a gRAMEN position has expired, the user will cease to earn Gacha. Any existing Gacha balance will remain associated to the user's wallet and the user may spend it on upcoming launches if they have sufficient balance.

To continue earning Gacha, users need to manually restake their $RAMEN once a gRAMEN position expires.

Transparency and fairness for Gacha Kitchen

To ensure transparency and fairness of the Gacha Kitchen and to assure all users that the Gacha Kitchen will not be abused deliberately or unintentionally to favour certain users or parties, a query dashboard will be built and released publicly where users can independently query Gacha balances and verify Gacha emissions are rightfully emitted and boosted. The Gacha Kitchen codebase will also be undergoing third-party code audits, and the audit results will be made publicly to users.

Last updated