Gacha Kitchen
Say it out loud, it's fun to say 'Gacha Kitchen'.
Last updated
Say it out loud, it's fun to say 'Gacha Kitchen'.
Last updated
TL;DR:
Gacha points are required to enter and receive allocation in Fixed-Price Mode 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-transferrable and it is not a token
Gacha is an off-chain points system that can be used to win allocation in 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.
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.
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 the allocation lottery as they like
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)
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.
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.
