Overview
Ramen Finance is the native token launchpad of the Berachain ecosystem, dedicated to facilitating equitable and efficient liquidity bootstrapping and price discovery for emerging assets. By offering innovative launch modes and user-centric features, Ramen Finance empowers both project teams and participants to engage seamlessly in token launches.
At its core, Ramen Finance introduces structured approaches to token distribution:
- Fixed Price Mode: This mode employs a lottery-based allocation system, ensuring a fair distribution of tokens at a predetermined price. Participants lock $RAMEN tokens to earn Gacha points, which are then used to enter lotteries for token allocations.
- Price Discovery Mode: Utilizing a sealed-bid auction mechanism, this mode allows participants to submit private bids at their desired prices. Upon auction completion, bids are decrypted, and tokens are allocated to the highest bidders, with the settlement price determined by the last successful bid.
By integrating these mechanisms, Ramen Finance ensures a transparent and accessible platform for token launches, catering to the diverse needs of the Berachain community.
Key Features
- Gacha Kitchen: Participants earn Gacha points by locking $RAMEN tokens for gRAMEN. These points are essential for securing allocations in Fixed Price Mode launches, promoting active engagement within the ecosystem.
- Airdrop Recipes: Ramen Finance simplifies the process for protocols to create and manage token airdrop campaigns. Users can discover and claim token airdrops through a unified interface, enhancing user experience and participation.
Tokenomics
Ramen Finance operates with a dual-token system:
- $RAMEN: The liquid, transferable utility token of the platform. Users can lock $RAMEN to receive gRAMEN on a 1:1 basis.
- gRAMEN: The governance token, earned exclusively by locking $RAMEN. gRAMEN holders participate in governance, earn protocol fees, and accumulate Gacha points. The maximum locking duration is 16 weeks, with an unlock tax applied to early redemptions, incentivizing long-term commitment.
Why Ramen Finance?
Ramen Finance stands out as a pivotal platform within the Berachain ecosystem due to its:
- Fair Allocation Mechanisms: By implementing lottery-based and sealed-bid auction systems, Ramen ensures equitable token distribution, minimizing the influence of bots and sybil attacks.
- User-Centric Design: Features like Gacha Kitchen and Airdrop Recipes enhance user engagement, providing clear pathways for participation and rewards.
- Transparent Governance: Through gRAMEN, the platform promotes decentralized decision-making, allowing the community to steer its evolution.
NFTs
Ramen Finance integrates NFTs into its ecosystem, notably through the Hungrybera NFT collection. Holders of these NFTs are eligible for exclusive airdrops and incentives, fostering a vibrant and interactive community.
FAQs
1. What is the purpose of Gacha points?
Gacha points are earned by locking $RAMEN for gRAMEN and are used to enter lotteries for token allocations in Fixed Price Mode launches, promoting active participation.
2. How does the unlock tax for gRAMEN work?
Redeeming gRAMEN for $RAMEN before the 16-week lock period incurs an unlock tax, starting at 50% and decreasing linearly to 0% at the end of the lock period.
3. Can I participate in token launches without gRAMEN?
Yes, the Price Discovery Mode allows open participation without the need for gRAMEN or Gacha points, ensuring accessibility for all users.
4. What happens to the $RAMEN collected from the unlock tax?
All $RAMEN accrued from the unlock tax is burned, reducing the circulating supply and contributing to the token's deflationary mechanism.
5. How are community incentives distributed?
Community incentives are distributed over four airdrop seasons in the form of gRAMEN, aligning rewards with long-term ecosystem participation.
