If you’re new to Ramen, you might be wondering about $RAMEN, gRAMEN, and Gacha. Here’s a breakdown:
- $RAMEN: Platform utility token for Ramen to be launched on Berachain
- gRAMEN: Non-transferrable token received by locking $RAMEN
- Gacha: Off-chain points system earned by holding gRAMEN
How Gacha Works
Gacha is used to enter lotteries for allocation tickets in Fixed Price token launches. For example, if a $XYZ sale reserves $300,000 for the Gacha Round, Ramen divides it into smaller tickets (e.g. 1,000 tickets for $300 worth of allocation each). You can enter the lottery with Gacha for a chance to win allocation tickets. Winning more tickets increases your individual allocation size.
It’s favorable to earn a great amount of Gacha. The more Gacha you earn, the higher your chances of winning allocation in the token launches of your favorite protocols.
Addressing Gacha Shortages
Some users may lack sufficient Gacha to participate in Fixed Price token launches. This creates unnecessary friction and a suboptimal user experience for new users who do not have enough time to earn Gacha or existing users who want multiple allocation tickets.
Introducing Instant Gacha ⚡️
Instant Gacha allows users to acquire Gacha instantly by burning $RAMEN, reducing token supply permanently. This feature will be available shortly after Ramen is deployed on Berachain mainnet.
How to Get Instant Gacha
- Purchase $RAMEN on Kodiak or Ooga Booga
- Visit Ramen’s dApp and click on ‘Earn Gacha’ at the top navigation bar
- Click ‘Burn $RAMEN’
- Input the amount to burn and view the corresponding Gacha reward
- Approve the transaction and receive Gacha instantly
Important: You will only receive Gacha when you burn $RAMEN via the Ramen dApp. Sending $RAMEN directly to a burn address will not earn you Gacha.
What’s the catch?
Instant Gacha is designed to improve the Gacha system and complement, not replace, $RAMEN locking. $RAMEN locking remains the most rewarding method to earn Gacha.
The conversion rate for Instant Gacha is set at 25% of what you’d earned at the base Gacha earn rate over 16 weeks.
For example, if Bob locks 10,000 $RAMEN for 16 weeks at a base earn rate of 0.03 Gacha per gRAMEN per day, he earns a total of 33,600 Gacha:
0.03 base earn rate * 10,000 gRAMEN * (16 weeks * 7 days) = 33,600 Gacha
If Bob burns 10,000 $RAMEN instead, he receives 8,400 Gacha immediately (25% of 33,600 Gacha).
Boosted earn rates may apply for gRAMEN holders or Hungrybera NFT holders from time to time, but the conversion rate for Instant Gacha will always only be applied on the base earn rate.
The conversion rate may change–check the Ramen dApp for the latest rate.
Instant Gacha is a strategic addition to the Ramen platform, providing users with flexibility in acquiring Gacha while reinforcing the token value for all $RAMEN holders. Whether you choose to lock or burn, the system ensures fair participation in Fixed Price token launches. Make sure to leverage Instant Gacha to get an advantage for your favorite launches!
If you have any questions and feedback about this feature, join the Ramen community and chat with us.
Visit our website: https://ramen.finance/
Read more about Ramen: https://docs.ramen.finance/
Follow us on X: https://x.com/ramen_finance
Join us on Discord: discord.gg/ramenfinance
