After introducing the presence of Auto-Staking Tokens on RICE Wallet, many investors wanted to learn more about these new assets, as well as how to buy, sell and own them.
What is Auto-Staking Token?
Auto-Staking Tokens are tokens with a flexible supply, capable of self-minting new tokens every 15 – 30 minutes. When owning these tokens, users have the opportunity to increase their assets up to 100,000% per year in the form of compounded interest.
Thus, with the Buy-Hold-Earn mechanism, users only need to buy and store tokens on the wallet, the number of tokens will automatically increase.
The question is: So how can the project pay interest to users at such a high rate?
When buying, selling or sending these assets, users have to pay a prescribed fee (tax), usually from 13% – 18% depending on the project. The fee collected will be used to pay interest to users on a daily basis. In addition, if the total daily tax balance is left over, it will be used to buy and burn tokens later, and if it is not enough, the interest expense will be taken from the project’s reserve (Treasury).
Auto-Staking Tokens on RICE Wallet
Titano Finance ($TITANO): 102,484% APY
+ Buy/Transfer: 13%
+ Sell: 18%
Libero Financial ($LIBERO): 158,894% APY
+ Buy/Transfer: 15%
+ Sell: 25%
Safuu ($SAFUU): 383,026% APY
+ Buy/Transfer: 14%
+ Sell: 16%
The Web3 Project ($WEB3): 404,193% APY
+ Buy/Transfer: 14%
+ Sell: 16%
Yieldzilla ($YDZ): 916,474% APY
+ Buy/Transfer: 15%
+ Sell: 20%
Sphere Finance ($SPHERE): 99,900% APY
+ Buy/Transfer: 13%
+ Sell: 20%
Fino DAO ($FINO): 211,465% APY
+ Buy/Transfer: 13%
+ Sell: 18%
How to buy Auto-Staking Tokens on RICE Wallet
Here are the detailed Instructions to buy $TITANO on RICE Wallet:
1. At the main screen, select the Swap feature.
2. Convert from 1 existing asset on the wallet to $TITANO, enter the amount you want.
3. Adjust the slippage equivalent to or more than the prescribed tax rate. With TITANO, the minimum bid slip is 16%.
Note: The slippage of each token is different, equivalent to the tax rate set by the project. If the conversion fails, you need to gradually increase the slip until it succeeds.
4. Swipe up for a successful transaction. Check details in Transaction History.