RushMoon Overview & Farming Tutorial
RushMoon (Rush) is automatic liquidity acquisition yield farm and AMM decentralized exchange running on Binance Smart Chain that fully support CAKE-LP v2 staking. RushMoon’s mix of unique and creative features let you earn and win.
RushMoon Was successfully launched on 23 May 12:00 UTC, and farming started 6 hours after presale end on block: #7667919. The presale was held directly on rushmoon.finance and sold out reaching the 200 BNB Hardcap in 15 second. Buyback was also activated immediately after presale.
Liquidity has been locked on RUSH contract for 90 days.
“ Liquidity has been locked on RUSH contract for 90 days. For evidence read function “LPLocked” then input RUSH’s contract address and click query for LP unlock Unix time. “ — Direct from RushMoon’s Docs
Main Features
Automatic Liquidity
Each transfer of RUSH must pay a 5% transfer tax. The 4% transfer tax gets added to the liquidity pool through the contract automatically to raise the price floor continuously. And the liquidity will be locked and inaccessible.
Automated Burning
As mentioned above, each transfer of RUSH must pay a 5% transfer tax. The 4% transfer tax will be allocated to automatic liquidity acquisition. And the rest 1% transfer tax will be burned immediately. The whole process is automatic.
Harvest Lockup
Harvest lockup is a unique rewards lockup mechanism used to limit the frequency of harvest. It is designed to prevent farming arbitrage bots from constantly harvesting and dumping.
Deposit Fee Redistribution
A 4% deposit fee will be charged when users enter staking on RushMoon, the plan is to use the deposit fee to add more liquidity buy back pool. This providvison instead of the removal of liquidity of the RUSH buyback pool.
BuyBack
Every time this function is called, 2% of liquidity is removed and the liquidity is then split into BNB and RUSH. BNB market buys RUSH. The rest ~99% of the RUSH is then burned ~ 1% of RUSH sent to caller of the function to incentivize user spending gas.
Referral Program
An on-chain referral program has been implemented to incentivize users to invite friends to join the farming. Inviters can earn 1% of their friends’ earnings forever.
Trading Incentive
We plan to add a trading incentive mechanism to our own AMM dex. Users can earn tokens by trading on RushMoon. But different from traditional trading mining, the rewards on RushMoon for trading can be different tokens. Other projects can provide their own tokens as rewards for specified trading pairs. More details about it will be published later.
RushMoon Automated Market Maker (AMM) Decentralized Exchange: Unique Trading Incentive System
For a newly established AMM exchange, the most important question is, “how can we get enough trading volume in a short period of time?” More volume means more trading fees, and liquidity providers can get more revenue.
“ Here is our solution, our unique trading incentive system:
Traders can get extra token rewards in every trading in specialized trading pairs.
For most trading pairs, traders will receive the RATC (RushMoon Trader Credit).
Other projects can also provide their tokens as trading rewards for their token’s trading pairs. (This means that traders may receive up to 2 tokens as trading rewards for some trading pairs.)
In this way, we provide other projects with the ability to incentivize trading, and they will be more willing to encourage their users to trade on RushMoon.
For example…
Rick swap 1 BNB to BUSD, he will receive a certain number of RATC.
Rick swap 1BNB to TokenA, and if the project owner provides us some TokenA as trading rewards. Rick will receive both RATC and TokenA as the trading rewards.
In this way, we will attract more traders and more projects trading on RushMoon. “ — Direct from RushMoon’s Docs
How Can RUSH Holders Benefit
The logic is simple. Allocate some trading fees to buy back RUSH tokens and burned. This can help stabilize the price of the RUSH token.
Besides, 10% of the total supply RATC will be allocated to Jungles, which means that RUSH token can stake their RUSH to earn RATC.
RushMoon Trader Credit (RATC)
RATC is the second token issued by RushMoon, RATC will be used as the trading rewards on the trading incentive system.
Briefly, RATC is a SAFEMOON styled token but without a reflection function. But different from most moon tokens, RATC is backed by an existed AMM exchange and has clear use cases.
More details about RATC at RushMoon’s Docs.
RUSH Token Distribution
You can earn RUSH tokens by being a liquidity provider or staking your RUSH tokens on RushMoon.
The latest data on effective emission rate and distribution mechanism of RUSH are as follows:
Emission rate
- Starting block: #7667919
- Rewards per Block: 10,000 RUSH/block
- Daily Emission Rate: 288,000,000 RUSH/ day
- Rewards Distribution: 9.09% to the dev team to ensure essential growth of the project
Farming pools
- RUSH-BNB LP V2 , 0% deposit fee , 40X
- RUSH-BUSD LP V2 , 0% deposit fee , 25X
- BNB-BUSD LP V2 , 4% deposit fee , 5X
- BTC-BNB LP V2 , 4% deposit fee , 4X
- ETH-BNB LP V2 , 4% deposit fee , 3X
- DOT-BNB LP V2 , 4% deposit fee , 3X
- CAKE-BNB LP V2 , 4% deposit fee , 3X
- USDT-BNB LP V2 , 4% deposit fee , 2X
- USDT-BUSD LP V2 , 4% deposit fee , 1X
- ADA-BNB LP V2 , 4% deposit fee , 1X
- DOGE-BNB LP V2 , 4% deposit fee , 1X
- LTC-BNB LP V2 , 4% deposit fee , 1X
- USDC-BUSD LP V2 , 4% deposit fee , 1X
- DAI-BUSD LP V2 , 4% deposit fee , 1X
- VAI-BUSD LP V2 , 4% deposit fee , 1X
- UNI-BNB LP V2 , 4% deposit fee , 1X
- XRP-BNB LP V2 , 4% deposit fee , 1X
- MGB-BNB LP V2 , 4% deposit fee , 0.5X
These rates may change with possible governance proposals in the future… But I would not rather speculate on that at the current time of writing.
How To Farm RUSH?
To farm RUSH tokens, you first need to transfer RUSH and some BNB to a wallet that is supported Binance Smart Chain (BSC) BEP20 such as Trust Wallet (Recommeneded) and MetaMask.
You should transfer some BNB to your BEP20 (Binance Smart Chain) address to be able to pay for gas fees.
If you transfer BNB from Binance to your cryptocurrency wallet, the minimum withdrawal amount is (0.02 BNB).
To Farm your RUSH tokens, first click the ”connect” button on RushMoon and connect your wallet to the platform.
(If you don’t have a Binance Account you can sign-up for one by clicking here.)
Adding Liquidity To RushMoon Pools
You can add liquidity to RushMoon pools to earn RUSH tokens by staking your Liquidity Tokens (LP tokens).
To add liquidity to RushMoon pools, click on the ”liquidity” tab under the trade menu on the platform.
Before supplying liquidity to a pair on RushMoon, you should first check out the pairs on the ”farms” page to see which pool is the best for farming RUSH tokens.
The reward multiplier for the RUSH-BNB pair is 40x and currently the highest.
“ But, more importantly, you should take into consideration the APR and the impermanent loss when choosing the pair that you will add liquidity to. “
To add liquidity to RushMoon, click the ”add liquidity” button on the liquidity page.
If you want to add liquidity to the BNB-RUSH pool, first select each token, BNB and RUSH and enter the amount for one of the tokens.
If you want to use 0.2 BNB in your wallet, then you also need 22448.8 RUSH to add liquidity to the BNB-RUSH pool, which is automatically calculated by the protocol according to the RUSH/BNB price. (Note prices vary not just day to day but down to the second. Please keep in mind that these are rough numbers for example only!)
After entering the amount of tokens that you want to add to the pool, click the ”approve” button to allow the smart contract to spend your tokens.
After approving tokens, you can simply use the ”supply” button to add liquidity to the pool.
After providing liquidity to a pair under the ”farms” tab, you can stake your LP tokens on the farms page and earn RUSH tokens.
To stake your LP tokens and start earning RUSH, click the ”enable” button under the pair that you’ve added liquidity to, which will allow RushMoon to spend your LP tokens.
After enabling the farm by confirming the transaction on your wallet, you can easily stake your LP tokens in the farm.
Is RushMoon Safe?
RushMoon is an overall safe decentralized exchange to use. It currently being audited by TechRate (InProgress) and awaiting audit from CertiK, which you can check out on this page.
So you should use any dapps including RushMoon with caution and do not put your all eggs in one dapp in case something happens.
Overall even though it looks the part… I really find the lack of communication from developers to community via any form of social media to be off-putting at best. So if you do plan to use this platform, do so with extreme caution.
CoinMarketCap: https://coinmarketcap.com/currencies/rushmoon/price-estimates/
Coin Gecko : https://www.coingecko.com/en/coins/rushmoon
️Coin Sniper : https://coinsniper.net/coin/599
Website: rushmoon.finance
Twitter: twitter.com/RushMoonBSC
Telegram: RushMoon Official Announcement | RushMoon Community
