RICE At A Glance : Complete Guide

RiceQuant
3 min readFeb 26, 2021

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Let’s face it Ricers… we’re all super excited about $RICE. It will be lanunched in heco mainnet soon. We’ve been asking ‘wen’ for so long it seems, but the time has come to familiarize ourselves with the ‘what’ and ‘how’.

What is this RICE token that has been airdropped to my wallet and how can I use it to my benefit?

Note:We have updated the plan, do not quote the below tow paragraph content(RICE Facts & Tokenomics).

RICE Facts(Abandoned, Please Check the Updated)

Token Address:0x0000000000000000000000000000000000000000

Total Supply:23,040,000

Ming Period: 100 days

Tokenomics(Abandoned, Please Check the Updated)

Liquidity Mining: 22,924,800 (99.5%)

Marketing: 11,520 (0.05%)

Token Sale:103,680 (0.45%)

How To Set Up Your MetaMask for RICE

Please read this article.《How to setup Metamask for RICE》.

How to Claim Your Airdrop

  1. Click the RICE

2. Claim your RICE tokens

3. Confirm in your Metamask window.

How to get rTokens?

1. Connect your Metamask wallet

2. Switch Metamask network to Hecochain Mainnet.

3. Select the rLoanbar menu

4. Select the asset you want to collateralize.

5. Please seed the HUSD first if you selected HUSD pool and want to borrow rUSD.

6. Approve the HUSD

7. Stake HUSD. And after staked your are mining now.

8. Click Borrow rUSD

9. Click Borrow

10. Input the amount of HUSD you want to lock

11. Then you will receive a certain rUSD in your wallet. Please check the balance in your wallet. And note that debt interest already generated when the debt order completed, all farmers should be caution for the liquidation.

If you want borrow rBTC or rETH, please follow the same steps above.

How to get RICE token from liquidity mining?

  1. Step into Seed Menu

There are 9 mining pools in this section. Choose your preferred.

2. Approve and Stake your LP tokens

All supported LP tokens in RiceQuant now are from MDEX. Please provide the specified trading pairs liquidity in MDEX.

3. Confirm the LP token Approving and Staking.

How to buy RICE at 98% discount price?

  1. Step into the Costco menu

2. We support buy RICE at discount price paid by rTokens. Please choose the rTokens in your hand.

3. Swap rTokens for RICE

4. Input the amount of rUSD you wanna pay for

5. Confirm it from Metamask

Enjoy the wealth train and bring the rice home. Have a good time.

About RiceQuant

RiceQuant is the Processing Farm for Governance Token Capitalization

Join Community:

Website: ricequant.fi

Tweet: https://twitter.com/RiceQuant

Discord:discord.gg/PuKuxtW

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