Rare coin will be integrating with BrightID, an accessible non-invasive open-source sybil resilience service, to protect against bots and multi claims from any single party in the rare.claims distribution app. This is a mandatory update to ensure a fairly distributed currency for the years to come. We will be automatically whitelisting any addresses before {March 31st 2021} that successfully registered at least once with the rare.claims front-end app using the Metamask wallet.
All future claimers, none whitelisted claimers, or none verified brightID claimers will now need to prove their humanity by joining a verification party once to verify a claiming address of their choice to continue to make daily claims. You can do this now if you haven’t already, to prepare for the transition (We will post a Follow-up tutorial after launch as well) In order to implement the highest level security, we must re-launch the Claimer & Rare Token Contract at a new address. This means all current holders of the current Rare token will be required to exchange their rare balances for the new v2 Rare tokens.
The rare v2 token will start with a circulating supply to match the current circulating supply of rare v1 as of the migration date and will be claimable at a 1:1 ratio via the swap app. The remaining supply will retain the same issuance policy as rare v1. As of the migration date, Metamask users will be able to swap v1 for v2 at rare-claims-v2.vercel.app/swap & Alphawallet users at https://rare.claims/swap .
The planned migration date is *April 14th*. This date can change based on how long it takes to get our app verified by brightID. On migration day, The claiming app will be unavailable for registration or claiming while the upgrades are implemented. Take note, You will be unable to claim any rare registered the day before the migration date. Therefore Claimers shall be compensated via the May 1st Airdrop. The swap app will become live as of the migration date and allow you to start porting your old tokens for the new v2 tokens.
All current LP providers will need to unpool your current liquidity and swap your rare tokens to v2 before the migration date prior to transferring your liquidity to the new pool to be able to qualify for staking rewards when launched. We are now aiming for a May 1st launch for the staking app and will continue to update you if we experience any more delays.
To reward our community, anyone who successfully registers and claims at least once using the new system between now and April 30th will be eligible for the upcoming airdrop of 14 tokens to be evenly distributed on May 1st to all claimers.
More info can be found at https://rare.fyi/faqs!
