But this is only the introduction to the next step in the paradigm. We introduce to you FATE.
RITE ownership grants access to FATE. FATE is a new ERC20 token that allows users a portion of the Proof of Gate (PoG) LP.
Learn more about PoG here: https://medium.com/@heavensgatefi/heavens-gate-an-overview-of-our-mission-roadmap-de6fc2058396
There is a fixed supply of FATE, minted fully at creation. It will be split between initial liquidity in a Uniswap FATE/HATE pool, and as rewards in our next staking system.
Users can earn FATE by staking RITE + HATE. FATE rewards will be yielded through a dual-asset pricing-oracle-controlled pooled staking structure, similar to RITE.
However, since RITE does not have a fixed supply, and since we expect the fair value of RITE to be determined by the market after a long price discovery period, the “amount of RITE” needed for each staking pool will not be controlled by a price oracle. Instead, it will be a relative amount (percentage) of the total distribution of RITE. Thus, the amount of RITE required to stake RITE + HATE and acquire FATE will increase over time.
After all of the FATE which were initially sent to the staking contract have been yielded as rewards, it’s done. No more will be minted. After that, if you need FATE, it will only be accessible through purchase on the public market.
My FATE is known
With your FATE in hand, contribute liquidity to the Uniswap FATE/HATE pool. Those LP tokens grant you access to the final step in your ascension to heaven.
The last staking pool, the PoG Reward Staking Pool, will accept FATE/HATE LP tokens, and will grant you a claim on the HATE/ETH PoG Tax Liquidity.
This is the final frontier. As PoG liquidity in the HATE/ETH pool rises, liquidity profits will be sent to the PoG Reward Staking Pool, which distributes them proportionally to everyone with a stake.
We at Heavens Gate, greatly thank those of you for trusting the plan. Thus, we are happy to push the dream of ascension forward through distributing Proof of Gate to only those worthy. Do note that this entire process generates PoG through staking/unstaking RI+HATE, RITE+HATE, and FATE+HATE.
All tokens will be tradable on the public market, so there will be incentive for sharp traders to stake + unstake accordingly with market conditions. Although PoG liquidity will be distributed for those yield farming FATE + HATE, overall the entire process is net positive for PoG liquidity.
We look forward to seeing you on the other side of the pearly gates.
Come join us. We have been waiting for you.