Auto-Invest - Rigelprotocol — a decentralized Blockchain protocol for a diverse set of DeFi products. It is built to improve and update existing decentralized finance (DeFi) features, as well as introduce several innovative DeFi products to improve scalability, blockchain security, user experience and adoption.
Description of Auto-Invest - Rigelprotocol
Auto-Invest - Rigelprotocol features several DeFi products such as cross-chain transactions, smart token exchange, farming, leverage trading and more. The Rigel Protocol Leverage Trading ecosystem will run on the $RGP token.
The $RGP token will help to reward liquidity providers. The Rigel protocol is completely designed, configured, developed and managed by the community. Farmers and lenders will also be able to receive $RGP tokens. Rigel Protocol's income farming feature will protect cash flow providers by having a significant APY (percentage annual return) and lock-up period for tokens, mined through this pool. Power and ownership is retained by the user, leaving control of the funds to the community in a decentralized and non-custodial manner.
Users will have the opportunity to win RGP tokens and other compatible tokens of various values, as well as purchase "spins" as gifts to other users. Defi projects can apply to use the Gifting Dapp to reward and promote their platforms within their user base and other crypto communities.
The utility of the token is twofold:
| Control | RGP token holders will be able to vote on product features, token utility, auction types and even decide which projects will be added or featured on the platform. |
| Fees | Transaction fees will be paid in $RGP. |
The Rigel Protocol governance ecosystem aims to create a robust and sustainable protocol for development and use. RGP holders will be able to vote on ecosystem initiatives, new features and developments, liquidity reward distribution specifications and other applications.
RGP holders need to stake $RGP to be able to vote and submit proposals. Proposals will first be discussed offline on the Rigel Protocol governance platform. The idea behind this pre-voting mechanism - to facilitate discussion of proposals before submitting them to the network.
Network connection
The Rigel protocol allows users to directly connect to their platform through Web3 enabled wallets such as Metamask or TrustWallet. Metamask is the most widely used and user-friendly desktop wallet. On the Rigel protocol page, click "Connect" and select the desired network: Binance Smart Chain or Ethereum. Select your MetaMask wallet from the available options and then "Connect Wallet". A pop-up window will appear with your account, select a wallet and click "Next" and "Connect".