Raindrops
RAINStandardizing gamification across Solana
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Project Overview
Raindrops Protocol is a series of five ¨¤ la carte contracts that govern on-chain or proof-on-chain data specifically for games, allowing any player or item to be interchangeable with any game client that can process them. The types of data that Raindrops makes available consist of items, players, games, matches, and staking
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ZachXBT Warns: Rain Protocol Likely Linked to Serial Scam Team—Investors Advised to Avoid
According to an investigation by on-chain detective ZachXBT, Rain Protocol ($RAIN), a prediction market project with a market cap of approximately $8.8 billion, faces serious risks. ZachXBT traced on-chain addresses and found that RAIN’s team funding is linked to the Gems hot wallet. The same addresses previously transferred funds simultaneously for the failed projects DOP and TOMI—suggesting possible team overlap. TOMI, DOP, and Sirin Labs all trace back to controversial Israeli businessman Moshe Hogeg, who was detained in 2021 for crypto-related fraud and charged by police in 2023 with orchestrating a $290 million cryptocurrency fraud scheme. Additionally, $RAIN’s token price appears to be manipulated on-chain; its Total Value Locked (TVL) consists almost entirely of its own highly illiquid native token, and its annual fee revenue amounts to only about $1 million. Gems.vip—the launchpad that incubated these projects—is reportedly preparing a new presale for Kai Platform. Meanwhile, DOP’s previously raised $162 million remains unaccounted for, prompting ongoing complaints from retail investors.
HTX will list RAIN at 8:00 PM today and simultaneously launch isolated margin leveraged trading for the RAIN/USDT (10x) pair.
The cryptocurrency margin trading service will introduce RAIN/USDT (10x) isolated margin trading on April 29 at 20:00 (GMT+8). Rain is a fully decentralized prediction market protocol built on Arbitrum, offering cross-chain support. Positioned as the “Uniswap of prediction markets,” it provides a permissionless framework enabling anyone to create and trade custom markets without restrictions.