As the BNB token is surging back from a recent dip, tokens paired with the Binance coin like QUACK are in a prime position to gain.
Rich Quack – Offering Promising Returns
While there are a ton of platforms that promise new crypto users lucrative returns along with a promise of getting rich quickly, only a few deliver on their promises.
Rich Quack is a community-driven platform that offers its users a chance to earn rewards and get rich by working hard together as a community.
The platform has been built by a core team of seasoned business veterans and is managed by volunteers. It has also passed a security audit by TechRate, and the project seeks to be rug-proof.
BNB is the main trading pair for Rich Quack. The rise of BNB means that associated projects like Rich Quack stand a solid chance at seeing similar success.
What is Rich Quack?
Rich Quack is a community-driven platform that generates payouts and aims to allow its token holders a chance to make profits simply by holding the QUACK token.
It offers its users a hyper-deflationary token that has a built-in 12% transaction fee. This is spent on liquidity pools and rewarding users of the platform.
Apart from its token, the platform also gives users access to Mega Quackpot, Quackpad (Launchpad Platform), and a Lottery platform.
Rich Quack is going to list on the XT Exchange on August 31st, where they will trade on Main Group Trading. RichQUACK banner will also be displayed on BTOK, the largest Chinese crypto social media platform, exclusively from August 30th to September 1st.
A Completely Decentralized Model
The Rich Quack platform is 100% community-driven and is led and managed by volunteers. The platform is also building a DAO (Decentralized Autonomous Organization) mechanism for voting and ensuring that the token holders get a chance to vote on future projects that would be launched on their IDO platform.
Token holders will also get a chance to vote on developments and updates on the platform occasionally, granting them partial governance of the platform.
How Does the Platform Work?
The Rich Quack platform has an automated yield farming system and a liquidity mining infrastructure that uses the 12% built-in transaction fees to distribute rewards among QUACK token holders.
Out of the 12%, a 4% tax is used to reward holders, whereas another 4% liquidity will be locked for 5 years. A 2% share is sold to BNB for marketing and development wallet while the remaining 2% is set aside for QUACK pump and blackhole wallet.
The Rich QUACK Token
The QUACK token is a BEP-20 token built on Binance Smart Chain (BSC) and can be bought on PancakeSwap and Hotbit.
A 50% share of the total 100 Quadrillion QUACK tokens are sent to the blackhole wallet address. The blackhole also receives the holder’s reflection, which has been set at 4% currently.
The QUACK token’s main goal is to help long-term investors earn money and given its deflationary nature, users will get a chance to make profits by just holding the token.
Blackhole and Auto-Liquidity
As mentioned earlier, a 50% share of the total number of QUACK tokens is in the blackhole address and 4% of holder reflection is sent to the address, which would result in a significant growth in the blackhole.
Another 4% of the total 12% of transaction fee goes to the QUACK/BNB pool on PancakeSwap creating a price floor that is continuously increasing.
These measures ensure that there is higher liquidity of the token in the market and also helps to keep a low volatility rate. This creates a market that is more stable with lesser price fluctuations for the QUACK token holders.
QUACK Pump and Quackpot
QUACK pump wallet is a feature that would be used to buy back the QUACK token during important events and all the tokens that are bought with this wallet would be sent to the blackhole address. This address is completely inaccessible, effectively burning the tokens.
Quackpot is another feature that will be offered to the Rich Quack users wherein they will stand a chance to win prizes. This would be through a jackpot raffle event called the ‘Quackpot’.
The platform is also going to launch a lottery game which would be played hourly, daily, weekly, and monthly.
Final Thoughts
Rich Quack stays true to the idea of decentralization and its anti-whale feature, auto-liquidity, and the upcoming Quackpot and QUACK pump features will also provide users with a great chance to earn profits.
The platform’s native token, QUACK was one of the top 10 on the list of most searched crypto assets and among the top 13 trending tokens on CoinMarketCap just 15 days after its launch. The QUACK token gives its community a chance to work towards earning profits.
To learn more about Rich Quack, visit the following links:
Website
Telegram Group
Discord
Source : bsc.news
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