Cryptocurrency challenge RichQUACK.com skilled a surge of curiosity in Aug., in response to metrics from CoinMarketCap.
With over 229,000 CoinMarketCap customers including RichQUACK.com to their watchlist, greater than double second-place SENSO, it overcame even Bitcoin to assert the highest spot on the listing.
CMC highlighted that the Binance Smart Chain-based memecoin, which ranked first amongst BNB Chain tasks by social exercise, derives its power from its neighborhood.
In addition to the not too long ago achieved all-time high of 128,000 on-chain holders, the challenge has attracted over 268,000 Twitter followers, 50,800 Telegram members, and 19,400 Discord members.
Although down in the previous 30 days since a spiked peak in Aug., the token has appreciated 1,220% over the previous yr, in response to CoinGecko.
Originally supposed as a quasi-competitor to Dogecoin when launched in June 2021, RichQUACK is a community-driven challenge designed for automated liquidity that generates payouts and static rewards for its holders.
RichQUACK incorporates a BEP-20 token that’s hyper-deflationary. This implies that whereas 50% of its whole QUACK provide of 100 quadrillion was seeded as liquidity, the protocol’s Black Hole Algorithm is designed to exponentially scale back the rest.
QUACK additionally incorporates a 10% transaction payment, routinely distributed to token holders by an automatic yield farming system. Out of the collected charges, 5% goes to the auto-farming system, the place tokens are distributed to the token holders, whereas one other 5% is locked in a liquidity pool on PancakeSwap.
The platform additionally presents a jackpot ruffle occasion dubbed the “Quackpot,” in addition to a lottery recreation that shall be performed in hourly, day by day, weekly, and month-to-month intervals, that offers platform customers an opportunity to win prizes.
RichQUACK additionally serves as a facilitator between enterprising blockchain-based startups and potential buyers. It presents startups funding, assist and recommendation, with the assistance of various groups.
While one arranges the required sources and processes for a profitable launch, one other generates content material to advertise the challenge on social media platforms. Using partnerships with exchanges, RichQUACK additionally connects these startups with enterprise administration.
In the meantime, RichQUACK additionally vets these corporations on behalf of potential buyers. Any potential firms are welcome to use, however should go RichQUACK’s strict high quality commonplace examine and know your buyer (KYC) agreements, in order to cut back threat publicity for its customers.
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