What Is RichQuack.com (QUACK)?
RichQuack (QUACK) is a hyper-deflationary, self-generating automatic liquidity platform that aims to offer static rewards to the token holders on the platform. Static rewards work at increasing the security of the network by benefitting the users for being present on the platform. Hyper-deflationary tokens allow the platform to reward community members by protecting their holdings from supply changes and increasing the value of their holdings.
The QUACK token of the RichQuack platform operates on the Binance Smart Chain (BSC). QUACK aims to be a 100% community-driven, governance-based, and transparent token offering real utility. The token aims to have an anti-whale feature in which no wallet holds more than 1% of token supply and selling is restricted to less than 1% of the total supply. An anti-whale mechanism is a system that counters or checks the activities of crypto traders (individuals, entities, institutions, and exchanges holding significant amounts of tokens) who manipulate the price of a cryptocurrency. The QUACK token has a 12% transaction fee, which is further distributed as a 4% reward to the holders, 4% in auto liquidity, 2% in Quack PUMP (purchasing of large quantities to push the demand) and burn wallet, and 2% to the marketing wallet.
Along with this, the total ecosystem rewards on the account for 3% of the total transactions occurring on the platform. 1% goes in the deployer’s wallet, and 2% is locked in Team.Finance (allows token holders to secure their liquidity + tokens) for staking rewards airdrop. According to the RichQuack whitepaper, the platform aims to introduce the following future products:
Launchpad platform: The platform aims to help the user to invest tokens on the launchpad.
Mega Jackpot Raffle: RichQuack aims to have a Mega Jackpot Raffle wherein the more tokens users have, the higher their chances to win rewards.
Lottery Platform: RichQuack envisions having a daily, weekly, and monthly lottery system for users to gamble using their tokens.
History of RichQuack.com (QUACK)
The QUACK token was created in June 2021. The maximum total supply of QUACK is 100 quadrillion QUACKs.
How Are New RichQuack.com (QUACK) Created & Staked?
Users can stake their QUACK tokens on the platform to earn rewards. Out of the total revenue of RichQuack,50% goes as mining rewards for liquidity providers, and 20% goes to the mega jackpot raffles. QUACK aims to use the remaining 30% to buy QUACK tokens and send them to a black hole (burning). Burning is the removal of tokens from circulation to reduce the number of coins in use. RichQuack’s allocation model is divided into nine tiers based on the number of QUACK staked by the user on RichQuack.
