The world’s most advanced synthetic rebase token
Cryptocurrencies keep on increasing due to the nature of innovation and our desire for constant improvement. One way of thinking of this, is to look at the example of the millions of apps that providers like Apple or Google have. Many of them do essentially the same thing, but we still end up having many of them. Imagine an app that streams music, for instance. There isn’t just one, but hundreds of them. We love some and dislike others. Still, many others keep on being developed, time and time again.
This is what cryptocurrency is like. For example, although we have cryptocurrencies with smart contracts that essentially work in the same way, more and more continue to emerge. What they do is tweak elements in the protocol, and promise the next revolutionary smart contracts platform. Think of Ethereum as the best platform for Smart contracts. Now there are numerous platforms with tokens that run the same type of network. NEO – the Chinese Ethereum, Cardano – the Japanese Ethereum, Stellar, EOS to name just a few, are all competing to catch up with Ethereum. If you are still wondering why there are so many cryptocurrencies, think along these lines.
With Bitcoin being so popular, many other coins emerged. The main aim of most cryptocurrencies is to provide a decentralised form of digital currency that can serve as the perfect alternative to traditional currency. Cryptocurrencies are built on a blockchain. This provides developers with a lot of opportunities to create different functionalities for different cryptocurrencies. Blockchain is a technology open for all, meaning; anyone can develop their own cryptocurrency if they know their way around the blockchain.
No one really controls blockchain technology. Anyone who has the knowledge about how the technology works can use it to develop their own virtual currency. Looking back at the development, Satoshi Nakamoto was the first to use blockchain technology to create Bitcoin. But soon after, other developers realized they too could exploit the same technology to develop a better “version” of the original.
It is tedious to research and monitor different coins or tokens at once and so many pumps and dumps that are happening. Especially if you do want another project to another and to another which is time-consuming.
Introducing The Rise Token
Rise Protocol is the worlds most advanced rebase token. Though initially pegged to 0.01 ETH, Rise has the ability, through governance, to adapt and be dynamically pegged to any asset class depending on investor and market sentiment. This allows for a level of flexibility and adaptability never seen before.
- A token adjustment occurs daily at 20:00 UTC. If the price of Rise is above peg, then due to its price elastic supply, a rebase occurs, meaning that holders will automatically receive more tokens in their wallets. If at 20:00 UTC the price of Rise is 5% below peg for 3 consecutive days, then a supply adjustment occurs. This reduces the number of tokens in your wallet, but increases their value. Your total wallet value will be the same after a supply adjustment.
- Powerful deflationary mechanisms are in place to maintain the value of Rise to peg with the introduction of a Supermassive Black Hole. This is a viewable burn address that grows in size over time through dedicated burns from each transaction and frictionless yield. The Supermassive Black Hole also scales with rebases. 1% of each sell is sent to the Supermassive Black Hole. As the Hole grows larger, the deflationary effects also grow larger, creating a feedback loop that exponentially scales the deflationary effect over time.
- Just by owning Rise tokens, you will receive rewards directly into your wallet. Effortless and frictionless yield aggregation automatically sends a percentage of every transaction to all Rise holders. No gas is used, and your wallet balance will automatically increase after each and every transaction.
- Automatic distribution of rewards for liquidity providers. A percentage of each sell will be sent to the contract, and automatically distributed to all liquidity providers. There is no need to stake your LP tokens. Simply hold the Uniswap LP tokens in your wallet to receive the rewards. The automatic distribution will be triggered once the contract accrues 100 Rise tokens. This distribution will be tagged unto the next transaction. The sender of this transaction will automatically be over-compensated in Rise tokens for the additional gas cost.
“Sustainable, Adaptable, Fair, and Secure”: these are the four tenets that Rise Protocol was built upon. Every aspect of the token, presale, smart contract, etc. was created with these core values in mind.
Many other DeFi projects sacrifice one or more of these values, which creates scenarios like ridiculously unfair advantages for early private investors, or generating short lived and temporary hype, or creating a rigid contract that has no ability to adapt or change to the ever evolving crypto market, or a contract that is subject to exploits.
Initial total supply – 100,000 RISE
Presale – 37,500 RISE
Initial Uniswap Liquidity – 30,000 RISE
Seed investors (vested over 1 month) – 25,000 RISE
Team funds (vested over 2 months) – 5,000 RISE
Development & Marketing – 2,500 RISE
Uniswap & Dextools :
As seen on Coingecko:
$RISE #ieo #blockchain #dot #bounty #defi #Rise #RiseProtocol #RebaseToken #FrictionlessYield #Rebases #DynamicPeg #blackhole #AutoLiquidity #AutoRewards.
Website – https://riseprotocol.io/
🔹Twitter – https://twitter.com/RiseProtocol
🔹Telegram – https://t.me/RiseProtocolOfficial
🔹Medium – https://riseprotocolofficial.medium.com/
🔹Reddit – https://www.reddit.com/user/riseprotocolofficial