RISE PROTOCOL PROJECT - A REVIEW

 


INTRODUCTION

RISE PROTOCOL is a Defi project that is anchored on Etherum platform at 0.01ETH. Most crypto Defi are anchored on strong fiat currencies like the United States dollar or valued commodities like gold to ensure its liquidity and durability. These currencies and commodities may lose its value in volatile situations resulting from changes in the market conditions.

RISE protocol is pegged to Etherum because of its stronghold and important in the Defi system generally.

RISE will consolidate on the benefits of the existing Defi platforms and also improve on their deficiencies to structure a platform that will maximize the wealth of investors and participants.

The platform has a good management team that has professional experience in Defi services which they will apply to achieve the goal of the company.

The company was audited by and qualified before its launching by a good auditing firm.

ABOUT TOKEN

Every Defi platform has a registered token that is used for transactions on its platform. RISE is the basic token of the RISE protocol platform. It is an Etherum ERC 20 based token.

The RISE token is anchored on Etherum and also has the flexibility to be anchored on any other crypto assets.

Holders of RISE token will continuously benefit from the tax charges on transactions done in the RISE platform. This is done through frictionless yield which keeps a percentage of every RISE trading and shares it to RISE holders in real time.

RISE token has an established backbone which it will fall back to in time of negative rebase. It is the "Supermassive Black Hole". This is feed from frictionless yield and it grows to cover up deflationary effects.

The management of RISE protocol control the supply of RISE token to the platform in order to preserve its value. They adjust supply of RISE in response to the market forces of demand and supply, and according to the variance of the peg price.
If the price of RISE is below the peg, less RISE tokens will be supplied. The reverse is the case when the price of RISE is above the peg.
This process enhances the Liquidity and value of the RISE token.

Providers of liquidity are rewarded with RISE tokens. Holders of RISE tokens benefit tremendously from transactions in the RISE protocol platform. Thus, RISE token is a good buy.

The RISE protocol will supply 100,000 RISE tokens to the platform. These tokens will be distributed as follows:

Presale - 37,500 RISE

Seed investment - 25,000 RISE

Liquidity Providers - 30,000 RISE

Marketing and Development - 2,500 RISE.

Presale - 37,500 RISE

Seed investment - 25,000 RISE

Liquidity Providers - 30,000 RISE

Marketing and Development - 2,500 RISE.

Team - 5,000




OPERATIONS OF RISE PLATFORM

BUYING AND SELLING OF RISE

RISE tokens can be bought and sold on Uniswap. The buying of RISE does not attract tax, but selling RISE attracts 5% tax.


TRANSFER OF RISE

Transferring of RISE tokens attract tax of 2%.

These tax charges on RISE transactions are used to fund Liquidity, reward LP providers, fund the frictionless yield and also used in deflationary mechanisms.

FRICTIONLESS YIELD

This is a fund created for rewarding RISE tokens holders. It is fed from the tax commission charged on RISE transactions. This fund is distributed to the wallets of RISE holders in real time.

PROMOTIONAL AND MARKETING FUNDS

The company dedicates this fund to future marketing and promotions activities. This ensures continuous marketing activities to promote the platform.





AUTHOR'S DETAILS

Bitcointalk Username: satearwana77


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