CoinMarketCap takes a deep dive into RichQuack (QUACK), a community-driven project that features multiple strategies to offer high returns to investors.
(QUACK) is a 100% community-driven project that is designed for automatic liquidity
that generates payouts and static rewards for its holders
. With a play on words that mocks a growing trend of newbie crypto enthusiasts looking to get rich quickly, RichQuack put out a bold claim that is set to develop an actual community-driven ecosystem that will allow token holders to earn by simply holding the token. The platform plans to launch a jackpot ruffle event,
aptly called the "Quackpot," as well as a lottery game
that will be played in hourly, daily, weekly and monthly intervals.
At the time of writing, the price of RichQuack is set at $0.000000000078.
At the moment, there is no mention of the creators of the RichQuack (QUACK) token. The platform's website, however, claims that the project is 100% community-driven and managed by volunteers.
RichQuack offers a hyper-deflationary token
where 50% of its supply is set to be burned or sent to a black hole. The platform's token features a 10% transaction fee
that is automatically distributed to RichQuack (QUACK) token holders through an automated yield farming
system as well as a liquidity mining infrastructure. Out of the collected fees, 5% will go to the auto-farming system
, where tokens will be distributed to the token holders. Another 5% will be locked in a liquidity pool
Going forward, the token will offer a jackpot ruffle event called the "Quackpot" that will give platform users a chance to win big prizes. Other features include a lottery game that will be played on an hourly, daily, weekly, and monthly basis. The project aims to become the world's first community-driven token ecosystem. The team behind RichQuack (QUACK) hopes that it will be used by millions looking to put their money to work.
The RichQuack (QUACK) token is built on the increasingly popular Binance Smart Chain
. It is a BEP-20
token with a total supply
of 100 quadrillions
. There isn't any data on its current circulating supply
as of the time of writing.
RichQuack (QUACK) target users are those looking to get rich quickly through great returns on their investments.
RichQuack (QUACK) works as a hyper-deflationary token designed to generate payouts and static rewards for its holders through an automated yield farming process. The project's underlying algorithm automatically collects 10% of the transaction fees that will be spent on rewards and liquidity pools.
Out of the collected fees, 5% will go to the auto-farming system
, where tokens will be distributed to the token holders. Another 5% will be locked in a liquidity pool on PancakeSwap
. Going forward, the project is set to deploy 3% of its marketing wallet reserves to an airdrop and staking promo. The platform also plans to launch an anti-whale strategy where selling will be restricted to less than 0.1% of the total supply where no wallet will be allowed to hold more than 1% of the total supply.
Currently, you can only trade RichQuack (QUACK) on PancakeSwap and Hotbit
Multiple variables go towards predicting the future price of any crypto asset. Since there isn't enough data on most of these factors in the case of RichQauck (QUACK), it is not possible to predict the price. Market estimation and prediction require information about a token's circulating supply as well as the community’s interest in the project.
It remains to be seen whether RichQuack has a future. The project has planned to offer multiple features to its users, including the chance to win jackpots and earn rewards while automating the liquidity mining process. RichQuack (QUACK) is a community-driven project that seeks to make its investors rich in a short period of time.
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