Hey guys, how are y'all doing today, hope you're all good, today I'm going to be talking about an awesome project called Rise Protocol, the key features, token metrics and other exciting features about it, so just keep reading and enjoy the ride, shall we? :)
First off, I know every would like to know What is Rise Protocol?
Rise Protocol is a decentralized synthetic rebase asset with built-in advanced financial tools that will allow it to work as a hedge against any crypto asset class.
Sounds cool right? , here's another interesting part, Rise initial peg to Ethereum was selected due to its fundamental importance in DeFi as a whole. This peg to ETH is also easily digestible, as investors must purchase RISE using ETH.
However, there's one question that everyone will like to ask and that's,
Why do we need Rise Protocol?
Well, despite the huge success of so many rebase and inventory market progressions out there e.g frictionless yield generation,there's still one question remained unanswered, which is Why can’t there be a project combining the advantages of past projects into one, while learning from their downfalls to derive the maximum long-term value for DeFi investors?
Well, Rise Protocol is the answer to this question as it manages volatility in price through an elastic supply, deflationary mechanisms, frictionless yield, and industry leading governance.
This combination of technology and human contributions will enable Rise to rapidly grow in no time, but not outpace demand or supply. So, the token ticker is named - RISE.
Here are some features of Rise token :
Dynamic Peg :
As I said earlier, Rise will be pegged to Ethereum at the price of 0.01 ETH and it will use an initial lag factor of 5 to help prevent over-inflation. However through governance, this lag can be adjusted in the future providing further protection against sometimes wildly changing market conditions.
Frictionless Yield :
This would help Investors in RISE to continuously get beneficiaries of frictionless yield. This cutting edge technology instantly distributes a percentage of every buy and sell transaction back to the wallet of all Rise holders. Note that this benefit is of no cost to the investor and happens automatically, so as an investor you can get this benefit without paying any gas fee to get it :).
Revolutionary Hybrid Approach to Negative Rebase :
The Rise Protocol team have conducted several market analysis and observation, so far they found out that negative rebases have an incredibly demotivating effect on investors.
For those who don't know what a negative rebase means "A negative rebase is where the supply of a token decreases in response to a market price falling below the peg price."
Although no value is lost during a negative rebase, but it seems many investors fail to understand this :(.
All these was taken into consideration both the necessity and the detrimental effect that negative rebases can have, Rise Protocol decided to adopt a revolutionary hybrid approach that incorporates powerful deflationary mechanisms, which will be the first amongst rebase tokens and will allow them to greatly reduce the number of negative rebases while also allowing time to effectively communicate an impending supply contraction to our investors.
Supermassive Black Hole :
Due to demovating effects negative rebase has on investors, Rise Protocol first line of defense against a negative rebase is a Supermassive Black Hole.
This is a publicly viewable burn address that would receive a fixed percentage of RISE for every transaction. Each and every transaction will feed the Supermassive Black Hole,this address will also grow through the frictionless yield and will scale with rebases. As the Supermassive Black Hole grows larger with time, the deflationary effects also grow larger, creating a feedback loop that exponentially scales the deflationary effects over time.
Supply Adjustments :
When you hear "Supply Adjustments" I guess you should know what that means, but if you don't, here's how it going to be.
If, however the market price is below 5% of the ETH pegged price for three (3) consecutive days at 20:00 UTC, a supply adjustment will be triggered, which will instantly bring market price to peg while reducing the supply of RISE.
Liquidity Provider Rewards :
Rise Protocol Liquidity providers will automatically receive a distribution of rewards. Like frictionless yield, but only for those who choose to provide liquidity a portion of each transaction will be automatically be rewarded to liquidity providers. There is no need to interact with a staking interface. Simply hold the LP tokens from Uniswap in your wallet, and you will see the value increasing over time.
Conclusion :
Rise Protocol is the world’s most advanced synthetic rebase token, Rise Protocol combines revolutionary tokenomics and features with the best and latest decentralized finance (DeFi) technology. Smart contract has already passed audits by CTDSec (professional auditing firm) and Shappy from WarOnRugs.
Sustainability, Adaptable, Fair, and Secure all 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.
Here's the token metrics:
Token ticker : Rise
Blockchain : Ethereum
Total Supply : 100,000
Token Distribution :
Total Supply : 100,000
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
So guys, we have come to the end of this awesome project review, what do you think about it? , kindly use the comment box below, I would really hear from you guys :).
Thanks for your time, do you have a nice day, Cheers!!!.
Before I go,here are some useful Links :
Website : https://riseprotocol.io/
Litepaper : https://riseprotocol.io/rise_litepaper/
Twitter : https://twitter.com/RiseProtocol
Telegram : https://t.me/RiseProtocolOfficial
Medium : https://medium.com/@riseprotocolofficial
Reddit : https://www.reddit.com/user/riseprotocolofficial
#Proof of authentication
Forum Username : Traderbtcc
Forum Profile Link : https://bitcointalk.org/index.php?action=profile;u=790538
ETH Address : 0x4E370Ab49a80B492152ADc155D02D6dd372137E1
