Introduction
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Decentralized Finance
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving on, the project I'm going to present you is Rise Protocol (https://riseprotocol.io), the world’s most advanced synthetic rebase token.
Definition
In more detail, Rise Protocol (https://riseprotocol.io) is a new decentralized finance protocol that combines tokenomics and revolutionary new features. Important: the smart contract has already passed the audits of CTDSec (professional auditing company) and WarOnRugs' Shappy.
How does it work?
The Rise Protocol is pegged to 0.01 ETH in its most initial phase. However, Rise has the ability, through governance, to dynamically adapt and link to any asset class based on investor and market sentiment, giving it flexibility and adaptability.
Token adjustment occurs daily at 20:00 UTC. If the price of Rise is above par, due to its elastic supply, a reset occurs, meaning holders will automatically receive more tokens in their portfolios. If at 20:00 UTC the price of Rise is 5% below par for 3 consecutive days, a bid adjustment occurs. Note that this reduces the number of tokens in your portfolio, but increases their value.
In addition, there are numerous benefits to owning Rise. For one, the effortless and frictionless aggregation of returns automatically sends a percentage of each transaction to all Rise holders. On the other hand, an automatic distribution of rewards is made to liquidity providers. A percentage of each sale will be sent to the contract, and will be automatically distributed to all liquidity providers.
Table of Benefits
Bounty program
The project gives the opportunity to earn Rise tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (BTT_Thread_Rise Protocol), where you can access the link in order to see what are the conditions to become an early Rise contributor and start acquiring tokens.
For more information about the project, you can visit and read their LitePaper available here (RiseProtocol_LP). You can also stay tuned in their official Telegram Channel (https://t.me/RiseProtocolOfficial). I hope you liked the post and soon I'll send you new ones.
Token details
1 RISE = 0.01 ETH
Type: ERC-20
Total supply: 100,000 RISE
Roadmap
Social Media Links
Litepaper: Litepaper_RiseProtocol
Reddit: https://www.reddit.com/user/riseprotocolofficial
Twitter: https://twitter.com/RiseProtocol
Telegram: https://t.me/RiseProtocolOfficial
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Author Details
Email: [email protected]
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum wallet: 0x3e10d9Cb6a5af372C00563aA19FEE3122A5C0Cd4
Bitcointalk Proof of Authentication link: #1581
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