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What is the description of the coin?
RichQuack is a project driven by the community, offering various utilities such as staking, community voting, launchpad, incubator, and metaverse. The $QUACK token is a hyper-deflationary token that automatically generates liquidity and provides static rewards to holders. The RichQuake team created the $QUACK token with the intention of satirizing individuals who rely solely on luck or destiny to achieve wealth, without putting in any effort.
Answers
What Is Rich Quack (QUACK)?
Rich Quack is a hyper-deflationary Binance Smart Chain (BSC) meme token that aims to reward holders through frictionless yield generation. Holders receive fees awarded by the smart contract, immediately reflected in their balance. No staking or waiting for fee delivery is required.
Rich Quack aims to provide its holders with opportunities to make money through investing, building, holding, and winning. The project aims to become a safe and secure investing and fundraising platform, offering a jackpot raffle for holding and a lotto that pays out regularly.
The protocol generates frictionless yield through a 12% transaction fee. 4% is distributed to holders, 4% is provided to the QUACK/BNB liquidity pool, 2% goes to pump and burn wallets to create an ever-rising price floor, and 2% goes to the marketing and developer wallet.
Rich Quack encourages its followers and users to join the QUACK army and recruit more people to get rich quack together.
Who Are the Founders of Rich Quack?
The founders of Rich Quack have chosen to remain anonymous, which can be a risk. However, the success of the project depends more on community growth and effort rather than the founders' identities.
What Makes Rich Quack Unique?
Rich Quack follows the standard meme coin formula of applying a 12% transaction fee to incentivize token holding. Its unique feature is the launchpad, which aims to be a safe and secure investment platform. Rich Quack also features an anti-whale mechanism that limits whale holdings and sales.
The upcoming release of the Rich Quack mega jackpot raffle and lottery platform in Q4 2021 sets it apart from other meme coins and may drive future price appreciation.
How Many Rich Quack (QUACK) Coins Are There in Circulation?
The total supply of QUACK is 100 quadrillion. Rich Quack launched with a high supply to attract retail buyers. 50% of the supply was burned immediately, and the remaining 50% was provided as liquidity. The project pledges to allocate 50% of future Quack Launch Platform profits as rewards for liquidity providers.
How Is the Rich Quack Network Secured?
Rich Quack is a BEP-20 token on the Binance Smart Chain (BSC). It has been independently audited by Techrate. BSC, known for its low fees and fast transaction times, is secured through the proof-of-stake consensus mechanism with 21 validators elected every 24 hours.
When Will Rich Quack Trading Begin?
Rich Quack trading began on June 9, 2021, and reached an all-time high of $0.16536 per 1 billion QUACK on June 15.
Can Rich Quack Hit $0.01?
With a total supply of 100 quadrillion (50% burned), it is unlikely for Rich Quack to reach $0.01. However, even a slight increase in price can yield significant gains due to its low starting price.
Where Can You Buy Rich Quack (QUACK)?
QUACK is available on Pancakeswap (V2). For beginners, BYDFi's education portal, Alexandria, provides information on how to enter the market and purchase BTC, QUACK, or any other token.
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