Introducing The Rise Token
Rise Protocol is the worlds most advanced rebase token. Though initially pegged to 0.01 ETH, Rise has the ability, through governance, to adapt and be dynamically pegged to any asset class depending on investor and market sentiment. This allows for a level of flexibility and adaptability never seen before.
- A token adjustment occurs daily at 20:00 UTC. If the price of Rise is above peg, then due to its price elastic supply, a rebase occurs, meaning that holders will automatically receive more tokens in their wallets. If at 20:00 UTC the price of Rise is 5% below peg for 3 consecutive days, then a supply adjustment occurs. This reduces the number of tokens in your wallet, but increases their value. Your total wallet value will be the same after a supply adjustment.
- Powerful deflationary mechanisms are in place to maintain the value of Rise to peg with the introduction of a Supermassive Black Hole. This is a viewable burn address that grows in size over time through dedicated burns from each transaction and frictionless yield. The Supermassive Black Hole also scales with rebases. 1% of each sell is sent to the Supermassive Black Hole. As the Hole grows larger, the deflationary effects also grow larger, creating a feedback loop that exponentially scales the deflationary effect over time.
- Just by owning Rise tokens, you will receive rewards directly into your wallet. Effortless and frictionless yield aggregation automatically sends a percentage of every transaction to all Rise holders. No gas is used, and your wallet balance will automatically increase after each and every transaction.
- Automatic distribution of rewards for liquidity providers. A percentage of each sell will be sent to the contract, and automatically distributed to all liquidity providers. There is no need to stake your LP tokens. Simply hold the Uniswap LP tokens in your wallet to receive the rewards. The automatic distribution will be triggered once the contract accrues 100 Rise tokens. This distribution will be tagged unto the next transaction. The sender of this transaction will automatically be over-compensated in Rise tokens for the additional gas cost.
“Sustainable, Adaptable, Fair, and Secure”: 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.
ow does Rise address these issues in DeFi?
1. Sustainable:
● Powerful and unique “Supermassive Black Hole” deflationary concept that accrues and burns tokens through various different methods. Effects scale exponentially over time.
● Auto-liquidity generation that permanently locks a portion of each transaction into liquidity, creating an ever increasing sell floor.
● Initial rebase lag of 5. This means that if the price of RISE at time of rebase is 100% over the target price, we will receive a rebase for 20% (100% divided by 5).
● “Supply adjustment” that will increase the price of RISE, but decrease the supply if the market price is below 5% of target price for 3 consecutive days during the rebase time.
2. Adaptable:
● Rise has the revolutionary ability to peg to any asset, calculated metric, or asset class. Initially pegged to Ethereum for its importance in DeFi and for ease of understanding, this peg can be altered in the future through governance based on investor/market sentiment.
● The smart contract was coded so that every parameter can be adjusted in the future through governance. Things like sales tax, transaction tax, burn percentage, liquidity provider rewards, rebase lag, etc. all have the ability to be adjusted. This gives RISE the ability to constantly adapt and change based on market conditions.
3. Fair:
● Presale price will be 0.01 ETH, same as the Uniswap launch price.
● Seed investors acquired Rise at 10% below launch price. However, 80% will be vested over the course of 1 month.
● Unique smart contract feature allows us to enable Uniswap trading after liquidity has been added and presale tokens distributed. This will give everyone a fair playing ground once trading begins.
● Maximum transaction size of 500 Rise for the first hour after Uniswap trading is enabled, preventing bot sniping and creating a fair environment for regular traders/investors.
● Buy and sell tax helps prevent coordinated price manipulation. A portion of this tax is distributed instantly through frictionless yield to all holders based on holdings.
4. Secure:
● The Rise contract has passed audits by CTDSec (a professional smart contract auditing firm) and by Shappy from WarOnRugs (highly respected owner of a community aimed at preventing rug pulls and scams in the crypto-sphere).
● No need to transfer your tokens to a staking contract address in order to earn rewards! Frictionless yield allows you to hold your tokens in your own wallet for utmost security. You can watch as your balance grows with each and every transaction.
● If you choose to provide liquidity, you will be rewarded through auto-distribution of liquidity rewards. Again, no need to send your LP tokens to a separate staking contract, simply hold your LP tokens in your own wallet and watch as their value increase over time.
● Initial team provided liquidity will be locked before Uniswap trading is enabled.
TOKEN DISTRIBUTION:
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Many other DeFi projects sacrifice one or more of these values, which creates scenarios like ridiculously unfair advantages for early private investors, or generating short lived and temporary hype, or creating a rigid contract that has no ability to adapt or change to the ever evolving crypto market, or a contract that is subject to exploits.
TOKEN DISTRIBUTION:
Initial total supply — 100,000 RISE
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
Rise Protocol Team
Shuaps — Technical Lead, Project Management & Strategy
PBL00 — Branding, Strategy & Development
Jamie — Development, Auditing & Strategy
Andy — Website, Social Media & Community Manager
Radinho — Website, Social Media & Community Manager
CJ — Marketing
CryptKeep3r — Website, Social Media & Community Manager
Learn More:
- Website: https://riseprotocol.io
- Litepaper: https://riseprotocol.io/rise_litepaper
- Telegram: https://t.me/RiseProtocolOfficial
- Twitter: https://twitter.com/RiseProtocol
- Medium: https://medium.com/@riseprotocolofficial
- Reddit: https://www.reddit.com/user/riseprotocolofficial
Author
Bitcointalk Username : zhaks Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2898902 ETH : 0x89679BBae31FFDabc4f8668d422FFE46b201Ed28
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