The meme challenge’s neighborhood is rising, maybe pushed by the platform’s utilities.
RichQuack Takes the Lead
Rising BNB Chain protocol RichQuack is at the moment making waves within the cryptospace with tasks incubated by the platform in addition to the robust efficiency of its native token.
RichQuack stealth-launched in June 2021 as a community-driven initiative.
As seen on its web site, the challenge has a decentralized multi-chain launchpad and plans for a metaverse. Different choices embody a lotto and raffle service the place gamers can win rewards by wagering their $QUACK tokens.
As of July 21, RichQuack heads the checklist of BNB Chain tasks most socially energetic on Twitter. Contemplating RichQuack beat notable BNB Chain meme-heavyweights like SafeMoon, Child Doge Coin, and FlokiInu to get to the highest of the checklist, one is compelled to take a better have a look at what the excitement is about RichQuack.
So, what makes RichQuack tick? Like many meme tokens, QUACK began with an enormous complete provide, 100 quadrillion tokens, out of which 50 quadrillion was burned at launch. The present circulating provide is 44.5 quadrillion tokens.
QUACK is a mirrored image token, and redistributes 4% of the transaction payment to holders whereas 4% goes to the liquidity pool and a pair of% to the buy-back-and-burn blackhole.
Gate.io Labs has a strategic funding in RichQuack which calls itself the subsequent competitor of Dogecoin. The token guarantees to make its long-term buyers “fucking wealthy.” From an all-time low value of $0.000000000012 in October 2021, QUACK multiplied its worth by 1,288 instances, reaching an all-time excessive of $0.000000015463 in November 2021. The worth has since fallen from its all-time-high by about 95% to $0.000000000749, with a complete Market Cap (MC) of $33.3 million, as of writing.
One other factor that appears to draw meme token lovers to the RichQuack challenge is its incubator and launchpad. Holders of the QUACK token get early entry to Preliminary DEX Choices (IDOs) and token presales of tasks incubated by the platform. The platform efficiently incubated its first challenge, Earthling, in Could.
In an interview with AmbCrypto, RichQuack’s nameless founder defined how the launchpad provides worth for the token’s holders:
“We decide the most effective & most secure challenge for QUACK Holders. There are a number of scams and rugs in crypto proper now. We wish to assist our buyers to keep away from that form of challenge. We wish to create a good launch system for everybody so that everybody may have a chance to take part in presales,” he stated. “We consider that IDO would be the future for everybody to boost capital. Hopefully, we will get some real-world firms to do their IDO with QUACK Launchpad. We can be working with some Angels and VCs to make this occur.”
Are we seeing one other meme token emerge to battle for the title of king of the crypto meme-space with established heavyweights like Shiba Inu ($6.9 billion MC), SafeMoon ($244.2 million MC), Child Doge Coin ($206.9 million MC), Floki Inu ($89.8 million MC), and so on?
Social media followership is a typical metric used to evaluate the energy of a meme challenge’s neighborhood. The variety of RichQuack’s Twitter followers is at the moment above 240,000 and is steadily rising which can recommend that one other contender to the meme-crown has come to city.
This text just isn’t an endorsement of RichQuack however quite seeks to spotlight a brand new pattern within the BNB Chain meme-space.
What Is RichQuack:
RichQuack is a community-driven challenge which was based to present the most effective returns for the neighborhood effort of its buyers. The platform’s utility features a decentralized multi-chain launchpad, raffles, and lotteries for holders of the QUACK token.
The platform’s QUACK token is hyper-deflationary and rewards long-term holders with a portion of the transaction tax and early entry to IDOs.
The place to seek out RichQuack:
Web site | Twitter | Telegram | Discord
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