Cryptocurrency project RichQUACK.com saw a spike in interest in August, according to metrics from CoinMarketCap.
With over 229,000 CoinMarketCap users adding RichQUACK.com to their watchlist, more than double the second-place SENSO, it even overcame Bitcoin to claim the top spot on the list.
Source: CoinMarketCap
CMC emphasized that the Binance Smart Chain-based memecoin, which ranks first among BNB chain projects by social activity, draws its strength from its community.
In addition to the recent all-time high of 128,000 on-chain owners, the project has attracted over 268,000 Twitter followers, 50,800 Telegram members, and 19,400 Discord members.
Though the token has declined over the past 30 days since a peak in August, it has gained 1,220% over the past year, according to CoinGecko.
RichQUACK origins
Originally intended as a quasi-competitor to Dogecoin when it launched in June 2021, RichQUACK is a community-driven project designed for automatic liquidity, generating payouts and static rewards for its holders.
RichQUACK has a BEP-20 token that is hyper-deflationary. This means that while 50% of its total QUACK stash of 100 quadrillion has been provided as liquidity, the protocol’s black hole algorithm is designed to exponentially reduce the rest.
QUACK also offers a 10% transaction fee that is automatically distributed to token holders via an automated yield farming system. Of the fees collected, 5% goes to the auto-farming system, where tokens are distributed to token holders, while another 5% is locked in a liquidity pool on PancakeSwap.
The platform also offers a jackpot ruffle event called “Quackpot” in addition to a lottery game played on hourly, daily, weekly and monthly intervals giving platform users a chance to win prizes.
launch pad/incubator
RichQUACK also serves as an intermediary between enterprising blockchain-based startups and potential investors. It offers startups financing, support and advice with the help of different teams.
While one arranges the necessary resources and processes for a successful launch, the other generates content to promote the project on social media platforms. RichQUACK also connects these startups with corporate leadership through partnerships with exchanges.
In the meantime, RichQUACK is also reviewing these companies on behalf of potential investors. All prospective businesses are welcome to apply, but must pass RichQUACK’s rigorous quality standard check and be aware of your Customer Agreements (KYC) to reduce risk to their users.
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