Delve Deeper On The Rise Protocol Potential And Its Tokenomics

kurniawan05 (42)in #blockchain • 3 years ago

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Learning about blockchain systems will never come to end, especially when you consider the number of technologies in it. It also comes with many potentials and ideas, makes Blockchain offer a number of financial solutions. With that in mind, you might have heard about the Rise Protocol. The project offers something worth looking at, which addresses many issues in Defi.

What The Rise Protocol Give You

When talking about blockchain projects, most crypto users will understand the issues of Defi. Decentralized finance is the common governance for blockchain projects under the Ethereum server. It is safe, transparent, and worldwide. However, problems such as fairness, adaptability, sustainability, and security are still out there.

That is why the Rise protocol uses several key features. It uses dynamic peg as the way to solve sustainability and adaptability. With the initial peg of 0.0 ETH, everyone can peg the token for any asset. It also employs frictionless yield, Auto liquidity generation, and auto-distribution of liquidity provider rewards that solve the fairness distribution for everyone.

The project also uses a supermassive black hole feature that uses some mechanism to scale and burn address accrues RISE. It will impact yet secure deflationary effects. On top of that, the rebase token system will be part of the project. It ensures the sustainability aspect by creating an increased and decreasing value for the RISE token.

One interesting thing about its features is the ability to not over-deflate and inflate. The company uses Lag control as the technology to control the value. It ensures the sustainability that works hand in hand in creating a powerful deflationary system. The mechanism will decrease the RISE token back to its initial peg or increase in effect over time.

When taking all of the information in one place, the project does offer fascinating ideas in the blockchain system. Combined with the initial technology, the project can create a safe, transparent, unique, and profitable platform. It also optimizes the usage of cryptocurrency that brings huge profits for both investors and users without any difference.

The Token Sale Details

The automatic distribution might be one of the biggest charms for the users. It offers passive income as the liquidity system helps distributing and gaining income for your wallet. Everyone will get an increase in their wallet balance in each transaction. The Rise token inflation is also worth noticing. It will increase the value but will not go once the deflation occurs.

But, how about the token details? The project set the hard cap around 375 ETH with a total presale amount of 37,500. The presale events occurred in February 2021, but you can buy them through the official website. The price for one RISE token is 0.01 ETH that is available for everyone. The minimum contribution is around 0.5 ETH while the max contribution is 4 ETH.

Tokenomics

To make the project worth your attention, you can take a look at the token distribution. According to its official website, the allocation mainly goes on the presale event with a 37,5% share. The 30% will go to the initial Uniswap Liquidity with 25% goes to the seed investors. However, the amount for the investor will go as it is vested over a month.

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The team funds will get 5% of the share, which is vested over 2 months. The rest of the 2.5% will go straight to the marketing and development part. The system also provides a smart contract as its way to ensure security and fairness. All the planning also has passed audits by Shappy from WarOnRugs and CTDsec.

Should You Join?

There are many considerations that you should consider when talking about joining. In this case, the project proposes quite an interesting idea in creating flexible and adaptable rebase tokens. It also suggests addressing all the Defi flaws by creating solutions using several technologies. A token, smart contract, presale, and features show the potential.

At the same time, the Defi project creates a very fair advantage for everyone. There are no early users with better income, but it offers non-exploitable subjects and a system for everyone. On the other hand, the project is still in its initial stage. It means it just started and is still undergoing some changes.

The project started in November 2020, which is quite new. You can also check the timeline that is done pretty swiftly. In February, it already has an audit and presale with 37500 RISE on offer. And there is no enough planning on the later state except until the end of 2021. But it also gains partnership with holder finance and some recognition from audit, which make it considerable.

All in all, the project is just at the starting point. It is in the toddler states that many possibilities come and go. If you are swayed by the idea of passive income and dynamic rebase peg, then joining the project may not be the worst decision. It promises several enhancements in the future, which also proves that this project does not stick in one idea only.

RISE PROTOCOL ROADMAP

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