Review Rise protocol

choosename (30)in #hot • 4 years ago

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Rise Protocol is decentralized synthetic rebase asset with built-in advanced financial tools taht allow it to work as a hedge againts any crypto asset class. The initial peg to Ethereum (ETH) was selected due to its fundamental importance in DeFi as a whole. This peg is also easily digestible, as investoras must purchase RISE using ETH.

Rise Protocol manages volatility in price through an elastic supplay, deflationary mechanisms, frictionless yield, and industry leading governance. This combination of technology and human contributions eanables Rise to rapidly grow, but not outpace demand or supplay. Thus, its token symbol is aptly named - RISE.

Rise Protocol is the worlds most advanced elastic supply token. it is initialy pegged to 0.01 ETH, but with the ability through governance to adapt and be dynamically pegged to any asset class depending on investor and market sentiment. This level of adaptability is unique in today's competitive crypto enviroment.

Token adjustments occur every day. If the price of Rise is above the stake, then because of the price elasticity, rebase occurs, meaning that the holder will automatically receive more tokens in their wallet. If the Up price is 5% below the benchmark for 3 consecutive days, then a supply adjustment takes place. This reduces the number of tokens in your wallet, but increases their value. Your total wallet value will be the same after inventory adjustments. This virtues are rare and can assist in making a gross transformation of the BLOCKCHAIN world. In other to do a proper review i will like to do a brief review of some of the core features

Rise Protocol Highlights :

The Rebase token was initially tied to Ethereum with a powerful "Super Big Black Hole" deflation mechanism

Fully adapting to market changes and investor behavior, the peg can be changed to any asset or asset class (BTC, DOT, LINK, USDC, etc.) in the future. This will be controlled through administration.

2% of each transaction (except purchases) is distributed instantly and automatically to all Rise holders. You will see your wallet balance increase with each transaction!

1% of each sale is liquidated permanently locked, meaning increasing liquidity, and trading platform Reward for liquidity providers

1% of each sale is automatically distributed to our liquidity providers as a bonus. If you provide liquidity, your Uniswap LP token will automatically increase in value over time.

● 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.

● 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.