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Introduce

Since the advent of blockchain technology, the global financial system has never been the same. DeFi technology has had a positive impact on the global payment system and needs further development in this area to simplify and unify the entire system. DeFi technology has a significant effect in the global transaction and payments industry. As a nascent industry, some imbalances still need to be in place. We are all aware of the inefficiencies that have dominated a number of global crypto projects and the high transaction fees associated with transferring money through blockchain. After observing all these imbalances, the RISE PROTOCOL team emerged to come up with sustainable solutions to these problems and make blockchain-related liquidity more comfortable, pricey. more affordable and accessible for everyone. The team also recognized the importance of this industry and its ability to solve the aforementioned problems. In this article, I will discuss in more depth the RISE protocol which I hope my readers will find very interesting.

Introducing the Rise Protocol

RISE PROTOCOL is a Defi platform anchored on Etherum at 0.01ETH. The RISE protocol is tied to Etherum because of its stronghold and important in the Defi system in general. RISE will reinforce the benefits of existing Defi platforms and also improve their shortcomings so that structuring a platform will maximize the wealth of investors and participants. The company has been audited by a reputable company and certified with a good audit report.

REBASE TOKEN: As an elastic supply token, the total supply of Rise tokens will depend on its price for the pegged token. This means that if Rise's price is higher than the fixed price at 20:00 UTC, then Rise's supply will increase and Rise holders will have more tokens added to their wallets. Conversely, if the value of Rise is lower than the fixed price at 20:00 UTC for three consecutive days, the total amount of Rise tokens will automatically decrease. Reducing the supply of Rise will also affect the amount of Rise tokens in each owner's wallet, leading to an increase in the price of Rise tokens.
One of the most prominent features of the Rise protocol is its adaptability to the ever-changing cryptocurrency market and investor behavior. Although currently pegged at 0.01 Eth, Rise has governance to fix any asset or asset class later in the future depending on investor sentiment and the market.

Rise uses a fast and seamless reward mechanism that automatically distributes the percentage of each transaction to all Rise token holders. Investors don't need to pay to receive this benefit, all you need to do is buy and hold the bullish tokens and your wallet will be credited with the Rise token for every transaction made. . This incentive feature is only enjoyed by Rise token holders.

Rise introduced a deflation mechanism to ensure that Rise's value always floated. This is done through a publicly viewable write address, accumulating Rise through a number of mechanisms, exponentially expanding over time to provide an extremely powerful deflation effect. Super Big Black Hole will grow through accumulating a certain percentage of each transaction. As accumulation increases, its deflationary effects also increase, creating an exponentially scaled feedback loop of deflationary effects over time.

With my little experience in cryptocurrencies, this is one of the best projects I've ever worked on. The project has a special mechanism to help investors not have to worry about tokens when the token price slips. I will learn more about the project and recommend it to everyone. Thank you