Rise Protocol - The world's most advanced and most agile rebase token
INTRODUCTION
After the success of many token rebases and innovative market developments such as frictionless yield generation, one question remains unanswered. Why doesn't any project combine the advantages of previous projects into one while learning from their pitfalls to get maximum long-term value for DeFi investors?
TOKEN FEATURES
Rise Protocol is a decentralized synthetic rebase asset with advanced financial tools that allow it to function as a hedge against any crypto asset class. The starting stake for Ethereum (ETH) was chosen because of its basic importance in DeFi as a whole. This peg is also easy to digest, because investors have to buy RISE using ETH.
Rise Protocol manages price volatility through elastic supply, deflation mechanisms, frictionless results, and industry-leading governance. This combination of technology and human contribution allowed Rise to thrive, but not exceed supply or demand. So, the token symbol is named -RISE.
Token Features in detail
Supply Adjustments
However, if the market price is below 5% of the stake price for 3 consecutive days at 20:00 UTC, a "bid adjustment" will be triggered, instantly bringing the market price to the peg while reducing the supply of RISE. Apart from branding far from Terminology "negative base", which in itself has a negative that connotation, we will also actively educate our investors and provide a warning if a "supply adjustment" may occur during the 20:00 UTC rebase time of the day. Investors will be aware and notified of the impending "supply adjustment", preventing much of the panic selling witnessed in other token rebases.
Liquidity Provider Rewards
Liquidity providers will automatically receive profit sharing. Such as frictionless results, but only for some that provide profit-liquidity-a share of each transaction action will be automatically assigned to the liquidity provider.
How does Rise address these issues in DeFi
1. Sustainable:
Powerful and unique “Supermassive Black Hole” deflationary concept that accrues and burns tokens through various different methods. Effects scale exponentially over time.
Auto-liquidity generation that permanently locks a portion of each transaction into liquidity, creating an ever increasing sell floor.
Initial rebase lag of 5. This means that if the price of RISE at time of rebase is 100% over the target price, we will receive a rebase for 20% (100% divided by 5).
“Supply adjustment” that will increase the price of RISE, but decrease the supply if the market price is below 5% of target price for 3 consecutive days during the rebase time.
2. Adaptable:
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.
3. Fair:
Presale price will be 0.01 ETH, same as the Uniswap launch price.
Seed investors acquired Rise at 10% below launch price. However, 80% will be vested over the course of 1 month.
Unique smart contract feature allows us to enable Uniswap trading after liquidity has been added and presale tokens distributed. This will give everyone a fair playing ground once trading begins.
Maximum transaction size of 500 Rise for the first hour after Uniswap trading is enabled, preventing bot sniping and creating a fair environment for regular traders/investors.
Buy and sell tax helps prevent coordinated price manipulation. A portion of this tax is distributed instantly through frictionless yield to all holders based on holdings.
4. Secure:
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.
Initial team provided liquidity will be locked before Uniswap trading is enabled.
TOKEN DISTRIBUTION
- Initial total supply – 100,000 RISE
- Presale – 37,500 RISE
- Initial Uniswap Liquidity – 30,000 RISE
- Seed investors (vested over 1 month) – 25,000 RISE
- Team funds (vested over 2 months) – 5,000 RISE
- Development & Marketing – 2,500 RISE
PRESALE DETAILS
- Price: 1 ETH = 100 RISE
Whitelist registration will open on February 4th, 2021 20:00 UTC.
Whitelist link will be posted on our official Twitter and Telegram channels.
You must complete all tasks on the whitelist registration form in order to be accepted into the whitelist! The team will be reviewing every application to validate. The whitelist will close once 375 ETH have been pledged.
Make sure to register for the whitelist to guarantee an allocation in the presale! A public presale will not occur if all 375 ETH is pledged, and all whitelisted wallets contribute their pledged amounts.
Minimum pledge = 0.5 ETH, Maximum pledge = 4 ETH
Presale will take place across 2 rounds starting on February 7th, 2021 20:00 UTC, with the first round dedicated to those on the whitelist.
- Round 1
(20:00 UTC – 21:00 UTC) – Whitelisted wallets only.
Whitelisted wallets will have 1 hour starting on February 7th, 2021 20:00 UTC to send in their pledges. Once the contribution period ends, transactions and wallets will be validated to ensure wallet addresses and contributed amount matches the whitelist. Any unclaimed RISE from the whitelist will then be available in a first come first served public presale.
- Round 2
(22:00 UTC) – Public presale.
Any unclaimed RISE from the whitelist allocations will be made available to a public presale on a first come first served basis.
ROADMAP
Idea and concept
November 2020 – the project idea is born. Plans are drawn up and smart contracts are created.
Beta testing
December 2020 – Extensive testing on Ropsten testnet to ensure everything down to the smallest detail works as designed.
Token presale
January 2021 – Seed investors sale followed by a presale in February 2021 with 37500 Rise on offer.
Code audit and go live
February 2021 – Professional code audit and launch of Rise Protocol on Uniswap.
Q2 enhancements
Q2 2021 – New partnership announced to create additional transactions, generating more tokens for holders of Rise, utilizing frictionless yield. Launch of the governance platform.
Q3 enhancements
Q3 2021 – Implement Chainlink Price Oracles to further enhance the adaptable and dynamic peg function. Further enhance the rebase dashboard to pull in additional feeds.
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For more information about this project you can see it below:
Website: https://riseprotocol.io
Litepaper: https://riseprotocol.io/rise_litepaper
Twitter: https://twitter.com/RiseProtocol
Medium: https://medium.com/@riseprotocolofficial
Reddit : https://www.reddit.com/user/riseprotocolofficial
Discord: https://discord.com
Telegram: https://t.me/RiseProtocolOfficial
Author: dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=73180
ETH Wallet Address: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a