A REVIEW OF RISE PROTOCOL PROJECT
INTRODUCTION
Rise protocol is a decentralised crypto exchange project that is pegged and stabilized with the Etherum at 0.01ETH. RISE is pegged to Etherum because of the importance of Etherum in the crypto currency business and most buyers purchase through ETH.
It has a professional management team that will harness the gains of existing crypto Exchange and also learn from their shortcomings to establish a secured, liquid and sustainable unique platform that will give good return on investment to investors.
RISE TOKEN
Every crypto platform has a native token that is used for transactions on the platform. RISE is the native token of rise protocol platform. It is an ERC 20 Etherum token. RISE is listed and traded on Uniswap. It is unique, liquid and secured.
There are some features that distinguish RISE tokens from other crypto tokens. They are;
Dynamic Peg
RISE is originally pegged to Etherum, but has the ability to be pegged to other crypto assets like BTC.
Adjustment of Supply
The management can control the supply of RISE tokens to the platform. This is a measure used to stabilize the price of RISE whenever it differs from the peg as a result of market forces. This help to maintain the value of the token.
Frictionless Yield
This is a way of rewarding the holders of RISE tokens. It is the accumulation of a percentage of RISE transactions and distributing such to the wallets of RISE tokens holders in real time.
Negative Rebase
The company will adopt an approach to negative Rebase situations. This will be achieved through deflationary mechanisms.
This will reduce panic selling by investors and preserve RISE tokens.
TOKENOMICS
This is the distribution of the tokens supplied to the platform. Management supply 100,000 RISE tokens, which is allocated in the following - 37,500 for presale, 30,000 for Uniswap LP, 25,000 for seed investment, 5,000 for management team and 2,500 for development and marketing.
RISE PLATFORM OPERATIONS
These are activities and transactions that are done in RISE platform. They are;
Provision of Liquidity
Investors provide funds that are needed to establish and run the platform. These fund providers are referred as Liquidity providers. They are rewarded with LP tokens and also receive timely reward from frictionless yield.
Buying and Selling of RISE
RISE tokens are bought and sold in Uniswap. The buying of RISE is tax free, but a tax of 2% is charged on selling of RISE tokens.
Transfer of RISE
RISE tokens can be transferred on the platform among the participants. This transaction attracts a tax of 5%.
Marketing and Promotional funds
The company sets up a fund for future marketing promotional activities to ensure growth of the platform.
Rise Governance
This is the techniques that power the rise protocol. It is flexible and can be adjusted to withstand volatile market conditions.
WARNING
This article and information on the RISE website is not advice for investment purposes rather it is for information purposes. Participants are advised to get professional advice from financial and legal professionals.
RISE protocol will not be liable for any loss or damages incurred by clients due to their investment on the platform and RISE tokens.
USEFUL LINKS
Website: https://riseprotocol.io/
Telegram: https://t.me/RiseProtocolOfficial
Twitter: https://twitter.com/RiseProtocol
Reddit: https://www.reddit.com/user/riseprotocolofficial
Medium: https://medium.com/@riseprotocolofficial
AUTHOR'S DETAILS
Bitcointalk Username: Cinna
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2890565
Proof of Authentication: https://bitcointalk.org/index.php?topic=5317561.msg56413760#msg56413760
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