The world’s most advanced synthetic rebase token - The Rise Protocol

maverickcoins17 (25)in #riseethereumdefi • 3 years ago

Cryptocurrency is an electronic money created with technology controlling its creation and protecting transactions, while hiding the identities of its users.

Crypto- is short for “cryptography”, and cryptography is computer technology used for security, hiding information, identities and more. Currency simply means “money currently in use”.

Cryptocurrencies are a digital cash designed to be quicker, cheaper and more reliable than our regular government issued money. Instead of trusting a government to create your money and banks to store, send and receive it, users transact directly with each other and store their money themselves. Because people can send money directly without a middleman, transactions are usually very affordable and fast.

To prevent fraud and manipulation, every user of a cryptocurrency can simultaneously record and verify their own transactions and the transactions of everyone else. The digital transaction recordings are known as a “ledger” and this ledger is publicly available to anyone. With this public ledger, transactions become efficient, permanent, secure and transparent.

With public records, cryptocurrencies don’t require you trust a bank to hold your money. They don’t require you trust the person you are doing business with to actually pay you. Instead, you can actually see the money being sent, received, verified, and recorded by thousands of people. This system requires no trust. This unique positive quality is known as “trustless”.

The Rise Protocol is a revolutionary cryptocurrency project that intends to trigger chains of revolutionary trends in the rebase token niche.

Launched at a time that cryptocurrency investors are becoming wary of rebase tokens; I would say that the Rise Protocol and the underlying $RISE token came at the right time.

It is time to restore the lost faith in rebase tokens and prove once more, that deflationary mechanisms can be used to stabilize the prices of crypto assets.
The Rise Protocol is the world’s most advanced elastic supply device. it is initially pegged to 0.01 ETH, but with the ability through governance to adapt and dynamically be pegged to any asset class depending on investors and market sentiment. This level of adaptability is unique in today’s competitive crypto environment.

The Rise Protocol manages price volatility through elastic supply, deflationary mechanisms, frictionless yields and industry-leading governance. This combination of technology and human contribution enabled Bangkit to grow rapidly, but not exceeding demand or supply. So, the token symbol is named — RISE.

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.

The Rise Protocol Features

Rebase Token

Rebase token initially pegged to Ethereum with powerful “Supermassive Black Hole” deflationary mechanisms.

Dynamic Peg

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

Frictionless Yield

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

Auto-Liquidity Generation

1% of every sell is permanently locked into liquidity, meaning an ever increasing liquidity and sell floor

Liquidity Provider Rewards

1% of every sell is automatically distributed to our liquidity providers as a reward. If you provide liquidity, your Uniswap LP tokens will automatically increase in value over time.

How It works?

Rise Protocol runs on the Ethereum network, the worlds most popular Decentralized platform.

With a plethora of advanced technologies, such as frictionless yield, a dynamic and adaptable peg, powerful deflationary mechanisms, and auto-liquidity generation make the Rise Protocol the most advanced rebase token in the world.

A percentage of each buy and sell transaction is automatically distributed to all the holders meaning extra tokens for doing absolutely nothing, except holding the token in your wallet.

The Benefits

Rise Protocol has the unique ability to peg to any asset class or combination of assets. Other rebase tokens have a static peg that can never be altered, meaning as market and investor sentiments change, they fail to adapt with it. Rise protocol solves this design flaw with our adaptable peg.

Unlike any other rebase token around, Rise also incorporates frictionless yield generation to reward holders, auto-liquidity generation and auto-reward distribution for liquidity providers.

Other rebase tokens will remove tokens on a daily basis from your wallet if the token price is below peg. Rise Protocol has powerful deflationary mechanisms that increase in effect over time. If a positive rebase is not achieved 3 days in a row then a supply adjustment occurs to bring the price of Rise back to peg.

Why Rise Protocol Stands Out?

Rise Protocol is the worlds most advanced rebase token that through governance can be adapted and dynamically pegged to any asset class depending on investor and market sentiment, allowing for a level of flexibility and adaptability never seen before in any rebase token.

A daily rebase occurs if the token price is above peg, meaning holders will automatically receive more tokens in their wallets. There are powerful deflationary mechanisms in place to maintain the value of Rise to it’s peg, but if after 3 days of no positive rebases, and not being within 5% of peg, then a supply adjustment occurs to automatically bring the price back to peg.

Frictionless yield technology is also embedded within the Rise Protocol, which means that just by holding the Rise token in your wallet, holders will receive extra tokens as a percentage of every buy and sell transaction is distributed back to the holders.

About The Rise Protocol Token

Rise Protocol is the worlds most advanced rebase token. During the presale period, we are offering 1 RISE token for 0.01 ETH. A total of 37,500 RISE is available for presale. Minimum contribution per wallet is 0.5 ETH, maximum contribution per wallet is 4 ETH. Please register for the whitelist as this will guarantee you an allocation in the presale. Remaining RISE tokens from the whitelist presale, if any, will be offered in an open public presale 1 hour later.

Token Details

Hard cap: 375 ETH

Total presale amount: 37,500 RISE

Total initial supply: 100,000 RISE

Whitelist Presale Begins: February 7th. 2021, 20:00 UTC

Whitelist Presale Ends: February 7th, 2021, 21:00 UTC

Public Presale Begins: February 7th, 2021, 22:00 UTC

Distribution of Tokens

Road Map

The 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.

Meet The Amazing Team

Shuaps - Technical Lead, Project Management & Strategy

PBL00 - Branding, Strategy & Development

Jamie - Development, Auditing & Strategy

Andy - Website, Social Media & Community Manager

Radinho - Website, Social Media & Community Manager

CJ - Marketing

CryptKeep3r - Website, Social Media & Community Manager

For more information, please visit:

Website: https://riseprotocol.io

Litepaper: https://riseprotocol.io/rise_litepaper

Telegram: https://t.me/RiseProtocolOfficial