Introduction
Most platforms in the blockchain and crypto industry create new and innovative features when introducing their network. Oftentimes, these features are improvements of certain existing ones, other times, they are entirely new models integrated into the industry. Rise Protocol is an enterprising project within the rebase category, and it is offering new features that are absent in existing rebase platforms. This pushes Rise network into a higher competitive level compared to other similar projects in the industry.
The development of these new features of Rise Protocol was because of the need for an improved system within Rebase Tokens. This article will contain a detailed analysis of two of the features obtained in the Rise Protocol Network.
Revolutionary Hybrid Approach to Negative Rebases
There have been discoveries about how economically dangerous negative rebases can be. Experts and professionals have performed series of observations, surveys, and researches to understand this effect. They found that negative rebases cause investors, as well as enthusiasts, a discouraging feeling about investing in crypto assets. We may refer to a negative rebase system as one whereby the diminishing supply of an asset is related to the market price of such an asset going below the pegged price. While most investors are in shock and panic when there is an occurrence of negative rebases, it does not imply that it is a bad outcome. Most times, it is a necessary event needed to maintain a balance of the ephemeral attribute of the token and there is usually no loss in value incurred during this activity; however, the majority of investors do not comprehend this. Certain investors do not understand that the rapid rise of the value of assets is due to panic sales, hence, this leads to negative rebases, which causes investors to notice a reduction in wallet balance. This often creates a tumbling effect on investors, which recovery from it may be difficult.
Rise Protocol seeks to address this challenge by developing a new feature on its network. They understand and recognize the need and detrimental effect caused by negative rebases and developed a revolutionary hybrid strategy to tackle it. This strategy integrates the adoption of massive and influential deflationary mechanisms.
This feature is novel among other rebase projects and tokens, and it will enable Rise Protocol to cause a tremendous reduction in the number of negative rebases. More so, it will create more time for the platform to send updates and communicate with investors concerning imminent supply contraction.
Supermassive Black Hole
Having a strong defensive platform that ensures the security and protection of users’ information and assets is paramount in the crypto industry.
This made Rise Protocol develop a new feature that shields clients’ funds against negative rebase; this feature is called Supermassive Black Hole. We can define this feature as an accessible and public crypto address that accumulates a certain percentage of all transactions involving Rise tokens. For all transactions performed on the Rise Network, each fund the supermassive black hole every time. The development of this address will occur via frictionless yield and will increase with rebases. As the funding continues and the hole gets larger, it causes a corresponding deflationary effect that generates a reactionary loop, which over time, exponentially scales the deflationary effects.
USEFUL LINKS
Website:https://riseprotocol.io/
Telegram :https://t.me/RiseProtocolOfficial
Twitter :https://twitter.com/RiseProtocol
Riddit :https://www.reddit.com/user/riseprotocolofficial
AUTHOR'S DETAILS
Bitcointalk Username : Ojoy17
Bitcointalk profile link :https://bitcointalk.org/index.php?action=profile;u=3000003
ETH Address :0xFaA8cF9cF3B2EC3718874A7d906aDA9E7c9b691C