INTRODUCTION
RISE protocol is a decentralised crypto currency Exchange platform that is pegged to 1% Etherum. The project is pegged to Etherum to ensure its stability because of the strong value and importance of ETH in the crypto industry.
The platform intends to build on the benefits and improve on the shortfalls of past Defi to establish a unique Defi that will provide maximum return to crypto investors.
The company has a professional management team with wealth of experience in crypto business that will use the unique technology of the platform to grow it rapidly amidst market forces.
The company has been audited by a reputable firm and certified with a good audit report.$RISE #ieo #blockchain #dot #bounty #defi #Rise #RiseProtocol #RebaseToken #FrictionlessYield #Rebases #DynamicPeg #blackhole #AutoLiquidity #AutoRewards.
ABOUT RISE PROTOCOL
Rise Protocol is a synthetic rebasing asset with the unique ability to peg to any asset or combination of assets.
A first amongst rebase tokens, Rise also incorporates frictionless yield generation to reward holders, auto-liquidity generation and auto-reward distribution for liquidity providers, and deflationary mechanisms that increase in effect over time.
Rise Protocol is a decentralized synthetic rebase asset with built-in advanced financial tools that allow it to work as a hedge against any crypto asset class. The initial peg to Ethereum (ETH) was selected due to its fundamental importance in DeFi as a whole. This peg is also easily digestible, as investors must purchase RISE using ETH.
HOW DOES THE RISE PROTOCOL WORK??
Rise Protocol runs on the Ethereum network, the world's most popular decentralized platform.
With a large number of advanced technologies, such as frictionless results, dynamic and adaptable pegs, powerful deflation mechanisms, and automatic liquidity generation make Rise Protocol the world's most advanced token rebase.
A percentage of each buy and sell transaction is distributed automatically to all holders which means additional tokens for doing nothing but holding tokens in your wallet.
RISE TOKEN AND ITS FEATURES
RISE is the primary token of the primary token of the RISE protocol platform. It is a Etherum ERC 20 token and pegged to 1% Etherum with in-built unique financial tools that gives it a hedge against other crypto tokens. RISE has some features which makes it unique, liquid and sustainable. They include;
🔹Dynamic Peg
Initially RISE is pegged to 1% Etherum, but it can be further adjusted through governance and pegged to other crypto assets to help prevent it over inflation. This feature is revolutionary.
🔹Frictionless Yield
Frictionless yield is a portion of the accumulated tax charges on transactions done on RISE platform. It is distributed to the wallet of RISE holders as their benefit.
🔹Hybrid Approach to Negative Rebase
The company intends to employ a hybrid approach involving deflationary mechanisms in dealing with negative rebase situations. This helps to cushion the effects of negative rebase and protect the value of the token.
🔹Supermassive Black Hole
This is the first point of call of the company in time of negative rebase. It is a fund set aside for such purpose. A stated percentage of all RISE transactions are sent to this fund and it grows to withstand deflationary effects.
🔹Supply Adjustment
This is a process of stabilizing the price of RISE token through controlling the supply to the platform. The RISE token is pegged to 1% Etherum, which is used to stabilize its price.
Therefore, when the price of RISE goes below or above 5% of the peg for 3 days continuously, the supply of RISE token will be increased or decreased as the case may be.
This measure stabilizes and protect the value of RISE against market forces.
🔹Liquidity Providers
Investors who provide liquidity to RISE protocol are rewarded with LP (RISE) tokens. They are also rewarded periodically from frictionless yield.
TOKEN SALE DETAILS
Rise Protocol is the world's most advanced token rebase. During the presale period, we are offering 1 RISE token at 0.01 ETH. A total of 37,500 RISEs are available for pre-sale. The minimum contribution per wallet is 0.5 ETH, the maximum contribution per wallet is 4 ETH. Please sign up for the whitelist as this will guarantee you an allocation in the pre-sale. The remaining RISE tokens from the whitelist presale, if any, will be offered in an open public presale 1 hour later.
Token sale details:
Hard cap: 375 ETH
Total number of presales: 37,500 RISE
Initial total supply: 100,000 RISE
White List Presale Begins: February 7. 2021, 20:00 UTC
Whitelist Presale Expires: February 7, 2021, 21:00 UTC
General Presale Begins: February 7, 2021, 22:00 UTC
CONCLUSION
This concept of Financial system introduced by DEFI will make so much difference, the users will get so much from it, derive surplus benefit and use the features that will improve their finances and make them optimize their assets on DEFI with a little effort on their own part. Rise protocol will make so much difference in the blockchain, attracting more users and making investors thrive with their Investments.
FOR MORE INFORMATION VISIT THIS SITE
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
MY AUTHOR
BTT username: Shwon600
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2843257
Telegram username: @Shwon600
ETH address : 0xCa3d1b4D02D405E22cA66727862D61A33Fe29d50