PRESENTATION
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, 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.
"Cryptocurrencies are a new asset class with a volatility and global availability that excites the investment community. Companies using cryptocurrency need to ensure their holdings are taxed appropriately, comply with the most current regulations and maintain a high level of security.
Blockchain and crypto-assets are an ideal solution to address these challenges efficiently and effectively. Their adoption is expected to not only streamline operational processes and reduce market frictions but also minimise transaction costs with automated, trustworthy and instantaneous verification of required transaction attributes. Moreover, by creating decentralised market infrastructures, blockchain diminishes the costs for networking and improves censorship-resistance as well as data protection."
With that being said, Rise Protocol manages volatility in price through an elastic supply, deflationary mechanisms, frictionless yield, and industry leading governance.
Now that I have your attention, let’s get right to it.
What exactly is Rise Protocol?
As depicted above and as indicated on the official website of Rise Protocol, Rise Protocol is a decentralized synthetic rebase asset with built-in 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.
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.
The 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
$RISE #ieo #blockchain #dot #bounty #defi #Rise #RiseProtocol #RebaseToken #FrictionlessYield #Rebases #DynamicPeg #blackhole #AutoLiquidity #AutoRewards
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://riseprotocol.io
Litepaper: https://riseprotocol.io/rise_litepaper
Telegram: https://t.me/RiseProtocolOfficial
Twitter: https://twitter.com/RiseProtocol
Medium: https://medium.com/@riseprotocolofficial
Reddit: https://www.reddit.com/user/riseprotocolofficial
Discord: https://discord.com
Bitcointalk Username: Cryptoholical
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2487106
Telegram: @Cryptoholical
POA: https://bitcointalk.org/index.php?topic=5317561.msg56537539#msg56537539