What's RichQUACK ($QUACK) And Why Is It Trending?

What’s RichQUACK ($QUACK) And Why Is It Trending?

Simply put, Rich Quack is a hyper-deflationary meme token that seeks to reward holders through frictionless yield generation by charging a 12% fee for each transaction.

Everyone wants to become wealthy quickly, but few are prepared to go above and beyond. RichQUACK is a wordplay that is used to amusingly criticize folks who do nothing except wait for luck, other people, or even fate to provide them everything they want in life. Before the team constructed RichQuack’s numerous utilities, QUACK was first developed as a meme, similar to how doge was.

This project is community-driven; thus, everyone must put in significant effort and spread QUACK like a virus for it to succeed.

How does QUACK work?

Staking

Every holder receives a fair Guaranteed Allocation from Staking for Levels to invest in initiatives. Based on how many QUACK you’ve bet on RichQUACK, the GA model is divided into nine tiers. Additionally, the team’s partner projects and projects that they have incubated offer free tokens.

DAO VOTING

A project needs a sufficient number of votes to advance to the launchpad. Voting will be available until just before the IDO kicks off. To cast a ballot, a holder simply needs a minimum of 100B QUACK to be eligible. The vote will only take into account the amount of QUACK that the investor has STAKED.

Launch pad

To HELP develop Next-Gen projects, QUACK strives to create a fair, decentralized, multi-chain launch ecosystem. As a launchpad and incubator, QUACK is constantly looking out for the best new projects to be released. Anyone can apply; however, to minimize risk exposure for their users, intending users must pass the QUACK Strict Quality Standard check and KYC. This is put forth in order to determine whether projects are worthwhile.

Funding, Supporting & Advising Next-Gen Crypto Startup from Seed to Beyond are one of the services they provide. Quack wants to continue its interaction with a project after it has launched. The team affirms that its goal is to support a project’s vision and advance it using all of its available resources to give it the recognition it deserves. QUACK, in contrast to others, decides to WORK with the project they support.

QUACK Tokenomics and Burn Rate Is The Major Influencer For The Recent Trend

QUACK price recently spiked massively, despite the current general bearish market, rising from $0.0000000006410 to $0.0000000041964, which is over 6x in profits. However, the coin has traced to the $0.0000000014401 price mark after many investors took out their profits.

The supply of Quack’s 100 quadrillion total coins has already been reduced by 53.5%, over half of the total burnt. According to the QUACKONOMICS, the burn mechanism charges a 12% fee for each transaction. Holders also receive 4% incentives in this case.

This smart tokenomics was enough to give QUACK the 600% profits it witnessed some days back, many investors also believe the bull run for QUACK isn’t over yet, and another pump is anticipated.

$QUACK is currently trading live on MEXC, XT.COM, CoinTiger, DigiFinex, and BitMart with a 24-hour trading volume of $883,049 and a circulating supply of 44,085,961,274,152,300 QUACK.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

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