$RCH - Hot Social Token Got x10 Times in price in the last 24 hours 🤩
While the market crashed last night, $RCH surged 10x in 24hrs amid heavy trading volume. 👀
SOFA.org announced the burning of 750 ETH (~$2.8M) on the Uniswap platform to enhance liquidity and stability for the $SOFA ecosystem. At the same time, it encourages the community to buy $RCH.🔼
After this announcement was made, the iCrypto signal has been continuously reporting the $RCH's buying activities of Smart DEX Traders. 🤔
According to the signal from iCrypto, 23 hours ago, iCrypto recorded that SDT had accumulated 2.27M $RCH at an average price of $0.4179. Currently, the trading volume on the Dex platform in the past 24 hours is $313.55M, and the price of $RCH is at $3.75 (up over 1000%).
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SOFA is a #DeFi project with a dual token model:
- $RCH is used to reward user transactions, while $SOFA is used for governance.
- $RCH has a fixed supply and deflationary mechanism.
All funds generated from the protocol will be used to buy back and burn $RCH to ensure the token's value growth.
Holders of $SOFA tokens can participate in ecosystem management, including deciding on supported financial products, collateral assets, and partnership agreements, etc.
Keep an eye on SOFA project, as they are creating a #DeFi 3.0 story with their powerful backers!
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Enjoy the weekend, buddies!!
