RichQuack (QUACK) prides itself to be whale-free as no wallet holds more than 1% of token supply. Sells are restricted to less than 1% of the total supply. This ensures that whales don’t move the price too much.
Furthermore, QUACK is a stealth fair launched token that has passsed Security Audit by TechRate, LP Locked, Anti-Whale, RUG Proof & 100% community-driven project on the Binance Smart Chain (BSC) network.
At the moment, there is no mention of the creators of the RichQuack (QUACK) token. The platform’s website, however, claims that the project is 100% community-driven and managed by volunteers.
Of course, multiple variables go towards predicting the future price of any crypto asset. If you are planning on investing in RichQuack (QUACK), you will be betting on the fact that community sentiment would drive up high enough to ensure that an economy of QUACK enthusiasts can escalate the token into new highs.
RichQuack (QUACK) Tokenomics and QUACK Burn Mechanism Explained
53.4% of $QUACK’s supply has been burned and this results in super fast burn rate that is exponentially increasing as a result of this burning mechanism. Because QUACK is a BEP-20 token with a total supply of 100 quadrillions, a 53.4% drawdown means its total supply has shrunk to about 45 quadrillion.
In terms of the remaining 45 quadrillion QUACK tokens, it is simply allocated or moved around through the following:
QUACK can be locked up for 5 years for loyal holders so that they can enjoy extra QUACK for a very long time. Locking up has positive impacts to the price movement as it means that there will be less QUACK available.
There is a 12% transaction fee each time you do a trade related to QUACK: 4% Holder Rewards, 4% Auto Liquidity, 2% Quack PUMP & Burn Wallet, 2% Marketing & Dev Wallet.
There is a 3% ecosystem reward that is deployed in terms of 1% in Deployer Wallet & 2% Locked in Team.Finance for Airdrop & Staking Rewards.
In a nutshell:
RichQuack offers a hyper-deflationary token where 50% of its supply is set to be burned or sent to a black hole.
The platform’s token features a 10% transaction fee that is distributed to RichQuack (QUACK) token holders automatically through an automated yield farming system as well as a liquidity mining infrastructure.
Out of the collected fees, 5% will go to the auto-farming system, where tokens will be distributed to the token holders. Another 5% will be locked in a liquidity pool on PancakeSwap.
Going forward, the token will offer a jackpot ruffle event called the “Quackpot”.
