RichQUACK.com QUACK

What Is Rich Quack (QUACK)?

Rich Quack is another hyper-deflationary Binance Smart Chain (BSC) meme token that aims to pay out rewards to holders by incentivizing “self-generating automatic liquidity.” Rich Quack is clearly aimed at providing its holders with a chance to make a lot of money, since the project itself confesses its name is a play on words about getting rich quickly.

Rich Quack wants to achieve that by building a community of people with a common goal that is ready to work hard and contribute towards that goal. The project aims to create a launch platform, a raffle with a jackpot, and a lottery with payouts every hour, day, week and month. The protocol generates “frictionless yield” by applying a 10% fee for each transaction. Half of that fee gets burned, and the other 5% gets redistributed to existing token holders. Rich Quak urges its followers and other users to “join the QUACK army” and “recruit more people” so that they could rise – or in their terms, get rich.

Who Are the Founders of Rich Quack?

As is often the case with meme coins, the project founders chose to remain anonymous. This can be a risk, although other projects by anonymous founders have managed to become successful. At the end of the day, the community is more important than the founders, and the project’s success will depend on community growth and community effort.

What Makes Rich Quack Unique?

Rich Quack seemingly follows a standard meme coin formula of applying a hefty transaction fee to each transaction as an incentive for users to hold on to their tokens. 4% of each transaction is distributed to holders, and another 4% is provided to the QUACK/BNB liquidity pool to create “an ever rising price floor.” 2% is burned, with 2% going to the marketing and developer wallet.

The only unique feature of Rich Quach appears to be its raffle and lottery platform that are scheduled for release in Q4 2021. This would give QUACK a distinguishing feature compared to other meme coins and could drive price appreciation in the future. Rich Quack also features an anti-whale feature that forbids whales from holding more than 1% of the total supply and selling more than 0.1% at a time.

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How Many Rich Quack (QUACK) Coins Are There in Circulation?

The total supply of QUACK is 100 quadrillion, that is a number with 17 zeros! Like many other meme coins, Rich Quack decided to launch with a ridiculously high supply to attract retail buyers hunting small-cap coins.

Rich Quack decided to abstain from a presale or team allocation to underscore how this is a community-driven project. The liquidity has been locked for 5 years to prevent users from getting rugged. 50% of that supply was immediately burned, with 50% being provided as liquidity. Rich Quack also pledges to allocate 50% profits from its future Quack Launch Platform as a reward for liquidity providers. 30% will be used as buy back and burn, with the remaining 20% to be pooled for the raffle.

How Is the Rich Quack Network Secured?

Rich Quack is a BEP-20 token on the Binance Smart Chain. It has been independently audited by Techrate, a highly reputable auditor in the crypto space.

Rich Quack lives on the Binance Smart Chain (BSC), which is the go-to chain for meme coins, thanks to its low fees and fast transaction times. Rich Quack follows in the footsteps of Safemoon and aims to attract enough retail investors that will propel it to new all-time highs.

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so.

When Will Rich Quack Trading Begin?

Rich Quack trading began on June 9, 2021. It reached an all-time high of $0.16536 per 1 billion QUACK on June 15.

Can Rich Quack Hit $0.01?

Rich Quack started with a total supply of 100 quadrillions, although 50% of that has already been burned. Still, it is unlikely to hit $0.01 with that total supply. However, given the low starting price of Rich Quack, even a slight increase in price can already yield significant gains to its holders.

Where Can You Buy Rich Quack (QUACK)?

QUACK is available on Pancakeswap (V2).

If you want to learn more about how to start buying cryptocurrencies, you can read more in our guide.

Need to assign To learn more about this project, check out our deep dive of RichQuack.