Introduction to Rise Protocol Project
Blockchain technology and cryptocurrency are creating waves across different industries and economies all over the world. Both have several offerings and features that project them into the limelight and integration into most of these corporations and businesses. One of the most adopted innovations of the technologies is Decentralized Finance (DeFi). This is defined as an accessible monetary system, sometimes referred to as open finance, developed on a timeless and decentralized technological blockchain. Usually, innovations and improvements are products of need and demand, likewise the introduction of DeFi. We can identify one of the actors that prompted the development of DeFi as the large number of customers across the globe that experience difficulty in accessing quality and timely financial services. While the functionalities of the present traditional financial structure and system foster nation-building and prosperity for the populace, it has fallen short in its expectancy to reach members of the lower class population.
For every existing challenge, there is the tendency to create a solution. This is the reason why the founding members and development team of Rise Protocol Project created their platform, which enables it to operate as a blockage against any digital asset class. DeFi, an application of blockchain technology, has produced a plethora of platforms and projects introducing different types of financial products, sometimes with new features. Some of the novel features of DeFi networks include flash lending, yield farming, Uniswap, and Ethereum tokenized Bitcoin. However, one trending segment of the crypto and blockchain industry, which Rise Protocol focuses on and is fascinating, is rebase tokens or elastic supply coins.
Before the development of Rise Protocol Project, there have been several platforms working on different token rebases, as well as other creative market growths, for example, the frictionless results. However, despite the successes, no blockchain network unites the benefits of all existing projects into a single entity. This is what Rise Protocol is all about.
[credit(https://twitter.com/RiseProtocol)
What is Rise Protocol?
This is a decentralized synthetic rebase platform developed with built-in improved and sophisticated financial tools that enables it to function as a hedge against any digital asset class. The cryptocurrency that this network starts its pegging from is Ethereum (ETH). The management team of Rise chose Ethereum due to its overall significance in the blockchain industry, as well as in DeFi. Users and investors often find it easier and more convenient to peg the asset because they need to purchase RISE tokens with ETH.
This exceptional rebase token platform offers new and modern financial technologies to its users and customers, which help to facilitate smooth and simple transactions and payments. These technologies, which are not all-inclusive in certain individual projects, include frictionless results, price fluctuation through elastic supply, industry-leading governance, and deflationary mechanisms. The combination of both improved technologies and the human expertise and contributions of Rise blockchain experts and professionals ensure that the platform remains sustainable and achieves its set objectives. However, it stays within the confines of the principles and effects of demand or supply. Rise Token holders also receive rewards for each transaction performed on the network.
USEFUL LINKS
Website:https://riseprotocol.io/
Telegram :https://t.me/RiseProtocolOfficial
Twitter :https://twitter.com/RiseProtocol
Riddit :https://www.reddit.com/user/riseprotocolofficial
AUTHOR'S DETAILS
Bitcointalk Username :Borderescape
Bitcointalk profile link :https://bitcointalk.org/index.php?action=profile;u=2768312
ETH Address :0xD0D9b111E4a0d158801611F6f335f2961091E728