Features of Rise Protocol
Rise is an emerging blockchain project that offers exceptional prospects with the objective vision of its founding members. The design of the Rise Protocol network developed by its team possesses outstanding features that make it the future platform for crypto investors and enthusiasts. The development team incorporated special features in its design that enables operate with absolute agility, such that experts believe it to be the synthetic rebase protocol platform with optimized features.
There are several distinct and innovative features on the Rise Protocol platform that distinguishes it from the wide range of projects and platform within the blockchain and cryptocurrency industry. For this article, we will consider a few of them, while subsequent articles will contain other amazing and novel features of the Rise Protocol network.
Rebase Token
For most crypto and blockchain-based projects, this is the most common and core feature of their network. Developing a token or digital asset creates a means of exchange and revenue for community members of any cryptocurrency network. In most platforms, the token possesses several utilities peculiar to that network, and users and investors who intend to participate on the platform and perform certain tasks need to acquire the token. The Rise network has its token, called the RISE Token. This digital asset functions as a Rebase Coin and during the initial stages of the project, the management team pegged it to the Ethereum Blockchain Network.
This was because of the incredible features and advanced technologies on that network and the team wanted it embedded on the Rise network. One of the features is the supermassive Black hole and other deflationary mechanisms.
Dynamic Peg
Rise team members are developing their platform to function dynamically; having the feature that enables changes between different blockchains and assets at any time in the future. These intended future assets may include Bitcoin (BTC), Polkadot (DOT), ChainLink (LINK), USD Coin (USDC), etc. Using the technological capabilities of blockchain technology, the management team will control and monitor these dynamic changes through governance.
The pegging will commence initially with the Ethereum Network at a value of 0.01 ETH and adoption of an initial lag factor of five will be implemented; this will enable the avoidance of over-inflation. The management team can exercise their control, through governance, over the lag factor, to increase the security level. Rise governance team enables this additional protection to prevent the token from the effect of drastic fluctuating market conditions. This feature of being pegged to any crypto-asset is one of the most exceptional and amazing advantages of the Rise Protocol platform. Having such a level of control and dynamic response of a token, changing from one asset to another through governing protocols, is revolutionary.
Auto-Liquidity Generation
The platform activates the permanent locking into the liquidity of one percent of all sales on the network and it enables the continuous rise in liquidity and sales activity.
Liquidity Provider Rewards
Rise Protocol rewards community members who remain active liquidity providers with about one percent of all sales. There is a value increase over time for Uniswap tokens when users provide liquidity.
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 :Cablestand
Bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=2767546
ETH Address:0x6A627Cb21Ec985aFcA2808c9066c1302e30e81fe