Rise protocol

maniecool (36)in #riseprotocol • 4 years ago

Cryptocurrency is Steadily gaining grounds despite several criticism from countries and concerned individual about what the outcome could turn out to be however the advent of crypto has made life ,ugh more easier as the merits of using and building ga project on crypto foundation outweighs the demerits by far
I am going to talk about the project titled Rise protocol in this article we shall be looking at the nitty gritty of this project and why I think you should seize the opportunity or take chance by investing in it

First of all we need to know what the project is all about
Spare me a minute to read about it then make your decision after a good read

Rise Protocol is a decentralized synthetic rebase asset with built-in advanced financial tools that allow it to function as a hedge against any crypto asset class. The starting stake for Ethereum (ETH) was chosen because of its basic importance in DeFi as a whole. This peg is also easy to digest, because investors have to buy RISE using ETH.

The Rise Protocol is the world’s most advanced elastic supply device. it is initially pegged to 0.01 ETH, but with the ability through governance to adapt and dynamically be pegged to any asset class depending on investors and market sentiment. This level of adaptability is unique in today’s competitive crypto environment.

The Rise Protocol manages price volatility through elastic supply, deflationary mechanisms, frictionless yields and industry-leading governance. This combination of technology and human contribution enabled Bangkit to grow rapidly, but not exceeding demand or supply. So, the token symbol is named — RISE.

The Features

Rebase Token

Rebase token initially pegged to Ethereum with powerful “Supermassive Black Hole” deflationary mechanisms.

Dynamic Peg

Fully adaptable to changing market and investor behavior, peg can be changed to any asset or asset class (BTC, DOT, LINK, USDC, etc.) in the future. This will be controlled through governance.

Frictionless Yield

2% of every transaction (except buys) is instantly and automatically distributed to all Rise holders. You will see your wallet balance increase with each transaction!

Auto-Liquidity Generation

1% of every sell is permanently locked into liquidity, meaning an ever increasing liquidity and sell floor

Liquidity Provider Rewards

1% of every sell is automatically distributed to our liquidity providers as a reward. If you provide liquidity, your Uniswap LP tokens will automatically increase in value over time.

How It works?

Rise Protocol runs on the Ethereum network, the worlds most popular Decentralized platform.

With a plethora of advanced technologies, such as frictionless yield, a dynamic and adaptable peg, powerful deflationary mechanisms, and auto-liquidity generation make the Rise Protocol the most advanced rebase token in the world.

A percentage of each buy and sell transaction is automatically distributed to all the holders meaning extra tokens for doing absolutely nothing, except holding the token in your wallet.

The Benefits

Rise Protocol has the unique ability to peg to any asset class or combination of assets. Other rebase tokens have a static peg that can never be altered, meaning as market and investor sentiments change, they fail to adapt with it. Rise protocol solves this design flaw with our adaptable peg.

Unlike any other rebase token around, Rise also incorporates frictionless yield generation to reward holders, auto-liquidity generation and auto-reward distribution for liquidity providers.

Other rebase tokens will remove tokens on a daily basis from your wallet if the token price is below peg. Rise Protocol has powerful deflationary mechanisms that increase in effect over time. If a positive rebase is not achieved 3 days in a row then a supply adjustment occurs to bring the price of Rise back to peg.

Why Rise Protocol Stands Out?

Rise Protocol is the worlds most advanced rebase token that through governance can be adapted and dynamically pegged to any asset class depending on investor and market sentiment, allowing for a level of flexibility and adaptability never seen before in any rebase token.

A daily rebase occurs if the token price is above peg, meaning holders will automatically receive more tokens in their wallets. There are powerful deflationary mechanisms in place to maintain the value of Rise to it’s peg, but if after 3 days of no positive rebases, and not being within 5% of peg, then a supply adjustment occurs to automatically bring the price back to peg.

Frictionless yield technology is also embedded within the Rise Protocol, which means that just by holding the Rise token in your wallet, holders will receive extra tokens as a percentage of every buy and sell transaction is distributed back to the holders.

About The Rise Protocol Token

Rise Protocol is the worlds most advanced rebase token. During the presale period, we are offering 1 RISE token for 0.01 ETH. A total of 37,500 RISE is available for presale. Minimum contribution per wallet is 0.5 ETH, maximum contribution per wallet is 4 ETH. Please register for the whitelist as this will guarantee you an allocation in the presale. Remaining RISE tokens from the whitelist presale, if any, will be offered in an open public presale 1 hour later.

Token Details

Hard cap: 375 ETH

Total presale amount: 37,500 RISE

Total initial supply: 100,000 RISE

Whitelist Presale Begins: February 7th. 2021, 20:00 UTC

Whitelist Presale Ends: February 7th, 2021, 21:00 UTC

Public Presale Begins: February 7th, 2021, 22:00 UTC

Token Distribution

PRESALE DETAILS:
Price: 1 ETH = 100 RISE

Whitelist registration will open on February 4th, 2021 20:00 UTC.

Whitelist link will be posted on our official Twitter and Telegram channels.

You must complete all tasks on the whitelist registration form in order to be accepted into the whitelist! The team will be reviewing every application to validate. The whitelist will close once 375 ETH have been pledged.

Make sure to register for the whitelist to guarantee an allocation in the presale! A public presale will not occur if all 375 ETH is pledged, and all whitelisted wallets contribute their pledged amounts.

● Minimum pledge = 0.5 ETH, Maximum pledge = 4 ETH

Presale will take place across 2 rounds starting on February 7th, 2021 20:00 UTC, with the first round dedicated to those on the whitelist.

● Round 1

(20:00 UTC – 21:00 UTC) – Whitelisted wallets only.

Whitelisted wallets will have 1 hour starting on February 7th, 2021 20:00 UTC to send in their pledges. Once the contribution period ends, transactions and wallets will be validated to ensure wallet addresses and contributed amount matches the whitelist. Any unclaimed RISE from the whitelist will then be available in a first come first served public presale.

● Round 2

(22:00 UTC) – Public presale.

Any unclaimed RISE from the whitelist allocations will be made available to a public presale on a first come first served basis.

LAUNCH DATE/TIME:

RISE will launch on Uniswap and trading will be enabled on February 11th, 2021 20:00 UTC.

TOKEN DISTRIBUTION:

● Initial total supply – 100,000 RISE

● Presale – 37,500 RISE

● Initial Uniswap Liquidity – 30,000 RISE

● Seed investors (vested over 1 month) – 25,000 RISE

● Team funds (vested over 2 months) – 5,000 RISE

● Development & Marketing – 2,500 RISE

Team Members

Shuaps - Technical Lead, Project Management & Strategy

PBL00 - Branding, Strategy & Development

Jamie - Development, Auditing & Strategy

Andy - Website, Social Media & Community Manager

Radinho - Website, Social Media & Community Manager

CJ - Marketing

CryptKeep3r - Website, Social Media & Community Manager

RoadMap

The idea and concept

November 2020 – the project idea is born. Plans are drawn up and smart contracts are created.

Beta testing

December 2020 – Extensive testing on Ropsten testnet to ensure everything down to the smallest detail works as designed.

Token presale

January 2021 – Seed investors sale followed by a presale in February 2021 with 37500 Rise on offer.

Code audit and go live

February 2021 – Professional code audit and launch of Rise Protocol on Uniswap.

Q2 enhancements

Q2 2021 – New partnership announced to create additional transactions, generating more tokens for holders of Rise, utilizing frictionless yield. Launch of the governance platform.

Q3 enhancements

Q3 2021 – Implement Chainlink Price Oracles to further enhance the adaptable and dynamic peg function. Further enhance the rebase dashboard to pull in additional feeds.

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