RichQuack recently launched a new hyper-deflationary token to solve the inflation problem. RickQUACK is not just building a hyper-deflationary token, but it also plans to incubate other projects and explore Metaverse space.
AlexaBlockchain turned to RichQUACK team looking for some insight into the project and their future plans. The company immediately plans to release their main products as soon as possible and also plans to announce first incubator project. At a later stage, RichQUACK will explore the possibilities related to P2E, NFTs, and Metaverse.
A transcript of the conversation was edited for length and clarity.
AlexaBlockchain: What was the main motivation behind launching RichQUACK?
RichQUACK: RichQUACK is a play on words. We made RichQUACK to mock people who want to get rich quickly but not do anything. RichQUACK targets users who are willing to work hard as a community. You don’t get in life what you want, you get in life what you are. We believe with the power of community and hard work we can do it together.
RichQUACK (QUACK), a 100% community-driven project that is set to develop an actual community-driven ecosystem that will allow token holders to earn by simply holding the token.
AlexaBlockchain: How is RichQUACK different from other Hyper-deflationary Tokens?
RichQUACK: RichQUACK has a blackhole system. Unlike other deflationary tokens, we burned tokens to the blackhole. The blackhole received reflections from every buy/sell transaction resulting in a massive deflationary as it gets bigger.
Combined with a pump wallet mechanism, where we have transaction fees that are specifically allocated to buy back QUACK tokens and send them to blackhole, QUACK tokenomics are definitely special and one of a kind!
AlexaBlockchain: Tell us more about RichQUACK’s launchpad or incubator program.
RichQUACK: QUACK Incubator is redefining the funding process with a crowd-sourced framework that sets you up for success. We have set aside the current complex and demanding processes to provide you with the tools you need to thrive.
RichQUACK’s launchpad aka QUACKPad is a fair, decentralized, Multi-chain Launch Ecosystem to HELP Build Your Next-Gen Projects to life. Starting with BSC and soon expanding to ETH, Polkadot & Solana.
AlexaBlockchain: Comment on RichQUACK community. RichQUACK has been able to build a strong community, What are the motivations behind it?
RichQUACK: We love our community. As a community token, building a community was one of our main goals. We envisioned this future community paradise where everyone is happy, contributing and everything is grand.
AlexaBlockchain: Tell us something about the QUACK token and its use cases.
RichQUACK: QUACK Token features a 12% transaction fee and is distributed as follows:
- 4% Tax To Reward Holders and Feed the Blackhole.
- 8% Tax for Self Generating Auto Liquidity
From the 8% Auto-Liquidity Tax, Liquidity Manager will:
- Lock 50% of Auto Liquidity Generated to Team.Finance (4%)
- Remove 50% QUACK/BNB (4%) Liquidity Generated
Manually, daily (24–48h) and split it up to:
- 2% Tax for Marketing & Dev Wallet
- 2% Tax for QUACKPump & Blackhole Wallet
Use cases: Voting, Staking, Launchpad Tiers, Lottery, Raffle
AlexaBlockchain: What are your future plans?
RichQUACK: The current plan is to release our main products as soon as possible and announce our first incubator project. Future plans are to help as many projects as we can to kick off their own tokens and give QUACK holders opportunities to invest in a safe environment. After initial products are launched we are open to many possibilities related to P2E, NFTs, and Metaverse.
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