As the US Federal Reserve prints more and more money, inflation has now reached its highest point in 30 years. While governments insist the high inflation is transitory, many fear the long-lasting effect this will have on prices and the value of their money. In fact, the rising prices of cars, food, and gas are actually causing a psychological shift in Americans’ minds, as inflation becomes a top concern for many. RichQuack is trying to solve the inflation problem with a new hyper-deflationary token.
What Is RichQuack?
RichQuack is a 100% community-driven platform that leverages hyper-deflationary tokens with high liquidity that awards holders with static rewards. The coin supply is constantly decreasing with part of the transaction fee automatically burned. This way the coin has an ever-decreasing cap making the coin more valuable over time.
The QUACK token is listed on Gate.io, Bitmart, Digifinex, Hotbit, ZT Global, XT.com Exchange, PancakeSwap, MEXC, and BKEX.
RichQuack was launched on the Binance Smart Chain with the simple goal of making its investors rich. RichQuack is a play on words, mocking those who want to get rich fast without working hard. They are a community of members that work hard together, for token holders to earn money simply by holding the token.
RichQuack has a strong community of over 100,000 on Twitter and 65,000 on Telegram.
RichQuack Overcomes Inflation With The Deflationary Token
RichQuack overcomes the problem of inflation by launching a deflationary token with a built-in 12% transaction fee 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
RichQuack Launchpad
RichQuack also provides a launchpad or incubator program that helps launch other tokens by making them a pitch deck and providing capital.
Read Also: Twitter Chief Jack Dorsey Predicts A Hyperinflation In The U.S. And Globally