RichQuack ($QUACK) Explained: What is QUACK and how to buy QUACK coin (2023/2024 Edition)
BitKan explores a new coin that has a 100x potential: Introducing RichQuack (or $QUACK)! What is QUACK coin and How to buy QUACK?
You may have heard of Dogecoin, Shiba Inu…and all other coins that have a 100x potential, but what about RichQuack? In the crypto subspace of the highest potential and memeability, RichQuack sits at a nice spot.
Ever pulled up “richquack coinmarketcap” or “richquack coingecko”? In this series of BitKan Explore, we will explore RichQuack ($QUACK) and whether or not this can potentially fit into your cryptocurrency investment.
What Does RichQuack (QUACK) do and offer?
RichQuack (QUACK) is a 100% community-driven project that is designed for automatic liquidity that generates payouts and static rewards for its holders. What this means is that you literally buy QUACK tokens, hold them, and you will get more QUACK tokens the longer you hold.
With a play on words that mocks a growing trend of newbie crypto enthusiasts looking to get rich quickly, RichQuack is more than just about holding — RichQuack (QUACK) has platform plans to launch a jackpot ruffle event, aptly called the “Quackpot,” as well as a lottery game that will be played in hourly, daily, weekly and monthly intervals.
RichQuack (QUACK) Tokenomics and QUACK Burn Mechanism Explained
53.4% of $QUACK’s supply has been burned and this results in super fast burn rate that is exponentially increasing as a result of this burning mechanism. Because QUACK is a BEP-20 token with a total supply of 100 quadrillions, a 53.4% drawdown means its total supply has shrunk to about 45 quadrillion.
In terms of the remaining 45 quadrillion QUACK tokens, it is simply allocated or moved around through the following:
- QUACK can be locked up for 5 years for loyal holders so that they can enjoy extra QUACK for a very long time. Locking up has positive impacts to the price movement as it means that there will be less QUACK available.
- There is a 12% transaction fee each time you do a trade related to QUACK: 4% Holder Rewards, 4% Auto Liquidity, 2% Quack PUMP & Burn Wallet, 2% Marketing & Dev Wallet.
- There is a 3% ecosystem reward that is deployed in terms of 1% in Deployer Wallet & 2% Locked in Team.Finance for Airdrop & Staking Rewards.
In a nutshell:
- RichQuack offers a hyper-deflationary token where 50% of its supply is set to be burned or sent to a black hole.
- The platform’s token features a 10% transaction fee that is distributed to RichQuack (QUACK) token holders automatically through an automated yield farming system as well as a liquidity mining infrastructure.
- Out of the collected fees, 5% will go to the auto-farming system, where tokens will be distributed to the token holders. Another 5% will be locked in a liquidity pool on PancakeSwap.
- Going forward, the token will offer a jackpot ruffle event called the “Quackpot”.
Is RichQuack (QUACK) safe? Who created QUACK?
RichQuack (QUACK) prides itself to be whale-free as no wallet holds more than 1% of token supply. Sells are restricted to less than 1% of the total supply. This ensures that whales don’t move the price too much.
Furthermore, QUACK is a stealth fair launched token that has passsed Security Audit by TechRate, LP Locked, Anti-Whale, RUG Proof & 100% community-driven project on the Binance Smart Chain (BSC) network.
At the moment, there is no mention of the creators of the RichQuack (QUACK) token. The platform’s website, however, claims that the project is 100% community-driven and managed by volunteers.
Of course, multiple variables go towards predicting the future price of any crypto asset. If you are planning on investing in RichQuack (QUACK), you will be betting on the fact that community sentiment would drive up high enough to ensure that an economy of QUACK enthusiasts can escalate the token into new highs.
RichQuack (QUACK) Price?
At the time of writing on 14 Oct 2022, the price of RichQuack is set at $0.00000000277. Bear in mind that this is during a bear market, and prices will change differently especially when the market turns bull.
It is not unforeseeable that RichQuack, with a current market cap of $110 million, could eventually catch SHIB ($5 billion) and DOGE ($7.5 billion), given how quickly things can catch on in crypto.
Flipping SHIB would see 45x returns for QUACK holders and DOGE 70x.
RichQuack currently has momentum and brand recognition in the space, which often counts for a lot, especially with meme coins. However, once that momentum is lost, it is difficult to regain, especially with large supply coins — DOGE and SHIB being prime examples.
How to buy RichQuack (QUACK) tokens?
RichQuack (QUACK) exists in the Binance Smart Chain (BSC) network with the contract number 0xd74b782e05aa25c50e7330af541d46e18f36661c.
Traditionally, you have to buy some Binance (BNB) coin (or any other coins that support the withdrawal via BSC!) on BitKan and withdraw them to your cold wallet via the BSC network. Once it is in your cold wallet, you can swap for QUACK tokens on PancakeSwap.
But you can simply do everything with BitKan.
You may also buy QUACK tokens directly on BitKan as well. Sign up for an account via BitKan: https://bitkan.com/account/signup and put in some USDT or fiat money to get started!
You can find our guide on how to charge some money into your wallet over here, using BTC as an example of a coin you can buy from us: https://medium.com/bitkan-blog/completing-kyc-and-buying-bitcoin-guide-by-bitkan-crypto-exchange-3a532cbe5420
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