MEXC Global
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MEXC Global

MEXC AMA with QuackBro from RichQUACK

Guest : QuackBro, co founder of RichQUACK.
Host: Miranda

Introduction:

Hello Everyone, I’m QuackBro, co-founder of RichQUACK.

https://github.com/TechRate/Smart-Contract-Audits/blob/main/RichQuack%20Full%20Smart%20Contract%20Security%20Audit.pdf

Questions from the community:

Q1:

Miranda: What is RichQUACK? Can you share with us more in detail?

QuackBRO: RichQUACK is a play on words. We made richQUACK to mock people who want to get rich quick but not doing anything. RichQuack (QUACK) 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.

RichQuack is set to provide a launchpad, alongside an incubator program with financial incentives, to help other projects kick off their own tokens and give QUACK Holders opportunities to invest in a safe environment.

Miranda: sounds interesting🤣

Q2:

Miranda: Can you tell us what triggers you to RichQUACK ? What are some of the real-world problems/ pain points that RichQUACK aims to solve?

QuackBRO: What triggered us to RichQUACK is that we believe deflationary tokens are the cure to inflation. While fiat currency is printed massively everyday, our token supply is burned everyday.

Unique thing about RichQuack is that it has a blackhole system. Unlike other deflationary tokens, we burned tokens to the blackhole. The blackhole receives reflections from every buy/sell transaction resulting in a massive deflation as it gets bigger.

Miranda: ya, it’s true, the inflation is a great issue

QuackBRO: Combined with a pump wallet mechanism, where we have transaction fees that are specifically allocated to buyback QUACK tokens and send them to blackhole, QUACK tokenomics is definitely special and one of a kind!

We also chose launchpad platform as our main product because there are a lot of scams and rugs in crypto right now. We want to help our holders to avoid that kind of project and give them a chance to invest in a safe environment where we select and incubate the projects beforehand, therefore minimizing chances of bad investment.

Q3:

Miranda: What is the role of $QUACK in RichQUACK? Would you tell us more about its tokenomics?

QuackBRO: $QUACK will be used for:

Voting

Staking

Launchpad Tiers

Lottery

Raffle

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

Q4:

Miranda: Are there any exciting news or updates with regards to RichQUACK that you would like to share with our users?

QuackBRO: Yes of course

We are excited to reach the end of year. As we stated on our roadmap, we will be releasing voting, staking, and the launchpad on our website before the end of this year. We will also announce 1 incubated project soon.

Q5:

Miranda: Our last question: If you were to summarize your project in ONE word, what would it be? Why?

QuackBRO: Passion

We are very passionate about our project, Fighting for the community and being able to give back to everyone with our hard work is a tremendous motivation to keep this project going. We are definitely here to stay and will keep improving it for the best interest of our community.

Free-asking Session

Q1. What is the most ambitious goal of your project? Could share with us any Upcoming Updates?

QuackBRO:

Helping start ups to bridge between real world and crypto world, giving a massive value for investors and startups . As we stated on our roadmap, we will be releasing voting, staking, and the launchpad on our website before the end of this year. We will also announce 1 incubated project soon.

Q2. Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.

QuackBRO:

RichQUACK have been doing really well in building the community. There are a lot of events going on everyday on all social platforms. This keeps the community engaged while waiting for the real utility / product launched. We have also hired external PR agency to help us, they have been working with top companies like Spotify, Intel, Waze, Microsoft, Google, Jfrog, Status.IM, Celsius, Bancor, Waves, and TrueFi.

RichQUACK will acquire users by putting out a real product. This massive support from the community encourages the developers to build quickly. The best way to acquire users is by having a quality product.

Launchpad Development: We are building the Launchpad in unison with the staking, raffle, and lottery development side. By building both in parallel, we are capable of setting up wireframes to prepare for integration. There is a lot of testing that needs to be done. As you know, with smart contracts involved, you must constantly be testing. This is the only way to avoid mistakes.

We are pushing hard, so please stay tuned!

Q3. What is PROJECT’s revenue model? In which ways do you generate revenue/profit?

QuackBRO:

2% Marketing and Development Taxes from RichQUACK tokenomics is the main source of revenue to keep the project running right now, and we have been using it wisely.

When the products are launched, We will have platform fees for staking, lottery, and launchpad.

We will take 40% of the platform fees to continue growing our platform. The rest of the 60% will be distributed as follows: 50% Liquidity Mining Rewards, 30% Pump Wallet, 20% MEGA Quackpot Raffle.

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MEXC Global

Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. Visit us at https://www.mexc.com/