Gamification of DeFi Trading with TrustRise
TrustRise is an on-chain decentralized finance (DeFi) game with a basis in game theory. It has a unique game theory aspect in that it rewards its holders, and penalizes early sellers, determining when users should buy and sell their tokens.
The longer users hold $TRISE, the more tokens they receive, and the higher the value of those tokens goes up. The game experience is driven by the holders of TrustRise, making it a true community-driven token.
Fees are built into the TrustRise smart contract itself and consist of liquidity, a prize pool wallet, and redistribution. The liquidity and prize pool rates stay the same, while the redistribution fee fluctuates. It starts off high and gradually decreases as time goes on, rewarding early holders with a form of passive income.
The TrustRise Token
The token behind TrustRise, $TRISE, was launched on the Binance Smart Chain. $TRISE has been listed on CoinMarketCap and CoinGecko and is available for trading on PancakeSwap. At the time of writing this article, $TRISE is priced right around $0.000066 USD.
The buy and sell fees for $TRISE are embedded into the smart contract itself. The buying fee (6%) consists of 2% liquidity, 2% redistribution, and 2% that goes toward the prize pool. There is also a selling fee. The 2% liquidity and 2% prize pool fee will remain constant for selling, however, the redistribution fee will fluctuate. It will initially start at 30% after launch and will diminish over time, by 3% per day after one week.
Outside of the marketing wallet, the team doesn’t have any tokens.
TrustRise Roadmap
TrustRise has made great progress on their Roadmap, and has completed four out of their eight phases, or “chapters.”
At the time of writing this article, they have completed their presale on DxSale, where they raised 402 BNB over a two-day period. This liquidity was locked on DxSale, and will be locked until 2030, to assure users their funds are safe.
After completing the presale, TrustRise was listed on PancakeSwap. They also started their game, Dynamic Tokenomics, and listed on CoinMarketCap, and CoinGecko.
They are currently working on partnering with several big influencers, like VoskCoin, to get the word out about their game!
Once TrustRise’s redistribution fee hits 2%, they plan to distribute the prize pool amongst the $TRISE holders. Then, they plan to start a new game, where original holders will have a slight advantage. Details about the new game have not been announced yet, but their goal is to continue to develop and release new games to the community as long as there is demand for it.
The Team Behind TrustRise
The team behind TrustRise is not publicly doxxed, but they have been KYC’d by Coinsult. This means that a third party has all the identifying information for the members of the team, and can release their information if the project were to ever rug pull.
Investors are also able to report an incident if they think a project has scammed or rug pulled.
The team also has their contact information for Twitter and Telegram publicly on their website if users ever want to reach out.
Check out TrustRise to learn more:
Website
Whitepaper
Coinsult Audit
TrustRise on PancakeSwap
Telegram
Thank you to TrustRise for sponsoring this article. Check out their website for more information. This is not financial advice; please do your own research before investing in any project.
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