Rise Protocol — The next-gen hybrid rebase token.
What is the Rise Protocol about ?
Rise Protocol is a synthetic rebasing asset with the unique ability to peg to any asset or combination of assets.
A first amongst rebase tokens, Rise also incorporates frictionless yield generation to reward holders, auto-liquidity generation and auto-reward distribution for liquidity providers, and deflationary mechanisms that increase in effect over time.
Rise Protocol Features:
1. Token Rebase
Rebase token initially pegged to Ethereum with powerful “Supermassive Black Hole” deflationary mechanisms.
2. Dynamic Peg
Fully adaptable to changing market and investor behavior, peg can be changed to any asset or asset class (BTC, DOT, LINK, USDC, etc.) in the future. This will be controlled through governance.
3. Frictionless Yield
2% of every transaction (except buys) is instantly and automatically distributed to all Rise holders. You will see your wallet balance increase with each transaction!
4. Auto-Liquidity Generation
1% of every sell is permanently locked into liquidity, meaning an ever increasing liquidity and sell floor
5. Liquidity Provider Rewards
1% of every sell is automatically distributed to our liquidity providers as a reward. If you provide liquidity, your Uniswap LP tokens will automatically increase in value over time.
How does Rise Protocol work?
Rise Protocol runs on the Ethereum network, the worlds most popular Decentralized platform.
With a plethora of advanced technologies, such as frictionless yield, a dynamic and adaptable peg, powerful deflationary mechanisms, and auto-liquidity generation make the Rise Protocol the most advanced rebase token in the world.
A percentage of each buy and sell transaction is automatically distributed to all the holders meaning extra tokens for doing absolutely nothing, except holding the token in your wallet.
Rise Protocol the problem
Other rebase tokens have a static peg that can never be altered, meaning as market and investor sentiments change, they fail to adapt with it. Rise protocol solves this design flaw with our adaptable and dynamic peg. This allows for flexibility and adaptability never seen before in rebase tokens.
Rise is unique and can be pegged to any asset. Our initial peg will be set to 0.01 ETH. It also uses “lag” which controls the rebase amounts as to not over inflate or deflate our supply. If the lag is 5 and we’re due for a 100% rebase it is divided by 5 giving a 20% rebase. This ensures sustainability of the project coupled with its other deflationary mechanisms. The lag can be adjusted depending on market conditions.
What are Rise Protocol key advantages?
Rise Protocol has the unique ability to peg to any asset class or combination of assets. Other rebase tokens have a static peg that can never be altered, meaning as market and investor sentiments change, they fail to adapt with it. Rise protocol solves this design flaw with our adaptable peg.
Unlike any other rebase token around, Rise also incorporates frictionless yield generation to reward holders, auto-liquidity generation and auto-reward distribution for liquidity providers.
Other rebase tokens will remove tokens on a daily basis from your wallet if the token price is below peg. Rise Protocol has powerful deflationary mechanisms that increase in effect over time. If a positive rebase is not achieved 3 days in a row then a supply adjustment occurs to bring the price of Rise back to peg.
Why does the market need Rise Protocol?
Rise Protocol is the worlds most advanced rebase token that through governance can be adapted and dynamically pegged to any asset class depending on investor and market sentiment, allowing for a level of flexibility and adaptability never seen before in any rebase token.
A daily rebase occurs if the token price is above peg, meaning holders will automatically receive more tokens in their wallets. There are powerful deflationary mechanisms in place to maintain the value of Rise to it’s peg, but if after 3 days of no positive rebases, and not being within 5% of peg, then a supply adjustment occurs to automatically bring the price back to peg.
Frictionless yield technology is also embedded within the Rise Protocol, which means that just by holding the Rise token in your wallet, holders will receive extra tokens as a percentage of every buy and sell transaction is distributed back to the holders.
What is Rise Protocol fee structure?
There is a 7% fee on all sales. This is broken down into the following :
3%: sent to the black hole, burnt and destroyed forever.
1.5%: permanently locked into liquidity.
1.5%: automatically distributed to liquidity providers.
1%: distributed automatically via frictionless yield to all holders.
There is a 3 % fee on all purchases. This is broken down into the following :
1%: sent to the black hole, burnt and destroyed forever.
0.5%: permanently locked into liquidity.
0.5%: automatically distributed to liquidity providers.
1%: distributed automatically via frictionless yield to all holders.
Token sale details
Rise Protocol is the worlds most advanced rebase token. During the presale period, we are offering 1 RISE token for 0.01 ETH. A total of 37,500 RISE is available for presale. Minimum contribution per wallet is 0.5 ETH, maximum contribution per wallet is 4 ETH. Please register for the whitelist as this will guarantee you an allocation in the presale. Remaining RISE tokens from the whitelist presale, if any, will be offered in an open public presale 1 hour later.
Rise Protocol Tokens:
Hard cap: 375 ETH
Total presale amount: 37,500 RISE
Total initial supply: 100,000 RISE
Whitelist Presale Begins: February 7th. 2021, 20:00 UTC
Whitelist Presale Ends: February 7th, 2021, 21:00 UTC
Public Presale Begins: February 7th, 2021, 22:00 UTC
Distribution of Tokens:
Rise Protocol Roadmap
he idea and concept
November 2020 – the project idea is born. Plans are drawn up and smart contracts are created.
Beta testing
December 2020 – Extensive testing on Ropsten testnet to ensure everything down to the smallest detail works as designed.
Presale tokens
January 2021 – Seed investors sale followed by a presale in February 2021 with 37500 Rise on offer.
Code audit and go live
February 2021 – Professional code audit and launch of Rise Protocol on Uniswap.
Q2 enhancements
Q2 2021 – New partnership announced to create additional transactions, generating more tokens for holders of Rise, utilizing frictionless yield. Launch of the governance platform.
Q3 enhancements
Q3 2021 – Implement Chainlink Price Oracles to further enhance the adaptable and dynamic peg function. Further enhance the rebase dashboard to pull in additional feeds.
Rise Protocol Team
Shuaps - Technical Lead, Project Management & Strategy
PBL00 - Branding, Strategy & Development
Jamie - Development, Auditing & Strategy
Andy - Website, Social Media & Community Manager
Radinho - Website, Social Media & Community Manager
CJ - Marketing
CryptKeep3r - Website, Social Media & Community Manager
Partners
Official Resources:
Website: https://riseprotocol.io
Litepaper: https://riseprotocol.io/rise_litepaper
Telegram: https://t.me/RiseProtocolOfficial
Twitter: https://twitter.com/RiseProtocol
Medium: https://medium.com/@riseprotocolofficial
Reddit: https://www.reddit.com/user/riseprotocolofficial
Author:
Bitcointalk Username: Gambangcity
Telegram Username: @Gambangcity
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1855982
ETH: 0xbd4e6B6E19c55D117badfa5C218Ae03263df6072
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