The meme project’s community is growing, perhaps driven by the platform's utilities.
Rich Quack Takes the Lead
Emerging BNB Chain protocol Rich Quack is currently making waves in the cryptospace with projects incubated by the platform as well as the strong performance of its native token.
Rich Quack stealth-launched in June 2021 as a community-driven initiative.
As seen on its website, the project has a decentralized multi-chain launchpad and plans for a metaverse. Other offerings include a lotto and raffle service where players can win rewards by wagering their $QUACK tokens.
As of July 21, Rich Quack heads the list of BNB Chain projects most socially active on Twitter. Considering Rich Quack beat notable BNB Chain meme-heavyweights like SafeMoon, Baby Doge Coin, and FlokiInu to get to the top of the list, one is compelled to take a closer look at what the buzz is about Rich Quack.
So, what makes Rich Quack tick? Like many meme tokens, QUACK started with a huge total supply, 100 quadrillion tokens, out of which 50 quadrillion was burned at launch. The current circulating supply is 44.5 quadrillion tokens.
QUACK is a reflection token, and redistributes 4% of the transaction fee to holders while 4% goes to the liquidity pool and 2% to the buy-back-and-burn blackhole.
Gate.io Labs has a strategic investment in Rich Quack which calls itself the next competitor of Dogecoin. The token promises to make its long-term investors “fucking rich.” From an all-time low price of $0.000000000012 in October 2021, QUACK multiplied its value by 1,288 times, reaching an all-time high of $0.000000015463 in November 2021. The value has since fallen from its all-time-high by about 95% to $0.000000000749, with a total Market Cap (MC) of $33.3 million, as of writing.
Another thing that seems to attract meme token lovers to the Rich Quack project is its incubator and launchpad. Holders of the QUACK token get early access to Initial DEX Offerings (IDOs) and token presales of projects incubated by the platform. The platform successfully incubated its first project, Earthling, in May.
In an interview with AmbCrypto, RichQuack’s anonymous founder explained how the launchpad adds value for the token's holders:
"We pick the best & safest project for QUACK Holders. There are a lot of scams and rugs in crypto right now. We want to help our investors to avoid that kind of project. We want to create a fair launch system for everyone so that everyone could have an opportunity to participate in presales,” he said. “We believe that IDO will be the future for everyone to raise capital. Hopefully, we can get some real-world companies to do their IDO with QUACK Launchpad. We will be working with some Angels and VCs to make this happen."
Are we seeing another meme token emerge to battle for the title of king of the crypto meme-space with established heavyweights like Shiba Inu ($6.9 billion MC), SafeMoon ($244.2 million MC), Baby Doge Coin ($206.9 million MC), Floki Inu ($89.8 million MC), etc?
Social media followership is a common metric used to assess the strength of a meme project's community. The number of Rich Quack's Twitter followers is currently above 240,000 and is steadily growing which may suggest that another contender to the meme-crown has come to town.
This article is not an endorsement of Rich Quack but rather seeks to highlight a new trend in the BNB Chain meme-space.
What is Rich Quack:
Rich Quack is a community-driven project which was founded to give the best returns for the community effort of its investors. The platform's utility includes a decentralized multi-chain launchpad, raffles, and lotteries for holders of the QUACK token.
The platform's QUACK token is hyper-deflationary and rewards long-term holders with a portion of the transaction tax and early access to IDOs.
Where to find Rich Quack:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Author
Related News
Binance Executive Tigran Gambaryan Sues Nigeria's NSA and EFCC
The lawsuit reflects escalating tensions amidst allegations of innocence and regulatory scrutiny surrounding Binance Nigeria's alleged involvement in illicit financial activities.
The detained executive of Binance, Mr. Tigran Gambaryan, has taken legal action against Nigeria's National Security Adviser (NSA) Nuhu Ribadu, and the Economic and Financial Crimes Commission (EFCC).
Gambaryan, along with the firm's Africa Regional Manager, Mr. Nadeem Anjarwalla, filed a fundamental human rights violation suit amidst ongoing legal turmoil.
Gambaryan's legal challenge, initiated alongside his lawyer Mr. Olujoke Aliyu, aims to address his prolonged detention by the federal government. The suit, presented before Justice Inyang Ekwo of the Federal High Court in Abuja, challenges the legality of Gambaryan's continued confinement and the seizure of his international travel passport.
Gambaryan, a US citizen overseeing financial crime compliance at Binance, contends that his detention and passport seizure violates Section 35 (1) and (4) of Nigeria's 1999 Constitution. His legal team seeks various reliefs, including his release from custody, the return of his passport, a public apology from the NSA and EFCC, and an injunction against future investigations.
Allegations of Innocence Amidst Legal Turmoil
Gambaryan and his colleague's legal representatives maintain their innocence, claiming that the arrests occurred during discussions with Nigerian authorities regarding legal conflicts involving Binance.
In a dramatic turn of events, Binance's African regional manager, Nadeem Anjarwalla, recently fled Nigerian custody. Anjarwalla's escape follows mounting tensions surrounding the Nigerian authorities' investigation into alleged illicit financial activities involving Binance Nigeria, totaling a staggering $26 billion.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author
Try Now!
Sign up Now
Coming Soon
WIN BIG
Coming Soon
Start Earning Today!
Earn Now
Coming Soon
Sign Up Now
Play & Mine!
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%