- The number of RichQUACK Token (Quack) holders and community members makes it strong.
- Quack has a reward system that encourages diamond hands and tax sellers.
- Quack listing in top exchanges makes it a top token to have as an asset.
RichQUACK token (Quack) has a total supply of 100 quadrillions and has over 100,000 diamond hands according to BscScan. Quack is hyper deflationary, meaning the price of the token increases as the number in circulation deduces. The token is powered by a community of over 165,000 on different social platforms. Although some investors in shitcoins believe that they could be rich overnight, the Quack community works hard together for their members to earn money just by holding the token. New projects can receive financial incentives by launching their tokens with the Quack launchpad and incubator program.
The Covid-19 pandemic has stretched the reserves of different governments, with the U.S economy experiencing the highest inflation ever in 30 years, according to Jerome Powell who serves as the Chair of the Federal Reserve.
The essence of the hyper deflationary technique applied by the RichQuack community is to ensure that long-term holders receive 4% tax for each transaction that is carried out through its smart contract and within exchanges and also an 8% tax that will be used to generate direct liquidity for the project. This 12% tax can encourage investors to hold for the long term.
50% of the 8% tax generated for self liquidity is locked up for financing the team while the remaining 50% will be used to remove QUACK/BNB liquidity by Liquidity Manager for the equal division for Marketing/Development Wallet and QUACKPump and Blackhole Wallet between 24 to 48 hours.
Other features of the Quack ecosystem are Quack Lotto and Mega Quackpot where holders can win different rewards.
According to CoinMarketCap, the Quack token is present in many markets which include Hotbit, Gate.io, MERC, XT, PancakeSwap, LBank, BKEX, ZT Global, MEXC, Digifinex, and BitMart.