The Rise Protocol is a revolutionary cryptocurrency project that intends to trigger chains of revolutionary trends in the rebase token niche.
Launched at a time that cryptocurrency investors are becoming wary of rebase tokens; I would say that the Rise Protocol and the underlying $RISE token came at the right time.
It is time to restore the lost faith in rebase tokens and prove once more, that deflationary mechanisms can be used to stabilize the prices of crypto assets.
I explain in this article, some of the ways that the Rise Protocol combines both revolutionary tokenomics and the latest technology in the Decentralized Finance (DeFi) industry to create an advanced synthetic rebase token.
THE RISE PROTOCOL DIFFERENCE
In case you are wondering about the difference the Rise Protocol would make, I have explained some of them below:
Liquidity is one reason why many liquidity pools, including Decentralized Exchanges (DEXs) tend to have lags in transactions.
When liquidity isn’t enough, the help of Liquidity Providers (LPs) is often sought. But, this comes with the additional costs of paying or rewarding the Liquidity Providers (LPs).
The Rise Protocol beats all other liquidity pools to that by offering auto-liquidity generation that allow the protocol to lock a portion of the sell orders into its liquidity pool.
The idea is to have an avenue to have consistent liquidity, even if the Liquidity Providers (LPs) are not ready or available to provide liquidity to the protocol.
Elastic Supply Adjustment
One of the reasons why some rebase tokens are not doing so well is because they lack a well-defined elastic supply adjustment technique.
The absence of that could have negative effects on the token’s value via the reduction of the price/value and/or the supply of the tokens.
The Rise Protocol once more, proves that its native rebase token, the Rise token ($RISE) can be better than the other rebase tokens.
In this case, the Rise token uses an elastic supply adjustment that helps in adjusting the supply of the token so that the value doesn’t depreciate further over time.
The Elastic Supply Adjustment technique used here involves the initial pegging of the Rise token ($RISE) to Ethereum (ETH). The initial pegging rate would be 0.001 ETH.
It doesn’t end there. The Rise token ($RISE) will also via the governance structure, be interoperable to be easily pegged to other crypto assets, while including the future calculated metrics.
The workings of the Elastic Supply Adjustment are explained below:
Increased Supply Adjustment
The Rise token ($RISE) is open to adapt to the happenings in the crypto community. So, if the price or value of the token is 100% above the pegged price, there will be a 20% increase in the Rise tokens ($RISE).
Supply adjustment of the Rise token ($RISE) is usually considered on the third consecutive day if the price of the token is 5% below the pegged price.
I am optimistic that the Rise token ($RISE) would usher in a new trend in rebase tokens – a trend that would bring about revolutions in the rebase token market.
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