An Interview with the founder of Rich Quack — AMBCrypto
Rich Quack is a stealth launched community platform that is driven by a 100% deflationary token QUACK which has a built-in 10% transaction fee. The 10% fee is further divided into 5% Safe Auto-Farm which is then redistributed to the token holders and the other 5% which is set aside of Auto LP and an Anti-whale feature.
The QUACK token is among the top 13 trending tokens on CoinMarketCap and the top 10 on the most searched crypto assets on CoinMarketCap as well.
In conversation with the founder of Rich Quack, we discuss the Rich Quack platform, the motivation behind creating it, its Anti-Whale and Blackhole features, and much more.
1. What was the main motivation behind launching Rich Quack?
Everyone wants to get rich quickly, but few are willing to do whatever it takes to EARN it. Rich QUACK is a play on words, a fun way for us to mock those people who do nothing, complain, and expect other people, destiny, or even God? To give them everything in life.
Here is some disclaimer before you join the Get Rich QUACK movement. Hope all of you understood by now that if we don’t work hard together, it will not happen. The only way we can all get rich QUACK is by working together as a community. We want to create a supportive and motivated community of holders who are ready to work hard, contribute & risk it all for our one common goal! Get Crazy Quacking Rich Together!
2. What makes Rich Quack stand out from its competitors in the crypto ecosystem?
The core team, we have worked together previously in building multimillion-dollar businesses that are still thriving and growing. We also provide a range of branding, marketing, advisory to real-world brands to grow from zero to hero.
So, being a seasoned team and businesses vets. We are very confident that we can bring all that knowledge and experience to bring more value to the table.
3. Could you tell us more about the Black Hole design that has been adopted by the Rich Quack token?
With a 50% QUACK circulating supply stuck inside the black hole, it will also receive part of the 5% of transactions that are distributed to holders at every transaction. This results in an exponential growth of the black hole.
It is only 33 days after launch and the black hole has already grown to 52% percent ownership of the total supply. Token burn on steroids.
4. How would the auto-liquidity feature prove beneficial for users of the platform?
Yes, 5% of every transaction is locked as liquidity in the PancakeSwap QUACK/BNB pool, creating an ever-rising price floor.
Higher liquidity usually creates a less volatile market in which prices don’t fluctuate as drastically. Safer trading environment for our Quack Investor.
5. What does the Rich Quack platform’s decentralization model look like?
Fair Launch: 100% of the QUACK supply outside of the Blackhole was seeded as liquidity. That means no presale and no allocation to team members. Making QUACK a 100% community-driven project. Led and managed by volunteers.
We will also build a DAO voting mechanism for token holders to vote on projects that will be launched in our QUACK IDO Platform. The community will help us to do extra due diligence in case we missed anything. We will also open votes, once in a while, for development decisions that need to make together.
6. The Rich Quack community has seen significant growth since its launch, what do you consider to be the driving factor behind this?
“It takes multiple dips then ATH for people to believe in us.” -CZ.
When we launched the first version of RichQUACK, we had some flaws in the contract. Someone exploited it and we lost everything. Some of our holders accused us of rug pull but we proved to them that it wasn’t us. Also, we managed to gather the lost BNBs, with our own money to recover holders’ losses.
We learned our lesson the hard way.
For our current contract, we did a full audit to make sure everything is safe before we distributed the new QUACK token to everyone. Basically, many who invested in QUACK becomes a big believer in this project. We grow exponentially from this small community. Without the community, there won’t be Richquack. They are the ones who have been supporting and fighting for us.
Since the very beginning of Richquack. Stay with us during the ups and downs. Fighting for the community and being able to give back to everyone with our hard work and timely delivery is a tremendous motivation to keep this project going. Transparency, Trust, and a cult-like community is the driving factor of our growth. As time goes by, our QUACK Family will only become stronger and stronger!
7. Tell us more about the QUACK token and its use cases.
Quack will be the first Launchpad of its kind, a deflationary token with real utility. Everyone in this world loves money, our main goal for QUACK is to help every long-term investor make a lot of money.
With the token’s deflationary nature, Holders will be rewarded with AutoFarm only for holding! AutoFarm comes from the 5% Transaction fee taxed every time people buy or sell the token. The blackhole exponentially keeps sucking the total supply in circulation, creating an ever-rising price floor.
QUACK will have our own Launchpad platform, we will 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 actually have an opportunity to participate in presales.
We believe that IDO will be the future for everyone to raise capital. We are still exploring this but we want to be the bridge between both worlds. Hopefully, we can get some real-world companies to do their IDO with QUACK Launchpad. We will be working with some Angels and VC to make this happen.
Additionally, we will also have a jackpot raffle for our holders. As long as you hold QUACK, you are eligible to win the Jackpot! Also, we have an upcoming lottery platform. For people to gamble and win even more money. Fantastically, all profit from our platform will go to holders! 50% go to liquidity mining rewards, 30% Buy Back QUACK Token and send to Blackhole, 20% for the Jackpot Raffle
8. Could you help us understand more about the Anti-Whale feature on Rich Quack?
No transaction can involve more than 0.1% of our supply. So whales can’t dump their whole bag directly and destroy the price significantly.
9. Within 15 days of its launch, Rich Quack got listed on CoinGecko and Coinmarketcap. How essential is this milestone for the platform’s future endeavors?
Very essential, listed on Coin Gecko and CoinMarketCap put us on the map. We have our logo and price synced to all apps that use CMC & Coin Gecko API for data. Making it easier for the Quack investors to check on their portfolio. We get a lot of exposure and new investors coming from both platforms.
10. How is the Rich Quack platform working on expanding its community?
We are planning to spread awareness about our project in different countries by listing QUACK in more exchanges, building our site with multiple languages, having community representatives for each language, also we are planning to work with multiple news sites to spread more awareness about us in multiple languages.
Also, we are open if one of our community members would like to step up and help us represent their country. Here is all other RichQUACK Official Group:
RichQUACK Announcement Group: https://t.me/getrichquack
11. What are the future milestones in the Rich Quack roadmap that we should look forward to?
Help Launch the first IDO on our QUACKLaunch Platform!
We will have a staking feature, liquidity mining coming soon. Holders will be able to get incentives by staking QUACK tokens to earn other coins from IDO and will be rewarded for providing liquidity for QUACK or other partners.
For more information check out their website and their Telegram here.
Disclaimer: This is a paid post and should not be treated as news/advice.
Originally published at https://ambcrypto.com on July 12, 2021.
