RichQUACK DAPP Updates
Dear our beloved QUACK Community,
The Devs sincerely would like to thank you for staying with us through ups and downs and so much FUD from paper hands. You are all Amazing Individuals! If you read this, you know who you are!
As you are all aware, we just updated our dapps. We just added new functions for our launchpad platform:
- Launchpad Levels
Pool IDO participation for the Moon Round Guaranteed Allocation model is broken down into 9 tiers based on the number of QUACK you have staked on RichQUACK.
100B QUACK for Newbie (Tier 1) — 0.5 pool weight (15% Lottery)
500B QUACK for Boy Sminem (Tier 2) — 1 pool weight (35% Lottery)
2T QUACK for Enthusiast (Tier 3) — 2.5 pool weight (80% Lottery)
5.5T QUACK for Adventurer (Tier 4) — 5.5 pool weight (Guaranteed)
12T QUACK for Risk Taker (Tier 5) — 12 pool weight (Guaranteed)
19T QUACK for Maximalist (Tier 6) — 19 pool weight (Guaranteed)
26T QUACK for Angels (Tier 7) — 26 pool weight (Guaranteed)
70T QUACK for Degens (Tier 8) — 70 pool weight (Guaranteed)
150T QUACK for Saint Bogdanoff (Tier 9) — 150 pool weight (Guaranteed)
2. Staking for Launchpad
We decided to separate QUACK Staking pool from the staking pool tab and make a fixed APR for Launchpad Staking. You need to stake your QUACK here to be able to participate in IDOs. This Staking pool will be available very soon. The contract is deployed, We are asking for a 3rd party audit before we start the pool. We only need to send the rewards to the contract and start the pool.
APR for staking is fixed APR%, and it depends on how long you choose to lock your token. We chose to give this amount of APR% because we think it makes sense and will not create too much inflation in the future. As you probably have noticed in the current Defi situation, If you give out extremely high APR%, inflation will follow. It will destroy the price of the token in the long term. In addition, there will be 0% staking / unstaking fee for Launchpad Staking.
3. Staking Pool
The Staking Pool contract is safe and audited. All the feedback we received from the community is considered and updated as per community feedback. Thank you for giving us feedback, and you know we are always listening and will continue to improve everything.
In the future, Since we already have a Staking on launchpad section, this staking pool tab will be the platform for staking QUACK to get other projects’ tokens. We are currently making a proposal so projects would be able to advertise in our community in return of giving their token to QUACK holders. We will publish the proposal when it’s ready, so you all can help us get more projects to QUACK and will benefit all QUACK loyal holders.
