Summary of RichQUACK AMA on Huobi

In the ever-evolving world of cryptocurrency, it’s crucial to stay informed and up-to-date with the latest developments and trends. One way to gain insights and connect with experts is through Ask Me Anything (AMA) sessions. Recently, Huobi hosted an engaging AMA featuring Jani Holland, a prominent figure in the industry. In this article, we’ll provide a summary of the AMA, highlighting key takeaways and insights shared by Jani, which will prove invaluable for anyone looking to deepen their understanding of the crypto landscape. So, let’s dive in and explore the highlights of this enlightening AMA with Jani Holland.

1.Can you briefly to introduce yourself and your team to our audience?

Ans: Hello everyone! I’m Jani Holland, your devoted Community Voice! 🌟 I’ve been fortunate enough to be an active member of this amazing community, contributing my knowledge, experience, and enthusiasm. As a firm advocate of teamwork and open communication, my objective is to cultivate a welcoming and inclusive environment for all our members. I’m thrilled to keep nurturing our flourishing community, and I’m truly grateful for the chance to be your Community Voice! Our team comprises a driven group of enthusiasts, visionaries, and diligent individuals who have come together to revolutionize the crypto world.

2.What’s your token name & share about your tokenomics structure.

Ans: Meet RichQuack ($QUACK), a hyper-deflationary cryptocurrency designed to reward its holders automatically while maintaining a self-generating liquidity system. All you need to do is hold QUACK in your wallet, and you’ll earn more with every transaction!

Here’s a simple breakdown of the RichQuack tokenomics:

1. Total Supply: 100 Quadrillion QUACK tokens make up the entire supply. This massive number is meant to create a sense of abundance and generate excitement around the project.
2. Distribution: The total supply is split evenly, with 50% seeded as liquidity to ensure a stable market, and the other 50% sent directly to the Black Hole. This unique approach helps create a deflationary effect by reducing the circulating supply over time, increasing the value of remaining tokens.
3. Transaction Fee: A 12% fee is applied to every QUACK transaction. This fee is then distributed as follows:
   a. 4% Holder Rewards: As an incentive for holding QUACK, holders receive 4% of every transaction fee. The more QUACK you hold, the more rewards you’ll earn automatically.
   
   b. 4% Auto Liquidity: To maintain a stable and healthy market, 4% of each transaction fee is automatically added to the liquidity pool. This ensures a smooth trading experience and helps protect against drastic price fluctuations.
   
   c. 2% Quack PUMP & Burn Wallet: To further support deflation, 2% of the transaction fee is sent to a special PUMP wallet. Over time, this process permanently removes tokens from circulation, potentially increasing the value of the remaining tokens.
   
   d. 2% Marketing & Dev Wallet: Finally, 2% of the transaction fee goes to a dedicated wallet that funds marketing efforts and supports the ongoing development of the project. This helps keep the community engaged and informed while allowing the project to grow and evolve.

3.What are the acheivement of your project so far?

Ans:

1. 140,000 on-chain Holders

2. 300,000+ Duck strong across our Socials

3. ATH Mcap Reach $700M with Record breaking US$ 135m+ daily trading volume.

4. Project almost 2 years old and actively attacking all fronts even during bear market with no signs of slowing down.

As RichQUACK, we’re proud of the utilities we’ve built so far, and I’d like to share them with you:

1. STAKING:

Our staking system offers fair Guaranteed Allocations (GA) for every holder, allowing them to invest in projects through a 9-level system based on their staked QUACK tokens. Additionally, holders can receive free tokens from our incubated and partner projects.

Stake $QUACK and earn up to 28% APR by visiting app.richquack.com/levels.

2. DAO VOTING:

We’ve implemented a voting system where projects must receive enough votes to progress to our launchpad. Voting remains open until the IDO’s start, with each holder requiring a minimum of 100B QUACK to vote. Only the staked QUACK amount will count toward voting.

3. LAUNCHPAD:

Our goal is to provide early investment opportunities in top blockchain startups. QUACK strives for a fair, decentralized, multi-chain launch ecosystem that helps bring next-gen projects to life. As a Launchpad & Incubator, we’re always on the lookout for the best upcoming projects. Applicants must pass QUACK’s strict quality standards and KYC to minimize risk for our users. We handle the hard work of vetting projects for you.

4. INCUBATOR:

At RichQUACK, we offer funding, support, and advice to next-gen crypto startups from seed to beyond. We’re here to build a relationship with you that lasts beyond your launch. Our aim is to support your vision and promote it through our best resources, giving you the exposure you deserve. Unlike others, we choose to work with you.

5. QUACK EX: NON-CUSTODIAL EXCHANGE:

Our non-custodial exchange, QUACK Ex, offers a secure trading platform for our users.

We’re excited about the progress we’ve made and look forward to sharing more updates with our community.

4.What is your project’s next step? What is the roadmap?

Ans:

We’re thrilled to announce that RichQUACK’s #Certik audit is 99% up! We’re conducting our final checks before waddling to mainnet for:

1️⃣ Staking Factory / Staking-as-a-Service: Helping other projects take flight 🚀
2️⃣ Self-Serve IDO platform: Launch your own IDO with ease 🌊

Both features will join the QUACK-tastic lineup at http://app.richquack.com after audit completion.

Moving forward, we aim to set up a grant program dedicated to financing inventive projects, startups, and research efforts within the RichQUACK ecosystem. This initiative will encourage growth and nurture fresh ideas. Why focus on our community? We believe in giving back to our devoted community members and supporting their endeavors. We’re eager to witness more community members take charge, lead, and achieve success in their ventures.

5.Why have you decided to join Huobi’s PrimeVote program?

Ans:

RichQUACK’s participation in the Huobi PrimeVote campaign is an exciting milestone, and we eagerly anticipate the growth and opportunities it will bring our project. RichQUACK aims to broaden our reach and connect with like-minded individuals worldwide, introducing even more people to our community, platform and meme power.

We hope that this summary has provided you with valuable takeaways and a better understanding of the topics discussed. Remember to keep an eye out for future AMAs and continue to expand your knowledge in this exciting and dynamic field.