Rich Quack is another hyper-deflationary Binance Smart Chain (BSC) meme token that aims to pay out rewards to holders by “frictionless yield generation”. Holders do not need to stake or wait for fees to be delivered. Fees are awarded by the smart contract and are immediately reflected in the holder's balance.
Rich Quack is aimed at providing its holders with a chance to make money, by investing, building, holding and winning.
Rich Quack wants to achieve that by building a community of people with a common goal that is ready to work hard and contribute towards that goal. The project aims to become the future of a safe and secure investing and fundraising platform, where you can also win a jackpot raffle for holding, and play lotto that pays out every hour, day, week and month.
The protocol generates frictionless yield by applying a 12% fee for each transaction. 4% of each transaction is distributed to holders, and another 4% is provided to the QUACK/BNB liquidity pool. 2% goes to pump and burn wallets to create “an ever rising price floor”, and 2% goes to the marketing and developer wallet.
Rich Quack urges its followers and other users to “join the QUACK army” and “recruit more people” so that they could rise – or in their terms, to get rich quack together.
## Who Are the Founders of Rich Quack?
As is often the case with meme coins, the project founders chose to remain anonymous. This can be a risk, although other projects by anonymous founders have managed to become successful. At the end of the day, the community is more important than the founders, and the project’s success will depend on community growth and community effort.
## What Makes Rich Quack Unique?
Rich Quack seemingly follows a standard meme coin formula of applying a hefty 12% transaction fee to each transaction as an incentive for users to hold on to their tokens.
The unique feature of Rich Quack appears to be its launchpad, which they claim will be the future of safe and secure investment. Rich Quack mega jackpot raffle and lottery platform are scheduled for release in Q4 2021. This would give QUACK a distinguishing feature compared to other meme coins and could drive price appreciation in the future. Rich Quack also features an anti-whale feature that forbids whales from holding more than 1% of the total supply and selling more than 0.1% at a time.
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Read our in-depth article about Rich Quack
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## How Many Rich Quack (QUACK) Coins Are There in Circulation?
The total supply of QUACK is 100 quadrillion, that is a number with 17 zeros! Like many other meme coins, Rich Quack decided to launch with a ridiculously high supply to attract retail buyers hunting small-cap coins.
Rich Quack decided to abstain from a presale or team allocation to underscore how this is a community-driven project. The liquidity has been locked for 5 years to prevent users from getting rugged. 50% of that supply was immediately burned, with 50% being provided as liquidity. Rich Quack also pledges to allocate 50% profits from its future Quack Launch Platform as a reward for liquidity providers. 30% will be used as buy back and burn, with the remaining 20% to be pooled for the raffle.
## How Is the Rich Quack Network Secured?
Rich Quack is a BEP-20 token on the Binance Smart Chain. It has been independently audited by Techrate, a highly reputable auditor in the crypto space.
Rich Quack lives on the Binance Smart Chain (BSC), which is the go-to chain for meme coins, thanks to its low fees and fast transaction times. Rich Quack aims to attract enough retail investors that will propel it to new all-time highs.
BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so.
## When Will Rich Quack Trading Begin?
Rich Quack trading began on June 9, 2021. It reached an all-time high of $0.16536 per 1 billion QUACK on June 15.
## Can Rich Quack Hit $0.01?
Rich Quack started with a total supply of 100 quadrillions, although 50% of that has already been burned. Still, it is unlikely to hit $0.01 with that total supply. However, given the low starting price of Rich Quack, even a slight increase in price can already yield significant gains to its holders.
## Where Can You Buy Rich Quack (QUACK)?
QUACK is available on Pancakeswap (V2).
Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, QUACK or any other token in CoinMarketCap education portal — Alexandria.