A rival to DOGE and SHIBA? A new coin enters the top 5 most watched

The RichQUACK.com token entered the top 5 most viewed coins on CoinMarketCap for the past seven days. Its creators promise that users will be able to receive rewards just by holding it in their wallets. Let’s talk about how RichQUACK.com works and why it is (or isn’t) worth your attention.

What is RichQUACK.com? 

RichQUACK is an exchange based on ChangeNOW. In 2021, the creators of the platform launched their own community-driven token. According to the creator of the project, RichQUACK is Hyper Deflationary, a self-generating automatic liquidity that pays out static rewards to holders. That is, you just keep the funds in your wallet and make money from each transaction. 

By design, the community works for the common good and distributes QUACK to create a supportive, motivating community of holders who are ready to: 

• work hard;
• hustle;
• contribute;
• risk everything for the common goal of putting QUACK on the Moon.

Sounds ambitious but not very new. What project doesn’t want that? It’s also a little disconcerting that so far, the creators haven’t positioned their token as an investment, comparing QUACK to DOGE, which, remember, is a meme coin. 

“Before we [built] all the utilities, QUACK was originally created as a meme just like DOGE. RichQUACK [makes] no promise and is not responsible for any losses or errors. Use at your own risk,” say the creators. 

However, staking for Levels gives every holder fair Guaranteed Allocation to invest in projects. Users can also get free tokens in the QUACK incubator and partner projects. 

The creators explain that in order to move to the launch panel, the project must gain enough votes. Voting will be open until the start of IDO. It’s also worth noting that each coin holder needs 100B QUACK to vote, and the voting will only reflect the investor’s QUACK amount bid. 

How to purchase the coin is explained in the guide below.

You Can Now Purchase $QUACK and other #Crypto in 4 easy steps here
👇👇https://t.co/tu4NRhXKEj

— RichQuack (@RichQuack) December 15, 2022

But is the coin worth buying, and is QUACK a good investment? Let’s discuss this further. 

QUACK current price and development plans 

At the time of writing, QUACK is #309 in market capitalization and trades at $0.00000000122 per coin. This is much less than other meme tokens. By comparison, at the same time, DOGE can be bought for $0.07663 and Shiba Inu for $0.000008373. QUACK’s performance so far hasn’t been great globally either, as the coin’s historical price high was in November 2021. But even then, the token was only worth $0.000000011.

Obviously, the value of the asset can grow, but for this, the product team will have to somehow entice the audience. The creators periodically report on their work, and, judging by the roadmap, the second phase of implementation has already begun. 

Here is what the team plans to implement in the near future (some of the processes have already started): 

Phase 2 

• Incubate and launch 2nd incubated project.
• Finalize metaverse narrative, plot, and storylines.
• Partnership with more world builders.
• Open self-serve launchpad for the public.
• Building engaging mini-games and tournaments.
• Open Beta Testing for $QUACK holders.
• Get traction and populate QUACK metaverse.
• 24/7 launchpad customer support.
• Build more world assets and games.

Phase 3 

• Multi-chain launchpad.
• Release NFT collection.
• QUACK metaverse launchpad party.
• Launchpad project feedback rating system.
• Buy QUACK with fiat integration.
• Incorporate and legal opinion.
• Ties 1 CEX listing.
• Cross-chain bridge.

Working in the metaverse, adopting NFT, buying QUACK with fiat, and more — if everything goes according to the plan, there is a chance that the asset will grow in value. However, don’t get your hopes up, as the creators themselves promise nothing and are not responsible for any losses or mistakes. 

“Use at your own risk,” they say. 

How can I make money on this?

As we reported above, the growth of the coin will depend heavily on the realization of the goals. Plus, QUACK will have to prove why it is better than other meme coins (we asked the creators about this by sending them an official request). 

Crypto project researcher, The Gem Hunters analyzed the market and determined that QUACK already ranks first by social score, ahead of DOGE and Shiba Inu. This shows that the community is up to the task of promoting the coin so far. 

TOP 10 MEME TOKENS BY SOCIAL SCORE
19.12.2022

1️⃣ $QUACK
2️⃣ $DOGE
3️⃣ $SHIB
4️⃣ $FLOKI
5️⃣ #BABYDOGE
6️⃣ $FLOKIM
7️⃣ $VINU
8️⃣ $RABBIT
9️⃣ $DWAGON
🔟 #PYROMATIC pic.twitter.com/TcnYvumiOD

— The Gem Hunters.™ 💎 (@TheGemHunters) December 19, 2022

In addition, according to BSCDaily, the token ranked second as the most traded highlight project that hasn’t been listed on Binance.  

Most Traded Highlight Projects That Haven’t Been Listed on #Binance

$DOME @Everdome_io
$QUACK @richquack
$RACA @RACA_3$SFUND @seedifyfund$STRM @streamcoin_strm$AZY @amazyio$CEEK @ceek
$BABYDOGE @babydogecoin$VEMP @vEmpireDDAO$FLOKI @realflokiinu#BNB #BSC pic.twitter.com/4EUAIi05GR

— BSCDaily (@bsc_daily) December 20, 2022

On December 20, QUACK became the most optimistic BNBChain project of the day. The same day, it entered the top 5 most viewed coins on CoinMarketCap.

So far, for the most part, the token has no chance against the same DOGE and Shiba Inu, but given the volatility of the market and the possibilities of the Web3 world, everything can change overnight. We will continue to follow the progress of the project.

By the way, we also advise you to pay attention to the upcoming airdrop from the project, where they plan to give away 888,888,888,888 (~$1100) in total. Getting QUACK for free and losing is still better than investing in it and then losing money. 

Join 888Billion $QUACK ~ $1100 Giveaway by @BitKanOfficial ! #RichQUACK #Crypto #cryptocurrency #CryptoNews

When opportunity presents itself, don’t be afraid to go after it. GO GO GO https://t.co/XfD9NA2XsA

— RichQuack (@RichQuack) December 22, 2022

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