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.

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.