Tom Sheen
RichQuack continues to be one of the most bought tokens in the whole crypto space with the meme coin continuing to pump amid huge social media momentum.
The hyper-deflationary token is up nearly 9% in 24hrs, 70% in seven days and more than 223% in the past 30 days at the time of writing.
QUACK has a voracious social media community that continues to help the coin’s price, while its extremely robust burn mechanism and rewards system has continued to attract speculative investors.
What is RichQauck?
RichQuack is a meme coin project that has enjoyed a huge surge in price in the last 90 days thanks to the continued efforts of its community and the project’s fundamentals.
Unlike Dogecoin (DOGE) which has little wider utility and was developed to be a peer-to-peer currency, RichQuack has several use cases.
As well as its attractiveness as a low-price meme token with potential for gains, RichQuack also has a launchpad and incubator that means other projects can build and launch on their platform.
Holders of QUACK are able to vote on which projects make the cut, invest into those projects and also earn rewards from them.
Furthermore, holders also benefit from lotteries, raffles, and prize draws, while the roadmap promises play-to-earn gaming and a metaverse in 2023.
However, its main attractiveness has come from its hyper-deflationary burn mechanism that rewards holders.
While DOGE has an ever-increasing supply and Shiba Inu holders can voluntarily burn tokens, QUACK tokens are burned with every transaction.
There is a 12% transaction tax that not only sends tokens to a burn wallet but benefits holders.
Each transaction sees 4% distributed back to holders as reflections, 4% sent to the liquidity pool, 2% go to pump and burn wallets, and a final 2% to the marketing and developer wallet.
In the past one week, 89,017,921,526,317 (~$217,916) $QUACK tokens have been burned. So far, 53,638,697,977,611,288 $QUACK tokens (53.639%) have been burned from the initial supply of 100,000,000,000,000,000. #QUACK #RichQUACK #QUACKArmy @RichQuack
— Burn Rich Quack (@BurnQuack) October 16, 2022
QUACK started with a gargantuan supply of 100,000,000,000,000,000 (100 quadrillion) but as the BurnQuack Twitter bot revealed on Sunday, more than 50% of the total supply has already been burned.
A total of 53.639% of the supply is gone with nearly 90 trillion tokens burned last week – approximately $215,000 – while the same account reveals the project has more than 130,000 holders.
RichQuack also has an anti-whale feature that means no one wallet can hold more than 1% of the total supply, while there is also a max sale of 1% to avoid coins being dumped.
Why is QUACK Pumping?
The recent pump appears to have been organic through the continued efforts of the community on social media.
Throughout September and October, RichQuack has been the most mentioned meme coin on sites such as Twitter and Reddit.
Most Mentioned #MEMES Tokens last 24h
@RichQuack
@BabyDogeCoin
@KibaInuWorld@Tamadogecoin@VitaInuCoin@thecakemnstr@MiloInu@FlokiMooni@LakeviewMeta@Dosa_Coin@VoltInuOfficial@PigeInu@RoraRealm@BscPitbull@PolyDoge#CryptoNews #richquack #BabyDoge #Tamadoge pic.twitter.com/Y3UyeqvjKf— Crypto Insights (@CryptoInsightsX) October 15, 2022
As CryptoInsights shows, QUACK is regularly the most mentioned meme token in the market – bar DOGE and SHIB – and has been for around eight weeks.
CoinMarketCap data also shows QUACK is the second-most visited page on their site in the last week and in the top 10 for the last month.
RichQuack Alternative – Tamadoge
One alternative to RichQuack that is also regularly among the most mentioned meme coins on social media is Tamadoge.
The project is not only a meme coin but also has play-to-earn gaming and NFT ownership as part of its ecosystem.
Last week the first part of its NFT collection was released on OpenSea and became the top trending collection after raising more than 250ETH on launch.
The 100 ultra-rare NFTs, which will form the center of the P2E Tamadoge game, currently have a floor price of 5.99ETH with only five available for less than 88ETH.
In total 21,100 NFTs will be released for owners to feed and grow in a game based on 90s craze Tamagotchi.
Holders will feed, play with, and care for their pets until they are adults, where they can then battle against other players for the chance to move up a global leaderboard and win prizes.
The project also revealed more details about an arcade-style mini game, Enter the Tamaverse, with screenshots met with great excitement as they evoked memories of side-scrolling platform favorites such as Sonic the Hedgehog and Mario.
All About #Tamadoge Rare NFTs!
➡️ No. of NFTs: 1000 Rare NFTs
➡️ Start time: 15:00 UTC
➡️ Sale format: Dutch Auction
➡️ Starting price: Ultra Rare floor price
➡️ Reserve price: 0.5 ETH
➡️ Auction length: 7 days
➡️ New NFT auction starts every 10 secondsDon't Miss Out! pic.twitter.com/NXD3jw5BtR
— TAMADOGE (@Tamadogecoin) October 17, 2022
The 100 ultra-rare pets, which will boast boosted stats, remain on sale while another 1,000 rare pets go on sale on October 17.
Details of when the 20,000 common pets will be released in the coming days.
Tanmadoge’s games will also strengthen the price of the TAMA token, as it will be used to fund purchases in the games for digital assets such as food, treats and toys.
Pet store tokens will have a 5% burn tax, making the token – which already has a small supply of just 2 billion tokens – deflationary.
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption
Related
- Tamadoge Ultra Rare NFTs Trend No.1 on OpenSea, Volume Hits 258 ETH – Next Up Are 1,000 Rares as FOMO Builds
- Bitcoin Price Prediction – This Indicator Should Mean a Price Pump is Coming
- Quant Price Prediction – Why QNT Can 5x in 2023 With Financial Services Adoption
- RichQuack Price Forecast – QUACK Slides 14%, Time to Buy Tamadoge Alternative
This article was written for Business 2 Community by Tom Sheen.
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