A New Project Arises on Starter’s Decentralised Launchpad, Introducing Rising Coin

Rising Coin, ‘a cryptocurrency engineered to create constant upward pressure on its price’, arrives on Starter BSC

There is a good reason our ticker is $START — because we never stop! If you have been following progress at Starter over the past few weeks then you know we’ve been mighty busy.

Our deployment on Polygon went smoothly, we announced the dawn of QuickStart — a huge partnership with the number 1 DEX & AMM on MATIC, QuickSwap — and successfully held a liquidity generation event for $START that generated over $1M in liquidity on START/QUICK & START/MATIC pairs.

One of the great things about building a fully decentralised launchpad is that new projects appear all the time, all it takes is a developer with the knowledge and a little $START to make it happen; and the latest token sale to arise on the Binance Smart Chain side of Starter is the aptly named, Rising Coin.

As a non-certified project, Rising Coin, like many that came before it, will be vying for your votes $START-ers. If you want to see it go to IDO then it needs to get 100,000 more YES votes than NO: https://starter.xyz/#/pool/126

Anyone with at least 50 START $START staked can vote, and 1 $START = 1 vote. Voting costs a small gas fee on Binance Smart Chain ~ $0.10.

What is Rising Coin?

The developers behind Rising Coin have created the token using an innovative approach to game theory, market making, and automated marketing, in an attempt to engineer a constant upward pressure on price — hence, Rising Coin.

Perturbed by the current state of the cryptocurrency market, CEO Aykut Yilmaz, and CTO Gokhan Coban, set to work to create a token that is designed to decorrelate from Bitcoin and traditional investment vehicles and, as a result, be unaffected by Bitcoin’s own game theory (based on halvings and bull and bear cycles spanning 4 years).

How does it work?

Put simply, Rising Coin will start with a supply of 0, there will only be a very limited amount of $RC on the open market from IDO.

Rising Coin introduces a decentralized way to control the supply; their smart contract Adjuster can be triggered by any community member to add new supply only when price exceeds production cost and makes an ATH. Community members that trigger the Adjuster and keep the coin in check are rewarded.

For example, if the demand for $RC is really high, then more $RC can be mined by anybody to ensure the price doesn’t rocket too high based on the intense market-buying. If on the other hand, the demand is low for $RC, then no new coins will be mined, constricting supply and causing upward pressure on price. Also, the difference between market price and production cost will create another upward pull on the market price.

If the game theory plays out as designed then this means there will be no booms in the token price, but also no busts — as a result, what you have is an asset that is designed to grow 1% daily — resulting in a 37x over the course of a year.

It must be said, the mathematics and theory behind the protocols and features that ensure Rising Coin continues to rise are far more complex than our oversimplified explanation, to get the full view we recommend reading their white paper, and this Q&A with the team.

Tokenomics

Assuming all coins are sold in the IDO this is how $RC would be distributed. Team and Partnership tokens will be minted and placed in their respective wallets after launch is completed and liquidity locked.

Partnership coins are targeted to be spent on partnership-based marketing activities. If they are not spent within a year, they will be brought to a community vote to decide whether to be burned or used in another way.

Launchpad Sale: 1,600,000 RC
Liquidity Pool: 960,000 RC (60% of above number)
Team tokens: 200,000 RC (Locked to be quarterly vested in one year)
Partnership Reserve: 200,000 RC
Launchpad Fees: 30,000 RC

Launch Proceeds

The proceeds will be distributed as follows:

60% Liquidity Pool
25% Marketing
15% Development and Project Expenses

IDO Details

Rising Coin has been audited by RD Auditors: https://www.rdauditors.com/wp-content/uploads/2021/05/Rising-Coin-Smart-Contract-Security-Audit-Report.pdf

Date: 17:00 GMT 11th July, 2021
Guaranteed Allocation: Yes, headstart 30 minutes. FCFS from 17:30 GMT.
Direct Link: https://starter.xyz/#/pool/126 (make sure you are on the Binance Smart Chain side of the DApp)

Softcap: 70 BNB
Hardcap: 800 BNB
IDO price: 0.0030000 BNB/Token
Listing price: 0.0037000 BNB/Token

Liquidity allocation: 60%
Liquidity locked: 365 days

If you want Rising Coin to get to IDO then vote YES on the pool page now (min 50 START needed to vote): https://starter.xyz/#/pool/126

Rising Coin

Website: https://risingcoin.org/
Pitch Deck: https://docs.google.com/presentation/d/1yCq5m7g1Iu2YKk56-Ak0LrVuP0bt0-8KRCXFEMkZo_c/present?pli=1&slide=id.gc760e1479e_0_1
White Paper: https://docs.risingcoin.org/whitepaper
Security Audit: https://risingcoin.org/RisingCoinSmartContractSecurityAuditReport.pdf
Medium: https://medium.com/risingcoin
Twitter: https://twitter.com/rising_coin
Telegram: https://t.me/risingcoin
Discord: https://discord.gg/BKhMUXF
Linkedin: https://www.linkedin.com/company/risingcoin
Github: https://github.com/risingcoin

Starter

✉️ Telegram: https://t.me/starterxyz
🐦 Twitter: https://twitter.com/starterxyz
🔊 Announcements: https://t.me/starter_announcements
🚀 START BSC Contract: https://bscscan.com/token/0x31d0a7ada4d4c131eb612db48861211f63e57610
🚀 START Polygon Contract: https://polygonscan.com/token/0x6ccf12b480a99c54b23647c995f4525d544a7e72

The #1 and most technologically advanced community token presale platform for Polygon and Binance Smart Chain $START https://starter.xyz