The key to drastically increase the price of crypto coins is by gaining a strong following backed up with consistent activity and discussions within the community, and this is what RichQuack has successfully done.
As of October 25, 2022, according to Coinvote, RichQuack is now the top memecoin with the highest social engagement. The BNB Chain memecoin recorded more than 17 million social media engagements on Oct. 24, surpassing other popular memecoins such as FlokiInu and Baby DogeCoin.
This feat, plus the memecoin’s consistent burning of $QUACK tokens, helped a lot in improving the token’s value. This also means more and more users will explore and start investing in the asset as it sustains its buzz in the crypto space.
$QUACK Burn
In the past week, around 18.45 trillion $QUACK tokens (more or less $30,000 in value as of this writing) were removed from circulation (roughly 0.5% of the total supply).
The hyper-deflationary aspect of the memecoin has stoked enthusiasm among the RichQuack community and helped support the token’s value. Cumulatively, 53.7 quadrillion QUACK tokens have been burned out (53.657%) of the initial supply of 100 quadrillion — meaning more than half of $QUACK has been burned. This could translate to even more value for the tokens as supplies continue to deflate while demands are starting to increase.
About RichQuack
RichQuack is a community-driven project with a hyper-deflationary QUACK token that rewards long-term holders with a portion of the transaction tax and early access to IDOs. RichQuack was founded to provide the best returns for its investors and the community. The project’s utility includes a decentralized multi-chain launchpad, deflationary token staking, raffles, and lotteries for holders of the QUACK token.
