What is RiceFarm (RICE) | What is RiceFarm token | What is RICE token
In this article, we’ll discuss information about the RiceFarm project and RICE token
RiceFarm is the first automatic liquidity acquisition yield farm and AMM decentralized exchange running on Binance Smart Chain with lots of unique and creative features that let you earn and win.
Main Features
Capped Supply
Rice has a capped supply of 100M.
Automatic Burn
It is important that farming tokens have a high burn rate to offset the tokens that are being farmed. This is why we chose to do allocate the majority to burns instead of having reflections because one earns rice through farming. Each transfer of RICE must pay a 14% transfer tax. 93% of the tax (13.02% of the 14%) will be burned immediately to help reduce the supply. The team plans to add other burn mechanisms on top of this with the goal of reaching a 40% burn rate.
Automatic Liquidity
As mentioned in the previous automatic burn section, each transfer of RICE must pay a 14% transfer tax of which the majority is burned. The remaining 0.98% of the tax gets added to the liquidity pool through the contract automatically. The liquidity will be locked and inaccessible.
Delayed Harvest
Delayed Harvest is a unique mechanism used to limit how often one can harvest their rewards. This is designed to prevent farming arbitrage bots from constantly harvesting and dumping.
Anti Whale
Transfers greater than 0.05% of the total supply will be rejected. We will reduce this ratio as the total supply grows.
Referral Program
An on-chain referral program has been implemented to incentivize users to invite friends to join the farming. Inviters can earn 1% of his/her friends’ earnings forever.
No Migrator Code
The migrator code was something that SushiSwap came up with when they did their vampire attack on Uniswap over a year ago. This code when used properly made a lot of sense but unfortunately was used by many other clones to rug their users. While we do want to take some TVL from Pancake to our AMM we’ve decided to remove the migrator code so the community feels most secure.
Timelock
Timelock will be added to the MasterChef contract before farming launch.
Timelock address: 0x9aa68E4818A79E024d5a3bFd32Bca116EcB240ED
Delay: 24 hours
Initial Launch Delay: 6 hours
Rice Farm Token
Basic Information
- Token Name: RiceToken
- Token Symbol: RICE
- Contract Address:
0xC4eEFF5aab678C3FF32362D80946A3f5De4a1861 - Chain: Binance Smart Chain (BEP20)
- Max Supply: 100M
Transfer Tax
- Burn Rate: 10.08% of transfer tax will be burned immediately
- Automatic Liquidity Rate: 3.92% of transfer tax will be added to the LP pool and locked.
- Total Transfer Tax Rate: 14% of every transfer
Emission Rate
- Emission rate will start at 2x for the first week before reducing to normal emissions.
- Emissions will be reduced by 10% every 2 weeks.
- 5 RICE / block
- 28657*5 = 143,285 RICE / day
- 8.5% to dev team
- 5.7% for marketing team
- 1.2% for community engagement/incentives
- Fair Launch Allocation: 10M (10%)
- Liquidity Allocation: 1M (1%)
- Marketing Allocation: 200k (0.02%)
Deflationary Mechanisms
1. Reducing Block Emission
Emissions will be reduced by 10% every 2 weeks and will continue for 2 years.
2. Transfer Tax
RICE has 14% transfer tax in each transfer. 10.08% is burned directly and the rest 3.92% is added to RICE-BNB liquidity pool and locked. This will continuously reduce the supply of RICE and reduce sell pressure greatly.
How and Where to Buy RICE token?
RICE token is now live on the Binance mainnet. The token address for RICE is 0xc4eeff5aab678c3ff32362d80946a3f5de4a1861. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap RICE token
Contract: 0xc4eeff5aab678c3ff32362d80946a3f5de4a1861
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in RICE token is currently Pancakeswap v2
Find more information RICE
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----https://geekcash.org-----**⭐ ⭐ ⭐
Thank for visiting and reading this article! Please don’t forget to leave a like, comment and share!
#blockchain #bitcoin #rice #ricefarm
