RichQUACK, a hyper-deflationary token backed by a community of more than 209,000 on Twitter and 50,000 on Telegram, launches its staking pool, accessible to holders of its native $QUACK token through its decentralized application (dApp). The pool, which Techrate found to be safe for users in its audit, accrued more than $1 million in Total Value Locked in fewer than a week after its launch on March 19.
RichQUACK’s staking pool can earn users up to 28 percent in interest yearly, depending on the selected stake duration, which ranges between seven and 90 days. By locking their tokens into the pool, users remove them from active circulation and push the price of the token up, creating value for the entire community.
RichQUACK also has other initiatives in the works, such as its Earthling project. Earthling project will work as a decentralized platform where users will be able to buy carbon credits, offsetting their own carbon footprint. The platform will come equipped with a handy tool that will enable users to measure their own daily carbon emissions. The project’s aim is to promote sustainability in the blockchain community and beyond, granting users easy access to carbon credits backing various sustainability projects.
“We are thrilled to see the amount of excitement that the staking pool has generated in the community,” a QUACK spokesperson stated. “It’s great to see such user involvement and participation. There are more great projects coming up, and we are happy to be blazing forth with such great support from our users.”