Welcome to Rich Maker !
Rich MAKER works with a business model with a deflationary token structure. Rich token manufactured in limited quantity and structured for long-term sustainability. Total supply is programmed to be burned on every transaction. While the burning function continues, holders are constantly rewarded. Let’s get this a little understandable.
A total of 60k $RICH tokens were produced. Since the token has a deflationary structure, a 2% deduction (tax) is applied to each transaction. According to the amount of the transaction performed, 1% of each transaction is burned and reduced from the total number (there is no physical sending address such as 0x00). The other part of the deduction is 1% distributed among the token holders according to their percentage on the token. Each $RICH holder automatically receives rewards so there is no need to wait. The system itself is very important for long-term sustainability. The constant decline in the number of tokens (currently 57,885 $RICH tokens in circulation) and the constant rewarding of holder’s wallets with tax collected encourage $RICH token holders to become permanent holders.
60k $RICH tokens (Now 57k) were produced and based on BEP20.
2% deduction is applied for every transaction. 1% is burned forever and is reduced from the total supply. Burned tokens do not have a physical sending address.
Half (1%) of the applied deduction is automatically distributed to $RICH token holders by calculating their percentage. You do not need to claim, farm, and wait a certain amount of time to receive rewards. You just need to keep $RICH in your wallet to receive rewards.
You need to have a $RICH token in order to join RICOS. Fair limits will be set to keep participation as high as possible and increase the chances of small investors to participate
$RICH token has functionally effective deflationary features. The $RICH token, which is already produced in small numbers and is not mintable, is programmed to be burned. The business model is designed to create a long-term supply shock and increase the token value.
The launch platform is coming soon.
Total Supply: 57,889.85024 RICH
submitted by /u/alobalek