SkyRise: Bringing an exciting new DeFi Ecosystem to the Binance Smart Chain
What is SkyRise ($SKYRISE)?
SkyRise is a Hyper Deflationary Buy Back Token. SkyRise token holders are not only benefited through static rewards but also by the Buy-Back process of the contract and through true automatic burns every trade from within the liquidity pool. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens.
What are these Buybacks and how do they work?
If a particular stock has low value, but has the potential to perform better in the future, often companies will announce a buyback of the stock in the open market. Once companies announce the buyback, investors gain more confidence to purchase, and hold the stock as well. Additionally, the demand increases as the company starts buying the stock, which ultimately will drive the stock to raise.
SkyRise chose to use this new tokenomics approach to create a viral token. From where they can launch their platform and tokenization of SkyRise which will be known in the entire Crypto-community.
SkyRise gathers 6% of each transaction which will be maintained under contract. When someone sells their $SkyRise tokens, the contract uses the buyback BNB to automatically buy $SkyRise back from the LP. After this transaction the acquired $SkyRise tokens will be burned.
PRESALE SOON — GET IN EARLY!!
● This token will launch on the Binance Smart Chain on Friday, July 9th 2021
What is DeFi?
DeFi, or decentralized finance, is a new way to execute financial transactions through applications. It cuts out traditional financial institutions and intermediaries and is conducted over the blockchain. The SkyRise Team are utilising cutting edge technology to achieve their goals.
Is this a SAFE project?
● Liquidity LOCKED for 1 year on PancakeSwap
● Dev team is doxxing before launch
● Dev & CEO is very active on Telegram
● Techrate Audit In-Progress
● Clear and transparent team
● This is a safe and a great long term investment
What makes $SKYRISE stand out among the crowd?
There are multiple reasons in my opinion!
● This is a multiple use-case token stretching across numerous DeFi applications that flex the token’s capabilities
● SkyRise BroweserDApp to interface with any decentralized application
● Skyown DApp — this allows developers to temporarily renounce ownership of their contract by handing it over to the community
● SkyLock DApp — this will be used to run pre-sales and lock liquidity pools
● Decentralized exchange (DEX)
● The whitepaper is very impressive and extremely detailed.
● Real world use case project
● Amazing Tokenomics
● Generous reflection rewards for loyal holders
● Buybacks — 6% of each transaction
● One of the best communities I’ve seen so far at such early stage
● This is a HIDDEN GEM of a project and one I was VERY happy to come across
● Ths list goes on…
What can we expect to see from SkyRise in the future?
● Website and Social Medias
● Community Growth
● Initial Marketing Push
● Poocoin Ads
● Marketing Campaign.
● Techrate FULL Contract Audit
● Blockfolio, CoinMarketCap & CoinGecko Listing Application
● Listing on multiple exchanges
● Partnerships with Other projects
● DEX Conceptualization
● Marketing campaign debut
● DEX Planning
● Exchange Listing
● Listing on more exchanges
● Further Development
● Initial Marketing Push for DEX
● Partnership with Existing and New Tokens
● Planning of Additional Features for DEX
● Roadmap Update
● Total supply: 100 Billion
● 11% Transaction fee
● 3% Reflection Rewards loyal holders
● 2% Marketing
● 6% Buyback to counteract dumps
The whitepaper is very impressive and extremely detailed.