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Rice Token is officially HOT. What are its advantages? 

RiceFarm’s native token is becoming hotter and hotter. The company launched the initial coin offering in June. The current price is 0.5 USD per token, and RiceFarm aims to raise 5 000 000.00 USD during the ICO.

RiceFarm is the first automatic liquidity acquisition yield farm, as well as AMM decentralized exchange. It runs on Binance Smart Chain and offers its users lots of unique and creative features that let them earn and win. Hence its token’s popularity.

The company launched its utility token to offer its customers additional advantages. It has a well-developed roadmap. RiceFarm plans to distribute its token in the following way: 8.5% goes to the dev team, 5.7% goes to the marketing team, and 1.2% will be set aside for community engagement and incentives.

What about RiceFarm’s features?

Rice has capped supply, which amounts to 100M. It also boasts automatic burn and liquidity. For instance, each transfer of RICE token must pay a 14% transfer tax. After the transfer’s completion, the platform will burn 93% of the tax immediately to help reduce the supply. Furthermore, the team plans to add other burn mechanisms with the goal of reaching a 40% burn rate.

RiceFarm will add the remaining 0.98% of the tax to the liquidity pool through the contract automatically. It will also lock the liquidity, making it inaccessible.

There is also a Delayed harvest. This mechanism will prevent users from constantly harvesting and dumping. For example, if a farm has a delayed harvest of 3 hours, that means a customer can only claim their rewards once every three hours. In addition, RaceFarm will display the terms on each farm and pool card.

The team also plans to experiment with different lengths of time to help keep the RICE token price stable. They’ve decided to start with 6 hours as RicaFarm is a long-term project. However, the team will increase the delay as the project progresses.

The company has also implemented an on-chain referral program to incentivize customers to invite friends to join the farming. Inviters can earn 1% of their friends’ earnings forever.

 

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