RISE

Auctions run every Sunday 7am UTC / 12am PDT for 24hrs.

First, the ownership keys are thrown away for the token contract and the LP tokens are locked. Rise is also doing fair launch, meaning theres are no allocations and everyone buys on the open market or through Inferno Auctions!

Inferno Auctions are weekly distribution events that allow people to bid ETH on fresh RISE tokens.
Read the full article here: https://medium.com/@risecoin_io/inferno-auctions-everything-you-need-to-know-dcc627894367

This is Chapter 1 of the rewards, keep an eye out for new articles as we progress through chapters.
Read the full article here: https://medium.com/@risecoin_io/rise-rewards-chapter-1-7e0220fad7d7

Unlike most auction designs, Inferno Auctions are engineered to support multiple winners.

Users enter their Max Bid (highest RISE price they're willing to pay), and their Deposit (how much ETH they're willing to spend).

The final RISE price starts at 80% of the auction supply value.

It is determined by the total value of all user deposits*, divided by the amount of RISE to be distributed in that auction, capped at 97% of the RISE price on Uniswap (i.e. a 3% discount) at the end of the auction. (* excluding users with a Max Price lower than the Final Price)

Example 1:

Uniswap Price = $1 per RISE

Total Deposits ($45,000) / Auction Supply (50,000 RISE) = Final Auction Price
($0.90 per RISE)

Example 2:

Uniswap Price = $1 per RISE

Total Deposits ($55,000) / Auction Supply (50,000 RISE) = Final Auction Price ($1.10 per RISE) (Market Price cap kicks in)

Read the full article here: https://medium.com/@risecoin_io/inferno-auctions-everything-you-need-to-know-dcc627894367

Every token has a community, but typically members are just passers-by, limiting the community's growth potential. Rise is the first project to harness the power of cultism to super-charge community growth by leveraging well-understood social dynamics and incentivizing the most engaged community members to share Rise with their friends, and to create/engage with Rise-related content online.

This amount was chosen because it signifies the age of the sun, Helia. Every burned RISE token brings Helia closer to her original youthful state, energizing her and all Risen devotees.

All proceeds from Inferno Auctions are used to buy-back RISE and burn it, which reduces the supply circulating on the open market.

Rise has no official roadmap (or team). The founding members may continue to support Rise at their own discretion, but Rise is first-and-foremost a community-led project, so the long-term roadmap will be up to all of you.

All RISE in the Ecosystem supply will be spent on rewarding active community members, bringing in new members, or otherwise benefitting the Rise community.

None of the RISE supply is allocated for the founding members or anyone else. Everyone who wants RISE must buy it with their own money, or earn it through active participation in the community.

The Ecosystem RISE is stored in a Slow Wallet and a Fast Wallet.

The Slow Wallet (used to fund the Fast Wallet) holds the vast majority of the Ecosystem supply, and has a 1 week delay for all transactions. All withdrawals are visible on-chain from the moment of initiation, giving RISE holders a 1 week headstart to sell their RISE before the withdrawal if they choose.

The Fast Wallet (used to fund the Rise Ecosystem), will only ever hold a small fraction of the Ecosystem supply. The Fast Wallet is necessary to reward community members in a timely manner.

We promise to only use the Ecosystem supply to benefit the Rise community, but we also understand that people appreciate additional layers of protection.

You can view The Slow Wallet and Fast Wallet here:

Slow Wallet: https://basescan.org/address/0x809f630800fd84779ca14e4df39fe503bf89402d

Fast Wallet: https://basescan.org/address/0x21aad56815C0E24AbA2CE9f7e829f40a7bfA601B

When we first launched, we found issues with some of our smart contracts so we had to redeploy. Anyone who bought got refunded in full. Now the LP token is locked for 360 years.

Yes, the LP tokens are locked here: https://basescan.org/tx/0x7f678b1c57c4387459679b9dbe52e229dfd0f31626c93ca43114a621251991fd

It is currently locked for 360 years until April 2, 2384 and extensions are possible.

The Auction contract and the Slow wallet Contract holds large amount of RISE. The Auction contract can only transfer RISE to the winners of each auction, and any withdrawals on the slow wallet will be announced ahead of time.

Rise Token: https://basescan.org/address/0x9b9f5604Eb8Ab3A1160029B6F05553E994398218

Rise Auction: https://basescan.org/address/0x473babEE4A056E09ABFcE9d27CA4A1b1edB2b654

Rise Slow Wallet: https://basescan.org/address/0x809f630800fd84779ca14e4df39fe503bf89402d

Rise Fast Wallet (Gnosis Safe): https://basescan.org/address/0x21aad56815C0E24AbA2CE9f7e829f40a7bfA601B

Rise LP Locker: https://basescan.org/address/0x58E999F5933D5C78988B45dd3a8b4FE02824e58f

Rise Oracle: https://basescan.org/address/0xB1316bC9e123D24A174600Da04D29Bbe17331BC1

Rise Burner: https://basescan.org/address/0x38994C616DA41B0aE7183ed0DbD370dC85c5565A

Rise Converter: Coming Soon