Rise
@risecoin-io
Today we will initiate a transfer of 92 million $RISE ($3500) to fund the Rise Rewards program. After 1 week, it will finalize on-chain, and the $RISE will move from the Ecosystem Slow Wallet (ESW) to the Ecosystem Fast Wallet (EFW). What does this mean? Keep reading 👇
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Rise
@risecoin-io
For the uninitiated, the $RISE supply was split between Inferno Auctions (info at http://risecoin.io), Ecosystem, and Initial Liquidity. The Ecosystem allocation will be used to fund Rise Rewards, such as Referrals, Content creation, and more!
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Rise
@risecoin-io
Rise Rewards will have a powerful flywheel effect, amplifying our community growth. Join the Rise Discord to learn how you can earn Rise Rewards: https://discord.gg/rbkTZCD58e
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Rise
@risecoin-io
Crypto is filled with rugpulls, so we knew people would worry about $RISE being dumped... That's where the Slow and Fast Wallets come in! The Slow Wallet (ESW) holds most of the Ecosystem supply, and has a 1 week delay on all txns. The ESW is *only* used to fund the Fast Wallet.
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Rise
@risecoin-io
The Fast Wallet (EFW) is used to fund the Rise Ecosystem. The EFW is necessary to distribute funding in a timely manner. We commit to never hold more than 3% of the total $RISE supply in the EFW, and to only use the Ecosystem funds for the benefit of the community.
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