RICE PROTOCOL — The Next Generation Defi and NFT Platform

Introduction

In earlier days, we had not so profitable Defi and NFT platforms in the crypto market. Now, thanks to the vision of many teams, multi functional and profitable defi and nft platforms have been emerging that have a combination of multiple directions.

Today, with this writeup, I suggest you to learn about the new promising Defi and NFT platform called Rice Protocol, that has many features to surprise you, so that everyone can take advantage of the best functionalities for holding assets.

What is Rice Protocol?

Simply put, Rice Protocol is a Defi and NFT platform. It consists of Decentralized exchange, Mobile and web wallets , Token Launchpad and NFT Platform. Also Rice Protocol based on Bitgert Network(Brise chain). First audit done by the Bitgert Team. It was created to support economic growth for crypto lovers.

Key Features of the Brise Chain:

1. Higher transaction rate(+100k TPS)
2. Zero gas fee for all the transactions.
3. Secure and Scalable
4. Fully decentralized blockchain

Tokenomics:

$RICE is the native token of Rice Protocol ecosystem.

Token Name : Rice Protocol($RICE)

Network : Bitgert Network(Brise Chain) (BRC-20)

Contract Address : 0x1eb697Cb6F457F6a65C682F7f7c65F9f2E622A34

Decimal : 18

Total Supply : 5 Millions

Allocation:

$RICE Token Utility :

1. You can use $RICE tokens to buy NFT in NFT marketplace.
2. It is a reward token for NFT staking.
3. It is the native token on Riceswap decentralized exchange
4. To participate in launchpad projects

$Rice is the native token in rice protocol ecosystem, which can be used across all the rice products. In addition to this, there is another token called $xRice. The $xRice is the community token and it will be used for the same utility soon.

$xRice Total Supply : 10 Millions

$xRice Contract Address : 0x722f5f012D29Cc4d6464B6a46343fBA3881eaa56

Rice Products:

1. Decentralized Exchange : RiceSwap

When you use a centralized exchange, you trade your crypto assets in a custodial manner. That means you don’t have the private key to access your funds. So your funds are technically handled by the exchange. When it comes to decentralized exchanges, you can trade your crypto assets in a non-custodial manner, which means you have private key to access your funds. Hence, your funds are owned by you. In this case, instead of trading assets through a central server, trading occurs through a blockchain network.

In this case, our DEX is RiceSwap. Which has multiple features including swapping , farming , staking , launchpad and also governance(vote).

Also you can get daily , weekly and monthly rewards by farming and staking. The main thing to remember is that RiceSwap platform does not have any platform fee.

2. NFT Platform : Rice Store

Rice protocol have their own NFT Platform called Rice Store. The Rice Store is the NFT marketplace on Bitgert Chain Network. It has a gift and image maker, which can be used to create own images for NFTs. You can see NFT builder feature on the marketplace. So you don’t need any third party application to create their NFT.

Also you can use 03 tokens($RICE , $BRICE and $USDT) to purchase the NFT items.

3. Mobile and Web Wallet

This will launch on November 2022.

4. Token Launchpad

Launchpad was used to raise funds to decentralized crypto projects at early stage. So, it gives investors an opportunity to take part in early token sales at a lower price before the projects hit the market.

In this case, you can launch new projects and promote it within the Rice Protocol ecosystem. This will be released on November 2022.

5. Rice App

You can manage the all the defi and nft platforms via the Rice App. The app we are target to build and release is Decentralized Exchange, Web and, Mobile wallet, Crypto Launchpad, NFT Platform, Mobile APP for NFT platform. This will launch on future.

Project Pre-sales:

What is Pre Sale?

Pre Sale is a practice performed by crypto projects, a bit ahead of their Initial Coin Offerings. Here, tokens are sold to investors at a certain price. Rice Protocol plans to distribute the tokens via token sales events, so that anyone can easily purchase the $RICE tokens.

Rice Protocol Public and Private Token Sales are ended on 10th August 2022.

Token Sale : 2 Millions $RICE

Tier1 For private sale :

Presale Rate(tier1) = 0.000041666 $RICE per $BRISE

Tier2 for Public sale :

Presale Rate(tier2) = 0.000033333 $RICE per $BRISE

Roadmap:

What new updates are coming to Rice Protocol platform?

Latest Token Updates:

1. $RICE Presales have ended.
2. $XRICE is now listed on Coingecko and staking is available on BSwap.
3. IDO, IEO will be launched soon.

General questions

Q1. How to buy the $Rice and $xRice?

You can buy $Rice and $xRice via Sphynx defi app.

Q2. How RiceSwap is different from other products?

I did some benchmarking with other products. When you compare with same blockchain network(Brise Chain) products, it has zero competition from other projects (RiceSwap vs BitgertSwap).

If you compare different blockchain network products, RiseSwap’s main competitor could be PancakeSwap.

Summary

As you can see, the Rice Protocol platform is so much more than just a regular platform and it already has a number of excellent and working features for using assets and makin money on them. In simple words Rice Protocol is platform for everyone and right now you can start using its features and earn additional income. The main thing is everyone can earn some passive income by staking.

Finally, this project have great value in the long run. At the moment, it has some competition from other projects.

To enjoy all exiting features that Rice Protocol provides, you need to visit the official website and there you will get more information about the features of the platform, its functions and $RICE token, and also start using all the available functionality right now.