RubberDuckies — a token, launched in Binance Smart Chain. The RubberDuckies ecosystem consists of its own $ RBS token and several contracts that bear the main responsibility for ensuring the use of tokens.
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Brief description of RubberDuckies
$ RBS is a token, compatible with the BEP-20. This means that it is a token, compatible with Binance Smart Chain or, more precisely, with any blockchain, compatible with EVM. The reason for the choice of Binance Smart Chain as a blockchain for the RubberDuckies ecosystem is associated with its low commission, simplicity of interaction, flexibility and support for one of the largest crypto-streaks in the world.
When a transfer to another wallet takes place, a tax of 4% is applied, where 1% of the cost of the transfer is burned, which reduces the supply. In the basic market principles of supply and demand, this helps to reduce the supply. With a potential increase in demand, this can lead to an increase in the price of $ RBS token.
Other opportunities
In addition to bets, users can buy optional contracts for other financial assets, such as BTCUSD. Simply put, users can invest a certain number of $ RBS tokens and bet on whether the BTCUSD price will be higher or lower the next day. Compared to other similar protocols, such as Pancakeswap predictions, after placing the rate it is blocked for 12 hours. After these 12 hours, users can fulfill their contracts.
The profit that the user receives from the contract depends on how much time has passed since the unlock. If the contract is not executed 12 hours from the moment it is unlocked, the contract is considered expired, and the total amount of investments, made by the user, is lost. 70% of all lost investments are sent to the previously mentioned betting pools for users, 10% are burned for deflating the $RBS token, and 20% are sent to the developers to maintain the monthly costs of the project.