Retik Finance Launches Token, Raises $32M In Presale
PATNA (CoinChapter.com)— Retik Finance is a new project in the DeFi sector launching a native token called the ‘Retik Finance Coin,’ or RETIK. The company attracted attention through its recently completed presale event and token launch.
The presale campaign of Retik Finance (RETIK) indicated the investor interest in the project. Conducted in ten stages, the presale raised an impressive $32,050,000, exceeding initial expectations. This success reflects the market’s growing demand for innovative DeFi solutions.
Several factors contributed to the presale’s success. Retik Finance’s product offerings, such as DeFi Crypto Cards and an AI-powered peer-to-peer lending platform, likely attracted investor interest.
Launch on Uniswap and Multiple Exchanges
Following the successful presale, Retik Finance (RETIK) launched officially on Uniswap and multiple exchanges on May 21, 2024. Token launches are often a significant milestone for a crypto project and its community, marking the availability of RETIK tokens for trading.
The decision to list on Uniswap aligns with Retik Finance’s claims of promoting decentralization and accessibility. By choosing Uniswap, Retik Finance ensures global availability of its tokens, free from the constraints of centralized exchanges.
The project also plans to list on multiple exchanges to enhance liquidity and market accessibility for RETIK tokens.
The project’s team claims the project enhances the functionality of DeFi. For instance, the ‘DeFi Crypto Cards‘ aims to facilitate secure and efficient cryptocurrency transactions, bridging the gap between traditional finance and the digital asset space.
Other notable products include a Smart Crypto Payment Gateway, an AI-powered P2P lending platform, and a Multi-Chain Non-Custodial Highly Secured DeFi Wallet. These offerings address specific needs within the DeFi ecosystem, prioritizing security, efficiency, and usability.
Tokenomics of Retik Finance
The Retik Finance token is the native cryptocurrency of the project that facilitates transactions and investments within the platform, underpinned by blockchain technology to ensure security and transparency.
The tokenomics of RETIK are designed to promote sustainable growth and stability. With a capped supply of 1 billion tokens, the presale accounted for 40% or 400 million of the Retik Finance coin, with 24% of the supply reserved for the ecosystem development.
The project also employs a staking mechanism, encouraging users to hold and stake RETIK coins. The approach aims to incentivize long-term investment and help maintain liquidity within the ecosystem.
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