RenQ Finance, a platform with a focus on giving users access to DeFi’s innovative and advanced products, has launched the sixth stage of presales. The creators have already raised nearly $10B, selling out more than 75% of all tokens. According to experts, the asset has every chance of soaring 50 to 100 times. We’ll tell you what this project is and why there is such a buzz about it.
RenQ is a community-driven organization. According to its official website, its goal is to provide users with universal solutions for all types of traders on one DeFi-platform.
“We aim to empower our users with a comprehensive solution by providing them a platform that has benefits of a centralized exchange (CEX) and beyond,” says the statement.
The reason for developing such a platform is that users now have to use CEXs because it is easier. It is assumed that with RenQ, consumers will be able to enjoy the benefits of centralized exchanges while using decentralized solutions.
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The three pillars of the project are:
Here is what is included in the ecosystem of the project:
As for the native token of the system, RENQ, it is expected that it will first be deployed on the Ethereum blockchain (ERC20), and then it will be connected to all the chains.
The team behind the project consists of blockchain specialists, technologists, entrepreneurs, and engineers with a wide range of skills. Here are the main faces of the team:
Binance Feed called RenQ a new competitor to Shiba Inu, explaining that:
“While Shiba Inu has been a popular token in the cryptocurrency industry, RenQ Finance has emerged as a possible contender. RenQ Finance’s modular and adaptable platform, as well as its strong technical base, may make it an appealing alternative for consumers looking for more than simply a fun token,” say the experts.
In addition, it became known that the man who invested $50M in SHIB the day before the listing on Binance switched his attention to RenQ Finance. Which may also not be in favor of SHIB and say that the project has outlived itself.
Many investors think the project will continue to grow. Right now, after the fifth round of presales, the token is selling at $0.045. Next time, the price will go up to $0.05.
It also gives confidence that RenQ has been audited for security by CertiK, which is considered one of the best in the blockchain industry.
To buy RENQ now, you just need to go to the official site of the project and participate in the presale. To do so, you will have to take the following steps:
In addition, there are rumors that the token could grow to $25 this year, but as with all new projects and basically investments, you have to be extremely cautious. So far, the project only has a team, a growing community, and an innovative vision. That’s a good thing, but given the ever-changing market, RenQ’s plans could be disrupted.
Experts, on the other hand, say the rapid growth in pre-sales could indicate a 50- to 100- fold increase in profits. But before you decide to buy a particular product, do your own research.
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