RenQ Finance (RENQ), the groundbreaking decentralized finance (DeFi) platform, is gearing up for a highly anticipated launch following an outstanding presale campaign that raised an impressive $19.3 million. The platform is set to go live on May 22nd, 2023, at 5 p.m. UTC on the renowned Uniswap exchange, marking a significant milestone for RenQ and the wider cryptocurrency market.
What is RenQ Finance?
RenQ Finance (RENQ) is a DeFi-focused crypto platform built on the Ethereum blockchain. RenQ Finance (RENQ) aims to transform decentralized trading by providing crypto users with an all-in-one solution for all their crypto trading needs.
One of RenQ’s distinguishing features is its aggregation protocol, which enables the DEX to communicate with other DEXs and obtain liquidity, allowing it limitless liquidity. RenQ Finance (RENQ) can distribute a single trade transaction across multiple DEXs to obtain the most competitive prices. The platform is also highly scalable, allowing instant transactions.
RenQ Finance (RENQ) launched its presale campaign in February 2023, with plans to extend it until July 2023. However, following huge demand, the platform sold out all the allocated RENQ tokens by May.
The RenQ Finance (RENQ) presale campaign started at a dynamic price of $0.02 and increased throughout the presale after each stage’s hard cap was reached. The price peaked at $0.055 in the eighth and final stage. Over 25,000 people participated in the presale.
Besides a successful presale campaign, RenQ Finance (RENQ) also attracted a huge following to its Telegram channel and Twitter account. The social media accounts have more than 14.9 million subscribers and 16.2 million followers respectively.
RenQ Finance (RENQ) will go live on 22nd May 2023 at 5 pm UTC on Uniswap. After Uniswap, the token will be listed on Hotbit and Bitmart exchanges on dates to be announced by the team on the RenQ Telegram channel and Twitter account. The team will also announce more listings soon.
Uniswap is an Ethereum-based decentralized exchange platform for swapping ERC20 tokens. Uniswap allows users to swap tokens and trade without relying on a central authority. The platform is an automated liquidity protocol that does not adhere to the standard “order book” model. Instead, Uniswap uses an AMM model, whose advantage we’ll see later.
By launching on Uniswap, RenQ Finance (RENQ) will be able to take advantage of benefits like anonymity, security, trustlessness, and low fees.
Uniswap’s AMM model allows anonymity on the platform. You can perform peer-to-peer (P2P) transactions directly from your wallet. Uniswap has no KYC requirements. This means that you are not tied down by lengthy procedures registering for a trading account.
Uniswap is non-custodial and completely decentralized. The protocol does not hold any of your assets, and there are no intermediaries involved when trading. As a result, you get to keep all profits accrued from your trading activities involving RENQ. Furthermore, Uniswap charges only 0.3% for each trade, which is relatively low when compared to other protocols or centralized exchanges.
It is also worth noting that RenQ Finance (RENQ) is launching at a time when Uniswap is experiencing high volume. All these advantages will trickle down to RenQ Finance (RENQ), strengthening its position in the market.
RenQ Finance (RENQ) will also benefit from the general excitement surrounding its launch.
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Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Company Name: RenQ Finance
Contact Person: Nathan Hudson
Email: Send Email
City: Ile Du Port