Ile Du Port, Mahe, Seychelles – (NewMediaWire) – April 25, 2023 – RenQ Finance, a decentralized finance (DeFi) platform that aims to connect all isolated blockchains and establish a cross-chain asset exchange network, has received an overwhelming response from its community and raised over $13 million in no time.
The successful ongoing fundraising has been attributed to the platform’s unique approach to liquidity, a wide range of financial products, and the backing of high-profile investors and industry experts. RenQ’s goal is to provide a one-stop solution for all types of traders under one platform in the DeFi world, offering the benefits of a centralized exchange and beyond.
RenQ Finance: A Unified Platform for the Decentralized World
RenQ Finance aims to provide a platform that offers DeFi services to every digital asset holder, making it safe, free, and transparent. It provides all necessary underlying support for the DeFi ecosystem and offers a wide range of financial products, including derivatives and margin trading. RenQ Finance aims to revolutionize how we think about decentralized finance and become a significant player in the DeFi space.
The platform’s unique approach to liquidity includes an aggregation protocol that obtains liquidity from a variety of exchanges and has the capacity to distribute a single trade transaction across multiple DEXs to obtain the most competitive prices. RenQ Finance also offers institutional, liquid, and slippage-free trading to the DeFi community through the use of an off-chain order book, which provides a speed advantage compared to that of conventional centralized perpetual exchanges.
Fundraising Success
The RenQ Finance community has played a vital role in the platform’s fundraising success. With a unique approach to liquidity, an extensive range of financial products, and support from well-known investors and industry experts, RenQ has managed to raise $13 million in a short period.
RenQ Finance’s presale has proven to be highly successful, with the first six stages being oversubscribed ahead of schedule. The current price of 1 RENQ in PRESALE 7 is 0.050 USDT, with the next stage price set at 0.055 USDT. The presale has already sold 83.97% of its tokens, with 382,412,551 out of 433,500,000 sold, raising a total of $13,143,091, out of a target of $15,652,500.
The most recent round, PRESALE 6, closed months ahead of schedule, giving early investors an impressive 155% gain. RenQ Finance’s presale success can be attributed to its unique approach to liquidity and its wide range of financial products, as well as the support of its high-profile investors and industry experts.
In addition, RenQ Finance has recently announced its first CEX listing on Hotbit. While the platform is still working towards being listed on a tier 1 exchange, this announcement marks an important milestone in its growth and reputation in the crypto industry.
This listing is a significant step forward for RenQ Finance as it demonstrates the platform’s commitment to expanding its liquidity and exposure beyond a single exchange. By diversifying its listing options, RenQ Finance can ensure that it remains accessible to a broader range of investors and traders, ultimately contributing to its long-term success.
Future Prospects
According to a recent article by Analytics Insight, RenQ Finance’s successful fundraising and community support bode well for its future prospects. The report notes that as the DeFi market continues to grow, RenQ Finance is poised to capture a significant share of this lucrative market.
The platform’s unique approach to liquidity and its wide range of financial products set it apart from other DeFi platforms, making it an attractive option for investors looking to diversify their DeFi portfolios. Additionally, RenQ Finance’s focus on user security, including the option for two-factor authentication, ensures that users’ assets remain safe and secure.
In conclusion, RenQ Finance’s fundraising success and community support showcase the platform’s potential for growth and success in the DeFi space. With a unique approach to liquidity, a wide range of financial products, and strong backing from high-profile investors and industry experts, RenQ Finance is well-positioned to become a significant player in the DeFi space.
Visit the links below for more information about RenQ Finance (RENQ):
Website: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
Media Details
Company Name: RenQ Limited
Business Mail: Support@renq.io
Website: https://renq.io/
City and Country: Mahe, Seychelles
