RenQ Finance is an emerging multichain decentralized finance (DeFi) platform that has recently caught the attention of the crypto community. This platform aims to make DeFi accessible to all, providing users with a variety of products and services that promise high returns with minimal risk. Recently, RenQ Finance achieved two notable milestones: raising over $3 million in its ongoing presale’s third stage, and successfully completing a CertiK audit.
Introducing RenQ Finance
RenQ Finance is a user-friendly decentralized finance (DeFi) platform built on the Ethereum blockchain, designed to be approachable and accessible to everyone. RenQ Finance aims to address common challenges users encounter with DeFi products, such as high transaction fees and a steep learning curve.
The native token, RENQ, lies at the heart of RenQ Finance’s ecosystem. This token is used for transaction fees on the platform and for participating in governance. With a total supply of 1 billion tokens, 500 million are available for sale during the presale.
RenQ Finance is committed to making DeFi accessible to all by removing technical barriers and high transaction fees. The platform aims to provide a smooth experience for users interested in investing in DeFi products and earning returns on their assets.
Presale success of RenQ Finance
RenQ Finance’s presale has been organized into multiple stages, consisting of eight stages in total. The first stage began on Feb. 7, 2023, with tokens priced at $0.02 each. In just a few weeks, the project raised over $1 million. The second stage followed in offering tokens at $0.025 each, successfully raising over $2.35 million.
The third stage is currently underway, with tokens priced at $0.03 each. Already, RenQ Finance has raised more than $3 million. The price of the RENQ token will rise to $0.055 in the last stage of the presale, and it is expected to launch on multiple centralized exchanges at a listing price of $0.07.
Recently, RenQ Finance underwent an extensive audit by CertiK, a top blockchain security firm. This audit examined various aspects of the platform, such as its smart contracts, tokenomics and security features. No critical or high-severity issues were found, demonstrating that the platform is secure and reliable for users.
The CertiK audit is a crucial milestone for RenQ Finance, instilling confidence in the platform’s security features and attracting more investors. As hacks and security breaches in the DeFi space increase, investors are becoming more cautious when investing in new projects. The CertiK audit offers investors peace of mind that their funds are secure and protected on the RenQ Finance platform.
RenQ Finance Ecosystem
RenQ Finance aims to be the go-to platform for crypto traders, offering a comprehensive suite of tools and features designed to help users navigate the complex world of cryptocurrencies. The platform offers trading, staking, yield farming and lending services, and a user-friendly interface that caters to both beginners and experienced traders.
RenQ Finance offers a holistic solution for cryptocurrency enthusiasts globally. Its primary goal is to establish a fully decentralized platform catering to traders seeking a DeFi solution to support their daily crypto activities. RenQ Finance aims to enable users to trade directly through its wallet app, thereby enhancing the decentralized trading experience.
Consistently working to develop diverse tools for crypto traders, RenQ Finance includes a cryptocurrency data aggregator, perpetual futures, a vault, a lending protocol, a DeFi and nonfungible token (NFT) launchpad, and several forums. The ultimate objective is to cultivate an engaged community that can significantly contribute to the growth and evolution of the entire RenQ ecosystem.
How to buy RenQ Finance (RENQ)
1. Make sure you have one of the supported wallets by Wallet Connect. For desktop users, the MetaMask browser plugin is a great solution. For mobile users, Trust Wallet is also a great option.
2. Click “Connect Wallet” and select the appropriate option. For mobile wallet apps, you will need to select “Wallet Connect.” You will then have two options:
- Buy RENQ with Ether (ETH): Ensure you have enough ETH in your MetaMask or Trust Wallet to complete the transaction. The recommended amount is at least $20 worth of ETH. Now you can swap ETH to RENQ. Click on “Buy With ETH,” enter the desired amount of ETH you want to swap for RENQ and click “Buy Now.” Your wallet provider will ask you to confirm the transaction and show you the gas cost.
- Buy RENQ with Tether (USDT): Ensure you have USDT for the amount of RENQ tokens you wish to purchase in your MetaMask or Trust Wallet. Swap USDT for RENQ. Click on “Buy With USDT,” enter the desired amount of USDT you want to swap for RENQ and click “Buy Now.” You will then be asked to approve the purchase twice. The first approval is for the USDT contract and the second is for the transaction amount. Please ensure you go through both approval steps to complete the transaction. Remember that ETH will still be required to approve and confirm the transaction as gas fees for the Ethereum network, so always have at least $20 worth of ETH in your wallet.
3. Check your purchased RENQ tokens on the Renq dashboard.
It’s worth mentioning that there will be no vesting period, so users will receive their tokens as soon as the presale ends.
CertiK Audit: https://renq.io/certik-audit/