Rexas Finance (RXS) sells out presale Stage 1 in less than 4 Days, investors excited about innovative RWA solutions The platform aims to simplify and secure the management of these assets using blockchain technology, offering features like fractional ownership, greater liquidity, and regulatory compliance
Rexas Finance (RXS), which appears to be one of the most promising decentralised platforms of 2024, sold out its first presale stage in less than three days. This rapid sell out is simply a reflection of the interest in its revolutionary model of tokenising Real-World Assets (RWA).#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Tokenisation of real-world assets is an innovative idea that has been developed over the last few years. It enables the conversion of physical or tangible assets, be it real estate, commodities, or even art, into digital tokens on the blockchain. Such tokens give ownership and are therefore tradable, vexed, sliced, and rectified over decentralised exchanges (DEXs). But the industry is still young and in the developing stages, and several issues affect their wide-scale adoption. This is where Rexas Finance comes in. Rexas Finance aims to be the first to solve all the difficulties involved in RWA tokenisation processes. The project intends to simplify, secure, and increase transparency, allowing conventional finance and blockchain technology to function within the same ecosystem without hitches.
Rexas Finance: Solutions for the challenges of RWA
The Rexas Finance blockchain-based platform for real-world assets has smart contracts and artificial intelligence (AI), making the management of these assets much easier and safer. Specifics include:
Fractional ownership:
One of the key features of the Rexas platform is the ability to fractionate real-world objects, i.e. high-value assets, enabling investors to buy only a small percentage. This helps the everyday investor access markets like real estate or commodities, which would otherwise be impossible.Greater liquidity:
Rexas Finance uses the decentralised exchange and connects to the largest liquidity pools to make it possible to buy and sell tokenised assets. This sets it apart from the competitive market of RWA tokenisation.Regulatory compliance:
Rexas Finance is KYC compliant, with the platform being built to include features that allow for compliance action to be undertaken by the users themselves. In other words, KYC procedures as well as legal smart contracts are built into it to ensure that they are in line with the user's legal requirements.Security and transparency:
Rexas Finance ensures the security and interoperability of its tokens by adopting the ERC-20 token standard, which is embedded in the second most popular blockchain, Ethereum. There is also an infallible ‘checkpointing’ feature in the Cardano system, which is extremely useful for all investors since it makes it impossible to deploy any smart contracts insecurely.
Spotlight WireTokenomics: Structured for long-term growthThe Rexas Finance token (RXS) is based on ERC-20 and ERC-721 standards, and is expected to work with Ethereum as well as other platforms. There are currently one billion RXS tokens in circulation, allowing for the project’s long-term growth and sustainability . Here's a breakdown of how the tokens will be distributed:
Presale allocation: 425 million tokens (42.5%) are earmarked for the presale phase. During the first stage of the presale, 15,000,000 language tokens were sold out within three days, underlining the demand for RXS tokens.Staking pool: 225 million tokens (22.5%) are attributed for staking. Users who have a staking pool have access to a locker for 340 days, which ensures security and liquidity for the network.Liquidity: Out of the total number of tokens, 150 million (15%) are reserved for the prevention of volatility of trading on exchanges.Treasury: 100 million (10%) will be dedicated to the project’s treasury, which helps Rexas Finance ensure ecosystem health and fund new initiatives for the future.Marketing: Out of the total number of tokens, 3% or 30 million tokens are put into marketing activities to propel growth and attract more users.Team: 30 million (3%) are dedicated to compensating the core team.Giveaways and partners: Out of the total number of tokens, 40 million (4%) are reserved for various givebacks,platform partnerships, appreciation of early supporters, and collaborations with other projects.The road ahead: A strong start for Rexas Finance
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The RXS presale was completely sold out in a matter of minutes, which speaks volumes about optimism regarding the platform. Apart from the sale of up to 425 million RXS coins in multiple stages, the presale is aimed at growing the ecosystem for the long-term. Investors are keen to see how RXS will facilitate the tokenisation of practical assets, and how the platform will weather upheavals in the crypto industry.
For more information about Rexas Finance (RXS), visit the links below:
Website:https://rexas.com
Whitepaper:https://rexas.com/rexas-whitepaper.pdf
Twitter/X:https://x.com/rexasfinance
Telegram:https://t.me/rexasfinance
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This story originally appeared on: India Times - Author:Faqs of Insurances
