Retik Finance has announced a successful presale of $1 million, setting the initial listing price of the token at $0.15 per unit. This is about 350% higher than the present price of the token. The funds raised will be used to further develop the platform and build new products that can be used to enhance user experience. The team also announced that the tokens purchased in the presale do not qualify to participate in the upcoming main sale, which will start later this month.
Retik Finance is a decentralized protocol that provides low-cost borrowing and lending services to users. Through the protocol, users can securely borrow and lend digital assets without the need for third-party intermediaries. The platform supports collateralized loans, where entities can use digital assets as collateral. Retik aims to increase liquidity in the credit market and allow users to access instant credit anytime, anywhere.
We are excited to see the success of Retik Finance and what it has to offer to the cryptocurrency community. This presale is a great sign that the platform is gaining traction and will be able to continue to grow and improve its core services. The team has been working diligently to create a protocol that will reduce lending costs and make it more accessible to everyone. We can’t wait to see the platform in action as it continues its path towards success.
