The presale stage 4 of the DeFi platform RenQ Finance gest filled before the end of the presale. Currently, the presale has raised more than 7 million US dollars from its investors.
The presale of the RenQ token has caused demand for it. It was available to be purchased on the official website of RenQ
A question that everyone has is ‘What is RenQ’? It is a community-driven organization that operates as a decentralized cryptocurrency platform.
An anonymous user had brought Dogecoin worth 22 million US dollars minutes before Elon Musk changed the official logo of Twitter to DOGE. Now it is trending that the same user, a man who has not revealed his identity has also brought RenQ Finance. The guy has a Twitter account by the name Tree of Alpha.
RenQ Finance Presale Stages
The RenQ presale takes place in multiple stages. Currently, it is in the fourth stage.
Stage 01 was the Beta Fire-Sale. The price per token was 0.02 US dollars, and a total of 34,500,000 tokens were sold. The amount raised was 690,000 US dollars.
Stage 02 was named The Beginnings. The price of one token at this stage was 0.025 US dollars and the number of tokens sold was 66,500,000. A total of 1,662,500 US dollars was raised.
Stage 03 was the Solid Growth. At this stage, the price per token was 0.03 US dollars and a total of 1,995,000 US dollars was raised. The number of tokens sold was 66,500,000.
Right now at the top of the news is Stage 04 or the Conquer The Internet stage. The price of one single token is 0.035 US dollars and so far 66,500,000 tokens have been sold. The presale stage 04 was able to raise 2,327,500 US dollars.
There are four more stages. The presale was designed to take place in a total of 8 stages.
Stage 05 is the RenQ Everwhere stage. The price per token is 0.04 US dollars and the number of tokens sold is 66,500,000. A total of 2,660,000 US dollars have been raised.
Stage 06 is the Reaching The Stars. The price per token is decided to be 0.045 US dollars with a total token sale of 66,500,000. The stage has raised 2,992,500 US dollars.
Stage 07 is the FOMO Kicks In. Each token was sold for 0.05 US dollars. The total number of tokens sold is 66,500,000. A total of 3,325,000 was raised.
Stage 08, the last stage is The Last Chance stage. The price per token is 0.055 US dollars and the total number of tokens sold is 66,500,000. The amount raised is 3,657,500 US dollars.
RenQ Token / $RENQ token
The governance token by RenQ Finance is known as RenQ Token. The token is needed to carry out all activities in the RenQ environment. The token was available to be bought from the official website of RenQ
How To Buy RenQ Token?
It is not difficult to buy RenQ tokens. One just has to follow the prescribed steps one by one
Step 1 – Connect the Metamask Wallet with the RenQ DeFi
Step 2 – Enter the amount that you wanted to purchase
Step 3 – Click on the ‘Buy Now button
Step 4 – The buyer has to confirm the transactions asked by the wallet provider. There will be two transactions that require confirmation from the buyer.
Step 4.1 – First confirmation is the gas fee confirmation
Step 4.2 – Second confirmation is the Token Purchase confirmation
Step 5 – Wait for the ‘Purchase Successful’ message.
This message mentioned in step 5 means that the purchase of the RenQ Token presale was successful. In order to receive these RenQ tokens one has to wait until the finalization of the presale. The tokens can be claimed on the same wallet that was used to buy the RenQ token during the presale. It is to be noted that there is no vesting for the RenQ tokens. That means the users will have access to the purchased tokens after the presale gets finalized.
An Analysis Of RenQ Tokenomics
The total number of tokens is 1,000,000,000 ( 9 zeros after one), which is 1 billion.
Out of this, the tokens were sold by classifying that into 7 different categories.
50 percent of the tokens were bought by the public. That is 500,000,000 tokens or half a billion tokens.
The rest 50 percent was classified into 6 categories. 4 of the categories has 10 percent each and two f it had 5 percent each.
The categories that have 10 percent token sales are
RenQ Pool, RenQ Vault, RenQ Farms, and Exchange Listings.
The categories that got a 5 percent token sale go to Liquidity and to the team behind RenQ.
ALSO READ: Lerner And Rowe Net Worth In 2023
