The Crypto market has witnessed the birth of a new DeFi sensation, RenQ Finance. The project comes in to fill in roles previously left blank by other DeFi platforms.
RenQ Finance comes in as a unified platform to a decentralized world and because of its solutional development, it has begun drawing high praise from the top analysts, further receiving high attention from the media.
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Experts in the industry have begun to make a case for RenQ Finance because they believe that it will change the course of Decentralized Finance. According to top experts, RenQ Finance will match and possibly outdo the market capitalization that DeFi projects like Avalanche and Chainlink have seen.
Market capitalization talks about the total inflow of invested funds into a project and RenQ Finance is showing greater tendencies of becoming a high market cap asset; Whales and institutional investors are gearing up to purchase large quantities of RENQ tokens since they believe in the future of the RenQ platform as they see it is a solution provider and a better system than Avalanche or Chainlink.
As more funds are injected into RenQ Finance, the value and yield of the token keep appreciating and in the long term, the value of the RENQ token will reflect the great utility cases of RenQ Finance.
With the growth and adoption of RenQ Finance, Avalanche and Chainlink on the other hand will see lowering investors and old investors will start pulling out their funds to invest in the better system provided by RenQ Finance.
RenQ Finance (RENQ) – A DeFi Platform for all investors.
RenQ Finance is a one-stop solution for all trading requirements in the DeFi market; the platform combines different decentralized exchanges, financial assets, and marketplaces to address the liquidity issue. As a result, investors can now utilize all of the DeFi services they require on the RenQ platform.
RenQ Finance uses smart contracts to speed up transactions and doesn’t use the traditional order book system, which requires users to wait for willing buyers to show up before they can sell an asset. Instead, the technology used executes trades instantly by placing them against a liquidity pool, switching the traditional peer-to-peer (P2P) market system to a P2C, peer-to-contract market system.
The RenQ platform has a native currency called RENQ, and owning it entitles a user to several advantages including being able to participate in the ecosystem’s governance and being considered an active member of the RenQ community.
Moreover, liquidity providers who stake LP tokens in the RenQ farm are rewarded with RENQ tokens.
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Avalanche (AVAX)
In September 2020, the Avalanche platform for open, programmable smart contracts went live. Its native token, AVAX, is a hard-capped cryptocurrency utilized for the platform’s connection, security, and payment features.
Being Avalanche’s native token, AVAX serves as a fundamental accounting unit across numerous subnets. Additionally, it is employed for staking, which secures the blockchain, and for paying network fees.
AVAX is currently selling at $17.67 in the market as of writing, closing in on the $18 mark, it ranks as a top cryptocurrency with a market capitalization of over five billion US dollars ($5.74 billion).
RenQ is tipped to reach such a height in the coming seasons.
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Chainlink (LINK)
The LINK cryptocurrency powers the Chainlink network by incentivizing users who ensure the proper operation of this network. The token is also used across multiple blockchains, enabling integrations with native Chainlink oracles. Within the Chainlink network, LINK is used for staking and payments to node operators.
LINK has a current market capitalization of over three billion US dollars ($3.78 billion) making it a top cryptocurrency according to market cap rankings. It is valued at $7.52 at the live market as of writing.
Experts say RenQ Finance can reach the market cap of LINK in a few months.
Click Here to Buy RenQ Finance (RENQ) Tokens.
Visit the links below for more information about RenQ Finance (RENQ):
Presale: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
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