Retik Finance is a relatively new project in the Decentralized Finance (DeFi) sector with ambitious objectives of bridging the gap between traditional finance and the world of cryptocurrencies. It aims to achieve this goal by building a comprehensive ecosystem of user-friendly financial tools and solutions
.
Retik Finance Ecosystem
The Retik Finance ecosystem includes:
- Defi Debit Card: A DeFi debit card that allows users to spend their cryptocurrencies at traditional point-of-sale terminals.
- Payment Gateway: A payment processing platform that allows instant and borderless transactions, beneficial for both individuals and businesses.
- Defi Wallet: A multi-asset wallet for storing, managing and exchanging cryptocurrencies and fiat currencies.
- Swap Aggregator: A swap aggregator that acts as a decentralized exchange (DEX) to exchange tokens across different blockchain networks.
- AI-powered P2P Lending: A peer-to-peer (P2P) lending platform powered by artificial intelligence, which connects lenders and borrowers based on real-time market data and risk profiles.
- Perpetual Futures and Options: A SuperDEX that uses advanced technologies to redefine the trading experience on decentralized exchanges, offering perpetual contracts on futures.
Usefulness of the RETIK Token
The RETIK token is Retik Finance’s native token and acts as the heart and soul of the platform, performing several key functions.
- Transactional Utility: $RETIK is the primary medium of exchange within the Retik Finance ecosystem, facilitating smooth transactions, including payments, swapping, staking, lending, and borrowing.
- Governance: Token holders have a say in the evolution of Retik Finance, participating in governance proposals and votes to guide the direction of the platform.
Price Performance
- All-Time High: $3.0824 (21 May 2024)
- All-Time Low: $0.03876 (29 June 2024)
Recent Retik Finance News
Retik Finance is ready to eliminate the traditional barriers between fiat and cryptocurrency with the introduction of its virtual debit cards. It offers a suite of DeFi solutions that promise to reshape the industry, with virtual DeFi debit cards that allow users to transact in both traditional and digital currencies seamlessly
.
Tokenomics by Retik Finance
- Total Token: 1,000,000,000
- Pre-salt: 400,000,000
- Ecosystem: 240,000,000
- Cash Reserves and Listings: 120,000,000
- Team: 60,000,000
- MM, Kol’s incentives: 60,000,000
- Cashback Reserve: 50,000,000
- Marketing, Acquisitions, Partnerships: 40,000,000
- Partners and Consultants: 30,000,000
Is Retik Finance Legit?
Check KYC
Analyzing Certik’s audit report, Retik Finance’s contract is not yet KYC verified. The website mentions that Retik’s KYC process is currently underway with a renowned blockchain security firm.
Information about the Owners and the Team
There is no information available on the website regarding the owners or the main team.
Contract Audit
Retik Finance was audited by Certik, with the audited contract address 0x26ebb8213fb8d66156f1af8908d43f7e3e367c1d.
Results of the Audit
- Security Score: 73.50, among the best 10% according to the Certik ranking.
- Code Security Score: 88.86.
- Operational Resilience Score: 72.58.
- Community score: 91.74.
- Fundamental Health Score: 46.48.
The audit found 6 errors, including 2 major, 3 informational and 1 minor. The main issues concerned the risk of centralization and the initial distribution of tokens, both recognized and addressed
by Retik Finance.
Retik Finance represents an attractive investment opportunity thanks to its combination of innovative DeFi financial instruments and a strong supporting ecosystem. However, as with all pre-sale cryptocurrencies, it’s essential to conduct a thorough analysis before investing. Information about cryptocurrencies in presale is often limited and uncertain, and many recent presales turned out to be scams or collapsed shortly after launch. We recommend that you consult a registered financial advisor to guide your financial decisions.