RenQ Finance (RENQ) Will Outperform Most Cryptocurrencies On The Market To Become Third Largest After BTC And ETH, Expert Feels

The volatility of the cryptocurrency space is driving people to invest in pre-sale. And when presales have good fundamentals, investing in them has big advantages for early adopters. RenQ Finance is one such asset. Although currently offered as a pre-sale, CoinMarketCap already had an option ready for when the token hits the listings.

And most of the current experts are bullish on this crypto. They say that RenQ Finance can leverage its cross-chain DeFi fundamentals to become more valuable than Bitcoin and Ethereum.

What does RenQ Finance have to push the Crypto Crowd up?

There have been multiple presale cryptocurrencies in the past. And even this year the market is full of ICOs and IEOs providing great fundamentals and providing early move opportunities. But there haven’t been many projects that have aroused as much interest as the RenQ funding.

Most of the leading publications are covering it, with many saying it could be the “big crypto nest”. While these talks are similar to what we’ve heard a bunch of times before, it feels different now. CoinMarketCap, a tracking website known for being strict about which cryptocurrencies to track, has already listed it.

So what is it?

RenQ Finance calls itself a unifying decentralized finance platform that offers cross-chain DeFi mechanisms that allow users to easily earn money with cryptocurrencies. The term easy seems to be the recurring theme, since the official white paper of the project suggests that RenQ has made things as unique as humanly possible.

“RENQ is a unified platform for a decentralized world” – are the first words of the whitepaper, which outline the project’s goals to connect all isolated blockchains and establish a cross-chain asset exchange network.

The platform positions itself as a provider of a truly decentralized service with no registration and NO KYC requirements

A look at the RenQ ecosystem

Wanting to provide a comprehensive solution to all types of traders with all levels of experience, RenQ has included the following elements in its ecosystem.

DeFi Wallet

RenQ’s wallet offers an integrated solution by connecting with all DEXs through a single app, allowing users to perform all traditional DeFi tasks such as trading, farming, mining, lending, staking, borrowing, selling on short and other offers that are mainly available only in centralized. exchanges

cross chain exchange

RenQ ensures that the benefits of the blockchain economy spread across multiple chains, just as cryptocurrency was originally envisioned. With the RenQ trading utility and automated market maker, RenQ removes the requirement for an order book and instead allows trading to take place through the liquidity pool.

Exchange

RenQ sets up its own decentralized exchange that has all the advantages of a CEX but none of its weaknesses. The on-chain order book provided by RenQ is completely decentralized and allows for flexibility in pricing and order sizes.

aggregation protocol

With the Aggregation protocol implemented in the smart contract, RenQ gets its liquidity from multiple exchanges. That allows you to move a transaction to multiple DEXs to keep the price competitive.

Bridge

RenQ plans to offer a bridge between blockchains that facilitates the exchange of data, value, and control within them.

farms

RenQ has implemented a unique farming methodology that allows users to stake LP tokens on the farm to provide liquidity while learning LP rewards from the pool.

Other utilities include a lending protocol, perpetual options, a DeFi launch pad, governance, and an NFT launch pad.

RenQ Testnet will hit the scene in Q3 2023

The core development of the project has already started and the pace of pre-sale is picking up its speed. The main testnet will be launched in the third quarter of 2023.

RenQ plans to complete the launch pad by Q3 2024, with a bounty program and metaverse to follow.

An all-in-one ecosystem that addresses almost everything in the Blockchain space

RenQ’s whitepaper paints it as a truly unifying system that wants to bring all the disparate blockchain utilities together on a single platform. You have your NFT, your DeFi, your Metaverse projects, and GameFi fundamentals rolled into one platform.

With no utility limit, it’s no wonder people have been saying it could rule the blockchain space and go beyond Bitcoin and Ethereum in the near future. But is such a belief justified?

Nothing is safe in cryptocurrencies, we know that. And the crypto winter has also taught us that there is more value in investing in utility-focused tokens than in simple cryptos. If you consider that, RenQ is about to become a winner.

However, saying something right now might be too conceited. Caution is the name of the game within the crypto space. And as we learn more about RenQ’s offerings, we’ll be able to make an informed estimate as to whether this asset could land in the near future. For now, we recommend taking a close look at the pre-sale and keeping an eye on the development of the project.

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