Dear Relite Finance community,
Thank you for your continued support of Relite Finance! As usual, we have some very exciting news for you on multiple fronts: our audit with Certik, results of our NFT giveaway contest, and, of course, news about our highly-anticipated upcoming IDO on Ignition and listing of our RELI token.
1. Security Audit
Relite has passed its audit with Certik with flying colors! In DeFi, security is number one.
The coming months will see the launch of RELI staking on the Relite platform. Alongside this, the team will be working with Tier 1 strategic partners to grow the TVL (Total Value Locked) of the Relite protocol.
In light of this, we wanted to make everyone comfortable with the safety and security of our platform and send a clear message to potential partners that Relite is here for the long-term. As such, we performed a proactive comprehensive audit of our smart contract with industry leader Certik. A report can be found here.
2. NFT Collateralized Lending
Relite plans to offer NFT-collateralized lending. With industry heavyweights such as Elon Musk and Mark Cuban now involved in NFTs and some NFTs are fetching over 7 figures in price Relite has uncovered a huge market opportunity. Relite will be developing lending solutions for NFT holders to borrow against their digital NFT assets using Relite’s cross-chain interoperable platform.
Relite’s NFT collateralization will include collateral safety and security on digital NFT assets using NFT pricing and loan-to-value provided by data on OpenSea & Rarible NFT trading platforms.
Relite recently conducted a highly popular NFT contest in conjunction with Squares Capital. Relite’s unique Legendary NFT can be seen here on OpenSea and more details of the recent Relite NFT giveaway contest can be found here.
3. The Relite Finance IDO
Lastly and most importantly the highly coveted Relite Finance IDO (Public Sale Initial Dex Offering of the RELI token) is officially scheduled for May 17th on PAID’s Ignition platform. Our whitelist closed with over 10,000 participants. PAID’s Ignition is the #1 IDO launchpad platform in crypto with an influencer community of over 9 million users.
Shortly after the IDO, the Relite Finance token will be listed onto Uniswap for trading under the symbol RELI. We are also in talks with CEX (Centralized Exchange) partners for the listing of the RELI token in the coming months.
Our private sale capital raise closed last month in which we raised $1mm and were oversubscribed by nearly $100mm. (100x). Relite’s investors include industry heavyweights including: Master Ventures, GD10 Ventures, AU21 Capital, A195, Blocksync Ventures, Rarestone Capital, Spark Digital Capital, Parsiq, Phoenix Crypto VC, Sky Ventures, x21, CryptoDormFund, Squares Capital, and Genblock Capital.
If you haven’t done so already, please join our Telegram group and follow us on Twitter in order to keep informed of all our upcoming news!
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