Rikkei Finance to Conduct Its IDO on Red Kite Launchpad
Red Kite is pleased to announce the partnership with Rikkei Finance to conduct the $RIFI IDO on our launchpad this August.
Rikkei Finance (RiFi), a game-changing DeFi platform, has developed a proprietary Open Lending System that includes cross-chain support, NFT collateralization, and peer-to-peer insurance. RiFi has been adopted due to its sustainability, community focus, interoperability, and diversity.
In recent years, the cryptocurrency lending market has exploded, but existing platforms are underprepared to meet market demand. That is why RiFi was created: to address existing deficiencies. RiFi is reimagining decentralized financial services through its proprietary lending systems and innovative solutions. RiFi’s mission is to alter the narrative and establish a structure that ensures high efficiency and transparency in the crypto lending space.
RiFi provides complete support for crypto assets across multiple blockchains. A vast and comprehensive network is being built to assist investors, borrowers, traders, and spectators in seamlessly exchanging crypto assets, whether stable coins or not. Additionally, the rate models have been well-designed to accommodate periods of low utilization. This makes lending and borrowing more feasible for lenders and borrowers alike and makes borrowing less burdensome.
RiFi partnered with Red Kite, a cutting-edge launchpad powered by PolkaFoundry, to offer its native token, $RIFI, to the public on the 25th of August 2021.
The information about whitelist registration and the detailed IDO schedule will be announced soon.
About Rikkei Finance
Rikkei Finance is a safe, solid and convenient protocol that makes lending easy and secure with 3 key features: Cross-chain support, NFTs collateralization, and P2P Insurance. The project has successfully raised $5.6M for strategic and private rounds, and currently is evaluated as $40M.
Backed by notable investors, Rikkei Finance aims to establish money markets for frictionless borrowing of any blockchain-based tokens without the flaws of existing approaches, allowing proper money markets to function, and creating a safe positive-yield approach to storing assets.
Learn more about Rikkei Finance:
- Website: https://rikkei.finance/
- Twitter: https://mobile.twitter.com/RikkeiFinance
- Telegram: https://t.me/rikkeifinance
- Medium: https://medium.com/rikkeifinance
- Telegram Announcement: https://t.me/RikkeiFinance_official
About Red Kite
Red Kite is a cutting-edge launchpad powered by PolkaFoundry as a part of the growing $PKF ecosystem. Red Kite projects are carefully chosen through vetting, which takes everything from the origins of the project teams to legitimacy and implementation capacities into account. These projects are also supported by a network of our high-class marketing partners, leading influencers, and interactive communities.
Need more information about Red Kite? Follow us on PolkaFoundry’s official groups and channels so you won’t miss anything!
