Remittix announced the successful raising of over $16.4 million through the presale of 555 million RTX tokens, aiming to facilitate crypto-to-fiat transactions.
Success of Remittix Presale
Remittix has garnered significant attention with its presale, selling 555 million RTX tokens at $0.0811 each. The project lacks a named leadership, focusing instead on product functionality, emphasizing that 'Remittix enables users to pay fiat into any bank account around the world using crypto, by just simply connecting your wallet.'
Technological Basis and Ethereum’s Role
The presale operates on the Ethereum network, requiring ETH or USDT, which could influence ETH flows due to presale participation needs. Despite the absence of high-profile endorsements in the crypto space, the project reports a robust community response.
Positioning Remittix in DeFi
Remittix positions itself alongside Ripple’s cross-border solutions while promising a stronger focus on DeFi. Future developments may include staking and API integrations, potentially altering the project’s total value locked (TVL).
The successful raising of $16.4 million marks a significant achievement for Remittix, which aims to transform payment infrastructure with a focus on integrating cryptocurrencies with traditional banking systems.
