Everything You Need to Know About RETIK Crypto Tokenomics

2024-07-16

RETIK stands as a dynamic DeFi token built upon the Ethereum mainnet, adhering to the ERC20 standard. With a total supply of 1 billion (1,000,000,000), RETIK powers the Retik Finance ecosystem, driving decentralized transactions and fueling the innovative financial solutions that define our platform's essence. This article delves into the tokenomics of RETIK, providing a comprehensive understanding of its allocation and usage.

Key Takeaways

Total Supply: RETIK has a total supply of 1 billion tokens.
Main Allocations: The tokens are distributed across various categories, including presale, ecosystem, and liquidity reserves.
Contract Details: RETIK operates on the Ethereum network as an ERC20 token with a specific contract address.

Read More: How to Buy Retik Finance

Token Allocation Overview

Source: Retik

Presale (40%)

The largest portion of RETIK tokens, 400,000,000 tokens (40%), is allocated to the presale. This allocation aims to provide initial funding and liquidity to support the development and scaling of the Retik Finance ecosystem.

Ecosystem (24%)

A substantial 240,000,000 tokens (24%) are dedicated to the ecosystem. These tokens are used to support various initiatives, including development, community incentives, and future growth projects within the Retik ecosystem.

Liquidity & Listings Reserves (12%)

To ensure sufficient liquidity and facilitate exchange listings, 120,000,000 tokens (12%) are reserved. This allocation helps maintain market stability and accessibility for RETIK tokens.

Cashback Reserve (5%)

50,000,000 tokens (5%) are set aside for cashback reserves. This reserve is used to reward users participating in the Retik Finance platform through cashback incentives, promoting engagement and user retention.

MM, Incentives, KOL's (6%)

Another 60,000,000 tokens (6%) are allocated for market-making, incentives, and key opinion leaders (KOLs). This allocation helps drive market activities, promotions, and partnerships with influential figures in the DeFi space.

Team (6%)

The team behind Retik Finance is allocated 60,000,000 tokens (6%) as a form of compensation and motivation. This ensures the team remains committed to the project's success and continued development.

Marketing, Acquisitions, Partnerships (4%)

40,000,000 tokens (4%) are designated for marketing, acquisitions, and partnerships. This allocation supports promotional activities, strategic partnerships, and expansion efforts to grow the Retik Finance user base.

Partners & Advisors (3%)

To engage and incentivize partners and advisors, 30,000,000 tokens (3%) are allocated. This helps secure strategic guidance and valuable partnerships that contribute to the project's long-term success.

Token Contract Information

RETIK operates on the Ethereum blockchain, adhering to the ERC20 token standard. The contract details are as follows:

Address: 0x26Eb88213fb8D66156F1Af8908d437fe3e367C1d
Decimal: 18
Network: Ethereum Chain (ERC20)
Token Symbol: RETIK

By understanding the detailed tokenomics of RETIK, stakeholders can better appreciate the strategic distribution and utilization of tokens within the Retik Finance ecosystem. This structured allocation ensures a balanced approach to growth, market stability, and user engagement, driving the platform towards its vision of decentralized financial innovation.

FAQs

What is the total supply of RETIK tokens?

RETIK has a total supply of 1 billion (1,000,000,000) tokens.

How are RETIK tokens allocated?

RETIK tokens are distributed across various categories including presale (40%), ecosystem (24%), liquidity and listings reserves (12%), cashback reserve (5%), market-making and incentives (6%), team (6%), marketing and partnerships (4%), and partners and advisors (3%).