As a platform that focuses on the tokenization of real-world assets (RWA), Texas Finance is gaining traction through its presale events. The 6th stage of presale was concluded recently, by raising 12.2 million dollars.
With the demand from the community, the seventh stage is live, with $0.09 per coin. This article will analyze whether the engagement in the presale will benefit the short-term or long-term hodling. Additionally, we will get deeper into the project and also provide a step-by-step guide to purchase the tokens. Let’s begin.
What is Rexas Finanace?
Rexas Finance aims to democratize the RWA arena by making tokenization accessible to everyone. It has a beginner-friendly interface with advanced algorithms to ensure safety and scalability. From real estate to artworks, users can tokenize any real-world assets.
Artwork collectors can leverage Rexas GenAI to trade NFT collectibles and enhance their portfolio with cheap maintenance and gas fees. Meanwhile, artists can use the platform to create and sell high-quality artwork, including characters and skins related to gaming. Additionally, the platform provides a marketing and branding space for new businesses.
Rexas Finance RXS Token Details
| Token Ticker | $RXS |
| Contract Address | 0x9eAeBd7E73D97E78c77fAB743e6FFA1b550e224c |
| Blockchain | Ethereum ERC-20 |
| Total Supply | 1 Billion RXS |
| No. of Hodlers | 16,669 |
| Total Transfers | 29,221 |
RXS is the backbone of Rexas Finance. It is used as a token that facilitates transactions, incentivizes participation, and ensures the secure operation of built-in protocols and other components. Around 42.5% of the total allocation is for the presale, which the coin is in now. 225% is reserved for the staking pool. Liquidity covers 15% of the supply and around 2% is for giveaways. Other allocations include treasury (10%), marketing (3%), and team (3%).
Is RXS a Good Investment for Short-Term?
The fact is that there are various existing RWA tokenization blockchain projects out there. The success of Rexas depends upon its ability to gather massive userbase and media exposure. When analyzing the whitepaper and docs, the project seems like a genuine and capable venture. It also has strong community support.
All the characteristics of the project suggest that it will gather more clients in the future, increasing the market capitalization. The community believes that the coin will double the presale value of $0.09 after the listing. However, a temporary downward movement, or a sudden dip, can be witnessed on the listing day.
Immediately after the listing, price fluctuations can be seen because of the high sell pressure. However, depending on how strong the project is, it will rebound. This makes the coin a good asset for short-term trade. However, long-term HODL is recommended in RWA tokenization projects.
How to Purchase RXS Tokens?
As a token that is in its presale phase, you won’t be able to purchase these tokens externally. You should visit the official website of Rexas with your ETH-filled wallet to buy RXS. Here are the steps:
- Get Your Wallet: You should need a WalletConnect-supported wallet with some amount of ETH, as it is needed for the gas fee and the purchase. You can also purchase with USDT, however, ETH is mandatory for the gas fees.
- Connect to Rexas: Visit the official website of Rexas Finance and tap the “Connect Wallet” button. Choose the ERC-20 chain and accept the connection request.
- Purchase RXS: Choose ETH or USDT in the “from” option and enter the amount. The system will automatically generate how many RXS you will receive for that amount. Click “Buy” to continue.
- Confirm the Transaction: Pay the gas fee, confirm the transaction, and wait for a few minutes to receive the tokens. Also, note that you should approve two transactions while paying with USDT.
When Will Rexas Finance’s RXS Tokens Get Listed?
The listing date of the RXS token is not yet officially announced. You can follow the official X handle and Telegram channel of Rexas to stay updated about the key dates. Also, subscribe to their newsletter.
Lastly, no coins are immune to the high volatility of the crypto market. This can be witnessed in the case of RXS. So, proceed with caution and try to purchase with the money you can afford to lose. DYOR!