1. Introduction to RENEC Lend.
RENEC Lend is the first Supply and Borrow project on the RENEC Blockchain, allowing users to lend or borrow tokens. In simple terms, RENEC Lend has pools where users can supply tokens and earn interest or utilize their supplied assets to borrow tokens from other pools.
Suppliers of tokens contribute to market liquidity and earn passive income from their token deposits. On the other hand, borrowers can borrow amounts exceeding their collateral by depositing collateral assets, such as depositing an asset worth $100 to borrow an amount ranging from $1 to $75. This creates a flexible financial environment, allowing users to leverage their assets for flexible loans and generate income from their deposits.
2. Introduction to RELEND Token
RELEND token is the native token of the RENEC Lend platform. Owning REL means you have access to the unique benefits of the platform:
- Governance and Upgrades:
Token holders participate in decision-making for protocol upgrades, fee adjustments, and addition/removal of assets.
Proposals can be submitted by token holders for consideration, requiring a certain threshold of tokens to be staked to qualify.
- Staking RELEND: You can stake REL on the RENEC Lend platform to earn passive income.
- Liquidity Provision: You can provide liquidity to the REL pool on NemoSwap DEX and receive fees from the pool.
- Borrowing Fee Discounts and Lower Interest Rates: When you use REL, you'll enjoy borrowing fee discounts and lower borrowing interest rates.
- Trading RELEND on DEXs and CEXs: You can trade REL on decentralized exchanges (DEXs) and centralized exchanges (CEXs) for buying, selling, and trading this token.
- Exclusive Member Accesses: If you hold REL, you can access exclusive programs such as Liquidity Programs and Referral Programs.
3. Exploring RELEND Tokenomics
Tokens are the lifeblood of cryptocurrency investments, serving as the medium of exchange and trust within the crypto space. Understanding Tokenomics is key to making informed investment decisions and maximizing personal benefits.
RELEND Tokenomics focuses not only on transparency and fairness but also on critical elements like community stability and growth. Here's a snapshot of REL Tokenomics as of the latest update:
Name: Relend Token
Symbol: REL
Total Supply: 1,200,000,000 REL
Token Allocation Details:
- Development Team and Advisors:
- Amount: 15%
- Purpose: reward for team members and advisors
- Vesting plan: unlock after 3 years
- Ecosystem Development:
- Amount: 20%
- Purpose: use for liquidity, partnership, and ecosystem growth
- Vesting plan: unlock 100% after token launch
- Treasury:
- Amount: 20%
- Purpose: used for enhance security and stability of protocol in future. After 3 years, the leftover amount will be burned
- Vesting plan: unlock 100% after token launch
- IDO:
- Amount: 5%
- Purpose: use for IDO listing
- Vesting plan: unlock after 1 year
- Community Rewards:
- Amount: 40%
- Purpose: use for staking rewards, airdrop and other community engagement events
- Vesting plan: unlock 100% after token launch
Product roadmap
![image](https://img-portal-prod.s3.amazonaws.com/uploads/image/attachment/448275/RENEC_Lend-roadmap-en-Square.png)