REX, an advanced certificate of deposit style cryptocurrency launched on Binance Smart Chain, providing a new time-based investment option for investors. Time-based investments and bonding financial tools have been around for many years in the Traditional Finance (TradFi) world and have recently made their way onto blockchains, replacing centralized banking institutions with decentralized code-based protocols. These new technologies invite innovations in the financial models, making additional features and flexibility possible for the first time.

REX is a decentralized blockchain-based cryptocurrency utilizing smart contracts to provide highly rewarding and flexible time-based investments and bonding financial tools.  Specifically, REX smart contracts provide a native investment option, called “staking”: locking up tokens for a period of time to gain rewards. This is comparable to a time deposit or certificate of deposit (CD) in traditional finance, but with more flexibility and greater possible gains.

In crypto speech, REX is a staking token, so participants buy REX and stake it over time to earn more REX. The additional REX earned by stakers comes from new REX that is minted each day, causing the REX supply to increase, or inflate, over time. The REX token supply inflates by 12.9% per year. This inflation is created by the contract and distributed to the stakers.

Staking tokens are not new to Decentralized Finance. Tokens with basic staking functionality exist already, like the cryptocurrency HEX that reached a Market Cap of more than $50 Billion and proved staking a valuable investment option.

Compared to such basic staking tokens, REX smart contracts offer advanced and extended staking functions – unprecedented in Decentralized Finance – which makes managing stakes much easier, more flexible and – for the first time – fully decentralized.

For example, in REX it’s possible to name stakes (to keep track of their purpose), split stakes (for instance, in a divorce), transfer an active stake to another address (for example, as a gift) and even withdraw already-earned staking rewards while a stake is active (instead of having to emergency-end it early). The user may also choose to create a stake as revocable (the stake can be ended early and the user can withdraw staking rewards before maturity) or irrevocable (the stake can’t be ended early and the user can’t withdraw staking rewards before maturity) to increase its Annual Percentage Rate (APR).

REX has also introduced the concept of booster tokens, TREX and MREX, that allow users to enhance their staking, auction and stake DEX experience.

Another example of innovation in REX is a new native decentralized exchange (DEX) for active stakes; a user may buy and sell active stakes on this built-in exchange without using any third-party or middlemen – a first in the Decentralized Finance (DeFi) space. This makes a REX STAKE itself a cryptocurrency, opening new possibilities for its users and maybe serving as a role model in DeFi.

To ensure a top-level of long-term safety for its users, REX smart contracts have been fully and independently audited by three industry leading auditing companies: CertiK, Solidity.Finance and TechRate.

Visit rex.io as a starting point for further investigation.

Twitter: https://twitter.com/rex_token

YouTube: https://www.youtube.com/rex_community

Telegram: https://t.me/newrextoken

This press release was originally published on this site

You May Also Like

Chubby Primates, an NFT Collection Based on Ethereum Network Launched by Carlos Bracamonte.

Carlos Bracamonte, developer of Blockchain Technology and Web3, launches Chubby Primates, an…

Linklogis Reports Solid Results for 2022 with the Gross Profit Margin Hitting a New High of 83.8%

On March 28, 2023, Linklogis Inc. (09959.HK, “Linklogis”) released its 2022 annual…

Cross Trade Pro Sets New Industry Standard with 99.9% Trade Execution Accuracy

Revolutionizing Trading with Precision, Speed, and Reliability Cross Trade Pro has once…

Stoned Apes Crew to Unleash Nuked Apes Collection NFTs

Stoned Apes, a Solana-based protocol, plans to launch a unique NFT collection…

Rowan Coin (RWN) Lists on Coinstore

Rowan Energy, a UK-based green blockchain company, announces the listing of its…

Mumu Unveils New Features for Its Community-Centered Memecoin

From tokenomics to staking pools, a host of utilities aims to provide…

Binary Guardian’s Guardian Automation BOT Empowering Traders to Reach New Heights in Crypto Binary Trading

REVOLUTIONZING CRYPTO BINARY TRADING Binary Guardian, a leading platform in the world…

OkayCoin CEO Releases Key Strategies to Maximize Investor Returns on Staking Platform

OkayCoin, a pioneering force in the cryptocurrency staking sphere, today announced a series of…

Goldenlinx Makes Spectacular Debut on Nasdaq Big Screen in Times Square

Revolutionary Internet Financial Platform Marks Milestone Achievement, In a groundbreaking moment for the…

Mobile Mining is the Future of Digital Finance: BlockDAG Network Has You Covered

  Over the years, cryptocurrency mining has surged in popularity, but it…