Remittix is soaring higher than anticipated. The team announced that the beta version of their wallet, initially planned to launch at the end of summer, will be released at the beginning of July, and it will give native crypto-to-fiat conversion to a handful of testers.
Burning up the speed, the funding has already collected more than $15.8 million, leaving less than $2,2 million to go before hitting the soft-cap of $18 million. To seal the spill over, Remittix has launched the SPRINT50 promotion whereby a 50 percent token bonus is provided to anybody who joins before the limit is reached.
Crypto-to-Fiat in Seconds
The selling point of the wallet is a two-tap bridge that converts Bitcoin, Ether, or even XRP into bank cash in less than ten seconds. Remittix is a direct connection with payment rails in Asia and Latin America, where hundreds of billions of dollars in remittance transactions take place annually, instead of laboriously pushing coins through third-party processors.
The cost of fees is less than a cent in internal tests and receipts coming in earlier than many of the more traditional e-transfer apps are telling. Beta participants will put deposit velocity, mobile UI and identity verification through their paces, and a public dashboard will broadcast real-time volume and settlement time. Assuming it works with numbers, Remittix can be one of the most rapid and affordable off-ramps on the market.
Supply Burn and SPRINT50 Bonus
Each wallet transfer burns a fraction of RTX and directs micro-fees to a holder rewards pool, generating an unending deflationary cycle. The circulating supply decreases as the number of transactions increases, which compresses the float of the token without the need to use external buybacks.
The time-limited SPRINT50 bonus boosts the impact: until the soft-cap is reached, every user will get an additional 50 percent of tokens to each purchase, making the effective price of entry approximately five cents. The analysts believe that after the cap locks and the bonus vanishes, the new demand will crash into a diminishing supply, a kind of economic condition that has sent other deflationary assets into a frenzy of repricing mechanisms.
Final Sprint: Seize the Window
The imminent launch of wallets, instant fiat rails and on-chain supply reduction place Remittix in the perfect position to leap off the drawing board and into a functioning PayFi network at the time the market is on its knees seeking new stories. The funding gap is now relatively small, the bonus window is rapidly closing and given that the chance to scoop up RTX at below ten cents a coin and see it dwindle into ashes with every subsequent purchase might not be around long.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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