What Is Retik Finance & How To Buy It?
Dec 15, 2024
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Please note that this article doesn’t present investment advice. To decide whether or not you should invest in Retik Finance, do your own research.
Cryptocurrency is not something completely unfamiliar to us as many of us already have experience of using online banks and debit cards. Crypto apps may remind the bank apps and it makes cryptocurrencies easier to understand and use.
What makes cryptocurrencies even more familiar is the ability to pay with it via the debit card, virtual or physical. Wirex, Crypto.com, Coinbase, and other reputable crypto brands offer users crypto debit cards that convert crypto to fiat currencies when the purchase is made. One of the newer players in this field is the Retik Finance company.
This article reviews Retik Finance and explains where and how to buy Retik crypto.
Contents
What is Retik Finance (RETIK)?
Retik Finance (RETIK) is the dynamic ERC20 DeFi token fueling the Retik Finance network. Also RETIK is a governance token, as it is used for participation in the decision-making process, shaping the future of the Retik Finance platform via staking. The total supply of the RETIK token is one billion.
One of the key selling points of the RETIK brand is that it provides users with crypto debit cards, fostering the ease of cryptocurrency use as we are all accustomed to using cards to make purchases both online and offline. Other notable features of the Retik Finance platform include a smart crypto payment gateway, a peer-to-peer lending service powered by AI, and a non-custodial crypto wallet.
The Retik Finance debit cards are an inherent part of the Retik ecosystem which facilitates the quick exchange of currencies that take place during purchasing. A feature called Smart Crypto Payment Gateway provides merchants with a tool for accepting payments in cryptocurrency. The crypto debit card feature and Smart Crypto Payment Gateway together foster the easy and streamlined use of crypto in everyday life.
A Retik Finance P2P lending service enhances the borrower/lender matching mechanism via the use of AI. According to Retik Finance, the feature makes it easier to get a loan without hurdles associated with involvement of the intermediaries.
As for the Retik wallet, it is a multi-chain DeFi-ready wallet. You can effortlessly connect it to liquidity pools or yield farming platforms. As the wallet is non-custodial, you are the only person with the access to private keys and no one but you is in charge of the safety of your funds. The wallet allows users to protect funds and data through a number of robust security features.
Retik Finance was founded in 2018 by three financial professionals Dave Retik, John Smith, and Edward Jubani Tour. The token launch took place on May 24, 2024. The presale phase was successful, however, the post-launch period turned out to be rough.
The RETIK Market Performance
The token was launched in May of 2024. It is available on a number of top-tier crypto exchanges, including MEXC, BingX, BitMart, and Uniswap.
Despite the support from these exchanges and decent functionality (especially, the crypto debit card feature), as of December 2024, the token is yet to live up to its potential. After a powerful start in the last week of May, the token's price plummeted by June and has been falling consistently ever since. There were several short-term spikes along the way. All of them can be attributed to massive crypto market movements. Nevertheless, none of them managed to reverse the trend for RETIK.
In 2024, the RETIK token price saw a decline from $3.08 (the May 21 peak price) to $0.001545 (December 5). According to CoinMarketCap, the community sentiment is bullish (65% of respondents are bullish on RETIK), however, other tokens have a higher percent of bulls in December of 2024, due to the ongoing crypto rally which barely impacted the RETIK price.
Although the Retik Finance token doesn't showcase a strong market performance, the team is far from ceasing their work. The company continues to roll out new features, make partnerships, and look forward to widen the user base of the Retik ecosystem.
Where and How to Buy Retik Finance (RETIK)?
If you want to invest in RETIK, there are several comfortable avenues. If you already have some crypto, you may swap other ERC20 tokens for RETIK. Uniswap is the most straightforward way to do so.
To exchange Ethereum-based crypto for RETIK you should connect your DeFi-ready wallet. Open your wallet app and open the Connect tab. Get ready to read the QR code. To obtain the code proceed to Uniswap, click on the Connect button in the upper right corner, and read the QR code via your mobile device.
After connecting the wallet you should choose the currency you are going to exchange for RETIK, pick RETIK in the Buy section, specify the amount you want to spend/acquire, and click on Get Started to proceed.
The RETIK tokens will reach your wallet soon after you complete the exchange.
The other way is to exchange cryptocurrency you have for RETIK on one of the centralized crypto exchanges. There are not many exchanges that support RETIK and the choice of pairs will probably be scarce.
As of December 2024, RETIK is available on MEXC, BingX, BitMart, CoinW, and Bitrue. Check the user reviews of these exchanges, make sure that the exchange works in your location, and post an order to sell crypto you have for RETIK.
To buy RETIK you will need another cryptocurrency. You can easily buy it by card on any trusted crypto exchange. Probably on some of these exchanges you can buy RETIK by card in the P2P section. Check if this is the case.
FAQs
In this section, we’ll address the most frequently asked questions about Retik Finance.
Is Retik Finance a good investment?
We cannot present investment advice. To make an informed decision regarding the possible profitability of Retik Finance you should conduct a thorough research. As of December 2024, on the CoinMarketCap website, RETIK has a smaller support from users than many other cryptocurrencies with many of them displaying their disappointment with the project. Such negative feedback may impact other investors. However, it’s safe to say that some people are still bullish on Retik Finance.
Is Retik Finance a scam?
While some of the disappointed investors and Retik community members claim that Retik Finance is a scam or a slow rug pull, we must note that there is no evidence confirming such claims.
Who is the founder of Retik Finance?
The company was founded by Dave Retik, John Smith, and Edward Jubani Tour.
Where to buy Retik crypto?
There are five centralized exchanges supporting the RETIK token. They are MEXC, BingX, BitMart, CoinW, and Bitrue. On top of them, you can buy RETIK on a decentralized exchange called Uniswap. Most probably, you will need another cryptocurrency to exchange it for RETIK.
Conclusion
RETIK is a pretty young project. Although the project saw a successful presale phase, its market performance is below average. Nevertheless, the Retik Finance team and the project community are not giving up. The RETIK price prediction is bearish.
If you want to invest in Retik Finance, you better have some crypto to exchange it for RETIK on one of the centralized exchanges. If you have ERC20 tokens, you can swap them for RETIK on Uniswap.
The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.
Author and journalist. Have a bachelor's degree in History and several years of experience in different media
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