Retoken to launch an Initial Farm Offering (IFO) on MacaronSwap
Retoken is using MacaronSwap to raise funds for their decentralized referral bonus platform
Retoken, the decentralized referral bonus platform which equips buyers and sellers with new motivational selling tools, is launching a decentralized Initial Farm Offering (IFO) on MacaronSwap.
What is an Initial Farm Offering (IFO)?
Several crypto crowdfunding methods are currently offering projects a safe way to raise funds. ICOs and IEOs have become popular means of interacting with a traditional centralized crypto platform to sell tokens.
Initial Farm Offering (IFO) provides projects with a decentralized path to raising capital. In this case, Retoken is using the MacaronSwap DEX and DeFi platform to offer RETO tokens to their community.
Asset and transaction security is paramount in the crypto space, especially when users interact with third parties to obtain new tokens. The IFO on MacaronSwap enables Retoken to issue RETO tokens to its users while also using the platform as a trading launchpad to enable RETO transactions.
IFOs are a noticeable shift from a centralized crowdfunding approach to a decentralized state. IFOs eliminate the need for gatekeepers, which means that crowdfunding networks are easier for both projects and investors.
Ahead of the IFO campaign, Retoken has announced a partnership with Bitkeep, a multi-chain cryptocurrency wallet that will support RETO tokens starting May 11th.
Retoken has partnered with Bitkeep to ensure IFO participants have their RETO token secured on a decentralized and battle-tested cryptocurrency wallet, thus removing any security issues during the IFO event.
Retoken IFO Details
The Retoken MacaronSwap IFO will take place on May 11th.
Token holders will have access to their RETO tokens on the same day through the Bitkeep multi-chain wallet and exchange. The IFO bears similarities to other crowdfunding events, with some notable differences given the capital funding event takes place on a decentralized exchange.
Thus, the process of participation and obtaining the spot differs. Users must hold and burn 20 MCRN ahead of the event. RETO has a minimum investment cap of $100 and a maximum of $1000 per user. We’ve taken this precaution to prevent whales from affecting the sustainability and growth of the Retoken ecosystem.
Token holders can claim their RETO tokens over 10 months. After that, 10% of tokens will be paid out to users every month until the users claim the entire amount.
For more information about the IFO event, please join our social accounts. More and more announcements are on the way.
