Relite Finance, a cross-chain DeFi lending protocol, has revealed they are actively working on the implementation of Binance Smart Chain (BSC) bridges. They’ve also commenced the Relite NFT Contest.
Relite Finance announced the implementation of BSC bridges on their official Twitter account. Also, stating they will “buidl a truly multi-chain Relite.”
We are excited to announce that #Relite tech team is actively working on #BSC bridges implementation! 🔗 More significant updates coming soon! 🔥🔥🔥
During those difficult times we #buidl a truly multi-chain #Relite. Thank you for the support!💙#DeFi #BSC #BinanceSmartChain pic.twitter.com/U8TdeHpSyd
— Relite.finance (@relitefinance) May 26, 2021
Aside from the upcoming implementation of BSC bridges, Relite Finance has also carried out a number of interesting developments.
Relite NFT Contest
Relite Finance also just completed the Relite NFT Contest, awarding winners some amazing branded NFTs.
Hey ladies & gents! Don't forget about our 💎#ReliteNFTContest💎! We still have some amazing branded NFTs in play!🔥🔥🔥
Show your creativity and get them! Check out the terms in the form below👀#RELI #Relite #NFT #contest #giveaway #DeFihttps://t.co/psdqG9AIyl
— Relite.finance (@relitefinance) May 24, 2021
“To celebrate the upcoming launch of Relite, and as another way to say thank you to our rapidly growing and dedicated community, we’re launching a contest with 6 Relite themed NFTs up for grabs,” an official statement said.
The prizes include four regular Relite NFTs, one rare Relite NFT, and one legendary NFT. The development team also awarded one regular NFT and one rare NFT to the two most helpful community members in the Relite Finance Telegram group.
Relite Finance Completes IDO on Ignition and Lists on Uniswap
Relite Finance recently announced RELI (Relite’s native token) trading opening on Uniswap after the successful completion of an IDO on PAID’s Ignition launchpad. Besides, both available RELI token pools were completed within the first minutes, due to the level of interest shown during the whitelist subscription period. The Relite team also recorded a 100X oversubscription, which is similar to the preceding private sale.
Another highlight from the launch day was the RELI/ETH pool opening on Uniswap, the world’s leading decentralized exchange. Thus, making Uniswap the first platform to open the pools, giving retail users the opportunity to buy RELI.
George Groshkov, Relite CEO & Founder commented on the launch day saying: “Today’s success is truly proof of the terrific work done in the last few months, but we have even bigger ambitions for the next several quarters. Literally, I mean the MVP, the platforms roll out, and, surely, new exchange listings, which are already being negotiated. I want to thank everyone for keeping an eye on Relite and assure them of the continuous development ahead.”
About Relite Finance
Relite Finance, a cross-chain DeFi money market protocol that helps users lend, borrow, and stake all crypto assets in one interface by utilizing Polkadot’s Moonbeam Parachain, bridges, and a unique reserve fund module. Furthermore, Relite plans to create interoperability with Bitcoin, Ethereum, and other blockchains. In addition, they envisage implementing the collateralization of NFTs, offering better fees and usability than competitors.
As of the time of publication, Relite Finance’s price was $0.095600 with a 24-hour trading volume of $142,124. RELI price fell by 3.9% over the last 24 hours. Besides, it has a circulating supply of 23 Million RELI coins and a max supply of 23 Million.
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