The crypto community’s response to the launch of the RFUEL Token Community Crowdsale has been nothing short of overwhelming. Since the opening of the whitelisting portal two weeks ago we have received over 12,000 individual sign ups with more than $58 million in commitments.
One of the biggest surprises came from the pre-sale round of contribution which will start tomorrow and which is exclusively reserved to the stakers of OM token.
Within the first day of the whitelisting portal going live, thousands of MANTRA DAO’s Sherpas expressed their support for RioChain by pledging to contribute more than three times the total funding target of the RFUEL community crowdsale.
Listed on exchanges over the summer to widespread success, OM token is the native token of MANTRA DAO, the first decentralized application to be released on RioChain.
Our intent with the RFUEL pre-sale is to acknowledge the contribution of MANTRA DAO Sherpas to the RioDeFi ecosystem by offering a special discount on RFUEL to those who have been staking OM on exchanges.
And the race is not over! Tomorrow, Monday September 7th at 6 am UTC, RFUEL pre sale will officially open its doors and as for the whitelisting program, we will abide by a strict “first come first served” policy regardless of the amount of OM staked by the contributors.
As with every round of the RFUEL Community Crowdsale, we have instituted maximum caps so as to allow many more community members to participate in the sale. This strategy will enable a more decentralized distribution of RFUEL and help support the growth of the ecosystem in the long term.
RioDeFi’s team is ever grateful to our community and to our partners for their unfailing support. We will announce the first round of the RFUEL community crowdsale upon completion of the pre-sale, so be sure to follow our Medium account as well as our Telegram News & Announcements channel to stay up to date!
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. To that end, we develop applications that connect people to digital assets, mobile payments, and DeFi services such as savings and lending. Our solutions enable lower transaction fees, faster confirmations, energy efficiency, secure storage, and global reach.
To learn more about the latest development regarding RioChain, visit: Riodefi.com