PEPE Coin Rival Raises $1.6 Million in Presale With Its Utility-Based Approach
Pepe Coin, one of the most popular meme coins found today, was launched just over a year ago and is based on the famous frog meme, which wears different emotions. While the coin performed well at the outset, it had recently begun to experience price stagnation. One of the fairly recent up-and-coming rivals, Rexas Finance (RXS), displays great potential with its utility-based approach.
The Rise and Struggles of PEPE Coin
One of the main reasons investors are attracted to Pepe is its deflationary nature. A certain percentage of Pepe coins gets burned with each transaction, effectively increasing the value of the rest of the tokens over the long run. However, PEPE, like many other meme coins, has its value drawn by speculation to a degree.
After a period of price growth and high volatility, PEPE is now experiencing price stagnation. Despite having a lot of followers, recently, it has not kept up with the pace of other new emerging cryptos. Market volatility and investor hesitation, alongside other meme and utility token competition, have hammered down on its recent ascent.
Rexas Finance (RXS): The Pepe Coin Rival
Rexas Finance (RXS) has been making headlines as an emerging rival to Pepe Coin, which has had its fair share of bumps. Rexas Finance states that it takes a more serious approach to utility, promising to be a disruptive force in the digital assets market. The project’s aim is the tokenization of virtually any form of asset one has, whether it is real estate, art, modes of production, or intellectual property. In simple words, by way of the issuance of tokens, Rexas enables users to invest in assets beyond their geographical boundaries.
This new workable model empowers people to own portions of “high-value” assets no matter the value of one’s investments increasing the ease of investment, liquidity as well as security.
A Strong Start for Rexas Finance (RXS): The Opening Presale Success
At the moment, RXS is still in the third phase of its presale, with the first two stages demonstrating that the project is far from all talk. The first presale stage accomplished the release of 15,000,000 RXS tokens at $0.03 each which generated $450,000 in less than 3 days. Stage 2 of the presale also sold out, with tokens priced at $0.04 per token and 20,000,000 tokens allocated. This rapid progress indicates a strong demand for RXS.
As anticipation keeps on surging, Rexas Finance is giving away $1 million, split between 20 participants. This campaign has already garnered over 67,000 participants. With 134 days remaining in the contest, the community of the platform keeps growing which indicates that the project has financial uptake but also a lot of active users.
A Utility-Based Project Primed for Growth
Rexas Finance’s business model, with emphasis on leadership in the tokenization of assets, is certainly a differentiating feature against other hype-driven coins. While meme coins such as Pepe get most of their value from internet trends and speculation, Rexas attempts to do so by displaying utility.
Demand for utility-based types of assets is projected to be considerably higher since institutions and retail investors tend to invest in such projects in the long term.
With the presale already exceeding Rexas’ expectations and capturing the attention of the audience, investors are expecting a bright future for the project. Should Rexas Finance hold its ground and continue delivering on the expectations, the early investors will reap handsomely as the token positions itself in the highly competitive digital asset market.
Conclusion
Despite establishing itself in the niche of meme coins with the PEPE Coin, recent woes have provided some breathing space for rivals, one of them being Rexas Finance.
Currently, in its presale, the token is priced at $0.05. The project has raised $1.6 million, with the presale being only in its 3rd stage.
For more information about Rexas Finance (RXS), visit the links below:
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