ReDeFi $RED Token Sale on GemPad:

We’re excited to announce the $RED token presale launch, starting on October 7, 2024, on the GemPad platform!

ReDeFi
4 min readSep 20, 2024

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🔗 Official Presale Link: https://gempad.app/presale/0x1131A7d0Df14402A3D1E147BeB0af4999338f8ec?network=Ethereum

Gempad is a multi-chain decentralised platform to help projects launch their tokens. Since we like to consider ourselves the bridge between traditional and decentralised finance, we wanted a ‘true’ decentralised platform for the $RED Presale. This is an important step forward for ReDeFi, and the main company BABB.

With ReDeFi, we aim to improve the current monetary system through a regulated and at the same time decentralised platform. What does this mean? 🤔

  1. Reduce time, minimise costs, and avoid middlemen fees for B2B, B2C (etc) for cross-border transactions.
  2. By connecting to at least 1 regulated bank or financial institution that has a connection to the central bank of that country, anyone can send to and receive fiat money of that country and (vice versa on the blockchain) using traditional banking account details (IBAN, Swift and so on). Onchain Money is specifically being tested in the Babb App since that’d be its first use case (and where it will be used initially). Here is a small ‘snippet’ 👇
Testing Onchain Money

Presale Key Information ⚠️:

  • Presale Start Time (BST): 00:00, October 7, 2024
  • Presale End Time (UTC): 23:59, October 21, 2024
  • Token Name: ReDeFi RED
  • Token Symbol: RED
  • Soft Cap: 35,000 USDT
  • Hard Cap: 350,000 USDT

Further information can be found in our card 👇
https://gempad.app/presale/0x1131A7d0Df14402A3D1E147BeB0af4999338f8ec?network=Ethereum

💡 Important: Make sure to follow all instructions on the presale page and do not send USDT directly to the presale address.

Presale Address: 0x1131A7d0Df14402A3D1E147BeB0af4999338f8ec

Why $RED? 🤔

The RED token is designed to power ReDeFi’s Layer-2 blockchain, offering low-cost, efficient transactions with added privacy features for banks, financial institutions and businesses. $RED will be used to pay transaction fees, stake, and nominate (delegate) to the network’s validators. The ReDeFi L2 specifically, aims to connect with traditional regulated banks and financial institutions to use Onchain Money, our tokenised deposit system that mirrors fiat currencies on-chain.

Utility of $RED 🛠️:

  • Transactions: RED is going to cover transaction fees on the L2 chain.
  • Users: You will be able to delegate RED tokens to validators and earn rewards while helping secure the network.
  • Holders: Will earn a share of transaction, network performance fees and API integration fees from ReDeFi connecting to banks and FIs.

How to Participate 🚀:

To join the $RED presale:

  1. Connect your ERC-20 wallet on GemPad.app

2. Approve USDT in your wallet. (you will need some ETH to approve, so try to do this in a period where gwei is low to minimise fees, you can check that here).

🖊️Note: When you approve a transaction, you’re giving the smart contract permission to use your tokens. This is a necessary first step before any transfer or transaction in a dApp. Without it, the contract can’t access your tokens to complete actions like swaps or transfers.

It’s like giving the app the “green light” to manage a specific amount of your tokens upfront.

3. Contribute your desired amount of USDT tokens to buy $RED. (this is the actual confirmation that you invested in RED).

But of course, since the RED Presale is just a few weeks away, we prepared a small form for you to fill up and get some feedback! 👇

https://form.jotform.com/242423982343053

Oh, and be sure to join our community channels to connect with like-minded individuals!

Don’t miss this opportunity to be part of the true future of finance!

👾 Join the Discord | ✉️ Join our Telegram

Learn More 📖:

About ReDeFi

ReDeFi is a Financial Infrastructure Platform (FMI) merging TradFi and DeFi. It uses a Substrate Layer-1 blockchain for decentralisation, while the Layer-2 sidechain focuses on privacy for B2B cross-border transactions, banks and financial institutions clients and so much more. The MVP is Onchain Money, a tokenised deposit system that mirrors fiat currencies in traditional bank accounts on-chain, enabling transactions using standard bank details.

Risk Disclaimer:
Don’t invest in cryptocurrencies unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

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ReDeFi

Regulated Decentralised Finance Ltd - Unleashing Financial Fairness Through Blockchain.