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Sold out in 4 minutes during the presale, Retire Token has already made a huge impact in the rewards token sector. Boasting some to the highest returns available, it offers a unique opportunity to holders and investors alike.
What is Retire Token?
Retire Token is a community driven project based on the ideal of true passive income. It is a dream shared by many the world over to be financially independent - to escape the 9 - 5. Retire Token aims to make that an actuality for their holders.
Eligible holders can sit back and watch their USDT balance increase as the rewards automatically pile into their wallet. 15% of each transaction is redistributed in USDT amongst all holders with 100 or more tokens. Additionally, 2% of every transaction is automatically added to the liquidity pool on PancakeSwap.
In addition to the enticing tokenomics model, Retire also offers a live dashboard for keeping track of rewards. The dashboard offers interesting stats and the ability to calculate future returns based on trade volume. A useful tool alongside a rewarding token.
Ecosystem Development
The project offers further use case in its ecosystem development. Retire is not just a stand alone token, but exists as part of a growing ecosystem of tokens. Currently the network consists of Passive Token, offering a similar passive income tokenomics model to Retire, and Wen Lambo, a partner project.
Passive Token is the child token of Retire, born of a need to make passive income generating tokens affordable and available to the masses. The investor is only required to hold 28 passive tokens to qualify for 15% BUSD rewards and 3% $Retire rewards.
The partnership with Wen Lambo is set to be the first of many for Retire Token. In exchange for offering rewards in $Retire, the Retire Token team have taken Wen Lambo under their wing and teamed up to get both projects growing. Partnerships such as this one are mutually beneficial to both projects, and offer investors an extra layer of interest and security.
Where is Retire Token Available?
The project has progressed quickly. Already Retire token is live and trading on Bitmart, Coinsbit and Vindax with the team's sights set on bigger exchanges in the future. The tokens are also available to purchase on PancakeSwap. With an ultra low supply of 401,000, the price is set to increase rapidly as the project expands.
To offer investors yet another layer of security, liquidity has been locked for at least the first year of the project, with the intention to extend this once the year is up. Investor safety is vital within the cryptocurrency sector, and Retire Tokens takes it very seriously.
For more information on the project, head over to the website here, or join in the conversation over on Telegram and Twitter.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.