The Reliance Project : Giving the Power Back to Investors
Launched July 31st, Reliance aims to be a social media platform, similar to LinkedIn, on the Binance Smart Chain. All projects listed on their database will have their identity fully verified by the Reliance Team. The team uses a combination of methods to ensure the identity of the developer is valid. ID upload, social media verification, and a picture sent in with a “secret phrase” written on a piece of paper are a few of the required verification methods. The Reliance Team themselves is fully doxxed and actively engaged in the telegram. The platform will give investors the ability to comment, rate, and leave feedback on their favorite projects. In the future, you will be able to connect with new investors, create lasting relationships, and forge bonds in the crypto community. All projects that they verify are shared in their telegram, giving our investors priority access to fully doxxed and safe projects.
Reliance was created because the developer, like many investments during the initial bull run, was the victim of a rug pull. They saw a need in the market right away: a safer way to invest in fresh projects. Reliance Hub was founded as the solution to this problem. Reliance aspires to be a marketplace where investors can locate fresh projects from developers that have been vetted by the Reliance team.
This makes it easier to hold developers accountable and offers investors confidence in their investments. They believe that by working together, they can make BSC a safer investment environment for everyone and strengthen community trust.
Their ultimate goal is to aid in crypto adoption by addressing one of the most significant underlying issues: trust.
The tokenomics are as follows: 3% is burned, 3% is redistributed to holders, and 2% is sent to a marketing wallet. The team has yet to touch the marketing wallet, as they believe it is best to wait for a higher market cap to do so. Circulating supply is currently only around 60 million tokens, as 6 million have been burnt by the contract & 3.5 million have been manually burnt! Additionally, 20 million are locked until 2099, which is essentially a burn as well. 10 million tokens are locked for the next few months and these include tokens for staking, marketing, and team tokens. They are truly a unique token, as they have a small supply in relation to many of the new “Meme Tokens” in the BSC realm.
The end goal for the Reliance Team is an entire network of verification services to make investing truly safer for all. Their partnerships to date include:
1) Ape Audits – an in depth auditing company, that has the main goal of ensuring the entirely of the contract they are auditing is free of any errors
2) L1ght L1st Launch Platform
3)ScamsTalk AMA group: Hosts AMA’s of fully doxxed projects, with the intent to verify the intent of the project as well as the identity.
4) Gollum’s Gem’s promotional platform, which does truly honest reviews of fully doxxed projects.
This is just the beginning, and they will be partnering with many more projects in the future to create their fully verified investing network. Additionally, they will be implementing a promotional system on their website that will be completely reliable, unbotted, and credible, using the native token (Reliance). They are already in talks with big projects for partnerships, including iBNB which has 8,000 holders currently.
They are currently working on upgrading their website, and this should be completed in the next week. This will be a huge step for the team, as it will add that needed credibility and professionalism that legitimate projects need. They are also expanding their team, which will allow for more efficient and faster project development.
They are currently in a price dip as some big investors from the presale have gotten out. This is a great time to buy, as CoinGecko and CoinMarketcap should be happening any day now! This is a truly long term project with real goals, real utility, and a real mission to help fight against rug pulls and scams. They truly do want to make investing in the BSC realm safer for all. This is a project that could explode given the right circumstances and adoption of their platform.
To learn more about Reliance visit Reliancetoken.org
Twitter : https://www.twitter.com/reliancetoken
Telegram : https://t.me/RelianceBSC
Instagram : https://www.instagram.com/reliancetoken
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
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