RematicEGC Launched To Fund The Development Of Blockchain Solutions For The Public Sector

115
RematicEGC Launched To Fund The Development Of Blockchain Solutions For The Public Sector
Advertisement
   

Rematic Tokens LLC, a software solution based in Virginia, launched its inaugural token RematicEGC ($RMTX), designed to fund the development of blockchain-based solutions within commercial and public sectors.

As per the announcement, RematicEGC is the next evolution of a reflection token based on the Binance Smart Chain (BSC). The token was created to bring crypto investors a philanthropic sustainable passive income. $RMTX is an investor-orientated token with a double reward system. This reward system is based on the transactional volume of $RMTX.

Notably, the $RMTX has a return system called reflections that functions similarly to dividends allowing holders to earn additional income from their tokens. The reflections system provides holders with reflections in Evergrow (EGC) and BUSD, allowing holders to maximize their earnings. The system works by redistributing 9% of every buy and sell transaction to $RMTX holders in EGC tokens. These tokens are automatically delivered to holders’ wallets, giving rise to BUSD. 

In addition to rewards, Rematic Tokens LLC has also created a profit-sharing system through buybacks and burns. The burn process is intended to create a scarcity of $RMTX in the first few months. According to the company, they plan to release its official profits sharing program with the public in the first quarter of 2022, giving details of how it works. Note there will be a smaller, continual smolder after that.

From the total supply of the RematicEGC tokens, 50% will be used for pre-sales, 28% will be used for liquidity, 7% for the team, and 15% will be used for the community. Apart from the 9% reward retribution, the project will also transfer 4% of every transaction into a liquidity pool for Pancakeswap to create a stable price floor and another 1% for marketing. 

Advertisement
   

Rematic Tokens LLC’s vision is to “bring a trusted, professional, and business level execution of product development and services to the cryptocurrency, commercial, and public/federal space for its clients and communities.”

Currently, the project is working on building a secure and anonymous voting platform that will provide its users with a Software as a Service (SaaS0 model. In the beginning, the model will be available on BSC but will eventually operate in a blockchain agnostic manner. The project plans to start with crypto communities and slowly grow to serve cities, local municipals, counties, and federal governments. 

Rematic Tokens LLC is also becoming an angel investor for other startup projects. The project will work with its community to provide funding for projects. Community members will vote on which projects should receive the funding.