The famous cryptocurrency exchange, Binance announced Renzo as the next project on their Binance Launchpool staking platform. Till April 30 you can gain Renzo (REZ) tokens by holding up the BNB or the FDUSD stablecoin. You can withdraw the coin staked at any time and keep the REZ token rewards.
The time to earn REZ on Binance Launch Pool is between April 24 and April 29. Binance also plans to provide 2.5% of the total REZ token supply to its users. This resembles 250 million REZ tokens out of a total supply of 10 billion tokens.
Fascinated with investing in REZ? We will help you out. We have done the research for you. Find out everything you need to know about REZ including the future price prediction, buying options, steps, and credibility.
What is REZ and How does it work?
REZ aims to provide an easy-to-use interface to the loop ecosystem. It would be used by ETH holders to get higher yields compared to simply holding up ETH. Users can deposit REZ tokens to receive an equivalent amount of ETH tokens. 85% of the rewards obtained will be distributed to BNB stakes, while the FDUSD stakers will receive 15%.
Anyway, this doesn’t mean that you will earn more REZ if you stake BNB rather than the stablecoin. It is all based on how big the stake is relative to the size of the complete staking pool.
Token Name: REZ
Market Cap: $2777.9797
24 hour trading volume: $331.0429
Key Features of REZ:
- Binance is providing “seed tag” to REZ, which is used to label crypto projects which are in the first stage of development. The purpose of the Seed Tag is to let users know that the cryptocurrency might be more resilient and riskier compared to most other cryptos listed on the exchange.
- The Renzo protocol uses smart contracts and operator nodes in order to notify and identify the holders with the best risk-to-reward ratio on behalf of its users.
- Binance will be listing this token for trading on the Binance exchange. The token will be available at the market on April 30 at 12:00 UTC in trading pairs against BTC, USDT, TRY, and BNB.
- As a distribution plan, out of the total REZ token supply, Binance Launchpool will be getting 2.5%.
Price Prediction of Rez
Price predictions are based on multiple parameters like Renzo protocol’s market cap, volume, and a few more. If you are looking forward to investing in digital cryptocurrencies and want a good return on the investments, make sure to go through the predictions as well:
| Year | Minimum Price Prediction | Maximum Price Prediction |
| 2024 | $0.01325 | $0.05698 |
| 2025 | $0.06751 | $0.08585 |
| 2026 | $0.18348 | $0.97334 |
| 2027 | $0.991154 | $2.05432 |
| 2028 | $0.09765 | $5.42921 |
| 2029 | $4.20004 | $5.49233 |
| 2030 | $4.22134 | $6.53211 |
Where can you buy Rez?
Binance is a centralised exchange where you can buy REZ and several other cryptocurrencies including Ethereum.
How to buy Rez?
Before you can use the Binance Platform, there is a need to open your account and verify your identification. You can register via the Binance App or sign up on the website using your email and mobile number. For a beginner, this is the easiest option to purchase REZ.
Step 1: Choose to buy REZ with the USD page on Binance.
Step 2: Select REZ from the dropdown menu.
Step 3: You can choose “Card” as the payment method, and click the “confirm” option.
Step 4: A dialogue box will appear, “Add New Card ” if you have not previously purchased crypto in Binance using a debit card and credit card.
Step 5: If the dialogue box appears, “Add New Card” enter the details and click “Confirm”
Step 6: On the payment confirmation page, authenticate and verify the data and confirm the order within the provided time. Use ‘refresh’ for a new quote.
Step 7: Click ‘confirm’ to place your order.
Step 8: You will be redirected to the bank’s OTP transaction page. Follow the rules and instructions to check on the payment.
Step 9: Once it is verified, the coins will appear in your spot Wallet.
Once the account is ready, there is a need for some BNB or FDUSD tokens to stake. If someone has these tokens with them. They can deposit some to their Binance account. Moreover, Binance offers plenty of ways to purchase them with crypto or fiat.
Is Rez a credible investment?
In the period of six days to the implementation, users can stake BNB exchange tokens and the stablecoin FDUSD in separate pools to gain REZ. The new automatic business features improve the experience for Binance’s spot exchange customers, which offers them a big control in purchasing, market dynamics monitoring, and position closing.
Self-operating trading tools could handle large amounts of market data and execute orders quickly. It is better to keep in mind that only users who complete an identity verification process with Binance can participate in REZ token farming on Binance Launchpool.
Cryptocurrency investments are subjected to market fluctuations. We advise you to conduct thorough research before investing.
After analysing various quantitative technical indicators. REX appears to be a credible investment option.
More Articles: BlastUP(BLP) Price Prediction 2024-2030, Where To Buy, Is It A Good Investment?
