RENA/ITS Offer Deflationary Upside on Rebalancer Burn Policy

Crypto Trending

(NEW YORK)–As the DAO governance token for RenaSwap, Iteration Syndicate (CRYPTO: ITS) may be play to watch based on its rebalancer burn policy.

RenaSwap (CRYPTO: RENA)is a one-sided automated market maker-based decentralized token swap protocol which utilizes token wrappers, buy-only liquidity pairs, and circulating asset flows to amplify volume for all tokens integrated with RenaSwap.

The protocol taps into the numerous capital flows moving through interoperating DEXs and share a percentage of those flows with ETH/RENA liquidity providers, while also burning away some ITS tokens to burn wallet on each rebalance.

RenaSwap is currently integrating Olympus (CRYPTO: OHM) for a wrapped OHM/RENA pairing, and will also be uploading the DOGE-1 Space Tokens to the RenaSwap ecosystem shortly.

RENA/ITS are both deflationary coins and both get burned through the rebalancer, while ITS gives you proposal and voting power for the project ecosystem.

ITS currently has 46,869 tokens in circulation, and could see a dramatic decrease in coming weeks as RenaSwap projects go live and begin to burn away RENA and ITS tokens. https://rena.finance/


Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Trader Madness (“Trader Madness”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. In Compliance with SEC Rule 17B Trader Madness was not compensated for this media alert. Trader Madness, or its affiliates, may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial adviser before any and all investments.

Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

High Risk
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial adviser before making any and all investment decisions when investing in these type of securities