Redemption Token

## What Is Redemption Token (RDTN)?

Redemption Token is a Utility and Governance token in a DAO-structured De-Fi project named as Redemption DAO.
The project actually has three parts. 

Staking 
Lottery 
Redemption Bonds (Unique on-chain Puttable bonds using ERC-3475 standard)

Staking, Lottery and token itself is built on BSC, whereas the Bonds will be based in Ethereum Chain. 

Redemption DAO is a “community-owned income generation De-Fi project” where token holders contribute their funds to a collectively owned and governed treasury that manages and invests the pooled funds to generate profits and distribute them among RDTN holders. Redemption DAO will manage a MultiSig treasury to handle all the policy and financial matters of the project. 

Redemption token is a Utility token used as: 

Governance token giving you proportional rights in decision making and the income dividends of DAO
Participate in Redemption Lottery to win huge prizes
Participate in Redemption Staking pools to strengthen the protocol and increase your Redemption holdings
Token trading 


#### What Makes Redemption DAO Unique?

One of the offerings of the project is “Redemption Bonds”. Based on ERC-3475 standard, Redemption Bonds are Puttable Bonds with on-chain meta-data storage that provide investors with huge income potential and chances to win Prizes. If kept till maturity these bonds will also offer lucrative profit rates. With added puttable functionality, Bonds can be redeemed at any time at their Face value.


### Who Are the Founders of the Redemption Project?

Redemption Project is the brain child of Affan Ahmad who has extensive experience in IT and digital marketing services. He has been involved with blockchain projects for over a year now.


### How is the Redemption Network Secured?

RDTN is a BEP-20 token on the Binance Smart Chain. RDTN will soon be audited & KYC'ed by Cyberscope. In an interview, the Redemption team stated that it chose Binance Smart Chain because of its lower costs, faster confirmations, and greater chain bandwidth.
BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.

Decentralized Bonds, Staking & Lottery By Redemption DAO

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Bullish Search Bar Banner

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Robinhood Homepage Lithuania (BSA)

Radix Homepage AD (30th-6th Aug 2024)

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