Redemption Token price

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

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.