Topic: Relex (RLX) - A low marketcap gem! (Read 186 times)
Truly intriguing. To be able to invest anywhere in the world without the concurrent channels of regulations and alienation, should be a welcome and successful venture.
I was one of the early investors in the project, back when tokens were held in maybe 100-105 wallets, and trading volume was $0 on some days! It is very satisfying that the project has withstood scrutiny, not only by a very skeptical investor community, but also by the Russian government from which it received an invitation to the Yalta Economic Forum in April. Some early investors also independently verified the claimed partnership with Woodfine Capital Projects; indeed, the team itself encouraged us to do so, demonstrating that they are not afraid of scrutiny or regulation. As a result, the project has started exploded, with trading volume now exceeding $100 k on some days. There has also been a string of developments (detailed in r/RelexRLX and other places) announced by the team, with promises of more to come. The CEO of woodfine will also hold a conference call with the relex community on Friday, May 11, 5 PM New York time. There is also a very active Telegram community that you can ask for more information.
When I saw the name of the token, I thought it was a project related to the entertainment or leisure industry. But the result was not.
I found that in the blockchain industry, the name of each token is really strange and it is not always consistent with the content of the project.
Of course, this does not mean that he is not good.
I found that in the blockchain industry, the name of each token is really strange and it is not always consistent with the content of the project.
Of course, this does not mean that he is not good.
This is THE sleeping giant of 2018. It's at what like a 5m marketcap right now? This token is already worth 200m.
What is Relex (RLX)?
Relex is an investment platform that uses cryptocurrency to improve traditional investments. The token is used to secure an investment through the smart contract, an aspect that guarantees repayment (through ETH dividends).
Why is this token necessary?
Relex improves traditional investment structures in a number of ways. The first is that it simplifies international investing: rather than going through an intermediary, investors can directly use RLX tokens to invest in Canada, Vietnam, the UK, or anywhere else across the world.
The team’s goal is to make investing easy. Traditional investing is often available only to accredited investors, through expensive advisors, and requires paperwork that are either in foreign languages or need an intricate knowledge of labyrinthine investment protocols.
Through Relex smart contracts, investing becomes simple: put your money into a smart contract and enjoy guaranteed returns. That right, many of these investments have guaranteed % returns, so perpetually.
Who can use this token?
Unlike many competitor tokens that have had ICOs and thus ruled out a US investment, Relex did not have an ICO.
As someone who personally believes that companies that have not yet proven their valuations of $50,000,000 should not be handed this money before doing any work, Relex choosing to not have an ICO makes me feel more confident that this company will work hard to prove its value. Too many cryptos just rake in profits from an ICO and then exit scam. Relex, which did not have an ICO, must work hard to earn its value, and it’s doing just that.
In addition, Relex has an office in New Jersey. You’ll be hard-pressed to find another [Suspicious link removed]pany that puts a United States address down; most companies flee overseas to avoid regulation, compliance, and/or prosecution after an exit scam. Relex did not: they have an office in NJ and their parent company, Squawk Advisors, is from Chicago.
Relex is also in process of receiving approval from the SEC and FINRA. Relex is CIF indexed through its parent company, Squawk Advisors, with the SEC.
What else is exciting and/or upcoming?
- Already existing partnerships with Woodfine Capital Projects (who has developed properties such as Walmart, Empire Group (developing Cocobay in Danang, Vietnam, a luxury tower with footballer Cristiano Ronaldo as spokesperson), and Nam Hai (developing Marine City). You may not have heard of these unless you’re in the real estate development world, but these are billion dollar partnerships.
- An upcoming 1:1 airdrop in which all holders will get a free Relex Health investment token, signaling their new partnership with Aura Health, a company that holds the patent to Aura Inhale (which holds a patent on inhalable Viagra) – other partnerships and patents pending
- Current exchange listings on IDEX (of which the downtime has hurt trade volume), EtherDelta/ForkDelta, Stocks.Exchange, Sistemkoin, and the newly launched Nebula Exchange
- A likely upcoming exchange listing on HitBTC
- An expansion to Vladivostok, Russia; Vladivostok Is a port city near Korea, China, and Japan. It is also known as the cryptocurrency capital of Russia, chosen as the center for two Russian government crypto agencies
- A complete rebranding: Relex is launching a new website, adopting a new logo, and launching a new platform to allow easier use of its token.
- As part of its rebranding, Relex has held a userbase driven logo contest, with the winner receiving 250,000 RLX (>$4,000), signaling the team’s dedication to its userbase
- Despite its small size, Relex has a very active community in Telegram, Discord, and a SubReddit.
- Relex currently has under a $10,000,000 marketcap despite having an enormous investment portfolio and an established parent company – the potential for growth is huge
- Relex has 2 billion tokens total and runs on the ERC-20 network.
- With FINRA approval, the coin would also launch crowdfunding, which would allow even smaller investors to make guaranteed % return investments in real estate or in healthcare
- Additional fields/expansions into other industries are expected
What are some concerns and/or points of contention?
1) Why did I write this? Well, I support this coin. I want it succeed. I do so because I believe in it for the reasons above, and more. I promote it because I think it’s legitimate, moreso than the many scams out there. I would like other people to invest in companies that are working their butts off rather than for crypto companies more concerned about an image and a lucrative ICO.
2) The partnerships seem major but they have all been independently concerned by the community
3) The current website and logo design are weak, which is partially due to not having an ICO. It’s harder for a company to focus on marketing without those millions of dollars in starting funds; however, the team has made the many above partnerships, raised the price of the coin organically due to the partnerships, and is now set for a rebrand in June. This rebrand will launch a new website, a fresh (community-designed) logo, and many of the traditional crypto trappings (probably a roadmap, whitepaper, etc.)
4) Low trading volume – this is caused by 1) a lack of knowledge about the coin due to little early stage marketing, 2) the downtime of its major trading site, IDEX, and 3) holders who are not selling their coins.
5) Regulations – these are being handled by Peter Lee, the US Director of Operations. He is a former VP at JP Morgan and works at Barclaycard in compliance. Compliance is in good hands with him.
6) About to be listed on HitBTC and an airdrop is happening at the end of May/beginning of June at 1:1 for those who hold Relex.
^TL:dr at such low marketcap, relex is a hidden gem that is worth the minimal risk.
Relex is an investment platform that uses cryptocurrency to improve traditional investments. The token is used to secure an investment through the smart contract, an aspect that guarantees repayment (through ETH dividends).
Why is this token necessary?
Relex improves traditional investment structures in a number of ways. The first is that it simplifies international investing: rather than going through an intermediary, investors can directly use RLX tokens to invest in Canada, Vietnam, the UK, or anywhere else across the world.
The team’s goal is to make investing easy. Traditional investing is often available only to accredited investors, through expensive advisors, and requires paperwork that are either in foreign languages or need an intricate knowledge of labyrinthine investment protocols.
Through Relex smart contracts, investing becomes simple: put your money into a smart contract and enjoy guaranteed returns. That right, many of these investments have guaranteed % returns, so perpetually.
Who can use this token?
Unlike many competitor tokens that have had ICOs and thus ruled out a US investment, Relex did not have an ICO.
As someone who personally believes that companies that have not yet proven their valuations of $50,000,000 should not be handed this money before doing any work, Relex choosing to not have an ICO makes me feel more confident that this company will work hard to prove its value. Too many cryptos just rake in profits from an ICO and then exit scam. Relex, which did not have an ICO, must work hard to earn its value, and it’s doing just that.
In addition, Relex has an office in New Jersey. You’ll be hard-pressed to find another [Suspicious link removed]pany that puts a United States address down; most companies flee overseas to avoid regulation, compliance, and/or prosecution after an exit scam. Relex did not: they have an office in NJ and their parent company, Squawk Advisors, is from Chicago.
Relex is also in process of receiving approval from the SEC and FINRA. Relex is CIF indexed through its parent company, Squawk Advisors, with the SEC.
What else is exciting and/or upcoming?
- Already existing partnerships with Woodfine Capital Projects (who has developed properties such as Walmart, Empire Group (developing Cocobay in Danang, Vietnam, a luxury tower with footballer Cristiano Ronaldo as spokesperson), and Nam Hai (developing Marine City). You may not have heard of these unless you’re in the real estate development world, but these are billion dollar partnerships.
- An upcoming 1:1 airdrop in which all holders will get a free Relex Health investment token, signaling their new partnership with Aura Health, a company that holds the patent to Aura Inhale (which holds a patent on inhalable Viagra) – other partnerships and patents pending
- Current exchange listings on IDEX (of which the downtime has hurt trade volume), EtherDelta/ForkDelta, Stocks.Exchange, Sistemkoin, and the newly launched Nebula Exchange
- A likely upcoming exchange listing on HitBTC
- An expansion to Vladivostok, Russia; Vladivostok Is a port city near Korea, China, and Japan. It is also known as the cryptocurrency capital of Russia, chosen as the center for two Russian government crypto agencies
- A complete rebranding: Relex is launching a new website, adopting a new logo, and launching a new platform to allow easier use of its token.
- As part of its rebranding, Relex has held a userbase driven logo contest, with the winner receiving 250,000 RLX (>$4,000), signaling the team’s dedication to its userbase
- Despite its small size, Relex has a very active community in Telegram, Discord, and a SubReddit.
- Relex currently has under a $10,000,000 marketcap despite having an enormous investment portfolio and an established parent company – the potential for growth is huge
- Relex has 2 billion tokens total and runs on the ERC-20 network.
- With FINRA approval, the coin would also launch crowdfunding, which would allow even smaller investors to make guaranteed % return investments in real estate or in healthcare
- Additional fields/expansions into other industries are expected
What are some concerns and/or points of contention?
1) Why did I write this? Well, I support this coin. I want it succeed. I do so because I believe in it for the reasons above, and more. I promote it because I think it’s legitimate, moreso than the many scams out there. I would like other people to invest in companies that are working their butts off rather than for crypto companies more concerned about an image and a lucrative ICO.
2) The partnerships seem major but they have all been independently concerned by the community
3) The current website and logo design are weak, which is partially due to not having an ICO. It’s harder for a company to focus on marketing without those millions of dollars in starting funds; however, the team has made the many above partnerships, raised the price of the coin organically due to the partnerships, and is now set for a rebrand in June. This rebrand will launch a new website, a fresh (community-designed) logo, and many of the traditional crypto trappings (probably a roadmap, whitepaper, etc.)
4) Low trading volume – this is caused by 1) a lack of knowledge about the coin due to little early stage marketing, 2) the downtime of its major trading site, IDEX, and 3) holders who are not selling their coins.
5) Regulations – these are being handled by Peter Lee, the US Director of Operations. He is a former VP at JP Morgan and works at Barclaycard in compliance. Compliance is in good hands with him.
6) About to be listed on HitBTC and an airdrop is happening at the end of May/beginning of June at 1:1 for those who hold Relex.
^TL:dr at such low marketcap, relex is a hidden gem that is worth the minimal risk.
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