Rand announces the launch of its utility token, RND


Share post:

Rand, a Spanish-based FinTech company, has announced the upcoming launch of its utility token, RND, which aims to revolutionize the way Europeans save and create long-term wealth.

The token can be issued once Rand’s growth reaches a year, with a remarkable monthly growth rate of 19% users and more than 4 million euros in managed assets, backed by a 6.5 million euro investment. Founded in 2022, Rand is registered with the Bank of Spain (D697), operates in collaboration Pecunia Cards, and aims to become one of the most relevant savings platforms in Europe in the near future. Present in 24 countries and over 20,000 customers.

The RND token will be launched through BitMart, Uniswap, and Bit2Me platforms, commencing on November 21 and 29, respectively.

Its goal is to end this year with more than 40,000 registered users and reach 120,000 users by 2024. The company has assembled a team of experts from companies such as PwC, Facebook, Google, Goldman Sachs, and Deutsche Bank to achieve this vision.

Pol Martín, founder and CEO, explains that “Rand seeks to provide high-yield savings, paving the way for a more prosperous financial future. With our exclusive technology and esteemed registration as a custodian and crypto asset exchange recognized by the Bank of Spain, we are establishing our prominent presence as a groundbreaking project in the financial industry.”

The RND token will be the exchange currency in Europe’s first tokenized subscription system available from November 23rd, providing benefits to holders, crucial for accessing Rand ProRand Pro transforms monthly subscriptions into a value exchange. The maximum number of tokens to be created or available for use on the network is 200 billion.

Also Read: The Future of Payments: Key Trends to Watch for 2024

The token serves as the key to obtaining Rand Pro membership, allowing users to acquire “Pro” status and enjoy all the associated benefits. For example, users can obtain RND tokens for free within the app through actions that contribute to improving, strengthening, or expanding the Rand ecosystem. Some of the activities that result in the generation of tokens are transferring payroll to Rand’s current account or keeping a balance of over €500 for a minimum of 15 days in the Earn account.

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


Please enter your comment!
Please enter your name here


Related articles

TerraPay Announces Strategic Partnership with Small World Money Transfer

TerraPay, a global cross-border payments network, is proud to announce a strategic partnership with Small World Money Transfer, a...

Nuvei Introduces Card Issuing Solution

Nuvei Corporation, the Canadian fintech company, announces today that it has launched its card issuing solution in 30...

Flexible Plan Introduces The Quantified Global Fund

Flexible Plan Investments, Ltd. (FPI), a leading provider of dynamic, risk-managed investment solutions with over $1.5 billion in assets under...

Yieldstreet’s Acquisition of Cadre Marks a Milestone in Private Market Alternative Investing

Yieldstreet, a prominent private market investment platform, has confirmed its acquisition of Cadre, an online real estate investment...