Relex (RLX) is planning an airdrop that rewards holders with a new token at a 1:1 ratio, so doubling whatever you already have. This is not something like a 50 free tokens. If you have 50,000, you'll get 50,000.
Relex is an investment platform. Their current investment channels include partnerships with major real estate development groups like Woodfine Capital, Cocobay Danang, and Marine Bay.
This new token, the Relex Health token, will be used to invest in healthcare innovations. Relex is partnering with Aura Inhale, the company that made inhalable Viagra, to launch this investment platform. Pharmaceuticals is a huge industry with tons of growth potential.
The new token will be given to anyone holding RLX in a wallet like MEW (not on an exchange). No specific date has been announced yet, but the team has said it'll happen sometime in May or June.
Previous airdrops like this have always seen a crazy run-up in price the days right before the airdrop occurs. Now is a good time to get in early before the price explodes.
Thoughts on this or other major free airdrops?
I want to know about what their purpose of this airdrop, to get adoption from society or just for fun ?
Relex (RLX) hasn't been listed in coinmarketcap, Relex official twitter only has 950 followers and their thread announcement in this forum has only a few pages
I think promotion of this project is bad, at least they must register tokens in market cap if they want to get a new user through this airdrop because it can make potential buyers easier in finding markets that provide their tokens
Great questions. The project is relatively new, so they have been building from the ground up. Also, the team elected to not do an ICO -- they want to be within regulations, and the SEC has been hinting that do ICOs will be treated as securities. The team has Peter Lee, who worked at JP Morgan Chase as a VP and now Barclays in anti-fraud, running their compliance department. Sticking with regulations is very important to them.
The team applied for CMC a few days ago. Relex should be listed there very soon.
RLX is a real estate investment platform. RLX Health is a healthcare investment platform, each under the umbrella of Relex. The second token is specifically for capital investments in healthcare. They are currently partnered with Aura Inhale, the company that made inhalable Viagra.
With these investments, investors will be able to make ROIs paid back in Ether over the lifetime of the investment.
I visited the company in person myself as they weren't far from my home in NJ. They're legit and their plans for the future are massive.
Join the Telegram if you have any questions, we have a really active community and the team comes around, too.
https://t.me/relex_core