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Mutual fund-like returns by just participating in a token presale? That’s exactly what the folks behind Climb Token Finance are promising. They call it the industry’s first-ever Exchange Tradeable Token Fund (ETTF) and it is being hailed by some as the early stages of a promising project.
In this quick review, we will have a closer look at the Climb Token presale and the buzz surrounding it. While at it, we will also try to figure whether the project, in its current form, has the potential to make it big.
Let’s start with a quick overview of the platform.
Climb Token Finance – an Overview
Climb Token Finance is a decentralized exchange (DEX) running on the Binance Smart Chain (BSC) and Pancake Swap Exchange hardfork. It’s a fully automated market maker promising users a whole range of ways to generate income from their crypto stashes.
The platform touts itself as the product of the fast-paced DeFi evolution that gives it an opportunity to build on deflationary yield farms and generate sizable returns.
Climb Token Finance has two homegrown tokens — Climb Token (CLIMB) and Mountain Token (MNTN). Both these assets are inherently deflationary, meaning that their supplies are limited and excess tokens can be removed from the market over time via different methods including token burns and buy-backs.
However, for the purpose of this article, we’ll start by mainly focusing on CLIMB, the presale, and the opportunities surrounding it.
Climb Token: Key Facts
Climb Token is a BEP-20 token with a total maximum supply of 625,000 CLIMB. It is unminable and has been already fully distributed.
250,000 CLIMB, or 40% of the net circulating supply of 625,000 tokens, are available via the Climb token presale. Of the remaining 375,000 tokens, 125,000 tokens are kept for buybacks and burns, 125,000 for ensuring liquidity on exchanges, and 125,000 for CLIMB team members.
CLIMB is an integral part of Climb Token Finance’s objective of disrupting the DeFi space with new and financially impactful innovations. Its primary objective will be to boost profitability for holders by tapping in on the professional financial strategies implemented on the broader platform.
