Retik Finance- A deep dive!

Dear Readers,

At the time of writing this article, there is a recovery in the cryptomarkets and the global crypto market cap stands at 1.61T USD, a higher over 3% from yesterday. BTC trades at 41698 USD and ETH trades at 2261 USD which are higher of 4.26% and 2.38% respectively. 

There has been wide range of articles in the internet highlighting on Retik Finance, a Defi project which is on the 7th presale stage.

If you concentrate and browse it fully- there is highly written that Retik would be a rival to the popular Ethererum-ETH, Solana- SOL, Cardano - ADA and even I could see the articles encourage to sell these established coins and to buy Retik to a spectacular good profit in the future. 

With so many articles are there in the internet, we need to get a deeper look into it. 

I am not giving any links here but you can search through google and see how many articles are there in the internet which gives much hype of Retik Finance. 

What is Retik Finance?

With the website of Retik.com- we can understand that the Retik Finance is a Defi project blockchain. It has completed 6th stage of presale and is on the 7th stage of presale is of now. At the current round it is priced at 0.09 USD. It also says that the next round it would be available at 0.1 USD.  

In its website, it would involve in futuristic Defi Debit Cards, Payment Gateway solutions with Smart Crypto technology, Peer to Peer (P2P) lending using Artificial Intelligent, establishing Defi Wallet using non custodial multi-chain wallet etc which are attractive. 

It also says that it has gone through the Certik audit and also cleared the audit. We could also see Retik Finance has scored the credit score of 73.89. 

What makes it to rethink us?

Though the projects and the audit score looks so impressive, there has been a wide round articles highlighting Retik Finance would change the crypto space and it is a rival to the crypto market leaders having the higher marketcaps ranks in the cryptos- Ethereum -ETH ( 2nd place); Solana- SOL (5th place) and Cardano-ADA (8th place) and Polygon-Matic (14th place).  Even there are articles to encourage us to sell these market leaders and to invest in Retik Finance is a matter of serious concern! 
Similarity with RenQ Finance!  
The Retik Finance is as similar to that of the promotion of RenQ Finance- which has been reported widely as a scam. Many also started to write articles on these two. Like Retik Finance, RenQ Finance has also cleared the Certik Audit and has a similar credit score- currently could see 79.38. We are not sure about the Projects of RenQ Finance. No one knows about when the testnet would be rolled out in RenQ Finance. Whatever is being raised against RenQ Finance is marked as Fear, Uncertainty and Doubt (FUD) which is a matter of concern!? Both these white papers are looks many similarity in nature- see here.  
White paper of RenQ Finance - https://renq.io/whitepaper.pdf 
White Paper of Retik Finance - https://retik.com/retik-whitepaper.pdf  
 
The Etherscan of Retik Finance shows only 8 holders.  So be careful and not to carry away with the articles which are everywhere in the internet promoting Retik Finance. Do you own analysis consult the genuine experts and don't make any hasty decisions.  We should understand that all the crypto projects are genuine and we have witnessed various crypto project scams in the past.  Beware of all of these! For earning quick money- will also be a trap, to loose everything!