Rikkei Finance is a Vietnamese DeFi business led by a group of industry specialists who are developing a blockchain lending platform. They are leveraging decentralized technology to reinvent classic concepts including lending, credit, and even insurance.

The platform use blockchain technology that enables cross-chain integration, which means it can receive digital assets from any blockchain network and render them at an identical rate, making it a real-time currency exchange network as well.

What is Rikkei Finance?

Rikkei.Finance is a revolutionary DeFi platform with a unique Open Lending System:

• Cross-chain compatibility
• NFTs collateralization
• Liquidation coverage.

It utilizes blockchain technology that enables cross-chain integration, which means it can receive digital assets from any blockchain network and display them at the same rate, transforming them into a real-time currency exchange network.

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Outstanding Features

What is the project trying to achieve?

The cryptocurrency and digital blockchain lending market has matured into a robust ecosystem of investors, speculators, and speculators swapping hundreds of blockchain assets. However, the current platforms are not geared to meet market demand.

To begin, these protocols only permit one-chain transactions involving various crypto assets that reside on different blockchains. You cannot join in the Binance ecosystem with your ETH and vice versa.

Second, present interest rate models are insufficiently successful in accounting for the cost of borrowing during periods of low use as well as the cost of capital during periods of high utilization.

Third, the sorts of collateral offered by present lending systems are severely limited to stable coins and blockchain-based tokens.

Finally, in today’s blockchain ecosystem, users are vulnerable to asset liquidation at any time, with no liquidation coverage in place to protect them.

Rikkei Finance aims to resolve these problems in four essential areas:

• Cross-chain
• Interest rate model
• Asset collateral
• Liquidity coverage

What are unique selling points?

Under the Rikkei Finance planet, there are 5 main zones:

• Sport & Recreation Center
• Farming Zone
• NFT Marketplace
• RiWork and Governance
• DAO & Lending

All will eventually support the development of Rikkei Finance’s core product – Lending

Sport & Recreation Center

RIFI United is a metaverse football NFT game, where you can satisfy your passion for the football field and earn a lot of money by becoming the manager of a football club, owning lands, players, staff, stadium and lots of different items, from the regular to the legendary NFTs.

RU is the first product in the Rikkei Finance ecosystem and its main priority is to build a healthy community and enable the NFT lending features for the Rikkei Finance Lending protocol.

Farming Zone

A variety of investing methods is available for our users, including LP Farming, NFT Farming and Boost Farming.

• LP Farming allows users to stake LP tokens and earn rewards with GREAT APY. It aims to increase TVL, price of LP token and price of RIFI eventually.
• NFT Farming enables users to stake NFT and earn sweet APY. No lock period. The earlier you stake, the higher APY you will get.
• Boost Farming offers special APY for dual RIFI and NFT staking.

All farming vaults are audited and ready to launch.

NFT Marketplace

RiWork

Market Analysis was created to assure the transparency of the Rikkei Finance Lending Protocol’s asset selection process as well as the system’s long-term viability. Before being officially included in the loan pool, assets will be examined and graded based on numerous liquidity measures, then further analyzed and submitted into the voting section.

Token Index aims to keep the community up to date with all the latest information and insights about the top coins.

Governance, DAO & Lending

• Rikkei Finance DAO: RIFI holders could become a member of Rikkei Finance DAO to vote on the project’s policy.
• Rikkei Finance Lending Protocol – A Safe and Secure Open Lending System by solving 4 major flaws of current lending protocol.

Cross-chain Support

Current lending protocols provide limited support for one-chain transactions involving various crypto assets based on distinct blockchains.

Rikkei Finance uses wrapped tokens to enable no-limit cross-chain transactions. Users have the ability to lend and borrow any digital asset, regardless of its blockchain.

Effective interest rate model

The current interest rate models are ineffective, making borrowing more expensive during periods of low borrowing demand.

Rikkei Finance has implemented a new interest rate model. Our interest rate model considers the cost of borrowing during periods of low use as well as the cost of capital during periods of high utilization, which provides numerous benefits to the market and investors.

A variety of collateral types

The collateral types supported by contemporary lending systems are primarily stable coins and blockchain-based tokens. But, the collateral types supported by the Rikkei Finance platform are not limited.

Based on their asset evaluation system, users can choose which assets can be utilized as collateral. Aside from stablecoins and blockchain-based tokens, users can use their NFT assets as collateral for a loan or lend to other users using their non-fungible tokens.

Liquidation Coverage

In the blockchain ecosystem, insurance is mostly confined to smart contract coverage. Users are vulnerable to asset liquidation at any time, with no liquidation coverage to protect them.

Rikkei Finance encourages worry-free user experiences by allowing users to purchase liquidation coverage for their vaults.

Roadmap

RIFI Farming Vault to go live on 20 Dec 2021

There are a number of vaults available under the Rikkei Finance Farming zone for our users to invest in and make significant profits. The first farming vault will be ready on December 20th, allowing users can engage in the farming process by staking RIFI or RIFI/BUSD LP tokens in exchange for tokens from Rikkei Finance’s partners. This will shield RIFI against inflation while also maintaining a diverse portfolio of assets in users’ pockets.

Most importantly, there will be no lock period, which means you can stake or unstake at any time, and rewards will be distributed block by block. When claiming your reward, the vesting period is one month, and the APY is decided by the number of people who join the vault.

Market Analysis

Market Analysis will be available towards the end of December 2021. This is a sub-product of the RiWork zone within the Rikkei Finance system. Its goal is to ensure that only the most liquid assets are allocated to the pool, hence reducing the possibility of market manipulation.

RIFI Lending Testnet and Campaign Bug Bounty

At the beginning of January 2022, RIFI Lending Testnet and Campaign Bug Bounty will be launched.

RIFI Lending Mainnet

At the end of January 2022, RIFI Lending Mainnet will be launched after Testnet, available on BSC. The first five types of collateral will be introduced.

In February 2022, RIFI Lending will go live on Ethereum.

RIFI Vault

In March 2022, multiple types of RIFI Vault will be opened. RIFI Lending will support Polygon. They will introduce additional 5 collateral tokens.

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Technical Data

Key Metrics

• Token Name: Rikkei Finance
• Ticker: RIFI
• Blockchain: Binance Smart Chain
• Contract:
  • ETH: 0xc8ef1460277ea47d179dec66d1c5f8b7f7ae5a28
  • BSC: 0xe17fbdf671f3cce0f354cacbd27e03f4245a3ffe
• Token Type: Governance
• Total Supply: 500,000,000 RIFI
• Circulating Supply: 21,010,000 RIFI

Token Allocation

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Usage of Fund Raised

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Token Sale

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IDO on RedKite launchpad

• Token type: BEP20
• Price per token: $0.1 per RIFI
• Vesting schedule: 20% released at TGE, 3 months cliff, then unlock 20% quarterly
• Network for IDO: BSC
• Accepted currency for IDO: BUSD

Schedule

• IDO’s buying time (Phase 2 — FCFS): 12:00 PM UTC — 12:15 PM UTC
• Community pool’s buying time: 12:15 PM UTC — 12:30 PM UTC
• Listing time: 01:00 PM UTC
• Claiming time: 01:30 PM UTC

IEO on Huobi Primelist

• Sale period: 10:00 AM UTC to 12:20 PM UTC December 7, 2021
• Trading time: 01:00 PM UTC, December 7, 2021.
• Sale volume: 5.000.000 RIFI (1% of total supply)
• Price per token: $0.1 per RIFI
• $RIFI will be listed on Houbi in the Ethereum network

Participation process:

From 10 AM UTC to 11 AM UTC December 7, 2021: eligible users can register to participate in this event.

From 11 AM UTC to 12:20 PM UTC December 7, 2021: 5,000 lucky users among all participants will be randomly selected to qualify for the purchase and allocation of 50 USDT worth of RIFI each.

Token Release Schedule

Allocation	Allocation Rate	Token Release Schedule
Strategic Sale	4%	0% released at TGE, 5 months cliff then linear vesting block by block over the next 10 months
Private Sale	11%	0% released at TGE, 3 months cliff then unlock 25% every 3 months
Influencer Sale	0.8%	20% released after 1 month from TGE, then linear vesting block by block over the next 6 months
Public Sale	0.4%	20% released at TGE, 3 months cliff, then unlock 20% quarterly
Team & Advisor	12%	0% released at TGE, 1-year cliff, then unlock 25% every 3 months
Ecosystem	8%	25% released at TGE, then linear vesting block by block over the next 60 months
Foundation	25%	0% released at TGE, 3 months cliff, then linear vesting block by block over the next 60 months
Liquidity Mining	30%	0% released at TGE, 3 months cliff, then linear vesting block by block over the next 60 months
Marketing	8.8%	30% released at TGE, then vesting block by block over the next 2 years

Token Use Case

The RIFI token, Rikkei Finance’s native utility token, will play an important part in the operation of the Rikkei Finance ecosystem. The RIFI token is expected to have several functions:

Payment

Users would utilize RIFI as the platform’s native currency to pay for all platform costs as well as insurance payments/premiums.

Gorvernance

Holders of RIFI would be able to submit, debate, and vote on governance proposals that would establish features and/or parameters of the Rikkei Finance platform, as well as protocol enhancements, with voting weight computed in proportion to the tokens staked.

Reward

Liquidity providers will be paid with RIFI tokens based on each user’s relative contribution after different adjustment and correction parameters in order to encourage users (lenders) to perform the role of liquidity providers and stake their digital assets into lending pools for borrowers to use.

Similarly, in order to encourage borrowers with liquidity needs to use the platform, borrowers would get RIFI benefits for using the lending pools’ services.

Markets and Community

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Backers

Rikkeisoft is one of Vietnam’s biggest IT firms, having evolved from a small team of 12 engineers to over 1200 developers scattered across multiple countries. RiFi’s activities are supported by the company through finance, developers, and legal counsel, which strengthens RiFi’s services and solidifies the company’s position in the market.

Rikkeisoft has a track record of backing firms that go on to achieve market success. Oraichain is one such company, which Rikkeisoft assisted with both financial and technical knowledge, resulting in a relationship that has now expanded Oraichain’s services in the industry.

PolkaFoundry is another significant firm funded by Rikkeisoft. PolkaFoundry was able to benefit from Rikkeisoft’s broad network and considerable experience thanks to their strategic cooperation.

RiFi’s co-founders have a plethora of experience from their time at Rikkeisoft. Their professional experience explains why they were able to discover the knowledge and financial gap in the open-lending sector, which they are now bridging with RiFi.

Bringing this knowledge and skills to the development of RiFi promises a bright future. Behind the organization is an exceptional team of industry specialists from all backgrounds who are talented in many fields.

Team

Dang Thai Hoa (CEO)

Hoa is a seasoned DeFi expert with years of experience inventing and consulting on a variety of initiatives. He has a thorough understanding of the blockchain space and his interest in making open lending more accessible and delivering financial independence to as many people as possible. He holds a B.S. from Ritsumeikan University and is a co-founder of Rikkeisoft.

Hoa is the CEO of Rikkei Finance, where he develops strategies and leads innovation on the best methods to transform the decentralized finance field, bridge the education gap, and democratize community access.

Vu Thanh Tung (CTO)

Tung is the Chief Technology Officer, and he is in charge of all aspects of the company’s technology. He has a track record of success in the information technology and services industries. Tung formerly served as Rikkeisoft’s CTO, where he oversaw the information technology department and helped the company grow.

He uses his technological skills to ensure that all products and services are suitably optimized for the marketplace and the interests of consumers.

He holds a Ph.D. in Computer Science from Nanyang Technological University and is an information technology professional.

Dang Bao Duc (CFO)

Rikkei Finance’s Chief Financial Officer is Duc. He is in charge of the company’s finances and ensures that all accounts are in order. Duc is a former quantitative researcher at Singapore’s Keebeck Alpha Nanyang Technological University.

He has worked on and advised on a wide range of projects and products. His expertise is bolstered by his quality years of experience assisting businesses in getting their finances in order and rapidly developing their services. Duc has a natural proclivity for development, which he continually strives for across teams.

He is deeply committed to developing a long-term loan protocol. This is also what motivates him to stay focused on RiFi’s business model and build RiFi’s protocol with high-standard risk management, which improves user experience and encourages more participation.

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Advisors

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Investors

Rikkei has successfully raised $5.6M for strategic and private rounds, with a current valuation of $40M. The team is backed by notable investors such as Signum Capital, HyperChain Capital, Kyber Network, PNYX Ventures, X21 Digital, LD Capital, Tomochain, etc

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Alternative Projects

Celsius Network

Celsius Network is a blockchain-based borrowing and lending platform that allows users to leverage cryptocurrency to borrow U.S. dollars. Those looking for cash loans exceeding $5,000 can use their Bitcoin, Ethereum, Litecoin, or Ripple tokens as collateral. The company’s loans start at 5% APR, and a borrower receives their crypto back upon making the final payment.   

Forbes named Celsius Network a “Blockchain Company to Watch For in 2018.” In addition, Celsius Network will manage the Sustainable Development Goals Impact Fund within the United Nations’ Sustainable Goals Initiative. 

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BlockFi

BlockFi is a lending platform that uses crypto as collateral. Need to repair your home, buy a car or just want to go on vacation? Borrowers can receive 12-month cash loans by leveraging their Ether, Litecoin or Bitcoin.  

BlockFi recently received $52.5 million in funding from Galaxy Digital Ventures and famous crypto investor Mike Novogratz in order to expand its lending capabilities.

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FIC

FIC uses blockchain to help broker-dealers invest in bonds. The blockchain-powered platform uses smart contracts to facilitate instant settlement, eliminate delays and standardize the bond-issuance process. The ledger ecosystem also includes investors, issuers, rating agencies, and brokers, so all parties can have transparent insight into each bond. 

FIC issued the first digital corporate bond on blockchain in November 2018. Used as a small test before FIC expands its services, Capstone Intelligent Solutions agreed to issue a one-year, U.S. dollar-denominated private placement on the blockchain.

Conclusion

Rikkei Finance is a DeFi initiative from Vietnam with a team of experts creating the blockchain lending platform. They use decentralized technology to improve traditional concepts like lending, credit, and even insurance. They successfully raised $5.6 million from well-known blockchain venture capitalists.

The platform uses blockchain technology to facilitate cross-chain integration, which means it can accept numerous digital assets from one network and show them at an equivalent value, transforming it into a transaction network Real-time currency translation.

For instance, we can use ETH in the BSC environment and vice versa. However, many other factors, such as their implementation, commitment, and so on, must be examined more closely.

Find out more about Rikkei Finance

Website: https://rikkei.finance/

Twitter: https://twitter.com/RikkeiFinance

Facebook: https://www.facebook.com/RikkeiFinance

Telegram:

• Telegram Announcement: https://t.me/RikkeiFinance_official
• Telegram: https://t.me/rikkeifinance

Medium: https://medium.com/rikkeifinance

LinkedIn: https://www.linkedin.com/company/rikkei-finance

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

KAZ

Coincu Ventures