Remittix says it plans to burn 300 million RTX tokens when the cryptocurrency launches on November 24, 2026. The Remittix token burn would reduce the project's original supply of 1.5 billion tokens by 20%, leaving 1.2 billion.

Key Takeaways

  • The burn is planned for launch and has not yet been completed.
  • Remittix says it has raised $33 million toward a $36 million presale cap.
  • The project is testing crypto-to-bank payment routes using USDT and USDC.

Remittix token burn and presale plans

In its October 25 announcement, Remittix said RTX was available at $0.28 in its presale. It set $0.46 as the price for the final presale stage and the minimum exchange launch price.

The project said more than 40,000 participants had contributed to the presale. Those fundraising and participation figures are company claims.

Payment testing and Solana funds

Remittix says its payment service is intended to connect supported cryptocurrencies with conventional banking. Initial testing covers euro and U.S. dollar routes using USDT and USDC across Ethereum, Celo, Base and Polygon. The project says it has invited 1,000 holders to participate and plans to add 41 fiat currencies.

Separately, the Remittix announcement said J.P. Morgan Asset Management's MONY and JLTXX tokenized money market funds are available on Solana to qualified U.S. investors through Morgan Money. The two developments concern separate projects.

Next milestone

The next scheduled milestone is the November 24 launch, when Remittix plans to carry out the token burn.

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