Rekt Brands to Launch REKT Token on Ethereum Blockchain, Offering Rewards to Rektguy NFT Holders and Drank Points Earners

Rekt Brands is excited to announce the launch of its token, REKT, happening this Friday at 5 AM ET. If you’ve earned Drank Points by buying Rekt Drinks sparkling water or by joining the drink brand’s rewards campaign, you can claim the token. Rektguy NFT holders are also eligible.

This token has a total supply of 420.69 trillion tokens and will be launched on the Ethereum blockchain. That’s a big number!

Here’s how the supply breaks down: 63.5% is set aside for the community. 24.3% is earmarked for the token generation event (TGE) and the airdrop happening this Friday. The remaining 39.2% will go towards future community initiatives to help grow the Rekt Brands ecosystem.

Once it launches, you can trade REKT, known as “REKTCOIN,” on Gate.io in select jurisdictions. In other markets, it will trade under the ticker REKT. This launch marks a significant step for Rekt Brands after the recent introduction of Rekt Drinks.

Co-founder Ovie Faruq shared his excitement about welcoming many new users into the Rekt ecosystem through Rekt Drinks. He said, “From our sales, 50% were fiat purchases, and only 50% of people claimed DRANK points. That tells me a lot of people just wanted to buy the drinks, but there’s a huge onboarding opportunity here.”

Earlier this month, Rekt Brands sold out its initial supply of 222,000 “Liquidated Lime” flavored Rekt Drinks in less than 48 hours. That’s impressive!

Rekt Brands originated from the Rektguy community, a profile picture NFT project that aligns with Faruq’s other artworks. Rektguys were created and minted for free on the Ethereum blockchain back in May 2022.