Key Takeaways
- • Remittix plans to burn 300 million RTX tokens at launch, removing 20% of its original 1.5 billion supply and reducing it to 1.2 billion, ahead of a scheduled November 24, 2026 market debut (per GlobeNewswire press release).
- • Remittix has raised $33 million from more than 40,000 participants toward a $36 million hard cap, with RTX priced at $0.28 in presale versus a $0.46 announced final presale and minimum exchange launch price.
- • J.P. Morgan Asset Management made its MONY and JLTXX tokenized money market funds available on Solana to qualified U.S. investors via Morgan Money.
- • The JPMorgan announcement is presented in the source as an institutional adoption datapoint for bullish Solana price forecasts; the source is a paid promotional press release, not independent reporting.
Summary
Remittix, a self-described PayFi project connecting supported cryptocurrencies with conventional banking, announced plans to burn 300 million RTX tokens at launch, according to a GlobeNewswire press release dated October 25, 2026. The burn would remove 20% of the project's original 1.5 billion token supply, leaving 1.2 billion tokens, as the project approaches its scheduled November 24, 2026 market debut. The release states that Remittix has raised $33 million from more than 40,000 participants toward a $36 million hard cap, leaving approximately $3 million before the cap is reached. RTX is currently available at $0.28 in presale, against an announced $0.46 final presale stage and minimum exchange launch price, which the release characterizes as a roughly 64% scheduled price increase. These figures are company-stated and have not been independently verified.
The release outlines several product components. Remittix plans to add 41 fiat currencies to its PayFi offering; initial testing supports EUR and USD routes using USDT and USDC across Ethereum, Celo, Base and Polygon, with 1,000 community holders invited. The ecosystem also includes an iOS wallet with more than 10,000 downloads, Remittix Markets, which the company says has processed over $50 million in perpetual trading volume, and Remittix Earn, for which a 100-person testing program targeting 18–22% APY with weekly payouts is being prepared.
The release pairs these announcements with news that J.P. Morgan Asset Management has made its MONY and JLTXX tokenized money market funds available on Solana to qualified U.S. investors, with eligible clients able to access them through Morgan Money. The company frames this as a concrete institutional development relevant to bullish Solana price predictions around $300. That framing is the promoter's interpretation; the release does not connect the JPMorgan launch to any Remittix product or partnership, and the Solana price scenario is speculative. Investors should weigh the company-issued claims accordingly, as the release itself carries a disclaimer that it is not investment advice and that the content is provided by Remittix.
The release outlines several product components. Remittix plans to add 41 fiat currencies to its PayFi offering; initial testing supports EUR and USD routes using USDT and USDC across Ethereum, Celo, Base and Polygon, with 1,000 community holders invited. The ecosystem also includes an iOS wallet with more than 10,000 downloads, Remittix Markets, which the company says has processed over $50 million in perpetual trading volume, and Remittix Earn, for which a 100-person testing program targeting 18–22% APY with weekly payouts is being prepared.
The release pairs these announcements with news that J.P. Morgan Asset Management has made its MONY and JLTXX tokenized money market funds available on Solana to qualified U.S. investors, with eligible clients able to access them through Morgan Money. The company frames this as a concrete institutional development relevant to bullish Solana price predictions around $300. That framing is the promoter's interpretation; the release does not connect the JPMorgan launch to any Remittix product or partnership, and the Solana price scenario is speculative. Investors should weigh the company-issued claims accordingly, as the release itself carries a disclaimer that it is not investment advice and that the content is provided by Remittix.
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