There will only be 100,000 REKT Tokens in existence and each time a token is transferred 1% of the transaction is destroyed.
REKT (ticker: REKT) is a cryptocurrency token whose name plays on popular crypto slang — "rekt" is what traders say when a position gets wrecked by a sharp price move. Like most tokens, it exists as a digital asset that can be traded, held, or transferred on a blockchain. Its official home on the web is https://www.rekt-token.com/, where the team publishes updates and project details.
REKT is a token, while Bitcoin is a standalone blockchain with its own network. Tokens like REKT are typically issued on an existing blockchain, relying on that chain's infrastructure for security and transactions. Bitcoin, by contrast, was built as a fully independent payment network from day one.
As a token, REKT operates through smart contracts — self-executing code on a blockchain that records every transfer in a public ledger. Transactions are validated by the underlying network's consensus mechanism rather than by the token itself. You can always verify the contract address and technical details through the official site or a blockchain explorer.
Token supply details — such as the maximum cap, distribution between the team and community, and any burning mechanisms — are defined in the token's smart contract. These rules are fixed in code and publicly auditable, so anyone can check them rather than relying on promises. For the exact numbers, refer to the official site or the contract itself on a blockchain explorer.
Since REKT is a token, it can be stored in any crypto wallet that supports the blockchain it runs on — hardware wallets offer the strongest security, while browser and mobile wallets are more convenient for frequent use. Always double-check the official contract address before buying or receiving tokens, as fake copies of popular tokens are a common scam. Never share your private keys or seed phrase with anyone.