12/03 ANDY HOFFMAN (CryptoGoldCentral.com): BRhodium’s "Strong Hands" program and “Crypto Trinity” Philosophy
This morning, I discussed the major, extremely bullish project updates BRhodium’s development team provided – in preparation for launches on the Bisq decentralized trading platform this month, and a major crypto exchange in the first quarter.
In it, I noted how BTR is the ONLY cryptocurrency (Bitcoin included) with a Wall Street-centric focus on investment value - which is exactly why I have such confidence in it, I have no regrets about selling my Bitcoin; which, I might add, I fully intend to re-enter in the future.
Amongst the updates, two in particular need to be addressed further, given how incredibly bullish they are - the first being the “Strong Hands” program, making BRhodium the first altcoin to offer a consistent “crypto-dividend” stream; in the form of BTR rewards for wallets in which no negative balance movements occur over a full year period – in a program initially targeted for eight years.
Again, the proceeds for these rewards will be allocated depending on how many investors “BRODLed” throughout the year – with higher rewards when more people sell, and lower rewards when fewer people sell (which of course is the more favorable outcome, as presumably the price has risen).
Strong Hands program - Hold & Get Rewarded
Bitcoin Rhodium is introducing a new feature that will reinforce its use case: reward proactive holders and stimulate new investment. Through the Strong Hands program, you can earn a reward of between 0.5% and 30% on your BTR holdings every year.
How to participate
All BTR holders can participate and their wallet addresses will be included automatically. Thus, no specific actions need to be taken by the users to enroll in the program. An automatic snapshot of the individual balances will take place at the beginning and the end of every 12-month cycle. Rewards will be then automatically transferred to the addresses that managed to avoid any negative balance movement.
Who is eligible
Every year, rewards will be disbursed among the addresses, which will successfully complete the 12-month cycle without any negative movement on their accounts (any outgoing transfer from the respective wallet automatically disqualifies its holder for the reward). Individual users may decide to transfer a portion of their BTR holdings to a newly created BTR wallet, set up for the purpose of holding.
Timing
Over the span of 8 years, rewards will be disbursed every year within a window of 2 weeks between the end of one cycle and the beginning of the next. The first cycle #1 will be launched by an automatic snapshot on 01/01/2019.
Funding
The rewards will be covered from the 257,143 BTR (out of 840,000 BTR) unclaimed during the two airdrops. The 210,000 pre-mined BTR (dedicated to marketing and project development) is excluded from the program and hence will not be subject to any of the Strong Hands program rewards.
ROI
Every year a specific portion of the 257,143 BTR unclaimed BTR will be assigned to fund rewards to successful holders within that cycle. The proportion of this amount is calculated based on the anticipated growth rate of BTR’s value, as well as the anticipated supply growth. ROI will be calculated for every individual cycle based on the number of successful participants. Hence every year, successful holders are guaranteed at least 0,5% ROI in the event of all BTR supply being held successfully. On the other hand, maximum ROI is capped at 30% rate to prevent concentration of coins.
To that end, please make sure that if you have a significant BRhodium balance, you create a SECOND BTR WALLET before year-end to store some in – as on January 1st, a snapshot will be taken of all BTR wallets. Thus, whether you intend to sell a little or a lot – or otherwise, are forced to – you’ll at least have one wallet with no negative movements.
Next, the “Crypto Trinity” philosophy – in which BTR’s dev team recognizes an “allegiance” between the ONLY cryptocurrencies with perceived monetary value; i.e, Bitcoin and Litecoin…
The Crypto Trinity
Bitcoin Rhodium was introduced to a market environment that lacked the appeal for investors looking for a long-term investment in crypto securities. Ever since BTR has met every objective to effectively fulfil this role, one that no single cryptocurrency has managed to subsume so far.
BTR’s inherent qualities naturally discern it from the plethora of altcoins available on the market that lack any viable use case. But more importantly, they are the bases to a natural convergence with Bitcoin and Litecoin. The three coins (BTR, BTC, LTC) form an efficient ecosystem that can facilitate users/investors with different needs and preferences.
Where LTC has traditionally provided its users with primarily transactional properties and BTC still fails to find its appeal for traditional investors, BTR emerges as the natural complement to meet the demand for long-term security investments, investment diversification, a coin that is tightly held and transparent towards its users. For these reasons BTR represents the final piece of the puzzle, the Crypto Trinity, whose efficient co-existence satisfies the complete spectrum of investors and their diverse needs.
In numerous articles, I have referred to BTR’s top “comps” being BGold and BDiamond – which are extremely low bars, given how little I respect these essentially worthless Bitcoin clones…which in my view, are ONLY owned because their algorithms don’t compete with Bitcoin, ABC, and SV. However, I am now considering that Litecoin may be BRhodium’s best comp, though I believe BTR to be superior for numerous reasons. All Litecoin has “going for it,” in my view, is its longevity – as from a store-of-value perspective, I find it to be barely better than BGold and BDiamond.
Yes, I understand it will take time for BRhodium’s hash rate and following to rise to the level of Litecoin. However, it could be a lot faster than one expects, given its superior monetary properties and the fact that what made Litecoin so “special” – the centralized leader Charlie Lee – is no longer a selling point, now that he sold his Litecoin. Just another consideration, as we rapidly approach BRhodium’s exchange launches in the coming weeks and months.
If you have any questions about BRhodium, or BTR OTC trading, please email me at [email protected].