5/11 ANDY HOFFMAN (CryptoGoldCentral.com):The Store-of-Value “Crypto Trinity” – Bitcoin, Litecoin, and BRhodium
When BRhodium’s anonymous developers launched the Strong Hands in-kind dividend program in December, they simultaneously announced the “Crypto Trinity” philosophy they hoped the crypto community would gravitate towards. That is, a store-of-value trinity of Bitcoin, Litecoin, and BRhodium – each, with different traits, but all with a common theme of store-of-value.
BRhodium is much newer than Litecoin, with a MainNet that launched just seven months ago. However, its store-of-value proposition is as strong as any in crypto – having, unlike Bitcoin and Litecoin, been created SOLELY with the purpose of serving this niche.
This is why it was created with such scarcity – with a lifetime cap of 2.1 million (that will take 100 years to reach); a current “circulating supply” closer to 550,000; the first in-kind dividend in crypto; and distribution via an airdrop to BTC holders – favoring the wealthiest holders, given the 10:1 XRC/BTC airdrop ratio.
Litecoin’s value has at times risen to 3% of Bitcoin, but most of its eight-year history has been around 1% - like today, at 1.3%. In BRhodium’s case, it’s uncertain what ratio it might gravitate towards – but ultimately, it will find a similar equilibrium, in my very strong view.
It’s hash rate has rapidly risen since public code release, Trezor acceptance, CMC listing, and FatBTC listing (China) in just the last six weeks. So, in my view, it has reached the point of self-sustainability and decentralization, that should enable this “peg” to quickly form – likely, at a lot closer to 1% of a bitcoin than the current 0.37%.
The reason I feel so strongly, aside from the amazing people involved in it, is how favorably it’s use case compares to “competitors” with MUCH higher market caps – in my view, simply due to being around longer. Especially in a massive bull market environment, I expect this gap to quickly close.
BRhodium currently trades on p2pbp2.io, Trade Satoshi, Fat BTC and Bisq. If you have questions about anything XRC-related, including OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.