7/02 ANDY HOFFMAN (CryptoGoldCentral.com): Bitcoin Rhodium – Second Quarter Strong Hands Report Validates Unique Store-Of-Value Use Case, As BRODLing Movement Strengthens
For 32 quarters, starting in the first quarter of 2019, 8,036 XRC will be distributed to wallets experiencing no negative movements from the time of the snapshot at the beginning of the quarter, through its conclusion.
In the first quarter, “BRODLers” received their first “Strong Hands” in-kind dividend of 1.43%, or 5.7% annualized – and today, we learned that the second quarter dividend is 1.29%, to be distributed shortly after the July 7th third quarter snapshot.
Again, this quarter’s snapshot is a week later than usual due to one-time grace period enabling holder to move funds following the expected Trezor firmware update that unfortunately, did not yet occur – but should this quarter, catalyzing a second grace period at the start of the third quarter.
Perusing the statistics, startling conclusions can be made of how effective the program has been – and how short-sighted miners have been to sell for micro-margins to an increasingly strong investor community, that is not only holding, but adding to their positions…especially now that, with a roughly $12 million market cap, Bitcoin Rhodium is on the verge of HUGE mainstreaming events that should dramatically improve liquidity and market exposure.
https://twitter.com/Andy_Hoffman_CG/status/1144929870151131137
There are 895,000 XRC outstanding, but that includes the 250,000 XRC Strong Hands escrow fund – which declines by 8,036 each quarter, as dividends are paid. Thus, excluding the locked Strong Hands escrow, total supply is actually 645,000. So, the 623,361 XRC eligible for the second quarter strong hands reward represented nearly 97% of the float – validating what I have said all along, that more than 95% is held tightly.
Moreover, the amount in the eligible wallets INCREASED by a whopping 30,316 XRC DURING the second quarter, consuming NEARLY ALL of the estimated mining rewards of 32,400 XRC. So, not only have I been proven to be 100% correct in my assertion that the float is very tightly held – but also, that whales control the vast majority, to the point that they added more than 30,000 XRC, or nearly 5% of the float, in the second quarter alone.
I’m not sure how much more emphatically I can state my case for why BRhodium’s unique store-of-value use case proposition is so valuable – and given it’s specific circumstances, noted above, why it should shortly be SIGNIFICANTLY revalued, relative to the entire altcoin sector. But rest assured, if ANYTHING should give you reason to consider this amazing coin NOW, it’s the powerful conclusions drawn by the second quarter Strong Hands report.
Bitcoin Rhodium currently trades on p2pbp2.io, WhiteBit, Trade Satoshi, Fat BTC, Sistemkoin 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.