10/08 ANDY HOFFMAN (CryptoGoldCentral.com):Third Quarter Strong Hands Report Reveals Yet Again, The Value Of Bitcoin Rhodium’s Unique In-Kind Dividend Program – That This Quarter, Has Been Doubled!
When Bitcoin Rhodium’s pioneering, in-kind dividend program – “Strong Hands” – was launched in the first quarter, there was no precedent for what its impact would have on investor behavior. But now, after three quarters, we do – and it’s decidedly positive!
For the third straight quarter, qualifying wallets (those experiencing no negative balance movements between beginning and end of quarter snapshots) INCREASED in size – meaning, on balance, essentially ALL XRC in the program was held.
Consequently, it is proven to be a FACT that essentially ALL Bitcoin Rhodium offered for sale emanates from incremental mining supply - from supply that is already scarce (a 2.1 million lifetime cap), that will become vastly scarcer when the 2022 halving reduces mine supply from 2.5 XRC to 1.25 XRC per block.
In the second quarter, qualifying wallets increased from 623,000 to 653,000 XRC – and in the third quarter, 723,000 to 739,000. Thus, given the significantly increased size of qualified wallets, clearly a significant amount of incremental mine supply is being held, too.
Overall, the 3Q yield was 1.1%, following 1.4% in the first quarter and 1.3% in the second; thus, an annualized yield of roughly 5.1%. HOWEVER, the fourth quarter Strong Hands reward is being DOUBLED, from 8,036 to 16,072 XRC. Thus, assuming the same level of (non-existent) Strong Hands selling, the 2019 Strong Hands yield will be roughly 6%.
HOWEVER, the dev team, when it announced the 4Q SH doubling, said further announcements on this front were coming. SO, if the doubling is extended, the annual yield could rise to closer to 10% - for several years if so chosen, as the program is currently scheduled to last eight years, but could easily be reduced to four years (when the late 2022 halving arrives) or less.
Overall, the Strong Hands program has been a massive success – enabling Bitcoin Rhodium to build a strong, loyal investors base as the code has been developed (MainNet turns one year old October 25th), mainstreaming initiatives completed, and two major crypto bear markets navigated.
When the crypto bull returns – and new initiatives like privacy features and the Free Market One decentralized marketplace (for BTC, LTC, XRC, and physical Precious Metals) come online next year – the Strong Hands program will have proven to be a major factor behind Bitcoin Rhodium’s upcoming, MAJOR climb up the CMC market cap rankings list.
Bitcoin Rhodium currently trades on HitBTC, Changelly, p2pb2b.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.