Rhea: Creating a clear synergy between the financial world and Crypto
About Rhea
Rhea is a company that is centered around an options trading platform called Rhea Crypto20 - a capitalized weighted index of the top 20 cryptographic. The higher the market limit of a specific cryptocurrence, the greater its weight in the index.
The Crypto20 platform aims to introduce the aspects of coverage and speculation in the universe of cryptography, encapsulating what Rhea seems to value as the best in the world of finance and the world of cryptography.
Why Rhea tokens are Unique.
Rhea is a crypto-equity hybrid token. A holder of the Rhea Crypto20 token, will be able to use this token in multiple ways like hedging, speculating and investing in the cryptocurrency market without holding any individual currency.
Rhea token will be used on there platform to buy and sell options or provide market liquidity for extra return. Rhea token will provide a quarterly dividend to all token holders and market participants.
Rhea Token
The Rhea token is ERC-20 compliant meaning it will run on the Ethereum blockchain, and will require ‘gas’ for transactions. Rhea tokens are the means by which options trading will be executed on the platform, Cryptofund investments will be made and the dividend will be paid out. The maximum supply of Rhea will never be more than 50 million tokens. Its price will be pegged at 0.001 ETH, with discounts available for different time periods. The Rhea token will be used to buy and sell options on the platform or provide market liquidity for extra return.
Benefits for holding a Rhea token
- Options trading on the Crypto20 platform.
- Dividend payment that will derive from transaction fees on the Crypto20 platform. Depending on the tier reached in a document called “Dividend Incentive Scheme” in Rhea’s whitepaper, a pre-set percentage of the collected fees will be distributed among token holders once every 3 months, proportional to the amount each token holder holds.
- Cryptofund investing – if the ICO is successful, the Rhea platform will feature a cryptocurrency hedge fund called the Rhea Cryptofund.
Advantages of holding Rhea tokens
Trading Options on the Crypto20 Platform: By retaining the Rhea tokens, the user can operate and invest in the services provided by the platform.
Dividend Payment: Dividends at Rhea Company will be distributed to each chip holder according to the number of property chips.
Investment in Cryptofund: If ICO is successful, the Rhea platform will show funds to protect the cryptographic value called Rhea Cryptofund.
Transparency and Accountability
They value transparency above all. Currently cryptomarkets are unregulated and ICOs are not obliged to provide any accountability or performance results to their investors. Although in the cryptocurrency world such regulations still do not exist, we still choose to integrate them in the core of our company by providing token holders multiple ways of tracking your performance through our accountability systems such as daily transaction volume on the entire platform and complete capital allocation breakdown.
Structure of Dividends
Dividend payments will be financed by the transaction fees of the options trades. After launching the main platform, Team Rhea Token also plans to pay quarterly dividends to all chip holders. The dividend payment rate will range between 20% and 40%, and once established will maintain perpetuity.
ICO Details
The sale of chips will begin on October 2 and end on October 30, 2017
Distribution of chips: 85% will be offered to investors 15% will be used for the provision of liquidity and the long-term reserve
Token Sales:
Price: 1RHT = 0.0008145 ETH
Platform: Ethereum
Minimum investment: 0.1 ETH
Supply of tokens: 50 million tokens
Currency accepted for the token sale: ETH
The whole process of selling chips will be divided into 5 rounds, each round will have a different discount factor.
Investors will be able to buy 42,500,000 chips from the total offer of 50,000,000. Each Rhea token will be priced 0.000814 ETH or $ 0.25. In case the ICO does not reach 100% of the required funds, the supply of the tokens will be reduced permanently accordingly.
Team
Detflin Sertov: Co-Founder
Georgi Kirilov: Co-founder
Vesselin Antonov: Chief Developer
Martina chikova: Desaign Expert
Lyubomra Naneva: Marketing Specialist
Links of interest
Website: www.rheatoken.io/
Blog: medium.com/@rheatoken
Whitepaper: www.rheatoken.io/documentation/WhitePaper.pdf
Forum: bitcointalk.org/index.php?topic=2152262.0
Facebook: www.facebook.com/rheatoken
Twitter: twitter.com/rheatoken
Linkedin: www.linkedin.com/company/18222946/
Telegram: t.me/rheatoken
Email: [email protected]
By Bitcointalk user: Lordglorius
Profile: https://bitcointalk.org/index.php?action=profile;u=712690
Myetherwallet: 0x8a36E269eaB6CC7d5ADF7823790F9aC1Ab5F2a54
I'm a little late getting here, but thanks for the best explanation I've found on rhea coins, as well as useful links. Sorry its too late to usefully upvote.