REUTERS ANNOUNCEMENT HERE
BOUNTY | FACEBOOK | TWITTER | INSTAGRAM | WEBSITE | WHITEPAPER
RICONA COIN (RCA)
Witness a New Era of Cryptocurrency Lending with "MultiCryptoCurrency Switching Technology"
Bounty Thread is Live Here
https://bitcointalk.org/index.php?topic=2862315
WHAT IS RICONA COIN?
Ricona Coin is a REVOLUTION in peer to peer decentralized transactions with ability to lend Or trade in multi Cryptocurrencies (Not only in USD). Currently, all of the lending platforms work on Fiat Lending System to deliver returns based on Dollar value but at Ricona, we aim to deliver return in initial cryptocurrency of the user (even ONE STEP FURTHER of that, keep exploring).
For example, if a user chose to lend his bitcoin Or ethereum & get interest in the same cryptocurrency (with a lock in period of say 90 days), he will get his daily interest (in the initial crypto) PLUS the increased value of the currency during that tenure (which could have been 2x Or 10x in 90 days). This way, he does NOT ONLY earn interest on %age value appreciation of the invested crypto BUT would also multiply his return with the growth of the coin. This unique concept has been unseen (or may be avoided for obvious reasons) by all lending platforms yet but it has an ability to change the Crypto lending game forever.
WHAT MAKES RCA DIFFERENT FROM OTHERS
We are a Challenge for lending platforms, with our Unique "Multi CryptoCurrency Switching" technology which allow users to Earn Daily Interest for their desired Crypto Currency with an ability to Switch their Initial crypto currency whenever they want. For example, if a user Lends his Bitcoin (with weekly return of say 5%) and he notices that Ethereum has given 7% return for the same period, then he can switch his Primary Lending Currency from Bitcoin to Ethereum (or Vice versa). The "Switched Over Currency" would also include his previous 5% (Or whatever) return as well. Our Smart Currency Converter would Exchange your Currency on the fly at competitive market prices.(minimum 1 Week lock-in required for First Switching and 2 weeks thereafter)
WE ARE PIONEER IN OFFERING 50:50 SCHEME
We will now be selling only half of the number of coins, the other half will be distributed as a bonus among the investor at a 1:1 ratio. So, if an investor purchases 100 RCA during our ICO, another 100 RCA will be awarded to them as a bonus. But the bonus coins will be locked for lending only. In simple terms, any investor who buys 100 coins will receive 200 coins in total. Of which, the bonus 100 coins will automatically be locked by the system and entered into our lending plan, kick starting the daily income for the user after lending starts on our platform. The other 100 RCA can be used for trading, selling or multi-currency exchange once our internal exchange opens
DAILY INTEREST PAYMENT ALONG WITH EARLY WITHDRAWAL OPTION
Investors will now receive DAILY interest on their investments instead of the WEEKLY interest as per the earlier plan. They will also have the freedom to withdraw their interests daily or reinvest it with us to maximize their benefits utilizing our compounding interest feature. The interest component would be paid in the user's basic (Lent) currency. For example, if a user has lent BTC, he will get paid his interest in BTC and if he switches his currency to some other one, he would then get paid in his new currency. Users also have the option to withdraw any portion of their interest (half, one-third or any other percentage) and reinvest the remaining portion into the lending plan. This interest plan also applies to the interest earned on the locked coins (bonus) after a month (30-day) time period from the start of their lending plan.
HOSTED STAKING OPTION TO BE ADDED SOON
We are going to add Hosted Staking as an additional option OR a complete replacement of Lending Program based on the community voting just after the ICO ends. Apart from that, We have added Buyback Option, Anti-Dumping Policy, Anytime Funds Withdrawal and Unsold coins burning after the ICO ends. Complete details can be seen at : https://www.ricona.io/latestnews.php
MAXIMUM SUPPLY (Hardcap) OF 28 MILLION COINS
MAXIMUM Supply of just 28 Million Ricona Coins from which Only 4.55 Million are on Sale PLUS 4.55 Million would be distributed FREE under 1:1 Bonus Sceme (so just 9.1 Million RCA Coins Available during ICO period). The 50% Free Bonus coins would be Locked for Staking/Lending Purpose to kick start the daily income for the user after staking/lending starts on our platform.
USE CASE OF RICONA (RCA) COINS
Apart from the personal use, like sending money to family or friends OR paying for goods/services online, RCA coins can also be used by merchants/traders/other businesses as a secure and decentralized mode of payment just like bitcoin with complete security and privacy. Also, investors can buy RCA coins to trade for profit Or as an asset for future appreciation. Once its demand surpasses the supply, the cost of RCA coins would sky rocket due to limited supply (just like Bitcoin)
MINING POOL/BLOCK EXPLORER
Soon to be operational once ICO finishes. (as per Roadmap)
at http://www.ricona.info
RCA COIN SPECIFICATIONS
Name: Ricona
Symbol: RCA
MaximumSupply: 28 Million
ICOSupply: 9.1 Million (Only 4.55 Million on Sale)
DecimalPlaces: 8
Algorithm: SCRYPT (POW/POS)
MiningPool: YES (as per roadmap)
CoinBaseMaturity: 60 Blocks
BlockReward: 24 RCA
PriceStarts: $0.69
WALLETS
LTC and BTC Wallets are Active Now
RCA Web Wallet Also Active Now
Android and iOS Wallet available as per Roadmap
Official Website https://www.Ricona.io
Official Whitepaper https://www.ricona.io/Ricona-Whitepaper.pdf
INITIAL COIN OFFERING
COMMUNICATION CHANNELS
Facebook https://www.facebook.com/RiconaOfficial
Twitter https://twitter.com/RiconaOfficial
Instagram https://www.instagram.com/RiconaOfficial
Email [email protected]
To Your Success
Ricona Team