Refund Token (RFND) has given its first Bitcoin Cash back to its holders

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Avatar for Cryptovato1
4 years ago

I’ve always had a dream to create my cryptocurrency token. So I created it finally.

But my idea is different, to create a token which will deliver its holders added value and protect their investment for any current market scenario – Altcoin wave, Bitcoin wave and Bear wave as well.

Today, we are constantly bombed with really ugly news:

  • Covid19 scares millions of people across the world: mainly in China, Italy and Iran.

  • Stock exchanges are plunging. For example today it wasn’t good day for stocks at all.

  • Most of the cryptos are going down as well.

But besides this drama, I’ve created something really very bullish, a Refund token (RFND).


In the video, there is explained how RFND works.


I, Cryptovato1, declared the following:

  • Refund cash back for the early investors from February 25 th to March 2nd, where investors during this clearance drop, were getting 50% extra of RFND. For example if you bought 1,000,000 RFND, you were given 500,000 RFND more.

  • Refund token (RFND) has been sold at the initial price of 0.18 BCH satoshi.

  • We managed to raise 4, 228,200 Bitcoin Satoshi as a total. I  expected more because I thought at the beginning   that I would raise over 10 million satoshi but it wasn’t that case. But I expected much lower profits because it's my first time to do this project.

  • And I also stated, that I was going to provide Bitcoin Cash back by March 9th to every RFND holder. By RFND holder, I mean every holder who has SLP address and even the person who got RFND for free – during the phase of selective airdrop.

 

I provide here a table, how this investment was distributed.

 

I basically divided it into 7 different concepts:

1. BCH and SLP promotion – 25%

2. Team expenses (includes payroll, commissions and taxes) – 25%

3. 5 Different batches (funds) - 10% each.

Every batch has been created with different purpose, in order to protect investor’s funds.

 

We created the following:

1) BCH batch – to protect investors funds in BCH (crypto used for purchase). Let’s suppose that all batches would record losses, investors would get 50% of this fund.

2) Bitcoin batch – the raised BCH is invested in BTC, to take advantage of Bitcoin waves.

3) Bear wave batch – this is one solution that considers bear market moves and maximizes profits in BCH.

4) Composite Batch I – special portfolio investment dedicated to medium risk investments.

5) Composite Batch II – special selected portfolio investment dedicated to medium and high risk investment.

 From the table, you can notice, that the leading winner in terms of profit was Composite batch II, I submit the details of investment. This batch had earnings of 1,194% in 13 days.

That means that I converted 422,820 in 5,046,000 BCH satoshi.  Remember that 1 BCH has 100,000,000 satoshi, so 5,046,000 = 0.0504 BCH.



This has been done by the means of trading of Divvy  and Honk tokens. As a first step I converted 180,000 satoshi into 2,000,000 Divvy token and I sold them for 900,000 Satoshi the first day, which is equal to 400% profit the same day. Then I converted this 0.009 BCH into Honk. I was able to trade Honk tokens on Memo.cash and on Altilly. I wasn’t able to withdraw Honk tokens from Altilly, this option has been enabled until recently but I was able to trade between both platforms because I had already some Honk tokens.

 Basically I was buying for a lower price and selling for a higher price.

 Even if I wasn’t able to raise much BCH as I  was planning too, 11 investors trusted me, and I was able to multiply 0.042 BCH into 0.13 BCH. 

 The Bitcoin Cash back will be distributed as follows to the following SLP accounts.

Yesterday I decided to double this giveaway from 50% of the leading fund to 100%, this is a very special promotion only for this first Bitcoin Cash back.

 

I am giving 0.1237 satoshi per each Refund. 

But check out the magic of RFND investment:

If someone bought 1,000,000 RFND for 180,000 sat. He got 500,000 sat in the clearance wave for free. So he/she got 1,500,000 for 180,000 sat. That person is getting back 185,000 sat. That means you didn’t only spend those 180,000 but you earned 5,000 sat more and you still hold these RFND which you can sell later on if you want.

 So as you can see, this is a very profitable SLP token.

 By March 3rd, we increased the value of RFND token to 0.21 sat. And as of March 10th, due to its high profitability RFND price is increasing 0.27 satoshi.

 If any person sell these RFND cheaper or higher, that’s the dynamic of free market and we will respect it but our next bids will go for the price of 0.27 for the next two weeks.

 The values of the funds after this first Bitcoin Cash back giveaway will be adjusted as follow, with the resting funds we will distribute them among these 7 concepts as follows:

Now some of you may ask a valid question, and what about the founder – that guy @Cryptovato1 what he is getting from this:

 

Only 0.02 BCH minus taxes, commissions – that would be around 0.01 BCH. Only 2.7 USD?

 

Perhaps it’s little but I am learning with this a lot, and I got an interesting know-how on how to expand my crypto portfolio. I also feel obligated to record every transaction.

 

 And I also will giveaway certain amount of funds for BCH and SLP  promotion on Uptrennd.

 

 This promotion will be held for a limited number of users on Uptrennd, who will be getting BCH satoshi, Honk and RFND tokens. We estimate this giveway for the early days of April or late days of March.

 

If any person is interested in obtaining RFND tokens, the only requirement is to have an account on memo.cash and buy them in the section of Tokens. 

 

After this very early Beta version of RFND there will be several adjustments to be done.

I will inform them during this week. The next Bitcoin Cash Back will be held on May 9th, 2020, 50% of the leading batch will be distributed among the holders.

 

I want to emphasize that I don’t commit myself to any % gains, I will only guarantee to any RFND holder a minimum amount of 50% BCH batch (that would be 387,000 sat ATM) divided among all RFND holders, and if we are lucky and constant enough we will be able to distribute nice profit again.

 

 I appreciate all the support to members of Memo.cash, Honk and Divvy teams and Uptrennd's community as well, it wouldn’t be possible without you to make this profitable dream to happen.

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4 years ago

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Perfect ,

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