RFND was born as an alternative investing token based withing SLP.
It started on February 25th, with initial price of 0.18 satoshi (Bitcoin Cash satoshi), this price increased last Tuesday to 0.21 in order to compensate some commission for issuing bids on Memo.cash.
That means = 1,000,000 RFND = 210,000 satoshi = 0.0021 BCH. (0.74 USD ATM)
So far our team, has raised 4,156,200 satoshis (BCH satoshis) - around 14 USD.
This token is divided in 7 parts.
25% will go for Bitcoin Cash promotion (after the first Bitcoin Cash back)
25% will go to team's expenses. It's very little in comparison with many other blockchain projects, we have launched efficient saving strategies to cut down unnecesary and advertising costs to minimum.
50% will be distributed into 5 funds (10% of total funds raised).
We have:
1) BCH batch (10%) - if there is any unexpected market turnmoil and there won't be any profits recorded, our investors would never receive less than 3% of total cashback in BCH.
2) Bitcoin batch (10%) - This fund is designed to take advantage of Bitcoin waves.
3) Bear Batch (10%) - We also designed something completely innovating, a special fund which will protect investors from aggresive bear market moves.
4) Composite Batch I (10%) - This batch is a medium risk batch, which has low - middle and high SLP or ERC-20 holdings.
5) Composite Batch II (10%) - This batch is a high risk batch, which has middle and high risk crypto assets.
We have held Refund Cashback from February 25th to March 2nd, where every investor has been given 50% extra RFND after its purchase.
There were selected members on Memo.Cash who received free airdrop in the last days of February.
So far, estimated 23 million RFND tokens have been purchased, and there was an airdrop of over 16 million RFND.
The best performing Batch is at this moment Composite Batch II which multiplied our funds.
As a rule we are distributing during the first cashback 50% of the most profitable batch. So over 5 million satoshi will be distributed among RFND holders.
The complete breakdown, exact numbers will be closed tomorrow by 10 PM.
So far the estimated return is 0.07 Bitcoin Cash Satoshi per each RFND purchased.
The majority of investors received its 50% cashback in Refund tokens. So that means, this number goes estimated 20% per each RFND purchased (considering that airdrop).
I am not the best investor, but I consider this as a pretty good beginning for any RFND holder.
You may ask me; where did I get these profits:
From trading Honk and DIVY tokens on Altilly and Memo.cash. The details will be released also tomorrow.
The exact numbers and detailed break down of BCH per each RFND holder will be released on Monday.
Thanks for all your kind attention.