RFND investment would like to share a short review with all of you, on our ongoing efforts corresponding to the last bimonthly period from May 10th to July 9th of this year.
Refund Token (RFND) emerged as a new alternative for dividend payout.
Refund Token = RFND is a SLP token, which is linked to Bitcoin Cash (BCH).
When an investor buys RFND on memo.cash on: https://memo.cash/token/2f400ec19a8893beab8b005adca8b348062eb92bd0a549371aaa7f060459d85c?for-sale, we receive Bitcoin Cash (BCH), that BCH is invested into 5 funds from low to high risk. Every 2 months we pay 50% of profit of the fund which got the best profit after we rest expenses and taxes, that's how we get the dividend.
To learn more about RFND, please check this video where everything is perfectly explained.
https://www.uptrennd.com/post-detail/refund-token~NTEzOTEx
In the following charts you can see the evolution of:
A) RFND’s total investments
B) RFND’s total trading profits
C) RFND’s dividend in BCH
Regarding to RFND dividend, we paid 2 dividends during this bi-monthly period:
1) Renewable cash airdropped 1,000,000 RNEW to all RFND holders. At the lowest official price of RNEW it would correspond to 1.2 BCH as total. However remember that Rnew had recently bull run from 120 sat to over 300 satoshi, so if any RFND holder still keeps RNEW, he/she might have gotten a benefit of over 150% resulting from RNEW appreciation.
Note: 1 BCH = 100,000,000 satosh (236 USD) i, 0.01 BCH (2.38 USD) = 1,000,000 satoshi
2) Second dividend on July 9th corresponding to 1.4355 BCH.
To calculate corresponding dividend, we summed all the value of all trading assets of each batch. And formulated income statements according to Generally Accepted Accounting Principles.
Income stands for all the profits made from trading (it doesn’t include investments or equity).
Expenses are composed from:
Payroll, Advertising, Promotion and Marketing expenses, Fees, expenses on infrastructure, etc.
We have a general rule that no more than 50% of all income can be spent. We also created reserves for immediate expenses in July (team’s payroll), website launch, graphic designer, etc.
Finally after taxes we reached net profit, where our leading fund Composite Batch II has obtained 2.871 BCH, so 50% of this fund – 1.4355 BCH was paid to every holder with a minimum balance of 50,000 RFND. (0.12 USD)
RFND price evolution:
The official price of RFND is based on the following formula:
Total value of trading assets/ Total circulating supply X Factor.
The factor will increase by 10% per each 550 million RFND issued to circulating supply.
RFND investment started with the initial price of 0.18 sat on February 25th, it moved to the price to 0.50 sat on May 9th.
You can check how the RFND price evolved during the last two months in the following chart:
PROFITABILITY
The total price increase from February 25th to July 9th is around 500%. We record every 2-3 days the update of price based on our trading assets valuation. If the value of our trading asssets increases, so does our price and it applies for the opposite case.
The key stone of a RFND token market place on memo.cash is our official price, however there will be always people selling above or below this price; which is adapted to their individual needs.
The percentual yield of both dividend payouts (the first on July 1st of total amount of 1.2 BCH, and the second on July 9th for 1.4355 BCH), all together is 2.6355 represents 0.1497 satoshi per each RFND, which goes from 13% to 27%, depending on the purchasing price of RFND that has been recorded during this period (which went from 0.55 sat to 1.13 sat).
If you compare the total amount of dividend payout, we reached almost 900% increase in comparison with the last dividend from May 9th, it went from 0.269 to 2.6355 BCH.
The incorporation of strict accounting rules and performing more investments for our project’s immediate needs also makes our project more sustainable on the long run in order to enhance our efficiency.
BALANCE SHEET
This balance sheet is a portrait of our current financial situation. We are distringuished by very low rate of leverage around 1.4% and strong building of reserves.
RESERVES
We would like to point the fact that the value of our total reserves corresponds to 50 BCH (over 11,800 USD), that means there is a ratio of 1:3
Each BCH of trading asset is backed up by 3 BCH corresponding to current valuation of Reserves.
OUR EFFORTS
Our team has managed to do the following:
1) We created a deflationary token: 10 billion RFND have been burnt. So the total circulating supply shrank from 99.99 Billion to 89,98 Billion RFND. Another wave of burning of 10 billion additional tokens is foreseen for this Q3.
2) We created Faucet where we have airdropped RFND and DV tokens.
3) We also created a very efficient team of blockchain enthusiasts who started support me in different tasks of RFND who improved efficiency of our project. I am very grateful for Samurai’s, Chad’s, Cryptobro’s and Mayur’s help. These guys are my savers.
We run educational trivias corresponding to BCH and SLP tokens, where winners are awarded by RFND per each correct question; we have also our social media outreach group and we procure to answer doubts of our beloved community.
If you would like to become part of our Telegram Group, please check this article:
https://www.uptrennd.com/post-detail/refund-groups-explained~NTMzMDAy
4) We have been working on changing our new logo, brand presence and also our website which will be launched very soon.
5) We have built strong PR and alliances with other projects such as Renewable Cash, Divvy Token and counted with a big support on behalf of many brave Uptrenndians, whose help was enormous to boost our project.
We have airdropped 140 million RFND to RNEW community. And also contributed with 10 million RFND to their Blitz Faucet.
6) RFND has also become a verified SLP token and can be stored on Zapit wallet which implies a great innovation for our SLP community.
7) We will work on a full automation of dividend payment and KYC verification which is scheduled for Q4 of this year.
8) We have reached a new partnership with Divvy token as well where our community will get DV token airdrop as a benefit.
We are very grateful for all the support on behalf of our RFND community, our team members, highly skilled assessors, graphic and web designers, economist, cryptobloggers, traders. Thank you so much because thanks to your support this project has become already a success.
Sources:
https://memo.cash/token/2f400ec19a8893beab8b005adca8b348062eb92bd0a549371aaa7f060459d85c?for-sale
https://www.uptrennd.com/post-detail/refund-token~NTEzOTEx
https://www.uptrennd.com/post-detail/refund-groups-explained~NTMzMDAy
rfnd is really doing it. im glad i joined rfnd. however, i am new to read.cash. i hope to make it far here