RFND on the way to total convertibility

Refund Token (RFND) on the way to total convertibility

I realized that people need crypto conversions related to their fiat.

I will be honest; conversions of cryptocurrencies to ETH and BTC are often confusing even for me.

All the crypto trading may be very confusing for newbies as it was for me at the beginning.

So I started to do current conversion into national fiats of our holders.

Here comes the confession:

Not many crypto projects like to confess their lows but I will share them with all of you.

Refund Token = RFND is correlated to Bitcoin Cash.

When I started with RFND Project, in the first 2 weeks there was a fixed price:

1 RFND = 0.18 satoshi of Bitcoin Cash.

All the satoshi stuff was a bit confusing at least for me at the beginning.

Remember this: 1 Bitcoin Cash and even Bitcoin = 100,000,000 satoshi

• 0.01 BCH = 1,000,000 satoshi

Here comes the confession:

When I began on February 25th, 1 american dollar was around 1,800,000 RFND.

1 USD  on March 12th RFND went to 3,400,000 RFND because Bitcoin dropped 60% vs USD dollar.

Today 1 USD is around 312,200 RFND, yesterday 1 USD was around 317,000 RFND.

It’s because Bitcoin Cash increased by 5 dollars in 1 day.

I made a table  where I convert top cryptos, national fiat and other cryptos such as 1UP into RFND.

For example you need around 3 billion RFND to buy 1 Bitcoin, and 76.3 million RFND to buy Ethereum.

I included fiat of countries according to the origin of our holders;

USD is a universal currency.

However, as our British refundians are the most dominant holders' community  RFND, they also want to know the conversion to British pound. Today we broke the barrier of 400,000 RFND. Yesterday with 1 pound you could buy 403 million RFND, today 396.5 million.

As we have a very strong Nigerian community, I think in Nairas as well:

Yesterday it was 818 RFND per Naira, today it’s 805 RFND per Naira, vs 8,500 RFND per Naira on March 12th.

I did the conversion for Euro, Philippines peso, and Rupees – Pakistani Rupee, India Rupee, Indonesia Rupee.  And of our course I didn’t forget our 1UP – today it’s 1,423 RFND per 1UP. These numbers can be changing within minutes because everything is changing very fast in crypto market.

BCH isn't like a boring euro, which stands in 1.15 USD per euro for many days; it's quite volatile crypto which goes up and down by higher percentage.

I also included other SLP tokens. One of the most used SLP token is called Honk. We were paying up to 5 RFND per Honk, today we pay only 0.29 RFND per Honk.

So I am pretty happy with these results.  This is a conversion of the official exchange rate which is 1.4 sat, however you can find on memo.cash token market even cheaper RFND starting from 1.2 sat.

We reached a strong, continuous bull run, however we have to get ready for a possible bear market as well which may start in August.

We plan to include new changes for all the RFND’s ecosystem as of September, and also go for exchange listing forecasted for 2021.

Something to remember: Exchange listing will totally release our official rate and the price will be subject to market demand and supply. 

We cannot speculate about any future increase or drop because it will be the market which will determine the price.

I wrote this article based onn our past records, there is no financial advice intended.