RFND presents new Tokenomics model: 5.5 DGCSI
Refund Token is a SLP token which runs on BCH. The advantage of SLP tokens, are low transaction fees, below 0.01 USD per withdrawal or sending BCH or any SLP token, speed and high securit of this blockchain network.
Refund Token is introducing a new 5.5 DGCSI tokenomics.
What is 5.5 DGCSI?
This stands for a total period of 5.5 Decades of Gradual Circulating Supply Issuance.
That means that the last RFND will be issued by the year of 2076.
We consider that the focus of our tokenomics model is something different comparing it to most of the altcoins.
Why do you implement 5.5 DGCSI?
This model has been inspired by Bitcoin circulating supply release, but this is a new version.
This basically confirms the commitment of our team with RFND Project on the long run and will help to us with management of circulating supply issuance.
Circulating supply issuance will be subject not only to proposed limits (see table below) but it will also consider the dominant market altcoin trend.
We consider that many alt coins are releasing great percentage of circulating supply during the first years of their life cycle, which can perhaps work for some of them, but for some of them it may be not that good idea.
Will we keep on burning RFND?
We consider that burning for our token is only a short run solution, not a definite one. Therefore we burnt only 10 billion of RFND in June but we won’t keep on doing it.
How was it inspired by Bitcoin?
If you observe the chart of total circulating supply of BTC. They still haven’t reached 90% of the total supply in November 2020. Bitcoin has reached 50% of its circulating supply in 4.5 years and 80% in 10 years and 6 months. Currently there are still 2.4 million of BTC to go.
RFND will release its circulating supply of 89.98 Billion of RFND more slowly than Bitcoin itself.
But RFND is altcoin and it’s not Bitcoin?
We will be forever altcoin. We cannot ever become Bitcoin, 100% guaranteed. But we only found our inspiration in Bitcoin himself.
The slow release of Bitcoin is one of the key aspects of Bitcoin’s success in our humble opinion, noone cannot deny it, the dominance of BTC has been hovering between 40-90% in the last 5 years.
The 5.5 DGCSI will go according this table of limits:
This table has established maximum limits per each year.
However it will be flexible.
What do you mean by flexible limits?
For example our max limit by the year of 2025 will be a total supply of 47 billion of RFND. However if there were a strong bear market during that year, RFND Investment would start to slow down the circulating supply issuance speed or in some certain circumstances we may even stop RFND issuance for some weeks or even use buy back scheme.
For that year, our limit is to issue 5 billion of RFND tokens. In this case we would perhaps issue only 2 billion of tokens. On the other hand if the market were very bullish in 2028, we may increase the scheduled supply for that year to 4 billion of RFND instead of 3.2 billion scheduled RFND tokens.
Why the year 2076?
We decided for this number because we want to make RFND a successful Project which will last at least 55.55 years. That means if you are 30 years old, and you start your investment today, there will be be circulating RFND until you are 85.5 years old.
Today a lot of citizens are facing a big trouble, the total loss of partial reduction of their pension. This is not any forecast , this is already happening in some countries. Some authors predict that more than 80% of world population may become poor after this strong crisis.
Therefore we wanted to do something about this and also give a new solution to people who want to receive other sources of passive income on the long run.
Reduction of Inflation in case of RFND
Our rewards system from the beginning was based to payout in Bitcoin Cash (BCH). As we are delivering the profits back, we call it Bitcoin Cashback.
RFND will introduce in January 2021 a new staking site, which will keep on paying monthly Bitcoin Cash rewards. This staking site will be innovative, considering the following factors:
Amount of RFND held.
Staking Period
Subsequent Deposits
Initial Price of RFND at the beginning of the period
Variable interest rate base don Trading performance of RFND.
Fixed interest rate base don initial price of RFND.
Date of deposit
As we won’t be using RFND for staking rewards, we will eliminate the factor related to inflation coming from staking itself.
The wages of RFND team have been partially paid out not only in RFND but also in other cryptocurrency, mostly in BCH, SLP tokens, Doge and ETH.
Rewards For Marketing Purposes
Currently in our Telegram Group we tip in other SLP tokens, so we procure to eliminate excessive issuance of circulating supply for marketing and social media promotion. One part is paid out in RFND but we also use our SLP reserves. We use these tokens: DV, Zapt, Rnew, Sweet, Sour and others.
For more information visit: rfndinvestment.com
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