Move Over NASDAQ, The Rhea Crypto20 Index Is Here
We've all heard of the S&P 500, NASDAQ and FTSE 100, in traditional finance. These indices are based on weighted averages pertaining to particular market segments. In a interesting development, crypto index investments have started to move into the ICO sector over the past few months. I have taken the time to diligently dig through the whitepapers to present to you my pick of the bunch (thus far)..... drum roll please............ The Rhea Token and It's Crypto20 Index + Dividends.
Rhea CRYPTO20 Index
The Rhea CRYPTO20 is a weighted index of the top 20 cryptocurrencies defined by market capitalisation. Having a diverse selection of crypto indices decreases price volatility and gives the best indicators on overall market performance. Rhea will implement Options Trading on the CRYPTO20 index to give investors the ability to profit from market corrections via Call or Put Options .
Options Trading
Trading options on Rhea CRYPTO20 will enable hedging on the downside which can mitigate risk in the volatile cryptocurrency market.
Rhea (RHT) Token
The Rhea token with tikker (RHT) is ERC-20 compliant with the functionality in the Rhea dashboard for trading options, investing in cryptofunds and for dividend payments. Supply will depend on the success of the ICO with the maximum capped at 50M. 85% of (RHT) tokens will be offered during the ICO and the remaining 15% used for future liquidity of the platform. The Rhea team have made the unprecedented decision, not distribute tokens to the team, stating;
“We strongly believe in fair dealing, which is why we will not retain any tokens for the founding team”
Rhea Dividend Model
One of the most exciting aspects Rhea brings to the table for investors (missing from the competitor indices tokens) is its distributed dividend model. Rhea will distribute between 20% to 40% of profits from its trading fees to token holders quarterly. I would speculate this will be paid in (RHT) tokens based off the taken fees, but this has yet to be made official, so watch this space.
Rhea Team
Co-Founders Detelin and Georgi have backgrounds in hedge funds, trading and financial planning, extending back to their education. Vesselin (lead developer) will be the technical brains behind building the Rhea platform with his knowledge in C# and Java. Martina (design expert) & Lyubomira (marketing specialist) have done an exceptional job on the Rhea content assets, with the website, logo and whitepaper, all looking modern and professional.
Roadmap
Rhea have bookmarked a mid March 2018 release of their MVP platform. Should they hit cap during ICO, they will also be implementing a cryptofund for launch in August 2018.
Budget
Team expansion and platform development are the largest slices of the Rhea Budget, the team has also allocated 10% to holding provisions of liquidity.
Whitepaper
https://rheatoken.io/documentation/WhitePaper.pdf
Conclusion
Its a bold statement, but i'm a firm believer the crypto space will eventually triumph over traditional finance. When the big money moves into crypto, they will be looking for offerings that match the systems they just departed. The Rhea Crypto20 Index with options is exactly this and could be a major beneficiary of this transition. In turn the dividends this offering returns, could be a sizable sum for the smart few that bought in early.
Rhea ICO opens October 2nd! https://rheatoken.io/
Thanks for reading awesome peoples.
[Disclaimer: please do you own due diligence when investing and don’t solely take my point of view as the only angle. I highly recommend everybody dig through the projects bitcointalk, reddit and team linkedin profiles to help formulate your own opinion – I thank you so much for reading and wish you successful dividend returns]
Ryan Jorgensen | Stock Photographer | Blockchain Nerd
Twitter: @CryptoDividends
Website: http://jorgo.photography/
Crypto Dividends focuses on the niche blockchain business models that generate passive income without the need to sell or speculate. We seek to discover and promote the best dividend yielding cryptos.
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excellent post, well written, informative and genuinely interesting.. ! rhea looks good. although there seems to be many very similar offerings at the moment and with such a far off launch, the crypto world could look very different by then. I think that ICO's with immediate or even existing product to go are more interesting for the excitable crypto speculator. I hope they do well. I will have a delve in. thanks for the share :)
New to crypto but not securities and trading.
This is very interesting. Might be the first ICO i get in on. Nice write-up!!
My apologies to anyone who invested in the Rhea ICO. I lost money on this, but am more sad others may have invested based off this article. I want to keep this article up so we can hold evidence of this scammer team > Detelin Sertov | Georgi Kirilov | Vesselin Antonov < so these bastards can't rip anyone else off. Will be extremely conservative should i decide to get back to writing articles on ICOs
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