RCOIN, the only certificate of Rfinex Ecology, has attracted much attention from the outside world since it was launched on July 4th, 2019, and has also been supported and recognized by users, investment institutions and communities. According to the White Paper, Rfinex will repurchase and destroy 50% of the revenue of sub-platforms, including trading platforms, mining power platforms, mine pool platforms, shopping malls platforms, financial derivatives platforms and aggregate payment platforms. By 20:00 (UTC+8) August 19th, 2019, platforms had repurchased 400,000 RCOINs (destroying about 200 BTCs) and we plan to destroy for one time at 18:00 (UTC+8) August 23rd, 2019.
Up to now, the cumulative release volume of RCOIN on secondary market is 17.061 million, the repurchase volume is 400,000, and the actual circulation volume is 16.661 million. In the future, RCOIN will buy back on a daily basis and disclose the destruction announcement from time to time.
Platform currency RCOIN is the precipitation of the core value of Rfinex transaction platform and one of the most deflationary currencies in the world. The platform pioneered the form of BTC mining power repurchase and destruction of platform currency. At the same time, it introduced rate of flow, maintained community and expanded consensus. Its essence is to make the total supply less and less, total circulation less and less, make position and scenario demand more and more, forming an extremely deflationary economic ecology, we believe that only the formation of a virtuous cycle of extreme deflation, can we leverage enough resources to build the platform into a global top exchange.
August 20 th ,2019