Two days ago, I wrote of “endless near-term price catalysts” in Bitcoin Rhodium’s future. One of which, is the next “Strong Hands” wallet snapshot July 7th.
Each quarter, 1/32 of the 250,000 XRC Strong Hands escrow is paid to XRC addresses where no negative balance movements occur, as a reward for “BRODLing.” The second quarter of the program – which yielded 5.7% annually in its first quarter – is coming to an end; and balances as of July 7th will be rewarded with the next Strong Hands reward a quarter hence.
Normally, the snapshot would be July 1st, but the devs incorporated a seven-day “grace period” to move balances without penalty, between July 1st and 7th, in anticipation of Trezor’s firmware update. It hasn’t happened yet – but if it does next quarter, there will presumably be another grace period in early October. Either way, if you were considering a position in Bitcoin Rhodium – particularly, a big one, yielding big Strong Hands dividends - the best time to acquire it is just before a quarterly Strong Hands snapshot; in this case, July 7th.
That said, we learned this morning of an additional near-term catalyst, per the rare announcement XRC’s founder and Lead Dev, “Henry,” made on Discord; i.e., that a “Huge Announcement” is coming within four to six weeks - accompanied by moon rockets and a “Strong Buy” meme.
https://twitter.com/Andy_Hoffman_CG/status/1144929870151131137
- Andy_Hoffman_CG
I am quite confident it has to do with a major exchange listing – as it has been the devs’ TOP PRIORITY since being informed last month by coinmarketcap.com that to enable its market cap ranking, it must be listed on one of 22 CMC-endorsed exchanges. I may be wrong - but even if so, “huge announcements” with rockets and Strong Buy memes tend to be not just good, but GREAT.
So, if you have been considering a new position, or adding to an old one, I’m not sure what more motivation you now need!
Bitcoin Rhodium currently trades on p2pbp2.io, WhiteBit, Trade Satoshi, Fat BTC, Sistemkoin and Bisq. If you have questions about anything XRC-related, including OTC trading, please email me at ahoffman@cryptogoldcentral.com, or DM/PM me on Twitter or Discord.