Disclaimer
Expect changes to everything you see in this article. The Rice idea is only 1 week old if you are reading this document far into the future there is a good chance many things have changed.
What is RICE
RICE token is a free rebate token. When a person rents HIVE power they can receive free rice tokens. To claim free RICE tokens a person has to meet one of the 3 requirements.
- TEAMPH member with over 100,000 staked TEAMPH tokens.
- Filipino
- Foreigners residing permanently in the Philippines
All RICE is backed by HIVE tokens at a rate of 10,000 RICE = 1 HIVE. The max supply is 100B and will mostly be distributed as staked RICE.
- Permanent HP Delegation Based On Total Staked RICE
- 10,000 = .5 HP this is the minimum amount for a permanent delegation.
- Every 10,000 Staked Rice will increase the permanent delegation by .5 HP
- Permanent delegations will be rounded down to the nearest 10,000
Q: How does the RICE staking work?
A: When RICE is staked and un-staked it acts like a passive income. The staking period is 3650 days and when it is un-staked it will drip back every 24 hours. Example: a person who un-stakes 3650 RICE would get 1 RICE per day for 10 years.
RICE token is a God inspired project. Rice token is a tool to empower the Philippines community within the Hive blockchain. All success will be credited to God; he will guide the community.
2 Corinthians 9:7
“Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.”