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Welcome to the official Rhea ICO topic on Bitcointalk.



Help us revolutionize cryptotrading

Bounty Campaign is now active!: Bounty Campaign (https://bitcointalk.org/index.php?topic=2168328.)


Join the discussion here, or through the contact section in our website. Any questions, opinions and feedback are welcome.

I really like this concept, transparency is the most needed in cryptocurrecy, I'm interested in ICO, I'll see the progress of this thread, hopefully run well

Hey, I really like the utility of the concept and its applications. I wanted to know how you envision the project developing in the next few years. Also what are your presale conditions? Good luck with the project!!

very good price on ICO, I can't wait for ICO, although the concept is a little complicated, but I think, this concept will make the user become independent, much needed, very good website, I like that, hopefully ICO goes well, success with the team

Soft cap and hard cap for this ico

Thank you for the questions cruelmind. In the next few years Rhea will become much more than just a cryptotrading platform. Turning the index into a globally followed tool for investing in cryptocurrencies is one of our three main goals. Expanding options trading to a multitude of indices and offering the most flexibility is the second one. Finally, we want to turn the Cryptofund into the easiest way for retail investors to obtain a slice of a balanced cryptocurrency portfolio.
In the ICO pre-sale we are offering maximum of 10% of the total supply of Rhea tokens (5 million), at a price of 0.0007737809 ETH (5% discount from the first ICO day). If you are interested, do not hesitate to contact us privately.

The 12.5% milestone is the most important one because it will provide the minimum capital required to set up and maintain a fully operational platform. This milestone will be reached when 12.5% of the 42.5 million tokens offered are sold. The hard cap of 42.5 million Rhea tokens sold will give us enough to develop a much more advanced platform, as well as extra capital for the quick launch of the Cryptofund.

Your concept is very interesting and quite unique.
How will this dividend be distributed and who will get it?
Good luck!

The slogan is not entirely understandable. Do you want to make the world of crypto currency more pro-transparent? This means that it is easier to control various tax organizations, it is easier to hack wallets? Is it easier to intercept information to criminal organizations?

I like the LOGO of your project,a different concept. looks good. will hold and wait this

how about the bounty thread?
I want got some coin to support your project

The emblem of the project is drawn by artists. I think it's easy to draw on a graphics editor. It's not about the content, but about the essence of the project. And the essence of the project is not yet fully understood. The idea of transparency of crypto currency flashed here. And than it is good and to whom it is necessary. For the time being, I have not seen any valuable information for myself. I hope the developers will dispel the fog and lift the veil. It is possible that the project is worthy, but it is not yet clear.

Hey,
The official bounty campaign will be announced in a separate post until the end of the week. Thank you.

Hello,
Thank you for the message. I would like to say that you are correct in the statement that the transparency concept needs further clarification and can be misunderstood.
The accountability and transparency measures that we will implement will surpass those of legally regulated industries and the majority of the ICO's. These principals will be integrated through complete transaction transparency in our platform, which is connected to the dividend incentive scheme and complete accountability of all the costs associated with building and maintaining the platform. This statement will also be reflected in the WhitePaper and the website.

Hey,
Dividend distribution will be quarterly and will be paid out to all Rhea token holders. The WhitePaper gives detailed information on the dividend incentive scheme, its structure and payout ratio.

Hi, thanks for the question. We strongly believe in regulation in the cryptoworld and that it needs to be more transparent and accountable to investors. But before these laws and regulations are in place, we will operate our platform by choosing to abide by the rules financial companies are subject to. That means quarterly performance reports to token holders, expense accountability, board meetings and dividend payout. We will implement these standards in expectation of future market regulation, which will make the transition much easier.

This is nice concept to invest into this platform and than hold tokens to get quarterly dividends for holding. Where I find the roadmap about future development and when this platform will go live looking forward to know about this.

Hi, thanks for your comment!
The roadmap for the next year can be found at the bottom of the Website (http://www.rheatoken.io) and in the WhitePaper (http://www.rheatoken.io/documentation/WhitePaper.pdf).
The ICO opens on 2nd October 2017 and the platform goes live on 01 May 2018.
You can find more about the dividend distribution and platform features in the WhitePaper as well.

this project sounds promising. but may be, you must make a great team from each experts which is needed. if it has had teams you must share the information about them on this thread.

Sorry for that, but do you plan to refund if the second ICO won't succeed? It's a common clause, but I did not find it in your whitepaper.

Hi, thanks for the question.
The ICO contribution period will run from 02.10.2017 to 30.10.2017. If we do not manage to reach 25% of our goal and we are close to it, we will start another funding round which will not last more than the initial period. Announcement of such an action will be made before that and there will not be a third round. If we do not manage to reach our minimum required capital at this point we will return all contributions to the ICO participants. You can read more about these details in the Terms and Conditions (http://www.rheatoken.io/documentation/TermsConditions.pdf) file on our website.

To be honest, for now it all looks vague. What exactly will the advantage of this coin, in addition to dividends? Super-transparency is understandable, but what else?
What should make me invest in your project?

Hey, thanks for the question. We believe that through our options trading platform we will bring utility to the cryptomarket and will solve a real problem when it comes to hedging and indirect investment in the industry. Through the platform you can hedge a portfolio of cryptocurrencies or expose yourself to the market without holding individual currencies. We will make this possible by creating a market capitalization index called the Crypto 20, which will share similar qualities to financial indices.

Hey, thanks for the comment.  :) We updated the thread to present our team and our Roadmap till 01.01.2019.

Good. Are you planning a bounty company?
If so, I would like to participate. How soon will you preview it?

Hi,
The bounty campaign is now active. You can check it out here. Bounty Campaign (https://bitcointalk.org/index.php?topic=2168328.)
Let me know if you have any other questions

Hi,
The bounty campaign is now active! You can check it out here. Bounty Campaign (https://bitcointalk.org/index.php?topic=2168328.)
Let me know if you have any questions

This makes a lot of sense, I can see the utility of the project. I will be investing at the start of the ICO campaign.

Rhea token video available on YouTube and on our website  :D : [Video] (https://www.youtube.com/watch?v=DNRJaK1RXLA)

Good idea, I like the project. I trade options on stocks so I appreciate the concept of hedging in cc. I saw in the white paper that orders will expire. Is this expiration period fixed and how will it be set for short-term options (for example 1 week)? Also, are fee rebates eligible for less than 1 month options?

Hello, great concept and video! I wanted to express my support for the project and inquire more about the dividend payments and how will they be distributed?
Thanks and good luck.

Thank you for your question SC30. Short-term options of less than 1 month will have an expiration period equal to 50% of the total duration. For 1 week options this means 3.5 days, but you need not worry, the platform will display the remaining time on all options, with the possibility to set notifications, so you won't miss anything.
Fee rebates are eligible for all options regardless of duration. The only guideline is that an order must be close to expiration and without a counterparty. As previously mentioned, the platform will display all current possibilities to get rebates.

Hi there, thanks for the support. The dividend payout incentive will be determined after the end of the ICO and it will range from 20% to 40% quarterly. These payments will be distributed directly from the transaction cost revenue. Every token holder will create an account on our platform where you will be continuously able to track your personal expected dividend for the next period. Account holders and the Rhea team will have access to the same daily transaction volume stream, so it will be easy to validate revenue. Thank you.

Indonesian ANN Thread: https://bitcointalk.org/index.php?topic=2196235.0

Hey, thanks. Good job. :) Keep checking the thread for more information about the project and the bounty campaign. Thanks

I greatly appreciate you have a product and clear vision.

Thanks for the support. We really believe that our goals and timeline are realistic and we do not engage in far fetched promises like most ICOs do nowadays.

Thanks for coming back to me. That makes sense. Good luck!

Thanks, let me know if you have any other questions  :)

where I can see your white paper? and another question, what is your competitive advantage?

Hey, thanks for the question. You can review the WhitePaper here: Whitepaper (http://www.rheatoken.io/documentation/WhitePaper.pdf).
Rhea token enables investors to hedge their cryptocurrency portfolios and invest in the market without holding any individual currency. Cryptocurrencies such as BTC and ETH have tremendous potential for growth, but are fully exposed to sharp price drops. Investing through our market capitalization index - Crypto20 offers a more stable alternative. Options trading will give the opportunity to profit from these sharp moves and to protect portfolios against market corrections.
Additionally our dividend incentive scheme will be reward investors on a quarterly basis, based on the revenue of the platform. You can find out more here: Rhea Token (http://www.rheatoken.io).  Do not hesitate to reach out if you have any further questions. Thank you.

Hey Sonara,

The best unique selling proposition (IMO) of the Rhea project is the quarterly dividends paid to holders. I have yet to see this in any of the other crypto equity index tokens (thus far). This has me very excited on the potential of this project.

Is this is any way not a copy of Combicoin?  (besides that Combicoin is top30)

https://triaconta.com

could u show me the public code please？

Hey, thanks for the question. Rhea enables investors to hedge their own risk or come up with their own investment strategy by trading options contracts on our platform over their defined period. Through Rhea's market capitalization index - the Crypo20 - entering and exiting options contracts will be made very easy and it will allow participants to implement their own view on the cryptocurrency market. The option contracts will be very customizable, making them ideal for periods of volatility or high uncertainty. Rhea will be the tool that investors will use to trade with and not just to represent a stake in the company - as in Combicoin. Rhea token holders define their own payoff and exposure and don't simply share the same profit as all other investors do (as in Combicoin). Please let us know if you have any other questions.

Hey, you can check our Github (https://github.com/RheaToken) here. Thanks

buddy ，could u please explain theconception of "unique cryptotrading platform", i have seen a lot of ico use this conception

What percentage of the total profit will be given out to the token holders? Can you tell me approximately a month when you will send out the first dividends?

TY

Hi, thanks for the question. Token holders will receive quarterly dividends after the platform is operational. Dividends will range from 20% to 40% of revenue, depending on the success of the ICO. You can find a more detailed explanation of the dividend distribution system in our WhitePaper. Token dissemination will be completed until 30 Nov and the platform will be operational in March at the latest. As we have already started building the interface and options algorithm this will probably be sooner. The first dividend is expected to be sent out in June at the latest. Don't hesitate to ask us any other questions if you would like further clarification. Thanks

Hey Guys,

Rhea is a crypto index of the top 20 for the trading of Options. The dividend model is structured off the fees placed in trading these Options.

Combi is a fundcoin invested in the top 30 cryptocurrencies. The dividend model from Combi is based off their sister token TRIA which collects funds from the buy and sell orders above or below the asset basket value.

Both are great project IMO. i've done a write-up on both the Rhea and Combi offerings, this should help explain the difference between both projects in greater detail:

Rhea: https://medium.com/@jorgophotography/move-over-nasdaq-the-rhea-crypto20-index-is-here-6375125ae7c1
Combi: https://medium.com/@jorgophotography/crypto-basket-coin-with-dividends-combicoin-tria-token-9b05689ae4a5

Thanks

Hey guys you can join our new Telegram (https://t.me/joinchat/GhB3YQ6dFhsQ5y1QgPUF7Q) group for more updates   ;)

With pleasure to join

When will the whitepaper in Russian?

Hey, the WhitePaper is still not translated in Russian. I will let you know once its done. In the meantime if you have any questions we are happy to answer them.

How are the dividends paid out? Assume buying through myetherwallet using a wallet such as Jaxx would the dividends be received in Ether in to the Jaxx account or paid out in Rhea tokens?

Hey, Rhea token holders will receive dividends regardless of where they keep the tokens. They will need to register on our platform which will grant users many benefits related to dividend information such as: estimation of next dividend amount, dividend due dates and daily transaction information and news. Dividends will be paid out in RHT on a quarterly basis. Trading options will require an account with Rhea tokens in it, but if someone just wants to receive dividends then they can hold their tokens in ERC-20 wallets.

Our ICO is now LIVE: Rhea Token (https://rheatoken.io/)  ;)

Really appreciate it :D

HEY

WHATS THE TOKEN ADDRESS TO ADD TOKEN ON MTEHERWALLET?

Hey the token address is: 0x3a53999E9d66C6Fd95D6Eb3F1Be6114E91a3ed94 . Thanks

Thank you.

Can't see the tokens in my MEW. Are the tokens sent or do we need to wait to get until the end of the ice?

Hey, the tokens are disseminated after the end of the ICO. Further information regarding that will be announced. Thanks

Thank you for your prompt response

Been waiting on a sell order, which just went through, i then put my new found ETH into a fav ICO running, no clues except it starts with Rh and ends in ea ;)

Hey! All contributions are currently suspended pending an announcement. Thank you.

No worries Detelin, hopefully its a 'good' type of announcement, will be waiting in anticipation.

I will waiting and look the new update the project..  Suucess for the project.. 

We are happy to announce that the Rhea project and all of its assets will be acquired by an investment fund! The purpose of the acquisition is to create a better version of our current concept through more funding and experience. Rhea will be re-branded and promoted through a new campaign. This is great news for our team and all believers in our idea as it will become a better developed and maintained project. As soon as negotiations are finalized we will start the refund process to all our backers. A separate announcement will be made on Bitcointalk regarding our Bounty Campaign. A big thanks to everyone that participated and please send an email to ico@rheatoken.io if you require any clarification. Thank you!

So if I get this straight now we won't be getting any tokens or anything related to the ICO we will only be receiving the ETH we invested back?

I think the project will become very profitable soon!

As of 07.10.2017, the Rhea founding team will be moving off the project as part of the agreement with the acquirer, who wishes to maintain his anonymity before the new ICO is launched. As part of the agreement here will be no further association between the the founding team and the Rhea token project. The re-branding process requires the removal of Rhea's social media, communications and forum threads. Next week contributors will need to fill out a form on the website in order to begin the refund process. It will be handled by the support and development team. A big thanks to all supporters and look forward to Rhea 2.0!

Hi Detelin, i hope you and the team will oversee the refunds. Handing this process over to a unnamed entity is a scary thought. Please advise.

Don't like how "Blaze" they are being about the refund and the fact that a "form" will be made available on the website sometime this week... Surely it should be as simple as X amount received from Y address therefore return X amount back to Y address.