[ANN][RCA] Ricona Coin-Experience Lending with Multi Crypto Switching Technology

[RiconaOfficial]

RICONA COIN (RCA)

Witness a New Era of Cryptocurrency Lending with "MultiCryptoCurrency Switching Technology"

WHAT IS RICONA COIN?

 Ricona Coin is a REVOLUTION in peer to peer decentralized transactions with ability to lend Or trade in multi Cryptocurrencies (Not only in USD). Currently, all of the lending platforms work on Fiat Lending System to deliver returns based on Dollar value but at Ricona, we aim to deliver return in initial cryptocurrency of the user (even ONE STEP FURTHER of that, keep exploring).  

For example, if a user chose to lend his bitcoin Or ethereum & get interest in the same cryptocurrency (with a lock in period of say 90 days), he will get his daily interest (in the initial crypto) PLUS the increased value of the currency during that tenure (which could have been 2x Or 10x in 90 days). This way, he does NOT ONLY earn interest on %age value appreciation of the invested crypto BUT would also multiply his return with the growth of the coin. This unique concept has been unseen (or may be avoided for obvious reasons) by all lending platforms yet but it has an ability to change the Crypto lending game forever.

WHAT MAKES RCA DIFFERENT FROM OTHERS

We are a Challenge for lending platforms, with our Unique "Multi CryptoCurrency Switching" technology which allow users to Earn Daily Interest for their desired Crypto Currency with an ability to Switch their Initial crypto currency whenever they want. For example, if a user Lends his Bitcoin (with weekly return of say 5%) and he notices that Ethereum has given 7% return for the same period, then he can switch his Primary Lending Currency from Bitcoin to Ethereum (or Vice versa). The "Switched Over Currency" would also include his previous 5% (Or whatever) return as well. Our Smart Currency Converter would Exchange your Currency on the fly at competitive market prices.(minimum 1 Week lock-in required for First Switching and 2 weeks thereafter)

WE ARE PIONEER IN ACCEPTING LITECOIN AS PAYMENT OPTION

As we all know, BTC transaction fee is very high now, so to protect our investors interest (and avoid higher BTC transaction charges), we are adding Litecoin as a payment option & passing on the transaction fee benefit to our investors. Of course, BTC would be another payment option for those who don't mind paying higher transaction fee for their transactions.

LOW LENDING MATURITY PERIOD WITH 10% BONUS*

No Other Lending Platform Offers "Lending Maturity Period" as low as 45 days in the entire Crypto Space (minimum 7 days for staking). Which simply mean, you can pull out all your investment (almost double) in just 45 days whereas others are locking-in your funds for an average of 90 days. Ricona offers two types of Lending “Floating Interest Lending Plan” and “Fix Interest Lending Plan”. With our unique bonus scheme we offer up to 10% *Bonus to our Loyal Investors under Floating interest Lending Plan.

*Bonus interest is applied to user's Reinvested amount. For example, if he pull out 10 BTC after maturity period and Reinvest 6 BTC on the platform again, his Reinvested BTC would be counted as 6.6 BTC instead of 6 (under 10% Bonus slab) and he would earn daily interest on 6.6 BTC from the day 1 of his Reinvestment.

MAXIMUM SUPPLY (Hardcap) OF 28 MILLION COINS

MAXIMUM Supply of just 28 Million Ricona Coins from which only 9.1 Million Available during ICO period. Maximum supply ensures high price of Ricona Coins once demand supersedes supply of available coins.

Here is a Short Summary of our Offering : https://www.youtube.com/watch?v=1-5JPu85oLU

 USE CASE OF RICONA (RCA) COINS

Apart from the personal use, like sending money to family or friends OR paying for goods/services online, RCA coins can also be used by merchants/traders/other businesses as a secure and decentralized mode of payment just like bitcoin with complete security and privacy. Also, investors can buy RCA coins to trade for profit Or as an asset for future appreciation. Once its demand surpasses the supply, the cost of RCA coins would sky rocket due to limited supply (just like Bitcoin)

MINING POOL/BLOCK EXPLORER

Soon to be operational once ICO finishes. (as per Roadmap)
at http://www.ricona.info


RCA STAKING

Ricona Staking could generate amazing returns, If one is looking for a passive income. Just keep a specific amount in your wallet to support stability and security to the system, and we will reward you with lucrative bonus in the form of extra Coins (which you can trade Or sell for profit).

ICO TIME
ICO START DATE : 11th FEBRUARY 2018
ICO TIME : 3 PM SST (GMT +8)
ICO END DATE: 15TH MARCH 2018

ICO STAGES WITH DISCOUNTS (Tentative)

ROUNDS                        DISCOUNT
ROUND 1(Presale) 11TH -15th Feb 2018 (RCA price:$0.69)      30%
ROUND 2 (1,960,000 RCA coins RCA price:$0.90)            22%
ROUND 3(1,960,000 RCA coins RCA price:$1.10)            18%
ROUND 4(1,960,000 RCA coins RCA price:$1.35)            10%
ROUND 5(1,960,000 RCA coins RCA price:$1.50)            No Discount

RCA COIN SPECIFICATIONS

Name:

Ricona

Symbol:

RCA

MaximumSupply:

28 Million

ICOSupply:

9.1 Million

DecimalPlaces:

8

Algorithm:

SCRYPT (POW/POS)

MiningPool:

YES (as per roadmap)

CoinBaseMaturity:

60 Blocks

BlockReward:

24 RCA

PriceStarts:

$0.69

PROSPECTIVE EXCHANGES

coinexchange.io
livecoin.net
bittrex.com

WALLETS

Web wallet available during ICO
Android and iOS Wallet available as per Roadmap


Official Website         https://www.Ricona.io
Official Whitepaper      https://www.ricona.io/Ricona-Whitepaper.pdf

COMMUNICATION CHANNELS

Facebook      https://www.facebook.com/RiconaOfficial
Twitter         https://twitter.com/RiconaOfficial
Instagram      https://www.instagram.com/RiconaOfficial
Telegram      https://t.me/RiconaOfficial
Email         support@ricona.io

WHAT IS EXACT DATE AND TIME OF ICO AND HOW CAN I PARTICIPATE IN IT?

ICO will go live on 11th February 2018 at exact 3 PM Singapore time (SST). To participate in ICO, You need to Register First. Once your Registration done, you will need to deposit Litecoin/Bitcoin to your wallet in members area. When ICO goes live, you will be able to buy RCA Coins using your wallet. Also note, RCA quantity is limited for each person/day which would be announced prior to each sale.

To Your Success
Ricona Team

Edit : This thread is Locked as it moved permanently to this address :

https://bitcointalk.org/index.php?topic=2850945

Also, Bounty Campaign is launched at this address :

https://bitcointalk.org/index.php?topic=2862315

[VisualPleasure]

interisting.. i hope the wallet realeased soon.. cant wait to try it

[A56-7W]

Do you know what "limited supply" even means?

[michalst]

Reserved for Pool

[fengyun88]

BLOCK EXPLORER

[Highspeed123]

The names pretty good, website looks great on my phone and PC and it does sound interesting. I'll look into it a little more when I have more time. Posting to reserve.

[RiconaOfficial]

Do you know what "limited supply" even means?

 Its Maximum Supply (or Hardcap). Post edited for better understanding.

Thank You

[Twinkledoe]

Please correct the misspelled words in your OP. By the way, how are you gonna address the fact that even if you want to send it to your family members or friends but they don't know about crypto and still they have to convert it to their fiat currency? Where will they exchange your coins to fiat?

[lucygreen27]

This ICO seems Interesting to invest upon.....But I am doubtful that if I invest in Bitcoin and then want to switch to other currency like Ethereum how can I do so and how many days the whole process will take?

[RiconaOfficial]

Please correct the misspelled words in your OP.

Done. Thank You.

By the way, how are you gonna address the fact that even if you want to send it to your family members or friends but they don't know about crypto and still they have to convert it to their fiat currency? Where will they exchange your coins to fiat?

 There is no such option available as of yet. (Except going current traditional way to exchange RCA with BTC first and then withdraw it to a bank account) BUT it would be done by the end of 2018 (with the launch of RCA Debit Card with Multi CryptoCurrency Support). We would really appreciate if you could please check the whitepaper available Here

[RiconaOfficial]

interisting.. i hope the wallet realeased soon.. cant wait to try it

BTC and LTC wallets are already Active now. Anyone can Deposit And Withdraw LTC and BTC now. ETH and BCH wallets would be opened 24-48 hours before Internal Exchange Opens (20th March). RCA Wallet would be Activated at the time of ICO.

Thank You

[RiconaOfficial]

This ICO seems Interesting to invest upon.....But I am doubtful that if I invest in Bitcoin and then want to switch to other currency like Ethereum how can I do so and how many days the whole process will take?

 Once our internal exchange opens (20th March 2018), you would first need to Lend your Bitcoin (or any other supported currency) on to our platform and after 7 days (from the date of your lending), you would be able to Switch your primary currency (from Btc to Eth or any other supported currency) INSTANTLY. No waiting for days Or hours at all. But yes, after first switch, you would NOT be able to Switch your currency again for next 2 weeks.

Thank you

[RiconaOfficial]

BLOCK EXPLORER

Would be operational as per Roadmap at http://www.ricona.info

[Krezz2017]

It seems that the project is not bad. Of course, it would be possible to describe more clearly, and not to use abstruse terms. But, the essence is sort of uncovered. Okay, let's see him further.

[RiconaOfficial]

It seems that the project is not bad. Of course, it would be possible to describe more clearly, and not to use abstruse terms. But, the essence is sort of uncovered. Okay, let's see him further.

Thank you for stopping by and looking into our project. We appreciate your good words. By the way, you could also watch a short summary of our project which is available at : https://www.youtube.com/watch?v=1-5JPu85oLU

We are also Updating our Original post with the video link for new viewers.

Let us know if you have some query Or concern about the project.

[nickyadam27]

Read your Whitepaper It shows lending in BTC, ETH and RCA, When you will start accepting Litecoin?

[RiconaOfficial]

Read your Whitepaper It shows lending in BTC, ETH and RCA, When you will start accepting Litecoin?

Please read our Whitepaper again carefully. We think you have missed something as we have already mentioned LTC and BTC Lending interest rates in Whitepaper. RCA, ETH and BCH lending rates would be announced when Lending start on the platform.

[Twinkledoe]

Please correct the misspelled words in your OP.

Done. Thank You.

By the way, how are you gonna address the fact that even if you want to send it to your family members or friends but they don't know about crypto and still they have to convert it to their fiat currency? Where will they exchange your coins to fiat?

 There is no such option available as of yet. (Except going current traditional way to exchange RCA with BTC first and then withdraw it to a bank account) BUT it would be done by the end of 2018 (with the launch of RCA Debit Card with Multi CryptoCurrency Support). We would really appreciate if you could please check the whitepaper available Here

Thanks for addressing my queries. Where will you tie up for this RCA Debit Card? Also, where are you legally registered?

[RiconaOfficial]

Please correct the misspelled words in your OP.

Done. Thank You.

By the way, how are you gonna address the fact that even if you want to send it to your family members or friends but they don't know about crypto and still they have to convert it to their fiat currency? Where will they exchange your coins to fiat?

 There is no such option available as of yet. (Except going current traditional way to exchange RCA with BTC first and then withdraw it to a bank account) BUT it would be done by the end of 2018 (with the launch of RCA Debit Card with Multi CryptoCurrency Support). We would really appreciate if you could please check the whitepaper available Here

Thanks for addressing my queries. Where will you tie up for this RCA Debit Card? Also, where are you legally registered?

Thank you for your query.

As far as Legal Registration is concerned, we are in the final phase of filing Registration Papers to The Accounting and Corporate Regulatory Authority (ACRA) OR commonly known as Singapore Registrar  of Companies. Once registration is Confirmed, we will start working on legal documentation process to tie up with Visa and it will take 6+ months to get things on ground level. But we anticipate it would not delay above 10+ months (in worst case scenario), hence mentioned 2018 End, the deadline for RCA Multi Crypto Debit Card launch.

Thank You

[RiconaOfficial]

Edit : This thread is Locked as it moved permanently to this address :

https://bitcointalk.org/index.php?topic=2850945

Also, Bounty Campaign is launched at this address :

https://bitcointalk.org/index.php?topic=2862315