Do you have any competitors yet?
Token Cap: 180,000,000
Mined on RHOVIT: 90,000,000
Token Sale: 63,000,000 (hard cap)
RHOVIT Reserve: 18,000,000
Team & Partners: 9,000,000
What does "Mined on RHOVIT" mean?
And is there any allocation for bounties?
Here's our bounty thread:
https://bitcointalk.org/index.php?topic=2237528.0There's companies in the space: Musicoin is one but no one is doing the scope of what we are and in the way we are. The dual currency, circular ecosystem is unique to us and it's one that will benefit both creators and users much more then having a platform that runs on a token alone.
"Mined on RHOVIT" simply means half of the supply will be created by value transactions on the site, i.e purchases, ad views, social posts. For every X amount of transactions 1 Rbit will be created with a max of 150K a week allowed. These Rbits then get distributed out to the community. 60% to creators and 40% into a Pool for users. RHOVIT loans out up to 20% of that pool in the virtual currency to Users to buy more content. Then once a year, the pool gets emptied and distributed out to the users based on their activity on the site.
