I understand that lending is a platform for currency exchange with a credit rate and interest. You offer your platform, which will be convenient to exchange currencies and earn doubly. But here's the moment: I didn't understand a bit, what is RICONA COIN? For what it is and what will it give us?
Its always advisable to visit Ricona.io to get all your questions answered there but here is some extract of the site for your convenience :
What is Ricona?Ricona is an upcoming CryptoCurrency like Bitcoin or Ethereum, which can be used for decentralized, secure and discreet peer to peer transactions on the blockchain technology. However, if we talk about lending vertical, it differs from any other CryptoCurrency in the Crypto space by allowing its users to trade in multiple Cryptocurrencies. There are multiple ways in which you can invest in Ricona. We offer an assured return plan called ‘Staking’, a compounding interest plan called ‘Lending’. Using one of these two plans, your initial investment can be doubled in as less as two months. Also, you can use your RCA coins to buy other cryptocurrencies or simply exchange them for other cryptos. Ricona Coins use the best-in-class security protocols to keep your coins safe from potential hackers and the transaction speed is much faster than most other P2P or banking networks.
Why is Ricona different from other cryptocurrencies and lending platforms? We have set a new benchmark with our unique ‘Multi Cryptocurrency Switching’ feature which is unheard of in the Cryptocurrency space. No other lending platform offers this. It allows you to switch your primary lending Cryptocurrency to capitalize on a price swing. In simpler terms, if you are currently holding Bitcoin with us, but in one week, Ethereum is trending and you discover that lending Ethereum offers you better returns than Bitcoin, we allow you to switch your holdings to Ethereum or vise-a-versa. And all it takes is a couple of clicks. (Read Whitepaper for more details). Also, we allow you to get your returns in a Cryptocurrency of your choice or in plain old Benjamin (USD)
What is the value of Ricona? There are several reasons why Ricona promises to be one of the biggest upcoming investment opportunities in the Crypto space. For starters, it is in limited supply. There are and will be just 28 million Ricona Coins, ever! Of these 9.1 million Coins are available for purchase in the upcoming ICO, making it a great way to get your foot in the door or buy-in early when the prices are still at rock bottom. Do you know when most of the so-called Bitcoin billionaires bought in? When Bitcoin was priced as low as $1.5 in 2009. The limited supply of RCA ensures that when the demand increases, the prices will skyrocket. Also, no other lending platform offers a ‘Lending Maturity Period’ as low as 45 days in the entire crypto space. This allows you to withdraw all your investments (which may be almost double) in just 45 days. Most other lending platforms have a 90-day lock-in period, which we believe is too high and risky, in the extremely volatile Crypto Space.
Use Case of Ricona Coins or RCA? We understand that not everybody in the Crypto Space is an investor. To this end, our aim has always been to create a cryptocurrency that can be used by an individual, a business and an investor alike.
For individualsIndividuals can use Ricona Coins to transfer funds or buy goods and services online in a fast, discreet and easy way. That’s irrespective of their location or time and by bypassing the often ‘arcane’ and time consuming banking procedures. Our platform gives you access to a tamperproof wallet with the best-in-class security that uses private keys to ensure that only you can gain access or use it for transactions or fund transfers to another wallet (Peer to Peer).
For BusinessesWith the acceptance of cryptocurrencies on the rise globally, this is a great time for any business, local trader, online merchant or an e-commerce giant to invest Or to use (as a mean of payment) in a path breaking new coin like Ricona. It allows them the convenience, comfort and discretion that is much desired while making payments to clients or suppliers.
For InvestorsAs we mentioned earlier, Ricona is in limited numbers (28 million coins only). This ensures a spike in demand with time leading to an exponential growth in price and value. As an investor, not only does this indicate excellent returns, it also allows diversification of the cryptocurrency portfolio. With blockchain technology advancing every day, it is only a matter of time before the traditional payment system becomes obsolete and is replaced by Crypto Currencies, which are more discreet, fast and foolproof.
Hope it helps all the people who have questions about WHAT IS RICONA (RCA) and its Use Case
