Currency is mainly designed to be spent, meant to be a tool used daily in transactions. Currently, cryptocurrency is breaking that mold, offering ‘currencies’ that disincentive spending, incentivize holding or hoarding, and in some cases solely deflationary tokens that are completely impractical to spend or use in daily transacting. The overall usefulness of currencies in this vein is debatable, though their usefulness for investors is undeniable. When building anything, coming first isn't always best. Being able to create a currency designed from the beginning to fill a certain market niche, it generally performs better in that role than an existing product retrofitted to operate in that role. Thanks to this more beneficial entry point to the market, Bitcoin Rhodium has designed a currency to satisfy the needs of even the most discerning long-term investors.

Bitcoin Rhodium (XRC) provides key features that make it both a readily obtainable currency (at the time of writing) and one that is guaranteed to rise in value with scarcity engineered into it. Promoting the rise of value over time is something that every coin attempts, finding their own solutions and implementations. Bitcoin Rhodium implements regular rewards for those who actively hold or accumulate the coin, and is trying to build a bridge between crypto investment and traditional investment. This ‘bridge’ will facilitate P2P transactions between XRC and precious metal investors through decentralized and efficient matching of supply and demand with no intermediaries. These features as well as a fixed total supply at 2.1M coins means that Bitcoin Rhodium is a very attractive option for traditional investors, incentivizing long-term holding and promoting scarcity.

Currently XRC is mineable and is a POW coin. When total supply reaches 2.1M, no new coins will be minted, making those in circulation much more valuable. However, mining is not the only way XRC can be obtained. As stated previously, a rewards system is in place for those who decide to hold XRC. This rewards program operates on three-month cycles over the course of 8 years, where wallets that complete a cycle with no negative movement are rewarded for their beginning balance. The rewards program was launched on 1/1/2019 and is currently in its fourth cycle. At the start of a cycle, a snapshot is made, cataloging the starting balance of wallets on the chain. Upon ending the cycle, another snapshot is made, detailing balance for the next cycle and if any XRC was withdrawn from the wallet during the three month period. If both these criteria are met, the wallet is then rewarded for its starting balance.

For example, if a wallet had 100 XRC on 1/1/2019 and on 3/1/2019, never withdrew but had deposited 50 XRC for an ending balance of 150XRC, it would be rewarded for the initial 100 XRC. However, if during that 3-month span, the wallet had withdrawn 20 XRC but deposited 50 for an ending balance of 130 XRC, no reward would be paid as a withdrawal was made. All wallets that meet this criteria split a pot of 8036 XRC, their stake proportional to starting balance. This mechanism rewards those who hold the token, decentivizing those who are simply looking for a quick investment turnaround. Anyone looking to invest long-term using Bitcoin Rhodium will see an annual ROI of 0.5–30%.

Its through this ‘strong hands’ mechanism and the upcoming investor bridge that Bitcoin Rhodium cements its position in a ‘investment triangle’ with LTC and BTC. With Litecoin handling transactional needs, Bitcoin serving a purpose with traders primarily, and Bitcoin Rhodium acting as a true store of value for long-term investors, a successful ecosystem is built, each playing off the success of each other. By capturing this important demographic and building genuine use cases, Bitcoin Rhodium elevates itself above other altcoins jockeying for this position. Currently, information on this upcoming investment bridge can be found on www.freemarket.one. Make sure to keep up to date on this highly promising project.