ENVISION THE FUTURE - EURT STAKING
With EURT having been unlocked and transferable, RITVA’s early investors can now hold or trade OTC at their discretion. We are glad to share that we are making significant progress on exchange listing for EURT. We are finalizing with our exchange partners on the listing arrangements, and shall keep you updated once all necessary procedures are cleared.
Besides pushing for the listing and reducing the supply of EURT as per our previous announcement, we are spearheading other strategies so as to scale the EURT supply-demand in the favor of price appreciation. To this end, we are launching STAKING PLANS for EURT, which shall be live from 16 August. There will be three plans whose details are given below:
- 90-day plan yields 9% annualized interest rate
- 180-day plan yields 15% annualized interest rate
- 360-day plan yields 18% annualized interest rate
The minimum amount of EURT for staking is set as 100EURT. Interest earned from the staking will be paid monthly, while the initial principal shall be unlocked once the plans mature. Having that said, investors can prematurely withdraw their principal, subject to the 3% processing fee. Premature withdrawals nullify the corresponding plans, and investors are no longer entitled to receive the plans’ interest thereafter.
As an extra layer of stimulus, our staking plans also have built-in multi-fold rewarding mechanism for those who promote and advocate for the staking. More specifically, one will receive a bonus worth 10% of the interest that his/her sponsees (i.e., Level 1) earning on their staking. Beyond the direct sponsees, one shall receive a bonus worth 5% of the interest that a member in his direct network earn, up to the third level.
More staking plans will be made available once the MVP of RVChain is launched, with voting rights and shared governance of the platform.