GOLDEN TIME FOR INVESTING IN RITVA
Starting from September 1st, each newly activated account is eligible to receive 350 EURT, less than 50 EURT in comparison with the prevailing policy. Furthermore, since August 1st, investors may withdraw a portion of their EURT (ranging from 5-10% as set forth in Ritva’s policy) per each pool-up occasion of pool 6 and above.
It is noteworthy that, investors investing in Ritva, generally, before the beginning of September are getting the most beneficial position in Ritva’s network, therefore, having gained advantages from the new policy. Not to be mentioned, since EURT is withdrawable and transactable, the stage of further development of EURT has come, resulting in value-increasing of EURT.
According to the latest announcement, however, there are more than 20 days remaining for anyone seeking the safe place to make a little investment like 200 Euro, Ritva is certainly your call right now.
Europe’s Venture Capitalist Closing The Gap With Silicon Valley
The US venture capital industry was established as early as the 1960s and 70s, meaning it had a head start of a couple of decades on European VC. Naturally, it is more developed, with greater scale, depth and influence.
However, more than half of European firms have been active for over 15 years, meaning there is now a wealth of experienced fund managers who have seen multiple cycles and developed track records and sector-specific knowledge. This presents investors with a far more compelling investment proposition than might have been the case 10 years ago. Last year, Europe’s venture capital funds raised €14.8 billion, according to statista.com.
COVID-19’S EFFECT ON COMMODITY MARKETS
The outbreak of COVID-19 has been accompanied by widespread declines in global commodity prices. The pandemic represents a unique shock that has a major impact on both the demand and supply of commodities. Oil markets have been most affected, given the collapse in travel arising from mitigation measures, and have seen an unprecedented collapse in demand and steepest one-month decline in oil prices on record. Metals prices have also fallen, albeit less than oil, while agricultural prices have been much less affected so far given their indirect relationship with economic activity.
Over the short-term, in addition to weaker demand, disruptions to supply chains could cause dislocations in commodity markets, with food security a key concern. The ultimate impact of the pandemic will depend on its severity and duration, but it is likely to have lasting implications. Changing consumer behavior could cause a structural shift in work patterns, reducing travel and demand for fuel. An unwinding of complex global value chains may occur, which could reduce commodity demand.
Despite all those mentioned facts, Ritva’s IB team keep earning continuous profits by taking the advantages of the market uncertainty.
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.
INTERFACE OF EURT STAKING AVAILABLE ON RITVA
According to our recent announcement, EURT staking plans shall be live on August 16, and consequently our IT team has worked diligently on creating a precise mechanism in order to satisfy all the needed standard requirements.
Thanks to their dedication, now we are delighted to announce that the interface of EURT staking is now available on Ritva website, visit our website to have a first look at your brand new opportunity.
All the major concerns have been subjected to scrutiny right at the dawn of this strategy. Accordingly, we are confident to say that we are all-set for the explosion of EURT on August 16. Be ready! EURT staking is coming to you.
INVESTMENT OPTION FOR INVESTORS
In the first half of 2020, we have witnessed the market uncertainty on the global scale due to the emergence of the novel virus, Covid-19. The fluctuation of the markets has taken a huge impact on the mind-set of investors. Forex, commodities market only benefits IB (Introducing Brokers earning money from customer’s transactions). In addition, crypto market as well as stock market has shown its instability as always. Therefore, at this point of time, investing in highly risky field is not smart as choosing an investment offered from some prestigious companies like Ritva.
An opportunity of getting 120.000 Euro with 200 Euro sounds like winning a jackpot for some people. However, this dreaming jackpot, called Ritva, is right on your table. For more information, please visit our Ritva website to find more.
OFFICIAL ANNOUNCEMENT: LISTING EURT ON EXCHANGE
Since the unlocking of EURT, we have observed via our token contract a significant OTC trading activity. This is a clear sign of recognition and appreciation from the market, and for which we are profoundly grateful.
As part of the multi-fold go-to-market strategy, we have been working extensively on exchange listing of EURT. Significant progress has been made. The final steps in our listing negotiation involve providing our exchange partners with carefully measured trading volume, as well as expected spread. To this end, we are launching EURT listing on our exchange, with two-fold purposes. On the one hand, it is an official trading venue with hardened security features built-in, alleviating fraudulent attempts by malicious players, if any. On the other hand, it provides us with better and more insightful figures into the trading volume, supply and demand. This will enable us to provide our exchange partners with more accurate and empirically-backed information, further expediting the listing of EURT on their platforms.
It is our great pleasure to break the news that EURT will be officially listed on Crystal Exchange at [https://ex.crystalwallet.eu/trade] from 00:00 August 18th (GMT+3), with EURT/USDT trading pair. The initial EURT value in all pre-orders is set at 1.13 USDT per EURT, and subsequently driven by supply and demand balance. All successfully matched orders are subject to a trading fee worth 0.25% of the order value. Deposit and withdrawal to and from the exchange are free of charge.
EURT ON THE RISE
It has been a common wisdom that as soon as a cryptocurrency is listed on a prestigious exchange, the token instantaneously enjoys a boost in its value, gaining significant exposure. Our beloved EURT is the latest crypto asset that experiences such euphoria, as it has been recently listed just a few hours ago on Crystal Exchange. Within the first 15 minutes since initial listing, the token price climbs to 3.5 USDT per EURT. For those that obtain EURT at the price of 0.6$/EURT via their early investing in the Ritva project, this high translates to a ROI of 5.8x. At the time of this writing, EURT price is stabilizing at 2.9 USDT, maintaining a substantial rise from the initial listing price of 1.13 USDT.
EURT is trending in a similar direction as other emerging DeFi tokens, which also enjoy significant boosts from their respective listing. For examples, JST rallied 55.45% in its first 15 minutes on Binance, or CRV jumping more than 5 times within the span of 5 minutes from its listing. It is worth noting that once these tokens have established their first highs, they start to dip and stabilize at more sustainable prices, which might even be lower than their initial listing prices. Nonetheless, tokens with great foundations shall eventually pick up their pace and shall appreciate in price. We expect EURT shall witness this pattern, steadily climbing once stabilized. It is not beyond reasonable expectation that EURT will surpass 5 or 10 USDT marks in the following months.
This listing and the 3.5 USDT mark are just the first few steps in our well and carefully prepared multi-facetted go-to-market strategy. We have been working diligently, and will continue to do so in our quest to maximize the potential of EURT. Do await for our many more great news.
LIMIT THE SUPPLY OF EURT
As you may already know, as soon as your account is activated, you are rewarded with 200 EURT. Subsequently, for each first pool-up occasion of pool 6 and above, you will get a reward of 40 EURT according to the prevailing policy. However, this reward amount will be reduced to 350 EURT starting from 1st September as claimed by our new policy. More precisely, after activating your account, you will get 175 EURT immediately and the accounts activated from September 1st will get the following up-pool rewards:
+First up-pool 6 occasion: receiving 35 EURT
+First up-pool 7 occasion: receiving 35 EURT
+First up-pool 8 occasion: receiving 35 EURT
+First up-pool 9 occasion: receiving 35 EURT
+First “The Conqueror” occasion: receiving 35 EURT
The reductions in up-pool reward are in an effort to reward our early participants with more EURT by reducing the available supply of this crypto asset. As the recent listing of EURT on Crystal exchange has positively affected EURT’s price, the benefits are obviously inclined to individuals investing in RITVA before September 1st.
TOKEN DEMAND IS BASED ON SERVICES OFFERED
Token demand is based on utility of the token, or in plain terms: how the token is used. Tokens can be used in different ways depending on the business model, however we’ll focus on token utility in terms of service within the product (or other products).
It is obvious that the more people use the services and pay for it in the token, the higher the token value will be. Likewise, for the purpose of increasing EURT value, Ritva is actively working with multiple potential partners on means to enable EURT trading. We shall be updating the community as soon as our corporation is more concretised.
BLOCKCHAIN SECURED THE E-ESTONIA SYSTEM
The Estonian government’s early adoption (in 2008) is the most advanced example of a government leveraging blockchain technology to enhance government services, with 99% of the country’s government services available as e-services through e-Estonia.
It is noteworthy that in 2012 the fully secured system came online. Citizens can track all government-related transactions that use their personal information in an audit log, accessible through the state portal. For every transaction, there is proof that the transaction was registered on the blockchain, and from that time forward it can’t be changed. Citizen data itself is not stored in the chain, rather, the aggregated ledger of registrations shows that the data existed and was certified by the proper entity.
ESTONIA - TOP STARTUP NATION
On August 29, 2003, six people from Estonia, Sweden and Denmark launched a new product in Tallinn. On its first day, 10,000 people downloaded it. Few months later, it had a million users. Twelve years later, it is used by 300 million connected users around the world. The product is called Skype.
Estonia’s startup success started with Skype in 2003. Although the initiative to set up Skype came from two Scandinavian entrepreneurs, its software was written by three Estonian developers – schoolmates Ahti Heinla, Priit Kasesalu, and Jaan Tallinn. This was the first time that a truly global multinational startup was being created and nurtured from this relatively small country and therefore it had an enormous impact on the Estonian startup ecosystem – fast forward 17 years and Estonia is the world’s top startup nation.
CHANGE IN EURT WITHDRAWAL FEE
The current DeFi boom has pushed the Ethereum platform to its limit. The confirmation latency has been high, and the transaction fee is now unreasonably high. The net effect of this is felt by every single users of not only ETH but also other ERC-20 tokens. The transaction fee (or gas in Ethereum’s terms) for a simple EURT on-chain transfer has climbed to 12 USD.
In view of this, we introduce some change to EURT withdrawal fee. Effective from September 2nd 2020, the minimum amount of EURT per each withdrawal order from Ritva platform is set at 15 EURT, and the fee is 10 EURT. We remark that this fee policy is induced by the congestion in Ethereum network, and beyond Ritva’s control. We shall closely monitor the Ethereum network condition, and revise the fee structure as soon as the congestion subsides.
EXPECT PERFECTION
Earlier this week EURT has recorded a new All-Time-High, going beyond 7.5 USDT/EURT. This is a significant milestone, and we expect many more to come.
In celebration of the enormous momentum EURT has attained thus far, we are giving a new promotion, effective from 5th till 20th September. During the promotion period, any account attaining the 4-start rank shall receive a bonus worth €500, given in EURT. The number of EURT shall vary, depending on the prevailing trading price of EURT. These EURT will be immediately unlocked in full, and thus can be transferred or traded at the awardee’s discretion.
Do join us in celebrating the ever greater growth of Ritva and EURT.
THREE TECHNOLOGY TRENDS DEFINE THE 2020s
We may not be living on Mars or traveling to work using jet packs, but it goes beyond any doubt that the next coming decade will bring many exciting technological advances. In this article, we want to outline the 3 key technology trends that our experts believe will shape the 2020s.
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Artificial intelligence (AI) and machine learning. The increasing ability of machines to learn and act intelligently will absolutely transform our world. It is also the driving force behind many of the other trends on this list.
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The Internet of Things (IoT). This refers to the ever-growing number of “smart” devices and objects that are connected to the internet. Such devices are constantly gathering and transmitting data, further fueling the growth in Big Data and AI.
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Blockchains and distributed ledgers. This super-secure method of storing, authenticating, and protecting data could revolutionize many aspects of business – particularly when it comes to facilitating trusted transactions.
ESTONIA - TECHNOLOGY LEADER
Estonia is one of the most advanced digital societies, ranked in the top three nations for e-government development in a recent survey by the United Nations. Almost all state services are online and more than a third of Estonians use digital ID to access public services.
The nation is home to more than a thousand tech start-ups and four unicorns – tech start-ups that are valued at more than $1 billion. In the 2019 parliamentary elections, 43.8% of voters cast their ballots electronically.
THE RISE OF CRYPTOCURRENCY AS A PAYMENT
Payment businesses have experienced a revolution in the last few years. From blockchain, and FinTech to AI and cryptocurrencies, the world of international commerce is moving faster than ever.
While commerce has changed considerably, it seems that online and offline payments have stayed relatively stationary. Most sales are processed through traditional methods like credit and debit cards. While this has been a decent medium of exchange for many years, new technologies are offering new options from additional payment systems, namely cryptocurrencies.
A cryptocurrency is a digital asset that is kept on a shared ledger called a blockchain. The blockchain cannot be altered, which means that funds and goods can be transferred trustfully. This increases transparency and reduces the possibility of fraud. Therefore, it is not a surprise to see that both merchants and consumers are turning to cryptocurrency payments, as a cheaper and more efficient payment solution.
FAST GROWING STARTUP COMMUNITY
Thrusting investment in potential startups in European regions, especially in Estonia and Latvia, is one of the core development strategies of Ritva. Choosing Estonia for investment is understandable because it is well-known as the silicon valley of Europe. Then, why Latvia?
Latvia’s current startup scene is abound with a diverse range of modern co-working spaces, numerous startup accelerators and incubators, and a pool of institutional support, business angels and various other investors. In addition to that, almost every university has a dedicated in-house startup and entrepreneurship hub.
In terms of rankings, business founders have identified business-friendly regulations as Riga’s strong suit: 69% rate it as high or very high. Comparably, Paris and Berlin get endorsed for this feature at 49% and 61% respectively. Riga also provides great value-for-money (75% endorsement).
Taking all the facts together, Latvia emerges as a fast growing startup community with an established position in the Baltic startup scene – one of the most actively developing regions in recent years.
BLOCKCHAIN AND SMART CONTRACT
A smart contract is a self-executing contract whose terms of the agreement between the contract’s counterparties are embedded into lines of code. Essentially, a smart contract is a digital version of the standard paper contract that automatically verifies fulfillment and enforces and performs the terms of the contract. The concept of smart contracts was proposed by Nick Szabo, an American computer scientist and researcher of digital currencies, in 1994.
The smart contract is executed through a blockchain network, and the code of the contract is replicated on many computers that comprise the network. This ensures a more transparent and secured facilitation and performance of the contractual terms.
Moreover, smart contracts do not require a middleman to execute because the code of a smart contract is verified by all the participants in the blockchain network. The removal of the middleman from the contract helps to substantially reduce the costs for counterparties.
CRYPTO IS NOT FOR GEEKS ANYMORE
The image of cryptocurrency is changing globally faster than ever. Bitcoin (BTC) and Ether (ETH) are not a bubble anymore, as BTC’s market capitalization is now bigger than Coca-Cola and Intel, and blockchain is integrated into many fields and operations. Moreover, institutional crypto involvement is rising as the demand for Bitcoin soars amid the coronavirus crisis, with Grayscale experiencing a drastic increase in assets this year. More hedge funds are accumulating digital wealth fast — and that is sure to continue this year.
One thing is undoubtedly evident: The world of mainstream users needs more convenient interfaces to interact with crypto — and they are coming. The digital divide steadily reduces, as in 2020, it’s easier to open a checking account in dollars or euros than ever before.