First Open Market Purchase: COMPLETED
Exciting News:
unFederalReserve is thrilled to announce that our very first open market purchase has been completed. We accepted payment from a licensee and converted it into eRSDL. The pavement is in place to complete the bridge 🌉 from DeFi into CeFi.
CeFi entities, or other product sponsors, must license unFederalReserve’s software. The granting of a license consists of three types of information: identity, payment and term. eRSDL as a digital marker works in combination with our wallets to capture, process and manage those three elements. The transaction is one part of a demonstration supporting eRSDL’s utility to track the license’s active status.
unFederalReserve powers ReserveLending, a product that allows digital asset holders to borrow and lend their crypto coins anonymously. This first transaction is ReserveLending’s operators paying for that software.
unFederalReserve technology powers ReserveFunding, a traditional alternative investment marketplace for crypto holders. For this service and software, ReserveFunding will pay a licensing fee to unFederalReserve.
ReserveFunding is a liquidity channel for underserved tribal banks and community non-bank lenders. Retail crypto holders, like yourself, can earn passive income without incurring another tax event. unFederalReserve will provide the rails into traditional investments with higher and non-ethereum correlated returns. These traditional investments are the qualified entities licensing unFederalReserve’s software.
Securing the transaction and safety is our no. 1 priority. In conjunction with our burgeoning relationship with Bancor, open market purchases will be made through its platform.
The Next Step:
Determining the term over which the license expires, the rate at which tokens are burned or placed in deep storage, and the manner in which we track and report that data.
*Disclaimer* there is not an actual party to attend, via Zoom or IRL. To celebrate this monumental milestone and learn more, join us next Wednesday, Dec. 29 at our next AMA on Discord.
Although the material contained in this website was prepared based on information from public and private sources that Residual Token, Inc. believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and Residual Token, Inc. expressly disclaims any liability for the accuracy and completeness of information contained in this website.
This article, our website, social media posts and other public forum materials are distributed for general informational and educational purposes only and is not intended to constitute legal, tax, accounting or investment advice. The information, opinions and views contained herein have not been tailored to the objectives of any one individual, are current only as of the date hereof and may be subject to change at any time without prior notice. Residual Token, Inc. does not have any obligation to provide revised opinions in the event of changed circumstances.
All investment strategies and investments involve risk of loss. Nothing contained in this website should be construed as investment advice. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
Any ideas or strategies discussed herein should not be undertaken by any individual without prior consultation with a finance, tax or legal professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal objectives, needs and risk tolerance. Residual Token, Inc. expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.
