Interview with Rhea team

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Rhea is a revolutionary crypto-equity hybrid token.
Use the Rhea token to buy and sell options on our platform or provide market liquidity for extra return.
Our token will provide a quarterly dividend to all token holders and market participants

ICO starts October 2nd.
Visit https://rheatoken.io/

ICOnow: How well does your team work together? 
Rhea Team: We go way back – working on an exciting project with your closest friends makes the process easier. Our team is well balanced and we have a lot synergies. Everyone is performing his daily tasks, while at the same time providing support to other team members. As is the case in most start-ups, everyone does a little bit of everything.

ICOnow: Which projects were implemented by your team or part of your team earlier?
Rhea Team: We have worked on other projects in cryptocurrencies, but more related to mining. We have provided consulting services to investors looking to set up their own mining operation, so we gave them A-Z consultations and assistance.

ICOnow: How long have you been working on this idea?
Rhea Team: We came up with the idea in the first days of May and started writing the WhitePaper immediately after. Every day we have put in a lot of effort to make Rhea better.

ICOnow: What risks do you see for implementing the project?
Rhea Team: The wave of new regulations is the main risk for Rhea. If other countries follow China and South Korea with banning ICOs, then investor enthusiasm will fall, thereby reducing the potential contributions.

ICOnow: Tell us a bit more about your revenue model?
Rhea Team: In the first half of 2018, Rhea’s only revenue will be transaction fees on the options trading platform, which we will share with all token holders (as you already know). After the Cryptofund is launched, we will also have a share of the profits the fund makes. The ICO proceeds will not be used to distribute outrageous bonuses like most iCOs do nowadays. Instead, all the funds will be dedicated towards providing a better service. We firmly believe that the revenue stream will pick up once the platform has been launched and fully operational.

ICOnow: Why do we need your tokens?
Rhea Team: The Rhea tokens give you multiple ways of participation. To be precise, they can be used to trade options on our platform, which means that, for the first time, crypto investors will be able to speculate on the entire cryptocurrency market and hedge their exposure within the same platform. In addition, tokens can be held for a 3-month dividend. Finally, Rhea tokens can be contributed to the Cryptofund once it’s operational – this means investors can put their money in a hedge fund without having to go through tedious administrative processes and opaque accounting.

ICOnow: We point out four areas of business activity: marketing, technical input, economic components, management. Who competently deals with these issues in your company?
Rhea Team: As previously mentioned, we are a group of young people, who have known each other for a long time. There businesses activities you described each represent an area of expertise, for which one team member is in charge. However, the work load can be too much on a single person, so we tend to help each other out as much as possible. For this reason, it would be unfair to say that someone is solely in charge of marketing, for example, whereas in reality all 5 of us actively participate in promoting Rhea.

ICOnow: How will your project address this problem, market deficiency or opportunity in a unique way?
Rhea Team: By offering easy and cheap ways for investors to speculate on the market and  hedge their cryptocurrency portfolios, we are solving several problems at the same time. One of them is specific knowledge – investors no longer have to learn the specifics of each cryptocurrency, they can speculate on the entire market. Another one is fragmentation – the lack of accurate and reliable representation of the cryptocurrency market by a consistent and trustworthy index. High volatility is the main issue of cryptocurrencies, which means large fluctuations in their prices. By giving investors access to options on the Crypto20 (our main index), they can trade a less volatile product, with more predictable cash-flows. What’s more, options themselves give a “stop-loss”, so people can rest assured that they won’t wake up one day, see a big announcement that has led to a huge price drop in all cryptocurrencies and lose half of their money. Protection against downside risk is a serious market deficiency, which we also address with the options platform – hedging against price drops is as easy as purchasing a put option on the Crypto20.

ICOnow: What about competitors?
Rhea Team: There are 2 projects which go down the same route of providing hedging opportunities, but neither focuses on options trading and dividend payments (also no Cryptofund). For this reason we believe that we don’t have any direct competitors because there is no one doing exactly what we are.

ICOnow: Which permitted legal field did you choose for the company?
Rhea Team: Rhea is an internet company that will provide financial services to token holders.

ICOnow: Did you calculate the profitability of your business?
Rhea Team: It’s very hard to calculate profitability when the options platform is not yet running. Profitability becomes even harder to calculate once you take into account trading activity on the platform – there is no accurate way we can measure how much trading there will be. Despite this, our low cost structure will enable us to operate even if the activity is very low.

Web https://rheatoken.io/
Linkedin https://www.linkedin.com/company/18222946/
Facebook https://www.facebook.com/rheatoken
Twitter https://twitter.com/rheatoken
Github https://github.com/RheaToken
Telegram https://t.me/joinchat/GhB3YQ6dFhsQ5y1QgPUF7Q

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