B.R. Johnson
The Reaper LLC
The DRIP is Set to Start After the Next Reaping and Will Drop XRP Directly to RPR Holders Plus Every Vote Now Counts.
Austin, TX: The Reaper LLC., the company behind The Reaper cryptocurrency token RPR, announced on a live AMA with JTXRP that phase 2 and phase 3 of their white paper will begin with the next Reaping. After launching The Reaper project only three months ago, The Reaper has already demonstrated their utility in burning other tokens. They have now entered phase 2 with the implementation of the DRIP funding, along with phase 3, every RPR vote counts.
With the successful testing of the Drip tool completed, The Reaper LLC has been able to ensure that all holders of the RPR token will receive Drip payments. This allows them to move into phase 2, which includes stimulus payments while the interest bearing Drip account is being funded.
Phase 3 has also been activated, making every vote count. No more winner takes all. Whichever project a holder votes for will now be Reaped at the percentage of votes it receives.
According to CEO Patrick Riley in reference to the announcement and passive income, “It’s important to us to deliver and deliver quickly, in a succinct manner.”
With a successful testing of the DRIP tool, and the implementation of Phase 2 and Phase 3, The Reaper will now:
– Divide each Reaping into three parts; the Drip, the Stimulus and the Reap
– 25% of the funds raised, the stimulus, will be paid out to RPR holders via XRP
– 25% of the funds raised, the DRIP, will be placed in an interest bearing account for future DRIP payouts
– 50% of the funds raised, the Reap, will be used to purchase and then Reap targeted tokens(48.5% for the Reap and 1.5% to Reaper Financial)
– Make every vote count, no matter who a RPR holder votes for, that project will receive a percentage of the Reaping
Moving these matters forward will benefit RPR holders and incentivize new market participants interested in passive income. Follow us on Twitter for timely updates.
