Overview
Ragnarok will be the reserve currency for a strong community of like-minded investors, traders and digital currency enthusiasts. The first use case for the RAGNA community will be the reserve currency for a CoinMarketCap Top 10 Index Fund.
Goals
To provide value and financial freedom to our investors, community members and friends.
To tether the value of RAGNA to the best performing cryptocurrencies at this time, stabilizing the price with the crypto-standard.
To differentiate RAGNA from all other POS/MN projects
Specifications
The Ragnarok Team will take 4 BTC from pre-sale proceeds and spread it evenly across the Top 10 ranked currencies on https://coinmarketcap.com. We will split the total investment in to 100,000 equal shares of the portfolio and begin offering shares to the public. Each shareholder will have access to a public Google doc that will list the current cost of one share, their number of shares, and track the value of their shares. Each share of the Index Fund will be sold based on the current BTC valuation of the holdings in the portfolio. The google sheet will also list each wallet address where the portfolio coins will be held for the duration of their investment for visibility and transparency. That way, each shareholder can utilize the block explorer to see their holdings at all times. When the shareholder is ready to sell their holdings, the Ragnarok team will liquidate the holdings and return their choice of BTC or the equivalent in RAGNA at market value at such time minus a fee of 5% from profits only for directing and executing the fund.
Analysis
When we looked at the market over the past 6 months, we have found that even though biggest growth seasons are in the latter half of the year, the CoinMarketCap Top 10 Cryptos have shown a combined growth rate of 605% since 2017-11-15. Most POS/MN coins boast an ROI of upwards of 6000% in the first months, only to lose 75-95% of the coin’s value shortly after launch. This will give our community members a hedge and a tether to proven projects while we develop and release more use cases.