Update RBL Token on Risk management after recent events
Although RBL was already looking into risk scenario's before recent events took place, we will now move forward on risk management meaning three things:
1) RBL Portfolio will from now on also be looking to invest in early opportunity's that lay outside the FEG Ecosystem and SmartDeFi ecosystem. This is not because we no longer have faith in the ecosystem, in contrary, we believe FEG and SmartDeFi will recover from this stronger and will be more successful going forward. This is purely to diversify risks across blockchains and the full portfolio will still be generating profits to buy & burn RBL Token, the SmartDeFi token as launched on the Binance Smart Chain.
2) RBL will be looking into building a reserve liquidity pool by adding a fair % of RBL Portfolio profits to this pool as backing for each RBL Token in circulation. This backing will be additional to the asset backing already provided through RBL Tokens smart contract, but will be kept on a different blockchain and we are currently considering building a reserve in USDC combined with ISO20022 digital assets as a hedge.
3) RBL will no longer be looking to launch RBL Token with its own supply and metrics on any other blockchain. This would make the project too complex to manage from a risk point of view. So everything we financially develop now and put in place (portfolio, reserves, use cases) will solely benefit and support the value of RBL Token, the SmartDeFi token as launched on the Binance Smart Chain. However, a bridging concept to other blockchains could still be considered using the current (locked) supply and metrics. We would first have to study the technical requirements and financial consequences when the time comes.
RBL is here to stay and we will keep building and when that next bull market kicks in, RBL will be ready to rise and shine!
