Hi Das, there are many reasons for the delays on RioDeFi's product offerings, including tech development issues, delays from thi
10 Jul 2023, 08:42
Hi Das, there are many reasons for the delays on RioDeFi's product offerings, including tech development issues, delays from third-party vendors, regulatory changes, and others. Regarding the RFUEL staking program, we initially halted it in preparation for the parachain offering, but we ultimately decided to delay that at this time. We also feel that distributing continuous RFUEL staking rewards during the current market may lead to further downward pressure on the price.
Ultimately the choice to buy, hold, or sell RFUEL or any other token lies with each person, and it's not something we can advise on. As a large RFUEL holder myself, I understand that it's been hard to go through the ups and downs, especially during this bear market and with few substantial updates from our side.
For now our focus is on preparing for the RioStox launch later this year as we believe that Security Token Offerings (STOs) and the tokenization of real-world assets will be one of the leading trends of the next bull market as it's something that even Blackrock is getting into:
Blackrock CEO Larry Fink asserted that “if we can create more tokenization of assets and securities .. it could revolutionize … finance.”
We're planning for RioChain to be one of the key technologies for STOs, but this will take additional development time and resources, and I don't have a clear roadmap for that at this stage.