Second Open Market Purchase: COMPLETE

1% of Total Supply Burned

Exciting News:

unFederalReserve is thrilled to announce that our second open market purchase has been completed. We accepted payment from a licensee and converted it into $eRSDL. Residual Token then burned the purchased eRSDL tokens as per our Licensing-As-A-Service model.

The transaction can be found here: https://etherscan.io/tx/0x20828ae8ffe168871dd142125b65bacac55121ac22236eaa2c7202c37f1340aa

As a result of the open market purchase, approximately 4.5 million eRSDL tokens, or 1% of total supply was acquired and burned.

To date, approximately 5.6 million or ~1.25% of total supply has been burned.

Background:

ReserveLending is operated by a team separate from the intellectual property group that made the software, and must license unFederalReserve’s software. The granting of a license consists of three types of information: identity, payment and term. eRSDL as a digital marker works in combination with our wallets to capture, process and manage those three elements. The transaction is one part of a demonstration supporting eRSDL’s utility to track the license’s active status.

unFederalReserve powers ReserveLending, a product that allows digital asset holders to borrow and lend their crypto coins anonymously. This second open market purchase transaction is ReserveLending’s operators paying for that software.

About Residual Token, Inc. dba unFederalReserve

In business since 2018, Residual’s team of former bankers, technologists, and compliance professionals have been exploring ways to make crypto lending and borrowing markets safer and traditional markets more efficient. They currently have in development a handful of blockchain-based software available for license. Its flagship product, ReserveLending, allows permissionless access to crypto holders to deposit, earn and borrow top digital assets safely, efficiently, and effectively for cash management, hedging, or speculative purposes.

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Although the material contained in this website was prepared based on information from public and private sources that Residual Token, Inc. d/b/a unFederalReserve believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and Residual Token, Inc. expressly disclaims any liability for the accuracy and completeness of information contained in this or any article.

This article, our website, social media posts and other public forum materials are distributed for general informational and educational purposes only and is not intended to constitute legal, tax, accounting, or investment advice. The information, opinions and views contained herein have not been tailored to the objectives of any one individual, are current only as of the date hereof and may be subject to change at any time without prior notice. Residual Token, Inc. does not have any obligation to provide revised opinions in the event of changed circumstances.

All investment strategies and investments involve risk of loss. Nothing contained in this website should be construed as investment advice. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

Any ideas or strategies discussed herein should not be undertaken by any individual without prior consultation with a finance, tax or legal professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal objectives, needs and risk tolerance. Residual Token, Inc. expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.

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unFederalReserve

unFederalReserve

‘Credit vs Cash’ spot market fintech using blockchain protocols. Great liquidity access. Instantaneous settlement. $ersdl #DeFI #middlemarketdefi #uniswap