CoinFLEX Issues rvUSD Token to Cover for Investor’s Default on Debt

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Coin Futures Lending Exchange (CoinFLEX) issued a new token called Recovery Value USD (rvUSD) on Tuesday.


Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

The token, whose issuance will be halted on July 1, 2022, is targeted at covering the shortfall in the trading platform’s books.

According to CoinFLEX, the issuance price for the token is 1 USD Coin for 1 rvUSD.

As the maximum amount to be issued has been pegged at 47 million rVUSD, this means that the trading platform is trying to raise $47 million from the token issuance.

According to a whitepaper on rvUSD published by CoinFLEX, only non-US resident sophisticated investors are eligible to buy the token.

Additionally, the crypto platform disclosed that rvUSD attracts a 20% annual percentage rate (APR) that is paid daily in rvUSD.

Coin Futures Lending Exchange (CoinFLEX) issued a new token called Recovery Value USD (rvUSD) on Tuesday.

The token, whose issuance will be halted on July 1, 2022, is targeted at covering the shortfall in the trading platform’s books.


Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

According to CoinFLEX, the issuance price for the token is 1 USD Coin for 1 rvUSD.

As the maximum amount to be issued has been pegged at 47 million rVUSD, this means that the trading platform is trying to raise $47 million from the token issuance.

According to a whitepaper on rvUSD published by CoinFLEX, only non-US resident sophisticated investors are eligible to buy the token.

Additionally, the crypto platform disclosed that rvUSD attracts a 20% annual percentage rate (APR) that is paid daily in rvUSD.

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