{"id":20,"date":"2023-01-19T15:30:56","date_gmt":"2023-01-19T20:30:56","guid":{"rendered":"https:\/\/reaper.financial\/?page_id=20"},"modified":"2024-01-02T23:39:49","modified_gmt":"2024-01-03T04:39:49","slug":"faq","status":"publish","type":"page","link":"https:\/\/www.reaper.financial\/faq\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"\t\t
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Reaper Token<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is RPR?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

RPR is the native Cryptocurrency of Reaper Financial which represents voting power in a market regulation mechanism.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWho created Reaper?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Reaper Financial LLC was founded by Patrick L. Riley in October 2021.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow does Reaper work?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

To learn how RPR functions, please review our whitepaper and tokenomics.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the Permanent DRIP Fund?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The Permanent DRIP Fund (PDF for short) is a trust fund managed by Reaper Financial on behalf of the RPR token holders. The goal of the PDF is to be safely invested to earn a yield which will be shared amongst the RPR token holders.<\/p>

Since the FTX fiasco and Centralized Exchange instability, the PDF has been on a cold storage wallet (100% in XRP at this time), growing after each reaping, although not earning a yield at this time. We are looking forward to the XLS-30d XRPL amendment (Automated Market Maker) and considering using the PDF to earn yield leveraging this AMM functionality.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat are your short, medium, and long-term goals?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

In the Short term we want to build out RPR voting systems and list on at least three centralized exchanges. A medium time-frame goal is to establish ourselves as the definitive profit-driver during a bear-market. Our long-term goal is to expand from Cryptocurrency into the Stock-market and all other areas of digital assets.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tCan I make money with Reaper?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

There are multiple strategies you can employ to make profit by leveraging RPR at your own risk.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow are RPR tokens created?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

New RPR are minted by the founders on a monthly basis at a rate of no-more-than 1,000,000 RPR tokens per month.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat determines RPR's price?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The price of RPR is determined by the free market.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t