Refund Coin Price Surges 191% After Airdrop Launch
- Refund Coin Launches RFD Token Airdrop: Blockchain project Refund announced the launch of its RFD token airdrop on May 25. The resulting network activity helped boost the RFD coin price.
- RFD Price Rallies 191%: The Refund coin airdrop helped the RFD token price rally 191% from May 25’s daily low of 0.0001239 to form a high near $0.00036 before bears paired gains.
- Obscure Tokenomics & Blurry Use Case: Despite its passionate mission, the RLD token is, in essence, a memecoin with an obscure tokenomics and blurry use cases.
Refund Coin Launches RFD Token Airdrop
Blockchain project Refund announced the launch of its RFD token airdrop on May 25. The resulting network activity helped boost the RFD coin price. Refund is a blockchain project claiming the backing of crypto whale Blurr.eth, rumored to have a net worth in nine figures. The project claims Blurr conceived the project as a “daring game theory experiment,” aiming to give back to the crypto community.
RFD Price Rallies 191%
The Refund coin airdrop helped the RFD token price rally 191% from May 25’s daily low of 0.0001239 to form a high near $0.00036 before bears paired gains. Despite the rally, the RFD coin price remained nearly 71% down from its May 23 all-time high of $0.0007845, highlighting the token’s high volatility. Per the Refund Coin’s Twitter page, 18 exchanges have listed the RFD token, including BitMart, CoinEx, BigONE, BitForex, MEXC Global, Bitget, LBank and Poloniex Exchange etc..
Influencer Endorsements for Refund Project
The project has found endorsements from several crypto influencers like Jack Liu who called it “a mission that transcends our individual efforts.” Moreover he called on his followers to spread word about Refund tokens.
Obscure Tokenomics & Blurry Use Case
Despite its passionate mission however ,the RLD token’stokenomics remain obscure ,with only total supply being revealed bytheproject . There is also no information regarding distribution while top 10 wallets account for nearly quarter of circulating supply which puts decentralization claims into question . Moreover there are no clear cut use cases except bestowing “ generosity upon community.”