Nothing Ventured, Nothing Gained

Rhino marking territory

We all know, to a lesser or greater degree, about the plight of the Rhino. Many experts say that we have already passed the ‘tipping point’ for these iconic animals. While accurate stats are not available, reported figures site only around 26 000 rhino surviving in the wild, across all five species in the world; with some stats from reputable sources siting figures as low as 20 000.

As around 80% of the world’s remaining rhino population is in South Africa, South Africans hold the primary responsibility for their survival and we – the citizens and guardians of the earth – can either go down in history as the people who let the rhino die, or as the ones who saved the rhino.

“As human beings we have a duty to protect the natural world and the white rhino is an iconic symbol. It’s one of the oldest species on our earth. The world has to wake up. We’re losing our heritage.” – Dr Ian Player.

The poaching crisis and the consequent plight of the rhino has captured the hearts of the world. It’s something people care deeply about and as such, rhino conservation is one of the most donated to causes in the world. Why then, with all that international currency being channelled to SAVE THE RHINO, are rhinos still being slaughtered at a rate of three a day and are still on a fast-track to extinction?

There are a number of crucial factors at play, but one of them is that only a very small percentage (some say only around 10% and some say as low as less than 2%!) of the funds raised to save the rhino actually reach the rhino ‘on the ground’. Up to 90%+ of the money is being appropriated for ancillary ‘overhead cost’ purposes, such as “admin”, rather than going to the actual programmes they are designed to fund.

Another huge stumbling block in the path to saving the rhino is the two opposing camps that have developed over time: One for the legalisation of trade in rhino horn, as the only viable means to stop poaching; and one against. But, while the two factions fight on, the rhinos continue to die and the only parties that are benefiting from this ongoing campaigning and stand-off are the crime syndicates behind the illegal wildlife trade.

For our part, we are absolutely clear on one thing: Rhino should roam free in their natural habitat and state without the fear and threat of being slaughtered for their horn.

Rhino and Zebra

The reality is, there is simply no stopping the demand for rhino horn in the short term. The voracious appetite from a wilfully indifferent market that has no regard for the inherent value, as sentient beings, of rhinos.

When it comes to the survival of rhino, we can no longer afford to be idealistic, or stand aside and debate opposing views. We do not have the luxury of time. We are at the point of no return and what has been done and what has been in place to stop poaching has not worked. Now is the time, our last opportunity, to do something different.

While cryptocurrency has been around for nearly a decade already (specifically Bitcoin), it’s taken the world by storm and exploded into the mainstream arena over the last twelve months. The concept of cryptocurrency is now quickly gaining ground and comprehension of its value and use in broader society – ordinary people like you and I – and is heading towards world-wide adoption.

Cryptocurrency was originally created to serve as a decentralised (not regulated by any institution or government) payment system, operating on a peer-to-peer basis and providing for easy, fast, secure online transactions, on an international level.

But nowadays, the broad cryptocurrency concept – this fascinating alternative to traditional currency – is being referred to as the “Financial Revolution”, “Crypto-Fever”, “the future” of finance; and is being viewed more in terms of investment opportunity.

In 2017, Bitcoin delivered a return of more than 1,000%. As it reached its peak late in 2017, around the world, millionaires (and some billionaires) were, quite literally, made overnight. Following on that explosion in value and the unprecedented financial gains enjoyed by many early adopters, FOMO (Fear of Missing Out) has set in and masses of people, who didn’t get on board previously, began scrambling to join in. Investor enthusiasm is growing by the day.

What’s the catch? The cryptocurrency market is incredibly volatile! That means that there are lots of opportunities for huge gains AND for losses. How do you know which coins will succeed and that investing in them will yield good returns? You don’t! And in addition, because cryptocurrency is decentralised and unregulated, should you somehow lose your coin or your coin is stolen, you have no recourse to get it back. Also, cryptocurrencies like Bitcoin have no underlying, or “intrinsic” value, beyond whatever people are prepared to pay for them. Clearly, if one were to invest in cryptocurrency, it would be important to try and identify the most promising coin and ensure that you choose an exchange platform that offers top security, and that you manage your coin security according to best protocols. One should certainly enter cryptocurrency investing with caution.

On the flip side, of course – nothing ventured means nothing gained and “he who dares, wins”.

Baby Rhino

But, imagine if you could invest in a cryptocurrency that represented an underlying economic value and that was capable of being redeemed on a one-to-one basis.

Imagine further, if you would – to get back to the plight of the rhino and our obligation to play a meaningful part to SAVE THE RHINO – if you could bring these huge and vastly significant concepts together and create firstly, a new cryptocurrency; secondly, underpin that cryptocurrency by blood free rhino horn, which will be stored and locked away in vaults here in South Africa; and thirdly, establish that cryptocurrency so that when that coin is traded for the first time, more than 70% goes to RHINO CONSERVATION, boosting rhino numbers, discouraging illegal horn trade and BENEFITING COMMUNITIES around rhino reserves, which in turn discourages poaching.

In order to come up with a solution to save the rhino, we have to be imaginative and creative far beyond old approaches and that is how Rhino Coin came to life.

71% of each introduction of Rhino Coin, after the “proof of legal rhino horn reserves” audit, will be used to promote and strengthen rhino conservation efforts. A foundation – The Rhino Coin Foundation – has been established to manage, determine and oversee the disbursement of the Rhino Coin Foundation fund.

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