Robinhood Equity Token (RHET)
“RHET is a security token that derives its value from secondary acquisition of securities of Robinhood Inc”
August 15, 2018
January 12, 2019
If you haven’t heard of Robinhood Inc, it’s a leading mobile investing and trading app. You can use it to trade stocks, ETFs and cryptocurrencies with minimal fees. For some stocks, there is even an option to trade with leverage which makes it an attractive choice for the high risk traders. In August 2018, Robinhood Inc. announced its Robinhood Equity Token – RHET. According to their announcement: “RHET is a security token that derives its value from secondary acquisition of securities of Robinhood Inc” Essentially the token will rise in value as Robinhood’s shares do, and vice versa. By purchasing RHET one is essentially getting an ownership stake in Robinhood Inc. The STO ended on January 12th, 2019.