WHAT IS REMYT?
Remyt is a decentralized peer-to-peer application platform, which provides an ecosystem where users have one wallet that enables them to send funds across borders. Remyt will make the process of money transfer by a foreign worker to an individual in his or her home country simple and fast.
Today the remittance market is worth over $500 billion, but it is still faced with derisking, high fees, insufficient transparency, Increase in settlement time, which threatens to make it more difficult for many to send and receive money.
Banks are responsible for major remittances in the world, but there are three dominant operators in the non-bank sector: Money Gram, RIA and Western Union. They operate about 1.1 million retail locations in 200 countries. However there are other players in the industry like: Currencyfair, Xe, world remit, transferwise etc. Remyt aims to decentralize remittance processes using blockchain technology by offering the cheapest fees, transparency and instant access.
The proportion of the remittance industry is more than $500 billion the goal of Remyt is to penetrate 5 percent of the market by the end of 2022
WHAT CAN I DO WITH REMYT TOKEN?
Send funds to any individual/Organization worldwide (Terms & Conditions apply)
Security deposit in our Remyt Partnership Program – RPP (Terms & Conditions apply)
Invest in our Crypto Investment Program (CIP) to earn daily between 0.01% up to 2.25% until a minimum of 20%, up to a maximum of 40% is fully earned per month (*Terms & Conditions apply)
Trade on Crypto Exchange Platform
FUNDS ALLOCATION
Operations – 5%
Legal – 10%
Purchase of Gold – 20%
Ecosystem and Community Development – 25%
Cryptocurrency Trading – 30%
Marketing and Business Development – 10%
COIN SPECIFICATION
Name: Remyt Token
Symbol: XRT
Total supply: 5,500,000
ICO: 5,000,000
Affiliates & Bounty: 200,000
Remyt Team: 200,000 ( Locked for 2 years )
Pre-ICO: 100,000
Decimal place: 18
Platform: Ethereum
Start date: 1st April 2018
Mode of Remyt Purchase: Bitcoin, Ethereum, Litecoin, EOS
Starting Price: $0.50
FEATURES
BACKED BY GOLD
Each Remyt Token is backed by 0.01g of physical gold for a start.
GROWING VALUE
20 percent of our profit will be used to buy more gold every Quarter.
TRANSPARENCY
Audit of our gold reserve once every half-year
REMYT ICO
Remyt will issue an ERC20 Remyt Token (XRT) for its ICO, which will be utilized as a medium of exchange in the Remyt Ecosystem.
Each Remyt Token is backed by 0.01g of physical Gold for a start, held in multiple secure storage facilities. At the end of every financial quarter, 20% of total profits (from internal exchange fees, Remittance administrative fees, CIP administrative fees) will be used to buy more gold thereby increasing our gold reserve. Every half-year the gold reserve will be audited by a third party audits whose report will be made available to token holders.
Remyt Pre-ICO will be on the 1st April 2018 while ICO will start on the 23rd April 2018 and end on 6th July 2018. During the ICO period 5,000,000 Remyt Token will be sold in 5 rounds of 1 million each. Each round will last for 7 days on first come first serve basis. The ICO price will increase each round by $0.1
There will be no peer to peer sales of Remyt Tokens until internal exchange is ready. (Beware of those offering to sell Remyt Tokens via social media)
Pre-ICO Price – $0.50 per token (only 100,000 Remyt Tokens will be sold in just one day based on first come first serve basis)
REMYT ROADMAP
After ICO : Token Distribution, Launch Crypto Investment program (CIP), Launch Internal exchange
Q4 2018: Launch Escrow Platform
Q2 2019: Launch Remyt Application Platform, Launch iOS/Android Application
Q3 2019: Listing On External cryptocurrency exchange platform
Q4 2019: Launch RemytPay for merchant and Remyt Debit Card
Q2 2020: Expansion to capture 5% of global remittance market by end of 2022
MORE DETAILS FOLLOW LINKS HERE:
Website: https://remyt.org/
Whitepaper: https://remyt.org/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3179339/
Telegram: https://t.me/remytproject
Facebook: https://web.facebook.com/Remyt-178322529437719
Twitter: https://twitter.com/remytproject
Author: KOVALENKOV
https://bitcointalk.org/index.php?action=profile;u=1838510
