REMYT – INTERNATIONAL MONEY TRANSFER PLATFORM
Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.
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.
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.
FEATURES OF REMYT PLATFORM
BACKED BY GOLD
Each Remyt Token is backed by 0.01g of physical gold for a start.
20 percent of our profit will be used to buy more gold every Quarter.
Audit of our gold reserve once every half-year
TOKEN SALE AND ICO
Name: Remyt Token
Total supply: 5,500,000
Affiliates & Bounty: 200,000
Remyt Team: 200,000 ( Locked for 2 years )
Decimal place: 18
Start date: 1st April 2018
Mode of Remyt Purchase: Bitcoin, Ethereum, Litecoin, EOS
Starting Price: $0.50
Remyt Pre-ICO will begin on April 1, 2018
ICO will begin on April 23, 2018 and finish on July 6, 2018.
During the ICO period, 5,000,000 memories will be sold in 5 rounds of 1 million each.
Each round will last 7 days from the date of first reception. ICO price will increase every round by $ 0.1. The price for ICO is $ 0.50 per token (only 100,000 replica tokens will be sold in just one day based on the first receipt)
Operations – 5%
Legal – 10%
Purchase of Gold – 20%
Ecosystem and Community Development – 25%
Cryptocurrency Trading – 30%
Marketing and Business Development – 10%
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
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field. We are not just a company founded solely for ICO.
Be a part of this tremendous project and follow these links for more information;
White Paper: https://remyt.org/whitepaper.pdf