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.
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.
- Backed by Gold
- Growing value
Name: Remyt Token
Total supply: 5,500,000
Decimal place: 18
Accepted Currencies: BTC, ETH, LTC, EOS
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.
Start date: April 1, 2018
Start date: April 23, 2018
End date: July 6, 2018
Starting Price: $0.50 (increases every round by $ 0.1)
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
White Paper: https://remyt.org/whitepaper.pdf
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1620264
Eth Address: 0x2F646B6A6085d34B0Efc88C1b0DCaa8B3af2E53C