ABOUT 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.
PROBLEM:
Currently, the money transfer market costs more than $ 500 billion, but for the high profitability and popularity of this niche, there are still a number of problems present in the industry. Issues such as high commissions, lack of transparency, duration of operations, still put their shadow on the popularity of the platform for remittances.
NECESSITY AND RELEVANCE OF A NEW PLATFORM:
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.
PROCESS OF WORK:
In this way THE TEAM create:
- A Remyt token backed by 0.01g of physical gold for a start, to secure your funds while you use our services
- An investment mechanism to enable you make additional income towards meeting your dream financial goal
- An ecosystem that enable Money Transfer Operators, Cryptocurrency traders/professionals to partner with Remyt.
MODEL OF WORK:
- Select an agent in your country of origin/location
- Enter amounts and destination country
- See fees
- Enter Recipient details
- See summary of the transaction
- Pay to the agent in your country of origin/location
- You can cancel for a full refund within 30 minutes of payment, unless the funds have been picked up or deposited
- You and the recipient will get an SMS and email when the money is sent and received (usually the recipient receives the funds within 30 minutes to an hour)
TOKEN INFO:
- Each Token Remit is backed by 0.01g of physical gold to start, which is held in some secure storage facility. At the end of each financial quarter, 20% of total profits (from internal exchange fees, Remittance administration costs, CIP administration fees) will be used to purchase more gold so as to increase our gold reserves. Every half year gold reserves will be audited by a third-party audit whose report will be available to the token holder.
- Remyt Pre-ICO will be held on April 1, 2018 while ICO will begin on April 23, 2018 and end on July 6, 2018. During the ICO period, 5,000,000 Token Remyt will be sold in 5 rounds of 1 million each. Each round will last for 7 days based on whom he can quickly. ICO price will increase each round by $ 0.1
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.
THE ROADMAP:
READ MORE AND FOLLOW LINKS:
- Website: [https://remyt.org/]
- White Paper: [https://remyt.org/whitepaper.pdf]
- ANN: [https://bitcointalk.org/index.php?topic=3179339/]
- White Paper: [https://remyt.org/whitepaper.pdf]
- Facebook: [https://web.facebook.com/remytproject/]
- Twitter: [https://twitter.com/remytproject]
- Telegram: [https://t.me/remytproject]
Author: https://bitcointalk.org/index.php?action=profile;u=1384271