The blockchain technology is evolving quite rapidly. It is penetrating in all the business areas and become more visible across several financial domains. However, a lot of issues still exist in the current retail setup, which are frustrating the merchants and consumers. Everybody needs a reliable solution and Rate 3 is promising to provide a better solution to deal with all the existing issues with the present system.
Rate 3 is designed to be a decentralized dual protocol for global payment and credit scoring. It comes with a cross-chain design that features its presence on both Ethereum contracts and Stellar Network via hashed time locked contracts. This platform will feature the Rate 3 Token that will be utilized in this ecosystem to make principle transactions quite securely, efficiently, and quickly. Every successful transaction will feature an alternative credit score that will help the participants in gaining access to credit.
It is active now:
You will be glad to know that Rate3 Network has activated its Testnet dApp and it is working exceptionally well now. The leading investors are backing this platform, which includes Signum Capital and its portfolio comprises Zilliqa, aelf, TenX, Republic Protocol, Kyber Network, Jun Capital, Insignia Ventures, and Alpha JWC Ventures. In addition to the investors, this platform is supported and evolved with the help of advisors like Shi Yi (DATx, OBike), Loi Luu (Kyber Network), David Su (Matrix Partners China), and Tan Yinglan (ex-Sequoia Capital).
Issues Rate 3 Network is going to resolve:
The developers invested their time in analyzing all the major issues the merchants, users, and investors are facing at the present time. They come up with a great solution for the issues like:
- Loose processing fees and long time required for transfer.
- The lack of access to credit and verification protocols.
- Overall network reputation and the lack of trust.
This platform will introduce a novel blockchain-based token that will be used in this ecosystem, which will connect merchants, buyers, and other parties on the same network and platform. You can do your research and you will find that Rate 3 Network is completely decentralized and features an impressive transparency whenever a transaction takes place. It is the solution for some major issues faced by the consumers and merchants. Its features seem simply appealing and therefore it is a worth investable token.
Key features of Rate 3 Network:
Hence Rate 3 Network is active and we can measure its actual features, here is what we found.
- Conversion capabilities
- Efficient payment solution
- Good usability
- Accountability
- Incentive Driven Ecosystem
- Dispute Resolution
- Pleasing Conversion Rates
- Cross-border transactions
- Low processing fees
As you can see now, this platform has plenty of features which are hard to find in a single blockchain-powered ecosystem. It has the potential to offer a fair and easy trade. It does not matter that you are dealing with a merchant who belongs to your country or not. This platform will let you in smoothly conducting all your trades.
Token details
ERC-20 Compatible
Total supply: 1,000,000,000
Symbol: RTE
ICO Start date: Jun. 1, 2018
ICO End date: Jul. 31, 2018
ICO Price: 1ETH : 16,000 RTE
Links
Website: https://www.rate3.network/
Whitepaper: https://uploads-ssl.webflow.com/5a7d218d6001ff0001f3d5cc/5ad35af33b9e2b4ad1a019e2_Rate3%20WP%20v2.0.pdf
Telegram: https://t.me/OfficialRate3
Posted from my blog with SteemPress : https://icoshrimp.com/offering-a-reliable-solution-for-cross-border-payments-with-additional-features/