THE GENERAL CONCEPT OF REMIIT PLATFORM:
Introduction:
REMIIT is a decentralized platform. It aims to create an effective structure for foreign exchange and block technology payments. Remiit is built on the blockchain platform, and it will be able to connect every MTO in the world. They have a reputation evaluation system, which is an important part of the project. This assessment allows operators to transfer their money to other MTOs around the world safely and securely. It is the entire ecosystem that brings new possibilities. Each user of the system will be at the center of business relationships and overcome existing problems by creating a large number of channels for working with e-money. Well, with money transfer to another country, the scheme is much more complicated. In addition, remittances are limited to limits and are subject to commissions, the size of which is sometimes shocking. The further and poorer the country in which or from where the transfer is required, the more the commission will be. Monopolists in the face of huge campaigns such as VISA, MasterCard, and Western Union and so on. Dictate the conditions and set limits on remittances around the world.
Moreover, the "exchange rate" that emerges when global funding is discussed changes as we consider dependence on political and economic hobbies among nations. Under these circumstances, there have been many revolutionary attempts to destroy inefficient constructions through applied science that rely primarily on blockchain. The primary technological knowledge of the first block of the first generation was transparency and security through distributed Ledger technology.
HOW THE REMIIT CONCEPT WORKS:
REMIIT Platform issues two types of tokens: REMI and REMD. REMI could be traded on external exchanges or converted to REMD at the quoted price. REMD could engage with Fiat or Cryptocurrencies on Remiit's own Distributed Exchange (REX), which is only available to platform subscribers. REMD is also used for real transfers. Interconnectors (ie, money transfer operators and other end users) have access to multiple customizable REMIIT Smart Templates, which can be used to transfer money between REMD's second-party clients that are automatically converted to local Fiat currencies at a guaranteed minimum rate. Smart contracts include the trust function. Linkers are rewarded for their efforts with REMI tokens and receive a larger amount, depending on how much time it takes to complete the transaction.
THE BENEFITS OF PARTNERING WITH REMIIT PLATFORM:
For starters, the system runs on a blockchain platform. It is therefore transparent and secure for all participants. System participants are known for their reputation, which helps eliminate potential fraud in the system. More importantly, optimization algorithms make the process fast and easy. In addition, it is cheap and affordable to use. The team behind the REMIIT system is an excellent system with a lot of experience to move it forward. System users can manage the credit ratings generated by blockchain transactions, allowing them to manage their credibility and benefit from a number of other benefits. Users will be able to use the REMI wallet as a direct payment method.
FEATURES OF REMIIT CONCEPT:
Remiit & Technology Platform:
Remiit also has platforms and technology, the Adoption Remiit Blockchain platform is useful for unfriendly or open money transfers and payment sectors for the adoption of decentralization and current P2P interactions. Through Blockchain Technology and Smart Contracts, Remiit will make sure to be the benchmark for Adoption Blockchain where Blockchain can be used in the case of actual businesses that work with Money transfers and payment providers that have been previously available.
Smart Contract Remiit:
Smart contracts that can be configured for depositors (ex. MTO, financial institutions are intended to expand with an easy way to establish partnerships with foreign linkers through this trust-based smart Contract.
Gateway Remiit Payment:
Protocol interface to provide payments that can be utilized by the Blockchain Remiit Remittance system as a means of processing hassle-free payments through the Bank.
CHALLENGES OF THE REMIIT CONCEPT:
This is a true story related to the current monetary structure and lifestyle. This problem has been repeatedly and consistently improved with the help of several groups working on block-based solutions. Bank transfer, of course, the ability to send money. But that's a lexical meaning from the dictionary. From a business point of view, the transfer is not a simple transfer but an additional payment and also covers "what happens when you send money". From this perspective, you will see hatred for this problem. Fixed fixed-fee fees at remote locations where remote market transfers originate from issues related to alternatives and usage.
SOLUTIONS TO THE CHALLENGES:
REMIIT strives to introduce retailers to innovations "from a new perspective", what happens when you send and receive something. REMIIT's personal ecosystem is completely based on blockchain technology for technical knowledge. REMIIT develops REMIIT Smart Contract, which allows the system to develop effectively. Every participant in the REMIIT ecosystem is at the center of a business relationship. Thanks to this ecosystem infrastructure, each participant can create many channels to solve existing problems. In the end, barriers from the foreign trade ecosystem are overcome by using fewer channels, growing markets, and growing businesses.
ICO TOKEN INFORMATION:
The number of tokens issued is 6,000,000,000 REMI
Price of 1 REMI = 0.01 USD
Soft stamp: 5,000,000 USD
Hard cap: 20,000,000 USD
Payment is received at ETH.
Token Distribution:
40% of sales
15% team
13% reserve
Founders 10%
10% Creation market
5% advisor
5% partner
2% Community
ROAD-MAP:
TEAM MEMBERS:
For More Information On Remiit Project Please Visit The Links Below:
Website: https://remiit.io/
Telegram: https://t.me/remiit
Reddit: https://www.reddit.com/r/REMIIT/
Whitepaper: https://remiit.io/static/remiit/images/Whitepaper_REMIIT_Eng.pdf
Ann Tread: https://bitcointalk.org/index.php?topic=4929374
Author’s Details:
My Bitcointalk Username: Dtotti78
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2343031