Introduction :
Hello all. Currently large projects are underway and one of the most interesting is Remit. In the current era of digitalization, Smart contracts are useful for how consumers interact with service providers and merchants. However, What prevents the mass adoption of smart contracts is the lack of programming skills. Not everyone knows how to write smart contracts because it requires extensive programming knowledge and not everyone is a programmer.
WHAT IS REMIIT?
The REMIIT Revolution Project is a money transfer and billing platform. Blockchain connects many different companies and users through a blockchain-based smart contract system. REMIIT strives to enable business scalability in the money transfer business and offers users a cheap and transparent process with value stability through a two-level token system. REMIIT wants to create markets and ecosystems that enable local businesses to grow while offering transparent money transfers to users.
REMIIT will create faster and more transparent payment and transfer systems while enabling money transfer operators (MTOs) and financial institutions to create trusted cross reference communities.
REMIIT Reputation Rating System, which is the main feature of the platform, allows these operators to focus on their money transfer activities with MTO or other partners and make transfers secure. The vision of the REMIIT project is to enable MTOs worldwide to expand to developed and developing countries as reliable money transfer service providers in the market.
This project is based on a two-tier token system, namely REMD and REMI. REMD is an efficient transmission mode and REMI is for mining gifts. This platform also ensures that transactions are carried out by the same payment service provider and money transfer agent, so that everyone stays in the circle of change. They also support the work of users with a smart phone application that is perfect for users. They cleverly divided their platform into two parts: intellectual contract (RSC) and payment gateway (RPG). This first helps to connect and collaborate on a small scale abroad, while the second is designed for payment user interfaces that work with certain protocols. They have developed a payment method that helps users make payments without contacting third parties / brokers or banks that charge a lot of money
Problems
They briefly mentioned above that remittances and payment methods available abroad cause many problems. This is a true story related to the current economic structure and lifestyle, which is considered a problem where many companies have worked on blockchain based solutions. The main problem raised was expensive money transfers and slow transaction speeds. These companies have proposed different solutions to this problem.
Solution Of Current Remiit
Current remittance system has a lot of issues like reliability and security issues; in the current system in order to send money to other country, you should have a trustable party. Throughout the whole process centralized financial institutions charges good amount of fees on transaction and also speed is slow. International remittance system like SWIFT has a lot of security issues and biggest hack attack happen on his network of about 81 million. KYC is required to verify overseas business parties that consume time and effort. Current remittance systems are not transparent; we do not know why they are charging you fees.
Token Details
Token :
REMI
PreICO Price :
1 REMI = 0.01 USD
Price :
1 REMI = 0.01 USD
Bonus :
Available
Bounty :
Available
MVP/Prototype :
Available
Platform :
Ethereum
Accepting :
ETH
Minimum invesment :
0.5 ETH
Soft cap :
5,000.000 USD
Hard cap :
20,000.000 USD
Country :
Singapore
Whitelist/KYC :
KYC & Whitelist
Registricted areas :
USA, China, Singapore, Iran, Iraq, Syria.
Token Distribution
Roadmap
Team Remiit
Blockchain technology will provide many benefits. But there are still many assignments about how or how to approach users so this hl can actually happen. Because Remiit himself admitted that it was useless if he had a great technology that was reliable in any field but was not used or utilized properly, so Remiit aimed for "customer experience" which exceeded "usability"
That is the function of Remiit with its usefulness which aims both to solve problems that exist with sophisticated technology and do not need to think long. And then I will explain about the ICO and the distribution of the Token.
Remember that this is the social networking of the project, thank you for always receiving information. If you are hesitant not to wait and contact them, they will be happy to answer you. To find more relevant details of the project, please follow some resources for the following references:
Website: https://remiit.io/
WhitePaper: https://bit.ly/2Pl0m2b
Telegram: https://t.me/remiit
Facebook: https://www.facebook.com/remiit.io/
Twitter: https://twitter.com/remiit_ico
Medium: https://medium.com/remiit
ANN: https://bitcointalk.org/index.php?topic=4929374
Author by : muzaki12345
Bitcointalk URL : https://bitcointalk.org/index.php?action=profile;u=2045572
My Etherwallet : 0x71E93774Cc47ccB6FC710Cab1Ab745B1dE578E39