Remiit ( REMI ) – Revolutionized Remittance System
There are a lot of shortcomings in the market of international money transfers. A bank of one country creates additional fees to a bank of another country, respectively, the processes of currency exchange from one to another, also lead to higher costs, while the user is forced to pay huge commissions for these operations. The REMIIT project is a decentralized platform of money transfers and payments, the purpose of which is to solve the current global social problems in the field of the international financial transfers using blockchain technology. The platform builds a trust chain between business partners in different countries, eliminating restrictions in foreign transactions, and offering more cost-effective solutions for business participants. Everything works extremely simply: The REMIIT platform database combines and correlates participants – groups or the individuals – with the REMIIT Smart Contract (RSC) smart contract. Companies select the cost of the exchange rate and services per day, and then download it to the RSC Store. Users go to the store (RSC Store) and choose a suitable more profitable smart contract. All this is transparent and safe, without any risks, you can use constantly verified partners and perform an unlimited number of transactions with minimal commission fees. As the name suggests, REMIIT supports the issues related to the remittances abroad, which are approaching the whole world, applying methods unique to this. This platform is based on blockchain technology and intellectual negotiation methods greatly facilitate the provision of business services. The service sector is very important for interacting with colleagues who return over time. Through their integration, they have developed complete the statistical reports that provide a significant increase in the effectiveness of the whole process
The purpose of the platform
Manage business confidence issues around the world and provide an excellent user experience on blockchain services and the use of intellectual contracts
Project information
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 performed by the same payment service provider and money transfer agent, so that everyone stays in the circle of changes. They also support users’ work with the perfect smartphone app for users. They have 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 latter 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
The goal of REMIIT
The essence of Remiit is to eliminate all advertisements worldwide, using block innovation, through the REMIIT Keen (RSC) contract. This phase is adjusted, although simplification supports regulation. This step allows the sender to process simple procedures when using the REMIIT framework. To allow the administration to request delivery, this phase includes the REMIIT gateway protocol and the creative structure added to the REMIIT smart contract system. So service providers will be able to improve their business and will be able to overcome unresolved problems
What is the REMIIT Blockchain platform for money transfers?
The mandate structure will be an impetus for globalization, decentralization of rules and payments. The REMIIT structure will make the existing regulatory framework and regulatory framework for more open and direct translations. This will also enable financial and credit officials to form a network of transnational regulatory agencies with reliable certification and a high reputation. These senders are based on block chains and will be able to interact with each OTO on the planet. They have a structure that evaluates the recognition of the brand, which is a key segment of the business. This assessment allows administrators to successfully execute their settlement operations with other ITOs on the planet
A key aspect of REMIIT is the two-tier system of REMI-REMD tokens, which solves external price fluctuations while simultaneously contributing to the internal business ecosystem. The REMI token, which can be purchased at the ICO, will be traded on exchanges and have a function to convert to another REMD token. The REMD token will be used on the platform, it can be exchanged through an internal decentralized exchange. The REMI token will not only ensure the stable use of the token for transactions, but also control liquidity for companies participating in the platform
For further development of the REMII ecosystem, the team conducts the ICO
• PreICO will begin on 03/09/2018 and finish on 02/10/2018.
• Public ICO is scheduled to begin on 08/10/2018 and finish on 11/11/2018.
• The number of tokens issued is 6,000,000,000 REMI
• Price 1 REMI = 0,01 USD
• Soft cap: 5,000,000 USD
• Hard cap: 20,000,000 USD
• Payment is accepted in ETH.
Distribution of tokens
• Sales of 40%
• Team 15%
• Reserve 13%
• Founders 10%
• Market creation 10%
• Advisors 5%
• Partners 5%
• Community 2%
Distribution of funds after sales
• Development 35%
• Marketing and business 25%
• Operating expenses 20%
• Legal issues 5%
• Reserve 10%
• Other 5%
The company conducts the official Bounty program, the dedicated pool is 40 million REMI (400,000 USD), you can join and help the team in advertising the project, to attract more users
2018 Q3-Private sale Advance sale.
2018 Q4-Crowd-sale KYC / AML.
2019 Q1-REMIIT Smart Contract (RSC) MVP REMIIT Wallet MVP.
2019 Q2-REMIIT DEX MVP.
2019 Q3-REMIIT Linker Protocol (RLP) SDK REMIIT Linker Applications Partnership.
2019 Q4-RSC launches REMIIT Wallet to launch REMIIT DEX.
2020 Q2-Expansion of REMIIT DEX.
2020 Q3-protocol REMIIT Payment Gateway Protocol (RPGP) MVP.
2020 Q4-Partnership with the main providers of payments.
2021 Q1-RPGP launches a service extension for the future EcoSystem.
In conclusion, I want to note, there are similar start-ups in this area, but REMIIT is the only innovative and highly secure platform that promotes global transactions, here companies and partners can work easily and freely, which will lead to business expansion.
The goal of the project is to make this ecosystem stable and REMIIT is currently developing the Innovation Economy. The concept and content of the exchange economy will be constantly updated in the near future
More details form,
https://remiit.io/
https://remiit.io/static/remiit/images/Whitepaper_REMIIT_Eng.pdf
https://t.me/remiit
https://www.facebook.com/remiit.io/
https://medium.com/remiit
https://www.youtube.com/channel/UCGBJIwJfeuJkAXIIKYFYIzg
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Reddit username : Belfast63