Remyt

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.

The proportion of the remittance industry is more than $500 billion the goal of Remyt is to penetrate 5 percent of the market by the end of 2022

REMYT ICO

Remyt will issue an ERC20 Remyt Token (XRT) for its ICO, which will be utilized as a medium of exchange in the Remyt Ecosystem.

Each Remyt Token is backed by 0.01g of physical Gold for a start, held in multiple secure storage facilities. At the end of every financial quarter, 20% of total profits (from internal exchange fees, Remittance administrative fees, CIP administrative fees) will be used to buy more gold thereby increasing our gold reserve. Every half-year the gold reserve will be audited by a third party audits whose report will be made available to token holders.

Remyt Pre-ICO will be on the 1st April 2018 while ICO will start on the 23rd April 2018 and end on 6th July 2018. During the ICO period 5,000,000 Remyt Token will be sold in 5 rounds of 1 million each. Each round will last for 7 days on first come first serve basis. The ICO price will increase each round by $0.1

There will be no peer to peer sales of Remyt Tokens until internal exchange is ready. (Beware of those offering to sell Remyt Tokens via social media)

Pre-ICO Price - $0.50 per token (only 100,000 Remyt Tokens will be sold in just one day based on first come first serve basis)

WHAT CAN I DO WITH REMYT TOKEN?

1/Send funds to any individual/Organization worldwide (Terms & Conditions apply)
2/Security deposit in our Remyt Partnership Program – RPP (Terms & Conditions apply)
3/Invest in our Crypto Investment Program (CIP) to earn daily between 0.01% up to 2.25% until a minimum of 20%, up to a maximum of 40% is fully earned per month (*Terms & Conditions apply)
4/Trade on Crypto Exchange Platform

FUNDS ALLOCATION

1/Operations – 5%
2/Legal – 10%
3/Purchase of Gold – 20%
4/Ecosystem and Community Development – 25%
5/Cryptocurrency Trading – 30%
6/Marketing and Business Development - 10%

COIN SPECIFICATION

Name- Remyt Token
Symbol- XRT
Total supply- 5,500,000
ICO- 5,000,000
Affiliates & Bounty - 200,000
Remyt Team - 200,000 ( Locked for 2 years )
Pre-ICO -100,000
Decimal place- 18
Platform- Ethereum
Start date- 1st April 2018
Mode of Remyt Purchase- Bitcoin, Ethereum, Litecoin, EOS
Starting Price- $0.50

ROADMAP

1.After ICO : Token Distribution, Launch Crypto Investment program (CIP), Launch Internal exchange

2.Q4 2018: Launch Escrow Platform

3.Q2 2019: Launch Remyt Application Platform, Launch iOS/Android Application

4.Q3 2019: Listing On External cryptocurrency exchange platform

5.Q4 2019: Launch RemytPay for merchant and Remyt Debit Card

6.Q2 2020: Expansion to capture 5% of global remittance market by end of 2022