ALL SALIENT DETAILS ABOUT RENCAP
RenCap is both a B2B and B2C Decentralized Payment Solution.
RenCap is supported by a Network of Businesses ready to take on the currency as their B2B Payment Solution. Further down the years, within a 5 year plan, RenCap will also plan to implement into the B2C Payment Solution Market. With a
RenCap Mobile App to monitor account balanaces, RenCap Debit Card and RenCap payment terminals in merchants around the world, RenCap may become the most convenient payment for consumers and the cheapest payment solution for merchants.
RenCap (RNP) Role in Real Life
RenCap Token (RNP) is the currency we are slowly integrating into all of our real life profitable businesses. B2B Transactions and transactions among clients/customers will be using RNP in the future.
RNP is an important component of this transition into digital payment resulting in quicker and more flexible transactions.
RNP is created during the ICO Crowdfunding period and the funds from this ICO will be used wholly to expand the operations of the businesses owned by RenCap and to introduce RNP to more businesses and distributors of our products.
The supply of RNP is limited to the pre-mined tokens created during the ICO crowdfunding period. With the Expansion, RenCap will be able to offer better bulk and price contracts to our clientele and partners in each field.
With the condition that each contract’s financial transactions has to be in RenCap’s Token RNP instead of Regular local currency.
HOW IT WORKS
B2B PAYMENT SOLUTION
Businesses supporting RenCap will be the first batch of businesses to take on RenCap as their B2B currency for financial settlements. Businesses will be transacting in RNP rather than their own local currency. RNP can be cashed out via the buyback scheme for local currency to settle monthly businesses expenditures. A more attractive contracts can also be offered to businesses that are willing to partner with the first batch of businesses on the condition that all B2B transactions are transacted using RNP.
B2C PAYMENT SOLUTION
In our new 5 year plan, we plan to have consumer holding RNP to be able to use the currency for their daily purchases as well. Offering local merchants a better processing fee compared to current rate, we encourage merchants to include our terminal in their cashier terminal(s). Consumer will be able to apply for a RenCap Debit Card and a mobile app to view RenCap account balance. This eliminate the need for currency changing when travelling and a much lower cost for transaction compared to current payment solution for Businesses.
RenCap will be buying back RNP tokens every quarter of the year to release local currency to merchants and consumers in exchange for their RNP. This will provide the foundation support for the token, as well as provide ease of financials for all RNP users for their monthly expenditure.
Token & Sale Information
The information provided here does not constitute to an offer to sell or a solicitation of an offer to buy RenCap Tokens called ‘RNP’. The information here are mainly for informational and research purposes only.
The following information summary reflec ts RenCap’s current expectations to the future of RNP Token and the sale of RNP. RNP will be the token and the main currency to be used when transacting among businesses owned by RenCap.
Example 1. Rice Exporters buying Raw Rice from our Factories in Thailand will have to use RNP as payment in future instead of Regular local Currency.
Soon, RenCap’s Token, RNP, could potentially be sold out. A fixed amount of circulating supply have been created and no further RNP could potentially be created in the future. Once the Public Sales conclude, a portion of RNP can be allocated and given to the RenCap’s Core team as reward for the success of the ICO.
A separate pool will also be held on as Reserve pool and further expansion fund. The community will hold an approximate 50% of the entire circulating supply.
RNP Tokens will be offered for sale at an exchange rate of 1 RNP for USD$1.00 or SGD$1.50 or ETH 0.001 during the entire ICO period. The ICO period will last for 4 stages, with each stage lasting approximately 2-3 weeks each.
The sale’s stage 1 is scheduled to begin on April 16, 2018 at 00:00 Hours GMT +8 (Singapore Time) and Stage 4 will end on July 16, 2018 23:59 Hours GMT +8 (Singapore Time).
Total Public Sale would add up to an amount of 20,000,000 RNP spread among 4 Stages. Bonuses will account for 4,990,000 which is also spread among 4 Stages.
Stage 1 : 50% Bonus
Stage 2 : 30% Bonus
Stage 3 : 10% Bonus
Stage 4 : 3% Bonus
5,000,000 RNP will be given to the Core Team as a reward for the successful ICO.
20,010,000 RNP will be kept as reserve for future expansion plans and the safeguard the value of this Token.
Core Team’s Tokens will be frozen for 1 year (12months) and Reserve Tokens will be frozen for 2 year s (24months) starting from end of sale.
This is to ensure that no developer tokens could potentially enter circulation before RNP is stable.
Tokens purchased via ETH will immediately be allocated to the buyer’s given wallet address.
Tokens purchased via PayPal (USD and SGD) will be allocated to the buyer’s given wallet address within 1 working day.
Unsold RNP Tokens
RenCap Tokens RNP are created to be sold during the ICO period. The Core Team, Reserves and Public Sale gets created at the same time. In the event that the ICO is not entirely sold out and has RNP remaining, the remaining RNP will be transferred to the Reserves for future expansions or sale. RNP tokens could potentially not be burned.
Reserve : 20,000,000 RenCap Tokens
Core Team & Ongoing Development : 5,000,000 RenCap Tokens
Public Sale : 20,000,000 RenCap Tokens
Public Bonuses : 5,000,000 RenCap Tokens
Total offering : 50,000,000 RenCap Tokens
1,000 RenCaps = 1 ETH
Minimum Purchase : 100 RenCaps / 0.1 ETH
1 RenCap = USD $1
Minimum Purchase : 100 RenCaps / USD $100
1 RenCap = SGD $1.50
Minimum Purchase : 100 RenCaps / SGD $150
Be a part of this project. Download the whitepaper for the full scoop.Till next time…
For more information, please visit:
TOKEN SALE: http://www.rencap.asia/TOKEN
Author : Maniecool
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