Blockchain to Connect Virtual Assets and the Real World

From this article you will learn how Rucoin builds a bridge between virtual currencies of the digital world and bonuses and discounts of the real world
15 January 2018   2740

The owners of applications and websites, that are constantly looking for new and effective ways to attract users and support them by means of rewards, face with the same problem. Many of them have already implemented a system of virtual rewards to promote interaction, but outside the applications, these points and rewards do not transform into real value for their users. The problem is well known, and a unique, convenient and safe solution has been developed by Rucoin: One Global Loyalty Network (Rucoin Loyalty), which integrates brands, manufacturers and consumers in one platform.

What is Rucoin?

One Global Loyalty Network (Rucoin Loyalty) integrates brands, manufacturers and consumers in one platform. Rucoin Loyalty will allow users of partner brands and Internet resources to link points and bonuses in Rucoin with local fiat equivalent, which, in turn, can be repaid in accordance with specified products and services of other partner brands. Rucoin token will provide unlimited, safe and secure transactions between partner brands around the world. In addition, Rucoin will also act as an exit point for site owners who try to attract users.

One Global Loyalty Network

Consumers do not have to combine different rewards and loyalty points, they can just use Rucoin in the Global Loyalty Network, receiving goods and services necessary for them. As of January 14, 2018 there are 1 082 632 offers from 87 stores.

  • Consumers: a purse with the account RUCOIN, the ability to make safe transactions using crypto currency Rucoin, Bitcoin, Ethereum. In a secure transaction, RUCOIN LOYALTY acts as a guarantor of execution of the transaction by the parties to the participants
  • Retailers: the opportunity of exponential development of the partner loyalty network. Manufacturers and brands willing to acquire new customers can also become members of RUCOIN LOYALTY
  • Owners (of applications/websites): a convenient way to reward users for their involvement without the need of creating and managing the rewards system. The key components of the proposed solution are RUCOIN, namely the Complex of Interaction between the Clients and the RUCOIN LOYALTY Network

transaction rate of RucoinTransaction Rate of Rucoin

Rucoin Advantages

  • RuCoin cryptocurrency open source code
  • Payments are published in a public block chain which ensures confidentiality
  • RuCoin has a fixed total stock of 500 million units
  • BFT delegated nodes validators + DPoS delegated proof of stake
  • The speed of transaction less than 1 second
  • Secure transactions with the Rucoin, Bitcoin, Ethereum
  • Throughput of over 100,000 operations per second
  • Cashback wallet of rewards, bonuses, discounts
  • 0.01% of max commission for transactions
  • Automation reduces transaction costs
  • Quick and secure identification
  • Stable and predictable token

Rucoin rewards networkRucoin Rewards network

Rucoin Token Sale Information

ICO dates: from Jan 15, 2018 to Apr 15, 2018
Accepted currencies: ВТС, ETH
Minimum transaction amount in Bitcoins: 0.0025 BTC
Minimum transaction amount in Ethereum: 0.04 ETH
Soft cap: $4,5M
Hard cap: $45M
Token price: 1 RUCOIN = $2
Bonus: 20% – 15.01.2018 – 40.500.000 tokens
Total number of tokens: 500M

Rucoin Token AllocationRucoin Token Allocation

RU:COIN Wallet

Rucoin is in a process of developing RU:COIN Wallet, which will be availble for users, having the following features:

  • Constant minimum discount of 5% MasterCard RUCOIN
  • Possibility to get RUCOIN from one brand and use it everywhere
  • Possibility to use bonuses to pay for everything the users want
  • Exchange of bonuses for other digital assets
  • Sending and receiving RUCOIN with RUCOIN LOYALTY

Rucoin Card (template)Rucoin Card (template)

Rucoin Funds Allocation

Rucoin funds allocationRucoin Funds allocation

  • Development: 30% of the budget will be aimed at the increase in the current development staff and the construction of the necessary infrastructure for the strategic scaling and range of the Rewards Catalogue
  • Partnership: 30% will be aimed at the creation of Sales and Alliances team to target the specific geographic regions and develop strategic alliances and partnerships with key brands in these regions
  • Marketing: 25% of the budget will be aimed at marketing, which will focus on developing awareness and acceptance of the Global Rewards Network and Rucoin solution among brands, users and publishers
  • Security: 5% of the budget will cover the expenses associated with legal support, security, accounting and other related administrative costs
  • Unforeseen expenses: 10% of the budget will be aimed at unforeseen expenses

Documentation

  • Whitepaper
  • Roadmap
  • Token Sale Policy
  • GitHub

More Information

  • Website
  • Twitter
  • Facebook
  • Telegram
  • Bitcointalk
  • Instagram
  • Youtube
  • VK

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3 ICOs of Extrabit banned by Alabama Securities Watchdog

Alabama Securities Commission (ASC) has ordered alleged cryptocurrency mining firm Extrabit to stop its token sale offering in the state
25 May 2018   97

The U.S. state's securities regulator, the Alabama Securities Commission (ASC), has supported its colleagues in Texas and New Jersey in hitting out at ICOs that are soliciting local citizens. The cease-and-desist order which was published yesterday  claimed that the agency has ordered purported cryptocurrency mining firm Extrabit to cease its token sale offering in the state.

The ASC declared the company has been illegally begging Alabama investors with what it considers an unregistered securities offering after it announced its token sale on the website of WSFA, an NBC-affiliated TV station recognized in the state capital, Montgomery. While presently the online advertisement appears to have been taken down, the agency said in the order that the firm originally claimed that investors in the pre-ICO phase could buy Extrabit's token "EXB" at half price.

The advertisement claimed that in order to take part in the pre-sale, the user should invest $20,000 and after the purchase, the tokens will be sent to MyEtherWallet within 48 hours. Then, Extrabit's white paper states that, since the firm generates its profits chiefly from mining bitcoin, zcash and monero, it pledges a 185 percent return on investment every quarter for investors who maintain a positive balance in their EXB wallet.

As well as offering unbooked securities, the ASC said the project made "materially misleading" suggestions to deceive investors. Extrabit is not the only token project that is targeting residents in Alabama. A Google search for "token sale" on the WSFA website currently comes up with over 200 press release-style ads from various ICO projects. 

The ASC has also checked two other token sale projects, called LEV and Platinum, with cease-and-desist orders entered on May 2 and May 18. Like with Extrabit, the agency charged the two projects of selling unregistered securities in Alabama while making vaporous promises to potential investors over the likely returns on investment.