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Topic: a tour through ripaex project's whitepaper (Read 437 times)

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August 17, 2018, 02:04:39 PM
#48
Supply and demand matters. The rate of increase of the supply of Bitcoin will decrease until
the number of Bitcoin reaches 21 million, which is expected to take place in the year 2140
 Similarly, the supply of Litecoin will be capped at 84 million units .
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The cryptocurrency market cap has been projected to reach as high as $1-2 trillion in 2018
The market cap of Bitcoin exceeded $70 billion  , with peak trading volumes around $3
billion per day.
Technology consulting firm CB Insights has identified 27 ways  blockchain can fundamentally change processes as diverse as banking, cybersecurity, voting, and academics.
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Fund-raising through the RIPA TEC platform will follow the schedule:
– from 07/02/2018 00:00 to 07/15/2018 23:59: with bonus of 50%
– from 07/16/2018 00:00 to 07/29/2018 23:59: with bonus of 40%
– from 07/30/2018 00:00 to 08/12/2018 23:59: with bonus of 30%
– from 08/13/2018 00:00 to 09/02/2018 23:59: with bonus of 20%
– from 09/03/2018 00:00 to 09/16/2018 23:59: with bonus of 10%
– from 09/17/2018 00:00 to 10/07/2018 23:59: with bonus of 5%
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Bonus for Investors and for new Users
For all investors in the RipaEx ICO will be given e1,000.00 credit in trading commissions in
the first Ripa Exchange instance running, while a bonus of P􀀀􀀀
1,000.00 will be given to all new
registered users during the RipaEx ICO to use at your own will.
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The RipaEx XPX token sale will be separated into two phases:
– PRESALE: that will run from April to September 2018
– RIPA TEC: that will run from October to December 2018
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Ripa Liquidity Service Provider (R.L.S.P)
Using the SmartBridge technology RipaEx will build a mechanism to share liquidity between all
the exchanges in the Ripa network by writing the single exchange orderbook in the Ripa Blockchain
and by executing order matching between all exchanges in the network.
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Listeners ACES Listeners provide a way for all the different blockchain transaction events
to be easily consumed via a common REST-ful API. The API allows consumers to create
subscriptions and receive blockchain events in real-time using Webhook callbacks.
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Fees
The fee for standard transactions is set at P􀀀􀀀
0.1 but the will be flexible in future releases of Ripa
Blockchain. At mainnet launch, a fee structure is provided out of the box to forging delegates with
the following rules:
– Transaction P  0.1
– Vote P 1 (101 votes per transaction)
– Second Signature P  1
– Multi Signature P
1 per signature + P
1 per signing account
– Registering a delegate P  25.
All fees are paid to the forging node which processes the block containing those fees.
4.4 Ripa
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AS SAID RIPA BLOCKCHAIN IS AN ARK FORK AND WE WILL ENTRUST ARK AS OUR
BLOCKCHAIN TECHNOLOGY PROVIDER TO MERGE THEIR CODE INTO OUR LATEST FEATURES
FOR WHAT CONCERNING THE RIPA BLOCKCHAIN,
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 DPoS (Delegated Proof of Stake)
– 101 active forging Delegates
– Delegates selected by vote mechanism built into DPoS
– 115,000,000 XPX - Seeded Genesis Block
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Ripa Blockchain, will inherits the Delegated Proof of Stake (DPoS) consensus system that was first
introduced by BitShares. This consensus algorithm was designed to eliminate the issues associated
with Proof of Work (PoW), namely the centralization of computing power and the exponentially
increasing waste of real world energy.
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The RipaEx project will have its own blockchain called Ripa which will be run on the DPOS
protocol and has the XPX token (P􀀀􀀀
symbol) running on it that will serve the five following purposes:
1. to list new cryptocurrencies on Ripa Exchanges
2. to advertise new projects
3. to buy RipaEx gadget on the RipaEx Store
4. to pay for the sell of goods & services on authorized resellers with our RipaEx POS (Point of
Sale)
5. to share liquidity between Ripa Exchanges in the same network
Ripa (XPX or P􀀀􀀀
) is a cryptocurrency derivate from ARK, Lisk, Crypti and BitShares with
unique differences and improvements for reaching the goal of shared liquidity between exchanges
in the same Ripa network.
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Ripa Exchange is a centralized exchange which will be converted into an hybrid-decentralized
exchange to create a network of exchanges that share the same liquidity between each of them so
you can offer liquidity from day 1 of your exchanges operations.
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User Interface
Ripa Exchange user interface is based on Peatio user interface a UI responsive user interface built in
Ruby on Rails and completely separated from the exchange order engine. Design for a customised
UI are in place to offer to Ripa Exchange users the best experience on all devices: here you can
find some screenshots of the current exchange interface design.
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A wonderful project! Great team! A unique opportunity to invest in this idea!
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Start small, grow big.
Ripa Exchange enterprise exchange
features include a high-performance
matching engine, scalable distributed
worker threads, and SMS 2-factor
authentication.
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Easy currency configuration.
Ripa Exchange allows to create multiple
accounts and trading in multiple currencies.
Ripa Exchange makes it is easy
to trade different currencies.
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All users are able to view
Ripa Exchange in a language
to their best convenience.
Supporting many common languages,
Ripa Exchange makes it easy for users
to operate in their mother tongue. You
are encouraged to contribute to our
language variety. Users will benefit from
your efforts.
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WHO: while it is very expensive to insure money exchanges operations and money transmitting
operations, examples of customer protections in the industry are: Kraken platform
which is offering Mt. Gox users partial refund of their lost, BitFinex exchange has launched
the BFX token to repay users for the lost of 120,000 bitcoin (valued $72,000,000 at the time
of the hacking) caused by the change in the wallet configuration done by the exchange itself,
Ethereum did a network fork on the block height 1,920,000 to stop the lost of ETH funds
from The DAO, Decentralized Autonomous Organization that had a bug that permits users to
14 Chapter 2. Introduction
claim their ETH back using recurrency in The DAO codebase, other hacking cases..
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International KYC/AML
standards.
Ripa Exchange KYC efficiently submits
and exchanges KYC information to meet
the banking supervisory standards and
comply with Customer Due Diligence
(CDD) requirements.
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