I agree that cryptocurrency in general is an opportunity by itself already and is definitely addressing a lot of the shortcomings of the traditional currency system.
Nonetheless, RET is a cryptocurrency also. But ReMoneta is addressing the shortcomings of cryptocurrency too, that's why it's implementing a dual token system, precisely to allows its users to have completely stable pricing with no volatility and to give its users the best of both worlds, to switch into.
Could someone explain meaning of dual token system?
I found a definition, and it goes like this: "A dual token is a technology which the project uses to create cryptographic assets for the ICO on two blockchain platforms".
Here is an article you can read if you want to understand it better https://medium.com/digital-finance/how-an-ico-project-can-issue-and-manage-dual-tokens-ab8c72e03778
Thank you for sharing this. "Say the ICO project issues 40% of tokens on Waves and 60% on Ethereum upon the crowdsale completion. In this case, the total number of tokens the project promised to release before the ICO remains unchanged upon the crowdsale completion."
- what is your approach in this?
Ok, this is how this works:
We have RET and ReMoneta. RET is an ERC20 token sold in the token sale which runs on Ethereum. So you can use it right away on the Ethereum network. RET us floating in price/ tradable.
ReMoneta runs on the ReMoneta (adapted-hyperledger network). This gives all the benefits listed in the WP. ReMoneta has an intelligent computer model-controlled price, is stable and increasing and cannot be traded.
Anyone who buys during the token sale can swap RET to ReMoneta at any time 1:1. You can swap back any time you like at the market price for RET.
Thanx for the extensive explanation really appreciate and it helps a lot of new people.