This will mean the RET token is integrated with the Bancor network. This gives liquidty for the RET token (on the Ethereum network) and allows people to leverage this infrastructure to swap their token and use more functionality of different tokens on Ethereum. ReMoneta remains the stable, secure currency on the ReMoneta network and is not traded, so you gain additional benefits through this integration.
So if I understood this part correctly RET token will not be tradeable? It would serve as a stable token with which you will be able to use the platform. You can use it then to trade with different token types - which ones do you mean exactly?
Hi, there is a dual token system
RET will be floating.
ReMoneta will not be tradable, this will be completely stable and used for purchases and transaction with retailers on the ReMoneta network (the new blockchain network).
This dual token system is really interesting, but won't it bring a certain dose of confusion with the users? Has any other project done this successfully in the past?
It is ? I found it quite easy to understand. I mean if it comes down to the basic, you just have 2 tokens that can exchange between each other
I was also a bit concerned about this - whether it is going to be straightforward enough for the end users...
So far most people have been positive about this and understand the idea. Indeed you just swap one token for the other.
Its a bit like USD and EUR. If you are in Europe, you switch your USD to EUR so you can enjoy all the European infrastructure, entertainment and so on. When you go to America, then you swap to USD.
In our case, when you want to use all of the facilities of the Ethereum network, you swap to RET. When you want all the benefits of the ReMoneta network, you swap to ReMoneta.
Also, the dual token approach is necessary for the price to be completely stable.
The price is stable, not volatile and is designed to increase steadily over time
How do you plan to achieve that,since cryptocurrencies are usually very volatile?
Three ways. You can see the details in the Philosophy paper on
www.ReMoneta.com, but basically:
Dual token approach, RET is floating, ReMoneta is not traded. This is needed to balance the economic pressures of the market.
The ReMoneta price is determined by a long term intelligent computer model not market trading as above.
Land provides stability, trust and security to the companies in the system. It is not leveraged and there is no risk attached. This means an income can be generated for covering costs and buyers know that the companies have a very large and real value and will not fail financially.
Is Simon Cocking your team member,or an advisor?
An adviser. His rating on ICO Bench is no.1 from around 23,000. Certainly he has been involved with many ICOs and has a huge experience in the field