Topic: [ANN] Rya - A Decentralized Monetary System - page 3. (Read 1275 times)

Thanks guys for all the interest.
Have patience we will be announcing the bounty program soon, maybe even this week.
Join the telegram for updates, later this week:  https://t.me/RyoOfficial
The work on the development is going forward and its very exciting.

Many of your questions are answered in the videos on the website.
Please have a look:https://ryocoin.io

cheers  

When will you launch the airdrop and the giveaways? I would like to take part in it

This is what caught my eye too and I can say confidently that this is excellent. success to you guys

I am very impressed and excited to hear of the Ryō. I have heard about it for the first time on bitcointalk, I read the whitepaper which is very well detailed and it gives a face of an excellent developer

These are the ideas that will bring about revolution in the world. I will be among the first people to adapt it when it is fully operational

From an eye of an expert in this field I can read the money supply concept and so far the team behind it has done some good work. I'm keen to follow more details as you promised on the thread

I like this. it has the characteristics of a good currency. the economic value, being decentralized so that no single individual can control it all is a good one

I like the way the Ryō has been designed. its not like the BTC which will get exhausted in future as far as mining is concerned

I'm imagining of the economic value of Ryō as it has been explained in the whitepaper..tying it to credit is a brilliant idea, economists can agree with me.

Blockchain has led us to very interesting times in history..I'm liking the whole idea of Ryo and I'm just excited to see it replace the very dreaded dollar. fingers crossed

From what is in the whitepaper, very soon Ryō will be one of the largest currency in circulation and used by many people..

I would like to express my gratitude to the authors of the project. If all conceived is implemented tokens will continue to grow

Ryo will be available globally as an accepted means of payment at any merchant that chooses to accept it. The idea here is a truly decentralized, self regulated, global currency

So where will Ryō will be available?
Will it available globally or it will just available for local place only, just as the name "Ryō" that are japanese.

1. The amount of tokens/Ryo coins in the genesis Block is not yet determine, in any case Ryo is a free money market and the binding of system-wide credit to money creation ensure that the amount of money in circulation will be appropriate for the state of the economy.  

2.
Yes Main Net are in plans. sooner then you might think   (but no master node)
the algorithm is a bit complex but here some info from the white paper:
"Ryō   (Japanese:   両)   is a   cryptocurrency   and   monetary   system   designed   to   
be    both    a    store    of    value    and    a    medium    of    exchange.    Using    a    free,    decentralized   
monetary   market,   the   Ryō   system   tethers   money   supply   to   credit   without   the   need   
for    a    monopolistic    regulatory    institution.    Money    supply    is    adjusted    dynamically   
depending   on   economic   cycles   making   for   a better medium   of   exchange.   Ryō   and   its   
Proof   of   Trust   (PoT)   model   is   therefore   expected   to   be   a   fuller   and   more   complete   
substitute   for   Fiat   monetary   systems   than   any   cryptocurrency   yet"

  

3.  Ryō has NOTHING to do with the similarly named Sumokoin fork (https://ryo-currency.com/). Our community has been actively building Ryō for the last year and chose the name before any other coin existed with the same title and we own a domain which illustrates that.

We decided to proceed with our announcement using the name Ryō so as to avoid delays, but do not intend to step on anyone’s toes over at https://ryo-currency.com/. We plan on changing the name before launch.

Ryo? Any relationship between you and Sumokoin???

How many tokens of Ryo and Trust will it be on the genesis block?

To answer some of the questions:

1) PoS questions: Ryo is based on proof of trust (PoT) which is a variation on the principles of PoS. Check out the whitepaper for a very in depth explanation on how Trust works.
2) Masternodes: at this point in time we do not have plans for MN.
3) bounty: head over to our telegram group, we will be communicating about bounties over there soon.
4) further questions: hit us up on telegram at https://t.me/RyoOfficial if something is unclear or you want to ask further.

a good start, the development of the project as a whole would like to understand what the money system means, you mean the payment system? how much is the minimum fee for testers?

This is a great concept indeed. I would to ask maybe you have any wallets and then social media bounties or maybe some work for pay schemes that I can join this with so I can earn Ryo while doing bounty work. I will certainly check the website for more details.