Topic: [ANN] Rya - A Decentralized Monetary System - page 4. (Read 1263 times)

Hi guys,

I am also from the RYO project community.
the white paper answers a lot of the questions.
https://ryocoin.io

we hope to announce a bounty and the airdrop soon, once we are ready to start the main net. or even before.
if someone would like to join us in the development effort or in any other way please join the telegram.

cheers  

You have on plans include airdrops, bountys or giveaways?

Whats the algorithm of the coin? As PoS coin what will be the expected stake reward? Are in plans add MN?

Its good explain about possible mistake with other coin name but will be better if you add more technical info about the coin, not only link to the webpage.

Before anyone asks, 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.

SNAPSHOT OFFICIALLY ANNOUNCED

Hi everyone,

We are excited to announce that the Rya project has an official snapshot date.
The snapshot will be taken in block 2,110,000 of the Nxt blockchain expected to occur on November 17th.

Remember only Nxt users with Nxt wallets will get the new RYA coins and trust when the main net will be live. Exchange wallets are not supported.

As promised, we are dropping 0.4 RYA for each Nxt token - a total of 40% of the initial Rya supply. We will be happy to answer any questions you might have on Telegram, Bitcointalk  or Reddit.

Cheers,
Rya team

TEST NET:

http://testnet-server2.ryacoin.io:8876/index.html
http://testnet-server3.ryacoin.io:8876/index.html
http://testnet-server4.ryacoin.io:8876/index.html

IMPORTANT: Do NOT enter any private keys from Nxt wallets in the test net!!

UPDATE

We are excited to announce that the Ryō project will officially be rebranding under a new name:

Rya

This change has a been a long time coming, and is intended to make sure the project has a unique name. While we loved the Ryo name, we are super stoked to move forward under the new Rya brand.

We will change our whitepaper, website and other materials accordingly in the next few weeks. The adventure to achieve a decentralized, stable and scalable medium of exchange with a p2p loan system continues!

There are tons of exciting updates coming soon including new updates to the test net and some cool bounty programs. Join us at https://t.me/RyaOfficial to stay tuned

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We would like to announce Ryō (Japanese: 両), a decentralized monetary system, and to invite you to join our growing community.

Why Ryō?

Bitcoin has a fixed supply of 21 million coins which causes its price to go up in the long run, just like gold (HODL). This makes it an extraordinary store of value, and a less than ideal medium of exchange. But we also want to be able to use a decentralized currency for our everyday needs: buying a cup of coffee, taking a micro loan or paying for our internet bill.

FIAT’s monopolistic money market will obviously never be decentralized, and regulators can’t make perfect decisions all the time. They try hard (in some countries...) to make FIAT a useful medium of exchange, but in the long run FIAT currency tends to lose its value.  

We are creating Ryō to be both a stable medium of exchange and a fair store of value. The money market for Ryō has a normal demand and supply curve and the rate at which money is created is dynamically adjusted to fit economic conditions. This way, we are neither limited by fixed supply nor require regulation.

Learn More

Ryō uses new software and has its own blockchain and wallets for pc/mac/mobile. Nxt’s source code and Proof of Stake model had a big influence on Ryō (especially the underlying blockchain tech). We will have a small premine which will consist of a percentage for the founding team / future dev efforts. It will also include a series of airdrops - initially to Nxt owners and later on in a tbd format. Details are still being ironed out, we will update on this asap.

Software development is near completion and we have launched a test net which is currently live. When we launch Ryō, we will open source the code. To participate in the test net, contribute to the project or get involved in some other way, reach out to us through telegram at https://t.me/RyaOfficial. Check out https://ryocoin.io to read the whitepaper.

P.S. This is NOT an ICO. We are a community of developers and economists.
P.S.S The root of the word Ryō is the ancient Japanese currency. Check out wikipedia: https://en.wikipedia.org/wiki/Ry%C5%8D