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

You need to download the wallet from https://ryacoin.io/ and enter the NXT private key or passphrase. If you had NXT at the time of the snapshot you will have your RYA in the wallet.

How/Where to claim airdrop for NXT hodlers?

Rya is an independent project with an ambitious long term goal. We are not concerned with the short term price movement. In particular, Rya wont have an impact on NXT price because the snapshot date has long passed

will this be like ignis, when many are buying nxt to get ignis so the price of nxt soars. or maybe this will not happen again because many have suffered losses. so for this rya I don't think many will have it unless they are still holding nxt until now, except maybe there is another strategy from the team. goodluck

all great at time Nice idea this kind of airdrop and to force people to inform about your ICO before investing.
where is the airdrop link? i interest to join.

Anyone that owned Nxt at block height 2110000 will receive Rya, no need to have held for multiple blocks. The project is published under a modified version of the JPL with full acknowledgment from Jelurida/Nxt community.

What would be Jelurida Public License? Who has NXT coins up to block 2110000 will receive the same amount of Rya in your wallet?

Rya launch date officially announced for Christmas, the 25th of the December 2018!

Hi everyone,

We have successfully recorded the Rya snapshot at block 2110000 of the nxt blockchain. All participants will be able to claim their rya from the official rya wallet when the project launches. Stay tuned!

We intentionally chose not to disclose team members or to engage in 'team marketing' common in many projects as we want Rya to be a community which is focused on the tech. This ties into the decision not to launch an ICO.


We are always excited to hear feedback on the economic motivation and reasoning in Rya - if you think there are details missing we would be happy to hear and address them. However our belief is that sometimes less is more, and a WP is meant to express an idea to as many people as possible in just the right ammount of detail.


The vast majority of the 60% will be airdropped. There will be announcement about this PRIOR to launch, so no need to worry about bad intentions. A small portion will be reserved for continued development

If you want to disrupt the banking system, I believe you need to disclose your team members.
And a 7-page whitepaper is not enough to discuss such ambition.


60% that will be left for the team is a big number. If they will be dumping theirs, we'll never know that.
But at least they are not holding ico. Maybe relying from the airdrop hunters in terms of market movement once it hit the exchange.

Absolutely NO connection between the Rya project and $TRUST or $XTP. Rya has its own TRUST token which is an internal token that cannot be moved from wallet to wallet, has no transactable value and serves a purpose in the Rya minting process. The Rya TRUST will be airdropped alongside Rya to NXT owners. There is no staking in the Rya system using other coins. It is a completely self contained system.

Hello,

Can you update your OP to include $TRUST ?  My community has raised questions about Staking on $TRUST or $XTP.

Travis

  our analysis NXT will fly to the moon 

We are planning on additional air drops, most likely to Rya holders, though we are also considering other options. There will be a very small percentage reserved to fund continued development. We are still ironing out final details on exact numbers.

Anymore details on what happens to rest 60% of supply? Will be airdropped later for holders or will be used for bounty or 60% is developer fund.

work posted here for visibility https://drive.google.com/file/d/17osmAUokmMxlY0wRG1FFRGjPxq3vO7vS/view?usp=sharing

Hi all,

A new RYA bounty is live check it out:
https://bitcointalksearch.org/topic/m.46953985

cheers,
RYA community

Hi everyone,

We are pleased to announce that we have published the Rya code under the Jelurida Public License. This is a massive step forward for the project.

Here is the link to the Rya repo hosted at Github: r/https://github.com/RyaDevelopers/Rya

We encourage anyone who is interested to look over the code. If you have any questions (both technical or general), we would love to hear about it through one of our official channels.

Cheers,

Rya team

FYI The test net has transitioned to the Rya domain and is LIVE.

If you would like to join the test net you can login to one of the new running servers. You can play around with the system and check it out.

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!!

Feel free to hit up an admin in telegram for more info.

Cheers,
Rya team

The project began as Ryo over a year ago. However in between then and now another project using the name Ryo came along. For this reason the project was rebranded as Rya a short time ago. I hope this helps clarify

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, here at Bitcointalk or on Reddit.

Cheers,
Rya team

That's very nice of you, I will be following here and in telegram how the project will develop. Good luck!

Thanx @Mirkolta. Rya's core blockchain tech is cloned from Nxt, with a lot of changes made of course. Nxt owners will be given 40% of the initial coins in circulation (well above the 10% required)

Will the wallet be a fork of the NXT client? Are you going to give NXT holders 10% of the total Rya tokens in circulation? Best of luck with your project.

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

We hope for Ryo to become a global medium of exchange.

Where is the Ryō main market?

Thanks guys

We have some super exciting news!

1) As promised, we will be re-branding the project. Details coming soon!
2) We are announcing a super cool bounty program related to the test net. Exclusive for telegram members for now so if you have not joined the group, you should!

The project is moving along well and we will continue to keep you guys updated!

Seems you guys have made real thing here. And I think that I will be very happy to participate. Best regards Ryō

Ryo becomes a repository of extraordinary value and a medium of exchange is less than ideal. I hope Ryo is the stable medium of exchange and a store of value fair

To answer some new questions:


Ryo is NOT an ICO and there will be NO crowdfunding!!!

So how do you get Ryo coins?

Through a free airdrop. In order to participate in the airdrop all you have to do is to own Nxt in a non-exchange wallet. Further details will be published about this soon.

If you have further questions about the airdrop OR exactly what the purpose of Ryo is, then please join the discussion on telegram at https://t.me/RyoOfficial. You will get good answers


Ryo's bounty program is LIVE. Please navigate to https://bitcointalk.org/index.php?topic=4736734.new#new for details.

As for Vietnamese, that translation has already been done. But there is a lot of work to do!

Cheers!

They didn't disclose the details of crowdfunding even in whitepaper nothing mentioned maybe they will come with POW which is not decided yet. I hope very soon they will publish all details and the list of the exchanges where it will be traded.

when will the sale of tokens of this project begin? There is little information about the sale of tokens, about the project tokens, about their functionality.

Looks like an interesting project. Will definitely watch this. Enrolled.

I want to book a Vietnamese translation.

Hi Everyone, we have a really exciting update!

The Ryo test net is now LIVE.

If you would like to join the testnet you can login to one of the already running servers. You can play around with the system and check it out.

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

Feel free to hit up an admin in telegram for more info.

http://testnet-server2.ryocoin.io:8876/index.html
http://testnet-server3.ryocoin.io:8876/index.html
http://testnet-server4.ryocoin.io:8876/index.html
http://testnet-server5.ryocoin.io:8876/index.html

Hi,

It is very exciting that there are many block chain fans that understand the revolution of a truly decentralized ,stable coin that Ryo offers. People wants to do their daily shopping with crypto.

The development is going well. We will soon update the website with Ryo wallets, and provied some more time lines about the main net.

Stay tuned.

Cool idea. I like the concept which is unique from what I know. What's the time line for main net??

Wassup people!

We have officially launched phase 1 of our bounty program! Check it out at https://bitcointalk.org/index.php?topic=4736734.new#new. The bounty program is designed for real community growth. It's a great opportunity to get involved at a really early stage in a revolutionary project.

Feel free to hit us up on telegram if you have any question

Cheers!

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.

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

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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