I appreciate all the excitement around the announcement. Some clarity is needed.
I have taken over as maintainer and developer of the chain for a few reasons.
Community outreach
Community feedback
Upgraded tech (wallet/chain-client/explorer)
More rapid onboarding on the Loyyal platform
Ultimately This transition is *how* we can realize the original vision of RBR
The Loyyal platform needed to be created to be able to realize the vision of RBR.
Now that Loyyal is building out Alpha RApps with select partners I offered to maintain and realize the transition of RBR into this platform.
By transitioning to me, the project can now get attention it deserves. We can utilize features as they are realized.
Don't be fooled by the few use-cases on the synRg.tech, I fully intend to grow this program into a multi million dollar, transparent & community directed business.
The whitepaper and creation of a community based governance model is coming soon. I've got some skinning and maintenance to handle first.
First and foremost I am in the process of transferring services to new locations.
Re-skinning / re-branding services & API's
Updating name and information on Bittrex and throughout the coin tracking sites.
Release of new chain-code to enable adoption by miners and other exchanges.
Release of desktop versions of the wallet.
Whitepaper to explain potential RApps, economic model, value assignment, governance model
Realization of redemption and issuance RApp
Begin accepting nRg Vouchers as entry into the RApp and Loyyal platform.
For many weeks the community of RBR tried to guess what will happen to the coins they own.
Everybody thought the coins are a part of the company s value (shares),
so everybody was enthusiastic about the 1.5million fund loyyal got and the business going on with dubai-tourism.
Now all the holders are disappointed, i was too. But now i start to understand your businessmodel and the complexity behind your actions.
Can i try to put it in my own words to see if i got it ?
(i think through comparison i might be able to understand) :
Rapp : Reward Application
Loyyal is building a system like ethereum, so it will have a own blockchain with a coin. This coin wont be tradable at the exchanges, because it needs to be stable, it will probably be chained to the value of the us-dollar. It has to be stable in order to fulfill the expectation of each company Loyyal is building a Rapp for. The rewards for the customer of a hotelchain have to be stable. This would never have been the case, if Loyyal had used RBR as rewardpoints.
As im writing this post, i start to understand how difficult it was for Loyyal to find a solution, where the holders of RBR would still benefit from the newly created Loyyal system.
Now you create a new system on top of the Loyyal Blockchain, lets call it a Blockchain App and this chain has a coin called NRG Token. Its the place where Reward-Applications are build and it is an exchange for every Token of a program created by SYNRGTech. Everybody who owns one of these tokens can exchange it against a NRG-Token and these NRG-Token are traded at Bittrex or Poloniex etc.
So the only way to profit from the company Loyyal, is to own NRG-Tokens. Loyyal has 1.5million to invest in all the infrastructure of the company, like personnel, advertisement, blockchain and so RBR-Holders can profit from a paid employee which is you, from the blockchain where the Blockchain App is situated and from new customers which are attracted by the advertisement of Loyyaal. AND RBR-Holders (NRG-Token-Holders) have a dev, who can use all the new technical innovation created by the Loyyal-Firm for their customers to build Rapps never seen before, before any competitor does it.
And probably it is much more, but i would like to understand the roots of the system.
I would like to call Loyyal the Ethereum for Reward Applications, or the Lisk for Reward Applications.
Could you correct some of my thoughts of understanding.
Thank you very much
loyyal doesnt investing in ribbitrewards or synrg thats why give rbr responsibility genecyber but not actually give rbr (just responsibility). Loyyal still own ribbitrewards and it die. synrg is new program with nothing to do with any promise made by loyyal (loyyal promise does mean not much). Even press release say it is shannons sole responsibility. He have nothing. No one ever use nrg for one thing. You bagholder people desperate.
