The rupee is the common name for the currencies of India, Indonesia, Maldives, Mauritius, Nepal, Pakistan, Seychelles, Sri Lanka, and formerly those of Afghanistan, Tibet, Burma and British East Africa, German East Africa and Trucial States.
In the Maldives, the unit of currency is known as the rufiyah, which is a cognate of the Sanskrit rupya. The Indian rupees (₹) and Pakistani rupees (₨) are subdivided into one hundred paise (singular paisa) or pice. The Mauritian and Sri Lankan rupees subdivide into 100 cents. The Nepalese rupee subdivides into one hundred paisas (both singular and plural) or four sukas or two mohors.
RUPEE is a cryptocurrency using a decentralized network of computers to validate and secure exchange of value. Rupee enables sending and receiving of digital payments instantly and 100% securely resulting from the use of Rupees peer-to-peer network.
Rupee as a brand is recognized by almost 2 billion people in South Asia. Rupee’s focus is the South Asian region with products and services geared towards servicing people from the region specifically. For example, a merchant is free to accept BTC, LTC or any other currency, but we think local merchants would want to go for a coin with name recognition, level of comfort and focus on the region.
Rupee’s mission is to be the go-to cryptocurrency for the people of South Asia. Rupee aims to facilitate money remittances and enable merchants to accept a fast cryptocurrency for goods and services. Rupee will enable the people of South Asia to cut out traditional middlemen such as banks.
The area of potential for Rupee coin arises from South Asian people’s limited access to banking facilities combined with increasing Internet usage. Consultants from PricewaterhouseCoopers estimated the number of unbanked people in India was around 251 million in 2017. After the publication of those figures, the Indian Government has reinforced its efforts to increase access to banking facilities. At the same time, Internet usage in India is rapidly increasing and the number of Internet users now totals 369 million. This equates to an Internet penetration of around 28% and suggests that there is ample potential for growth. To remove illicit money from the market, the Government removed high denomination notes from circulation overnight in November 2016. This tactic (known as demonetisation) has increased the demand for digital payments and the Government released mobile applications to facilitate them. This means a significant percentage of the Indian population would experience an increase in their quality of life if given an Internet-based platform that executes transactions efficiently and cost-effectively. With the need for digital payments and mobile phone usage increasing year on year Rupee Cryptocurrency users will see the following benefits.
1. For users with over 20,000 RUP the masternode platform will earn a 65% block reward earning up to 60% interest on Rupee holdings
2. The RupeeBase marketplace will allow merchants to sell their products with low fees.
3. Staking payouts are perfectly simple and easy to achieve, you simply leave the coins in a wallet that is open for staking and you will receive a 35% block reward.
4. Owners of Rupee keep their digital coins in Rupee digital wallet. The Rupee coin wallet can be encrypted so that the user has full control over it.
5. Sending money to friends and family could not be any easier than with the Rupee mobile application. Payments can be sent instantly using the Rupee InstantSend feature with very low fees.
6. We appreciate that in life now privacy is a top priority so Rupee has now introduced PrivateSend. PrivateSend is a novel, decentralized mixer for creating an on-demand system of removing the history from coins on the network.
The name of the coin: Rupee Coin
Ticker: RUP
Type: POS/MN
Maximum possible number of coins: 84,000,000
Premine: 6,000,000
Masternode Collateral: 20,000 PGD
Distribution of awards: 65% MN 35% stakers
Block reward: 50
Number of confirmations: 10
Block time: 5 min
RPC Port: 8517
P2P Port: 8518
Promo Guild Premine Distribution
Net stability MN: 4,880,000 RUP (244 masternodes)
Development Funds: 6,000,000 RUP
Circulating Supply: 31,000,000
Rupee Usefull Links
Site -
https://Rupeeblockchain.orgGithub -
https://github.com/rupeedigitalassets/Rupee-CoreBlockexplorer -
http://rupexplorer.com/Whitepaper -
https://rupeeblockchain.org/pdf/Rupee%20White%20Paper%20V2.0.pdfLitepaper -
https://rupeeblockchain.org/pdf/Rupee%20Litepaper%20v2.0.pdfWindows Wallet -
https://github.com/rupeedigitalassets/Rupee-Core/files/2011686/RupeeCore-QT-.Windows.zipLinux Wallet (daemon) -
https://github.com/rupeedigitalassets/Rupee-Core/files/2011688/RupeeCore-.Daemon_Ubuntu_16.04.tar.gzMac Wallet -
https://github.com/rupeedigitalassets/Rupee-Core/files/2011693/RupeeCore-QT-.Mac.zipMasternode Install Guide -
https://rupeeblockchain.org/pdf/rupeemasternodes.pdfTwitter -
https://twitter.com/RupeeblockchainMedium -
https://medium.com/rupeeblockchainblogTelegram News -
https://t.me/rupeeannouncementsTelegram Community -
https://t.me/RupeeblockchainOfficial Mail -
PR@rupeeblockchain.org
