What is RINGCOIN
Ring Coin is the next generation of multi-platform mobile payment for Africa. It is a token of the type ERC20 with the advantages inherent to the cryptocurrency namely decentralized; anonymous, allowing users privately control their finances. Ring Coin is also very fast because transactions are done in less than 30 seconds as opposed to Bitcoin blockchain which takes more than 30 minutes. Ring coin is a revolution with rare and exceptional financial potential because it opens to a market already, world leader of the mobile payment with the African continent. The African continent is more than 1.3 billion inhabitants and more than 150 million Money Mobile accounts constantly growing. The potential of African mobile payment is known. They are billions of mobile phone users in Africa, mostly without bank accounts, and as many customers of one or the other mobile payment solutions offered by mobile operators, like Orange Money, MTN Mobile Money, Tigo Cash, Airtel Money or M-Pesa Vodacom
Problem
They are not interoperable with each other, making it impossible for merchants to access mobile payments, but they are also geographically limited, generate significant costs, limited by point-of-sale schedules, limited in deposits and withdrawals, do not allow for any capital gain related to market dynamics. The African continent is also dominated by money transfer operators such as Moneygram, Western Union, Express Union and Sigue, whose limits and costs are increasingly challenged as fees are very high and international transfers are limited and restrictive. As bank transfers to international extremely restrained on the African territory. RINGCOIN reinvents and revolutionizes mobile payment and in / out money transfers to Africa. Cryptocurrencies represent an exceptional opportunity to boost the economy of the African continent; they are also loved by the citizens who know it because the spirit of cryptocurrency resembles the spirit of the African people. Cryptocurrencies are also an opportunity for substantial financial gains thanks to the leverage effects and the dynamism of the market. The RINGCOIN revolution is supported by the power of its ecosystem: RingExchange, RingMarket, and Start up solution.
FEATURES OF THE RINGCOIN ECO SYSTEM
RINGEXCHANGE
It is now an absolute necessity in Africa because it is a universal portfolio and a platform for exchanging crypto-currencies and fiduciary currencies. But it is especially a solution to solve the limiting or not optimized for the
continent of the crypto-currency wallets the most use in the world (Coinbase, Xapo, Blockchain, Bitstamp) As well as similar exchange platforms (Bittrex, Poloniex, CCEX, Livecoin ) The key to this lies in multi-platform mobile payments that will greatly facilitate the continent's access to cryptocurrency, as Africa's global leader in mobile payment is the continent that is likely to best accommodate cryptocurrency
WHY RING EXCHANGE
Several thousand people in Africa are already using cryptocurrency, the demand is higher and higher, but access is limited. This is because most of the platforms for trading and selling cryptocurrencies are not open to the African market. Ring Exchange will change the game and accelerate access to unrestricted cryptocurrency and become the leading platform of the African market by Q4 2018 so this popularity will result in a trading plan.
◘ All exchanges on this platform will be made from the Ringcoin
◘ Purchases can be made in local currency, from mobile payments
◘ Fiat exchange via the ringcoin
RingWallet
Allows you to store your Ringcoins and use it anywhere, anytime. Send and receive
his Ringcoins.
RingPay
The ring coin has a working API that allows traders and platforms to accept ring
coins without being exposed to volatility.
RINGMARKET
(The revolution of double tokenization)
Ring market is our e-commerce platform; it operates on the Market Place principle with discounts for consumers using the Ring coin
I) RINGMARKET to help reduce consumers' purchasing power RINGMARKET wants to seize the opportunity offered by blockchain technology to offer consumers of any product the opportunity to buy goods and services at
unbeatable prices. Indeed, in a global context where one of the characteristics is the upward pressure on prices, RINGMARKET on the blockchain will help pull prices down to allow consumers to retain their purchasing power.
II) RINGMARKET as a solution for companies wishing to sell their products quickly. RINGMARKET is not only for consumers, but also for online sellers around the world who want to quickly sell their products. Indeed, one of the strategies used by companies to sell their products quickly is to grant discounts. Regardless of the level of discount already granted by affiliates on Ringmarket, the later gives them the opportunity to automatically grant a 10% discount that will be supported by Ring corporation. Thus, the functioning of the market will be such that for any product X costing online or in the traditional markets a price P. the seller will be able to sell this product on ring market at P-10% P without any impact on his profit, because it is the company ring corporation that will replace the seller to grant the 10% discount to customers.
III) RINGMARKET opens the way for investors to lower risk and high yield investments. As we will demonstrate below, investors will find in Ringmaket an investment opportunity thanks to the strategy of double tokenization that it promotes. Indeed, investors by their subscriptions to the tenders of the company Ring to participate in the financing of each discount of 10%, will receive a return on their investments
◘ Double Tokenization as a Basic Instrument In addition to 90 800 000 Ringcoins issued and listed on the stock exchange, 300,000,000 ring token are simultaneously issued, with a fixed value compared to Ringcoin of an amount equivalent to 10ringtoken for 1ringcoin. In addition, the ring token are not listed on the stock exchange and are held solely by the company Ring Corporation, which decides on its issue according to the triggers for purchases of goods and services.
◘ Triggering the purchase of goods and services Whenever a person holding Ringcoins registers in the Ring network, he automatically has the right to buy any product on Ringmarket with a discount of 10% So, be a well on ring market costing P $ = nRC at a moment The consumer will only have to go to the "clearinghouse" with nRC-0.1nRC = 0.9nRC
Example: if the value of 1 ring coin on the market is $ 1 on a date t and the good desired by a customer costs $ 100 on a ring market, 100RC, the customer will go to the clearinghouse of Ring Corporation not with 100RC, but with 100-0.1x100 = 90RC to validate his purchase. Once the clearinghouse will have the customer's guarantee that the vendor Will have the customer's guarantee that the seller has delivered the product to him, he will transfer to the seller $ 100 or 100Rc according to the method of payment desired by the seller.
◘ Where will $ 10 or 10Rc come from to fund the discount? The system is such that a valid P $ = nRC purchase act (delivery by both parties) automatically triggers a 2nRt issue by smart contract for investors in the ring community. These 2nRt are part of a digital table on the platform, available to investors every hour to make their decisions. The ring company has the duty to buy at half the selling price the issued.
Example: The validation of the purchase of 100 $ or 100Rc triggers a smart contracted emission of 200Rt registered in a digital table and searchable by investors. If there is one or more investor (s) attracted by this invitation to tender in Ringtoken, it will give to the company Ring Corporation 20Rc and will receive in counterpart 200Rt
IV) Investor gain
The investor is entitled to a refund in either dollar or Ringcoin of all its stake (in this case the $ 0.1P) according to a schedule provided by the ring company. Also the investor can at any time resell to the company Ringtoken ring issued at half price to obtain an added value. Two scenarios are possible
- Ring coin prices are on the market once the investor has bought Ringtokens: since it is paid in dollars, it will not benefit directly from the price spike. But holding ring token that have a fixed value compared to the Ringcoin, the greater value of the investor will gain value.
- Ring coin prices are falling on the market. The investor will have won by lending his ring coin since his repayment is fixed. But it will always benefit from a capital gain linked to its capacity to sell ring tokens.
V) Vendor Profit
Any online seller will have interest in selling on ring market, because by this mechanism of automatic discount, products will be cheaper for consumers than inany online or traditional market. Therefore, this will attract a lot of consumer ring market, which will offer sellers the opportunity to maximize their turnover. Also, any acceptance of ring coin payments will give them ring coin bonuses that will only increase their profits.
RINGCARD
It allows to carry out the different transactions in the Ringcoin ecosystem:
RingExchange, RingMarket and Startup solution.
START UP SOLUTION
Startup solution is an African crownfunding platform that has existed for several months. It operates according to the principle of affiliation and today has more than 10,000 members. Ringcoin will build on this community to gain more value.
How will the platform work?
Once the ringcoin is on the stock exchange, the platform startup solution will know an important update: the background surveys will now be done with ringcoin which will allow additional value for startupers: This, thanks to the climbing value of the ringcoin.
TOKEN DISTRIBUTION
Max supply : 90 800 000 Ringcoin (RC)
Total supply : 90 800 000
Circulation : 68 100 000
Ringtoken : 908 000 000 (RT)
1Ringcoin = 10Ringtoken
Total Part for Sale: 60%
Team and Advisors: 10%
Startup solution : 5%
Ring market fund: 5%
Reserve : 20%
USE OF FUNDS
ROAD MAP
TEAM
Mohamed Gam: Advisor of Blockhain Technology
Yann Meplon: Currency Manager/ Business advisor
Mac-elly Deslances: Marketing strategist
Ansel dél Rubia: Business advisor/ Translator
Sebastien Robine: Project development advisor
Chan bao: Smart contract developer
Dr Brice Mbakop: Financial consultant/ Project Manager of Ringmarket
Thank you very much and please join us on www.ringcorp.org But at least this way it was impossible to arrange? And then read unpleasant.
