Relay - A Private Stablecoin System

[relaystablecoin]

The need for reliable stablecoins is never more evident than in markets such as these. Imagine if Tether were found to be insolvent at this time - the crypto world needs a stablecoin like Relay with publicly auditable collateral.

Stable crypto-coins are very necessary for the market, but very high requirements are imposed on the team of such projects. Trust is the most important thing. And in Relay only 2 team members, one of them anonymous without a photo))

This is a fair concern, and one that has been raised previously. To restate our previous response:

I like your ad.I want to study your offer in more detail.
Who from the known developers participates in this project?

Our team leads are listed on our website. The technical lead and other developers may not be well known, but it is important to note that the newness of the blockchain space means that there are many skilled developers with very limited histories.

It should also be stated that very little in Relay is entirely new, and thus the technical base has largely already been proven out. The core blockchain is forked from Ethereum and the privacy implementation is also based on existing work. The codebase is furthermore currently undergoing third party private review and will be subject to a public bug bounty prior to mainnet launch, fundraising for which is one of the major motivating factors for the public round. The most important innovation Relay brings is in its collateralization mechanism and two-token structure, which is less a coding than economics invention.

[relaystablecoin]

The recent buzz around Ripple (XRP) and xRapid underscores the promise of cryptocurrencies to disrupt common financial uses. What XRP may do for bank transfers, a stablecoin can do for consumer cash usage. Only the Relay Dollar is constructed specifically with this use case in mind.

[relaystablecoin]

Famous VC firm a16z's purchase of 6% of the total MKR token supply is yet more evidence of growing recognition of stablecoins. This particular event is exciting because, like Relay, Maker utilizes a decentralized collateral mechanism.

[Phinnaeus Gage]

Famous VC firm a16z's purchase of 6% of the total MKR token supply is yet more evidence of growing recognition of stablecoins. This particular event is exciting because, like Relay, Maker utilizes a decentralized collateral mechanism.

Hey, bud, do you still teach English in China?

[relaystablecoin]

We have not been successful in our publicity efforts for the Relay Stablecoin System, but that does not mean the end of the project. The vision of a decentralized, private stablecoin for everyday use remains as clear as ever, and the team is discussing alternative options such as going forward with a free faucet distribution or a fresh campaign with a rebrand.

[WalterLuigi]

Is this project live yet or is it still in development? I've been searching everywhere for something exactly like this for months and just came across this thread, but see it looks dead in the water. Please say that isn't the case. A cryptonote based stablecoin is exactly what we need. As much as I love Monero, its instability will hamper it's actual adoption as a currency in global markets. Businesses want a currency with a low spread, not something that may drop 50% in value within minutes of receiving a payment.