REMIIT

Our Analysis

Team: 6.1

Feasibility: 6.5

Product: 6.5

Overall Rating: 6.37

Short Description: REMIIT is a Blockchain Powered Remittance and Payment Platform that connects various businesses and users through a trust-based Smart Contract System.

Category: Business Services

Category: Tokens Cryptocurrency

Website: https://remiit.io

Whitepaper: https://remiit.io/static/remiit/images/Whitepaper_REMIIT_Eng.pdf

REMIIT endeavors to allow business scalability of businesses in the Money Transfer Sector and provide users with a cheap and transparent process with value stability through the 2-Tier token system. REMIIT Smart Contract (RSC)RSC provides a configurable smart contract that can cater for various businesses give the freedom in creating connections and partnerships with companies overseas

REMIIT Payment Gateway Protocol (RPGP)RPGP is an interface for payment providers and payment gateways to conduct the transaction through REMIIT’s remittance platform. REMI-REMD 2 Tier Token System

To prevent rapid value fluctuation and ensure smooth overseas remittance REMI is the token traded in exchanges and performs a utility role that converts to REMD. REMD is the token which is used in the overseas blockchain remittance system. REMD Decentralized Exchange: In our overseas remittance system, there exist imbalance of the REMD ow in the amount Linkers hold. Thus, the internal exchange that the Linkers could voluntarily trade their overs and shorts by using other cryptocurrencies has been designed. By using this mechanism, the liquidity problem can be solved autonomously.

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