REMYT - INTERNATIONAL MONEY TRANSFER PLATFORM

velkoz (25)in #ico • 7 years ago

Mission

Remyt - the first remittance ecosystem with a cryptocurrency secured by physical gold
We create a safe remittance ecosystem which will ease the process of sending funds to your home country or any country.

In this way we create:

A Remyt token backed by 0.01g of physical gold for a start, to secure your funds while you use our services
An investment mechanism to enable you to make additional income towards meeting your dream financial goal
An ecosystem that enables Money Transfer Operators, Cryptocurrency traders/professionals to partner with Remyt.

Prospects :

According to World Bank’s Migration and Development Brief, released 3rd October, 2017
which provided regional remittance trends as outlined below:
Remittances to the East Asia and Pacific region are expected to rebound by 4.4 percent to
$128 billion in 2017, reversing a decline of 2.6 percent in 2016. Remittances to the
Philippines continue to remain resilient despite declining inflows from Saudi Arabia.
Remittances to Vietnam, largely sourced from the United States, are also anticipated to
recover this year, while flows to Indonesia will continue to shrink due to a government ban
on female domestic workers to the Middle East. Growth in remittances to the region will be
a modest 3.4 percent in 2018 to $132 billion.
After declining for three consecutive years, remittances to countries in the Europe and
Central Asia region are expected to grow by 8.6 percent to $43 billion in 2017. The recovery
is mainly due to the appreciation of the Russian ruble against the dollar. Going forward, the
economic recovery in Russia, continued recovery in Kazakhstan, and increased employment
in the Euro Area imply a more positive outlook for remittances for the region, which are
expected to grow by a robust 6.8 percent to $46 billion in 2018.
Remittances to Latin America and the Caribbean are expected to increase by 6.9 percent to
$79 billion in 2017. Economic growth and improvement in the labor market in the United
States is having a positive impact on the outlook for remittance flows to Mexico, which will
receive a record $31 billion this year. Growth in remittances has been particularly strong in
Central America. However, growth in remittances to the region will moderate in 2018 to $82 billion.

After two years of decline, remittances to the Middle East and North Africa region are
expected to grow by 4.6 percent to $51 billion this year, largely driven by strong flows to
Egypt, the region’s largest recipient, in response to the devaluation of the Egyptian pound.
The growth outlook is, however, dampened by lower growth in the GCC due to oil
production cuts and fiscal consolidation. Remittances to the region will grow by 2.9 percent
to $53 billion in 2018.
Remittances growth to the South Asia region will be moderate at 1.1 percent to $112 billion
this year, due to continuing impact of lower oil prices and ‘nationalization’ polices leading to
constrained labor market conditions in the GCC. Remittances to India, the world’s largest
remittance recipient, will grow by 4.2 percent in 2017 to $65 billion, following a decline of
nine percent in 2016. Flows to Pakistan are expected to remain flat this year, while Sri
Lanka, Bangladesh and Nepal will see a decline. Remittances to the region will grow by a
weak 2.6 percent to $114 billion in 2018.
Buoyed by improved economic activity in high-income OECD countries, remittances to SubSaharan
Africa are projected to grow by a robust 10 percent to $38 billion this year. The
region’s major remittance receiving countries, Nigeria, Senegal and Ghana, are all set for
growth. The region is also host to a number of countries where remittances account for a
significant share of GDP, including Liberia (26 percent), Comoros (21 percent), and the
Gambia (20 percent). Remittances will grow by a moderate 3.8 percent to $39 billion in 2018.![]

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Remyt Initial Coin Offering (ICO) :

Remyt will issue an ERC20 Remyt Token (XRT) for its ICO, which will be utilized as a medium of exchange in the Remyt Ecosystem.

Gold Structure:

Each Remyt Token is backed by 0.01g of physical Gold for a start, held in multiple secure storage facilities. At the end of every financial quarter, 20% of total profits will be used to procure more gold thereby increasing our gold reserve. Every half-year the gold reserve will be audited by a third party audits whose report will be made available to token holders.

Funds Allocation

COIN SPECIFICATION

-Name:Remyt Token

-Symbol: XRT

-Total supply: 5,500,000

-ICO: 5,000,000

-Affiliates & Bounty:200,000

-Remyt Team: 200,000 (Locked for 2 years)

-Pre-ICO:100,000

-Decimal place: 18

-Platform:Ethereum

-Start date:1st April, 2018

-Mode of Remyt Purchase-Bitcoin, Ether, Litecoin, EOS

-Starting Price:$1.0

-Time zone:GMT

REMYT ROADMAP

After ICO : Token Distribution, Launch Crypto Investment program (CIP), Launch Internal exchange
Q4 2018: Launch Escrow Platform
Q2 2019: Launch Remyt Application Platform, Launch iOS/Android Application
Q3 2019: Listing On External cryptocurrency exchange platform
Q4 2019: Launch RemytPay for merchant and Remyt Debit Card
Q2 2020: Expansion to capture 5% of global remittance market by end of 2022