Able to accommodate 4 billion assets, Ruizi Chain was born to prosper the digital currency market

introduction

Until people gradually realized how powerful blockchain is;

"Our journey is to the stars and the sea" was put forward for the second time after the emergence of Bitcoin. The only things that cannot be lacking in the pioneering work of the blockchain industry are patience and imagination.

The booming digital currency market

2017 is regarded by many digital asset investors as the first year of digital currency development. Not only did the price of Bitcoin soar to as much as $2,000, but other digital currencies also rose. According to the latest statistics, the total market value of global digital assets has reached $75 billion. It is expected that the digital currency market will reach a trillion-dollar volume in the next three years. As the digital asset market rapidly expands, the traditional financial industry will not underestimate this booming emerging market. However, due to the decentralized nature of the digital asset market and the lack of support from physical assets for most digital assets, current digital assets are highly speculative and cannot attract large amounts of capital to enter the market. As a speculative product, if digital currency wants to achieve scale and deeper development, it must connect with the traditional mature financial system and enter a proper financial ecosystem.

Therefore, it has become a top priority to develop a digital asset issuance channel that can meet the financial regulatory laws and regulations of various countries and pave the way for traditional financial assets to enter the global digital asset market.

How to connect with traditional finance

Ruizi Chain, an asset aggregation blockchain, was designed for the issuance channel of digital assets. Its mission is to build a bridge between the digital asset market and the traditional financial field. It not only meets the legal and policy requirements in real scenarios through blockchain technology transformation, but also accommodates the independent operation of more than 4 billion assets. The development of Ruizi Chain aims to create a blockchain financial ecological platform through the implementation of blockchain technology transformation, carrying the world's excellent and high-quality digital assets.

In the future, the financial assets issued and circulated on the Ruizi Chain may include the following: digital currency ETFs, digital currency index funds issued by professional institutions; digital assets based on physical assets, similar to investment-type physical assets with low liquidity in cultural exchanges; and digital assets based on large-scale financial assets. For this reason, the Ruizi team will focus on discussion and research, and realize the digitalization of large-scale assets through legal framework design, so as to realize the traditional large-scale financial assets to truly enter the field of digital assets.

A community ecosystem of shared ownership, sharing and co-management

The core values ​​of blockchain are: equality, mutual benefit, openness, and transparency, and Ruizi Chain also adheres to this value. In the future, Ruizi Chain will operate in the DAC (Distributed Autonomous Corporation) mode of "shared, shared, and co-managed". For this purpose, it has designed a "dual-track" management mechanism. The management body is mainly composed of AUTHY (issuing committee) and ECClesia (community conference). Therefore, the sovereignty of Ruizi Chain in the future will be owned by all community members. The Ruizi team will be one of the service agencies of Ruizi Chain in the future, performing functional work such as system maintenance, operation and promotion, and jointly maintaining and supporting community development with all community members.

Public beta and ICO

At present, Ruizi Chain has completed the technical development required in the early stage and invited hundreds of people to conduct internal testing for nearly half a year, and the key technical indicators have been met.

On May 24, 2017 , the ReitsChain will start public beta testing and will give away millions of ReitsChain equity tokens for free. On the one hand, this is to encourage users to actively participate in the public beta testing to continuously optimize and improve its functions, and on the other hand, it is to reward the first members of the ReitsChain community. In addition, the ReitsChain public beta testing will release a light wallet based on the HD key mechanism. It supports 5 platforms at the same time, and the IOS version is under review. To learn more about the ReitsChain public beta testing, you can visit: https://www.reitschain.com/ (ReitsChain official website).

In terms of ICO , the equity token of the Ruizi Chain, Ruizitong (RTS), which is issued based on the future income rights of the Ruizi Chain, will be launched on multiple platforms in mid-June. Currently, the Ruizi team is connecting with multiple ICO platforms in the industry. In addition, Ruizitong will be launched on the domestic trading platform in August 2017.