How was Ruitai Coin created to create a new era of digital currency?

In January 2016 , the first domestic mortgage digital asset certificate, Ruitai Coin, was launched on the Xigu trading platform. In the context of the overall gloomy environment of the digital currency industry, the news that Ruitai Coin completed crowdfunding of more than 26 million in one month attracted widespread attention from the outside world.

Since the launch of Ruitai Coin, the Tin Valley trading platform has maintained a daily transaction volume of over one million, and it is showing an upward trend. The Ruitai Coin technical team has also recently released all source codes and launched the wallet function. Users can also follow the detailed transaction records of Ruitai Coin through the blockchain query address. The continuous disclosure of all information about Ruitai Coin has gradually increased users' investment confidence.

The combination of digital currency and real economy

The name of the main project given by Ruitai Coin is the rehabilitation application of Ruineng cell mitochondrial activation technology in Xi'an Lianhu North University Hospital, and the asset form of the main project is Ruitai Coin. Simply put, the project is to import advanced medical equipment mainly for cardiovascular and cerebrovascular disease detection from Germany and put it into operation in Xi'an Lianhu North University Hospital, and Ruitai Coin plays the role of asset mortgage certificate.

The business model of Ruitai Coin is different from most digital currencies. It combines with the real economy. The medical equipment put into operation generates a certain amount of profit every year. As a hospital, it can improve the medical and health conditions of the hospital and serve the people's livelihood. The crowdfunding of Ruitai Coin involves the establishment of dividend and recovery mechanisms. Therefore, this business model is not only for users or practitioners in digital currency, but also has a wider market and participants. The person in charge of the Ruitai Coin market said that the number of investors outside the digital currency industry is far higher than the number of people in the industry. Based on the digital currency industry in an innovative environment, the model of Ruitai Coin has successfully lowered the user's understanding and investment threshold.

Technical implementation

Despite the controversy, the application prospects of blockchain have been widely explored, and Ruitai Coin was born in this context. Based on blockchain technology, Ruitai Coin has set up an information blockchain specifically for recording supervision information, asset dynamic information, corresponding project information, and even business information and financial information about the dynamic status of the mortgage asset package. The application of this technology is equivalent to Ruitai Coin implementing an automatic supervision system (for details, please refer to the public version of the white paper on the official website of Ruitai Coin). Ruitai Coin is undoubtedly one of the first projects in China to implement blockchain technology.

It's an experiment and a beginning.

Whether from a technical perspective or a business model, Ruitai digital asset certificates cannot be considered successful. Strictly speaking, Ruitai Coin may be just an experiment, a bold attempt. Ruitai operators said that 2016 is the first year of the official implementation and brand building of the Ruitai Coin project. The success of this innovative model will lead to the birth of more " Ruitai Coins " in the future , allowing digital currency to serve the real economy. This starting point cannot be changed.