RIL COIN A Powerful CryptoCurrency
© Created & Designed by Rilcoin– August 2017 1
RilCoin Studio
Index RILCOIN WHITEPAPER
01 02
The Concept Abstract, Introduction, What is Rilcoin?
History of Cryptocurrency
Comparison of Crypto Technologies & Successful Coins
Architecture of Coin
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Specifications & Mining
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Use of coin, Target Niche
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Line of Business
05 06 07 08
Creative Description & Development Rilcoin Podium, Investors & Collaborators, Our Approach, Goals & Mission,
Token Sale
ICO, Platform Authenticity, Terms of ICO
Road Map
Concept Development, White Paper, ICO, XBRL Integrations, Beta-Launch
Project Announcement To Push Inventions
Ready To Serve The Concept As the world is advancing towards digitalisation, global internet access has made people sit-up, take notice & start embracing the change. In a nutshell, we’re living in a rapidly changing world where the need for keeping up has become an obligation. With the introduction of various digital currencies, our days of carrying around paper cash or pulling out cards have come to an end. The Central idea is to provide a platform designed purely for everyone, regardless of geographical barriers and present a digital currency affordable & usable by each of us by providing everyone the medium to achieve, influence & control in their creative ventures. The main focus is to get people involved in all the markets in a completely different manner. With Smart outsourcing revenue channels, renowned collaborations, network, steady cryptocurrency practice for transactions, revolutionary identity protection and blockchain protocol, Rilcoin makes usage of digital currency effortless for it’s users.
Brainstorming A lot of efforts has been put by experts to various industries to make a design a crypto-currency based upon a cutting-edge crypto-technology, which is fully decentralised and actually has all the benefits of Fiat currency as well the freedom and anonymity of a Crypto-currency. Rilcoin is based upon a Crypto-technology which also helps in development of various applications like Encrypted Chats, Encrypted Transactions, Micro finance etc.
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CASE STUDIES Puzzle will be solved…
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History– CryptoCurrency THE EVOLUTION OF BLOCKCHAIN TECHNOLOGY
03 Crypto Technologies In the World !
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BITCOIN (BTC) Bitcoin is the first ever cryptocurrency invented in 2009 that followed blockchain and cryptography technique. All the other coins followed the base set by Bitcoin. Bitcoin is an experimental, decentralised digital currency that enables instant payments to anyone, anywhere in the world. Now it has become more worthy than an ounce of gold.
History– CryptoCurrency THE EVOLUTION OF BLOCKCHAIN TECHNOLOGY
04 Crypto Technologies In the World !
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Ethereum (ETH) A decentralized software platform that allows Smart Contracts and Distributed Applications (ĐApps) to be created and work without any fail, hoax, limitation or interruption coming from a third party. The mining process of Ethereum completely depends up on Geth. It is a program that connects with Ethereum network and works as a switch between the server’s hardware and remaining Ethereum Network servers so if a block is being mined by another server, Geth will take it and transfer the information to your CPU/GPU mining.
History– CryptoCurrency THE EVOLUTION OF BLOCKCHAIN TECHNOLOGY
05 Crypto Technologies In the World !
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Bytecoin (BCN) Bytecoin (BCN) is a cryptocurrency started on July 4, 2012 by the devs on the darknet. Bytecoin is not a fork Bitcoin and uses the unique algorithm CryptoNight.
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History– CryptoCurrency THE EVOLUTION OF BLOCKCHAIN TECHNOLOGY
06 Crypto Technologies In the World !
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NXT (NXT) NXT was launched in 2013. It is a radically enhanced cryptocurrency built from scratch, to deliver an exclusive and decentralized financial platform. It revealed new ways to use digital cash as well as share transfers. it also points out some drawbacks of other cryptocurrencies and offers improvements through its features.
History– CryptoCurrency THE EVOLUTION OF BLOCKCHAIN TECHNOLOGY
01 Crypto Technologies In the World !
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Ripple (XRP) Ripple is native currency to the Ripple network and is the only currency in the Ripple network that does not entail counter-party risk. XRP based an algorithm RTXP and designed to work seamlessly with the Internet and exists natively within the Ripple network as a counter-party-free currency. Each Ripple account is required to have a reserve of XPR to create ledger entries - 20 XPR.
History– CryptoCurrency THE EVOLUTION OF BLOCKCHAIN TECHNOLOGY
02 Crypto Technologies In the World !
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RilCoin (RCN)
It’s a digital-currency based upon a cutting-edge cryptotechnology, which is fully decentralised and actually has all the benefits of Fiat currency as well the freedom and anonymity of a Crypto-currency.
Successful Alt-Coins Digital Coins & features
Litecoin
Ethereum Launched in 2015 which is a decentralized software platform that allows Smart Contracts and Distributed Applications (ĐApps) to be created and work without any fail, hoax, limitation or interruption coming from a third party. In 2014, Ethereum introduced a pre-sale for ether which attained a great response level. As per terms defined by Ethereum, Ether can be utilized in decentralizing, securing, trading and in coding anything.
ZCash Launched in 2016 year ending. Zcash proposes with security, privacy and transparency in function- ing and transactions. Just like Bitcon, it works on the concept of blockchain. Using “zkSNARK”, it allows to perform extra protected transactions.
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Your Tag Line Goes Here
ETH
LTC
ZEC
DSH
Launched in 2011 to follow the pattern set by Bitcoin. It was initially called as ‘silver to Bitcoin’s gold.’ It was produced by Charlie Lee, a former Google engineer. Litecoin follows an open source global payment network which cannot be accessed by any central authority. This payment network uses "scrypt" as a proof of work that can only be decoded with the assistance of CPUs of consumer grade. Litecoin has comparatively faster block generation rate than Bitcoin, that’s why it offers quicker transaction acceptance.
Dashcoin Dash is also called as Darkcoin. It was launched in 2014 year starting. Dash works on a decentralized master-code connectivity to make the transactions completely untraceable. It is comparatively more secured and private version of Bitcoin. Its name changed to Darkcoin in March 2015 without changing its technical specifications.
Unsuccessful Alt-Coins Digital Coins & features
DAO DAO It can be considered as the largest failure in the history of cryptocurrencies. It is well known as Ethereum’s DAO. DAO project made the largest crowd fund ever. But as soon as it came into exchange market, it couldn’t last long.
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Your Tag Line Goes Here
DOGE DogeCoin Dogecoin became famous because it was being used for public welfare and charitable functionalities. For some time, it worked pretty well in the market but as soon as Dogecoin exchange Moolah fell down, it lost all its success and charm.
XPY PayCoin It was launched in 2014 by famous Josh Garza and GAW miners. The inventors converted it almost like altcoin so investors no longer found this concept refreshing and promising. Its launch was great but with time it kept on going down. In the world of digital currencies, various new concepts evolve day by day.
CHARACTERISTICS OF A GOOD CURRENCY COMPANY TIMELINE FIAT OR CRYPTOCURRENCY SHOULD HAVE THESE CHARACTERISTICS:
EASILY ADOPTED
INVARIBLE
An individual accepts some part of money or any currency in return of some goods or materials, must be satisfied with the form of money he/she is getting.
Its value should remain stable i.e. should not change with time. Here the
One should accept it comfortably as payment. To generate easy acceptance, a
changes that we are talking about are related to its value only. Changing
commodity must have some genuine advantages other than its monetary
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value.
standard of value is similar to changing gram or litre. It simply means that the value of a commodity i.e. used to measure the value of other commodities, should remain consistent or invariable.
PERSISTENT The currency should be persistent and its value shouldn’t diminish with time. It is the uniformity of money that it doesn’t get affected with usual ongoing phenomenon in life. It can be transferred from one to
FLEXIBLE
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other and can be protectively reserved by anyone without getting
Currency should contain elastic characteristics. It should be capable of performing certain alterations as per economy’s need.
deteriorated. It should hold its value, doesn’t matter what time or season it is.
DECENTRALIZED
PARTIBLE The currency should be partible. It means if you make parts of money or divide it, then each divided part should hold a particular value
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accordingly. It means that if the money is to be divided quarterly then
consumed by banks or government bodies. This facility makes money transactions untraceable.
CONVEYABLE place to another. An ideal currency is the one that can be economically transferred from one point to other.
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involvement of central authorities. This enables more security and decreases transaction fee that is being
each quarter should be 25% of the whole.
It should be portable. It means that It must hold capability to be moved from one
The currency should be decentralized i.e. without any
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ECONOMIC The cost to create or generate currency must be lower than its value.
COMPARISON Fiat currency Vs Crypto Currency
FIAT CURRENCY
CRYPTO CURRENCY
Issued by the Governments
Generated by Computers
Centralized (Monitored by the government)
Decentralized (No one has control)
Physical medium of exchange
Digital medium of exchange
Unlimited Supply
Limited Supply
E.g. GBP, USD, CAD, Euro etc.
BTC, LTC, ETH, XMR, etc.
Cryptocurrencies are all ready to change the way people think of money. It has already revolutionized mindset of people. Major population has already started believing in it because of excessive security, ease and future possibilities. Though Bitcoin is being used more than any other cryptocurrency but slowly, people are investing in other ones too. Bitcoin was first introduced by Satoshi Nakamoto in 2009.
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CASE STUDY - INTERNET USAGE WORLD WIDE Comparison of Internet usage on Desktop Devices Vs Mobile Devices
Noticing since 2009, more users are accessing internet via mobile devices or
Maximum users around the globe are going to prefer a mobile-oriented world; the
tablets than accessing internet via laptops or desktops. This proportion of mobile
charts above indicate clearly that mobile users are increasing faster than anyone
users is increasing year by year. The reason may be because using mobile for web
had assumed or expected. It is quite impressive that how smart phones have
browsing is more convenient than using a conventional computer or laptop.
acquired this whole internet- world. As per a representation from comScore represents better the internet access via
“As per the data gathered by StatCounter, in October, 2016, 51.3% of all
multi- platform. This collected data indicates that the majority of users are multi
internet visits, recorded from smart phones and tablets compared to 48.7%
platform and will be performing multi- screening most of the time by accessing sites
of internet visits from laptops and computers.�
on mobile or desktop (as per the convenience). As usage of mobiles is growing, this data from 2015 by Adobe's latest Digital Index indicates the industries that were getting traffic via desktops instead of mobile phones.
We can break the percentage usage by mobile devices to know how much data has been accessed from smart phones and tablets separately. While considering
In future also, the rate of smartphone usage will be increasing year by year. The
them individually, we got to know that 46.53% of traffic was generated by smart
growth in the number of mobile users will also get faster than the usage of feature
phones and 4.73% was generated by tablets. In simple words, we can say that
phones. By the end of 2017, mobile phone users will definitely exceed feature
internet access is on the edge of being acquired by smartphones completely.
phone users. Smartphones acceptance in developing countries like India, Turkey, Indonesia, Vietnam, Mexico, Brazil, Nigeria, Peru, South Africa and Philippines will be increased by the introduction of some nominal priced smartphones.
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SMARTPHONE USERS AND PENETRATION WORLD WIDE 2014 - 2020
By the end of 2017, nearly 3.47 billion individuals worldwide will use the internet regularly, representing 46.8% of the global population. Mobile phones will play a large part in access: 36.9% of the world’s population will use one to go online at least once a month.
“In 2017, 2.73 billion people worldwide will use a mobile phone to access the internet, representing 36.9% of the worldwide population & 78.9% of internet users.” Many mobile phone users in these regions are upgrading from feature phones to smartphones to handle increasingly data-heavy activities. This jump has been helped by an influx of affordable smartphone models— comparable with top-of-the-line smartphones—and more affordable data plans. Nearly 54% of mobile phone users worldwide are expected to have a
In the Graph : Billions, % of mobile phone users and % change
smartphone this year. Reference : https://www.emarketer.com/Report/Worldwide-Internet-Mobile-Users-eMarketers-Estimates-20162021/2002038#moreReport
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AWARENESS ABOUT CRYPTOCURRENCY Percentage of participants :
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>20
6-20
3-5
1-2
Initial Coin Offering The ICO, Authenticity, Terms of Token Sale
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INTRODUCTION TO ICO Initial Coin Offering for crowd sale
INTRODUCTION
The RilCoin concept is designed especially for the
It is an idea to gain an enough amount of fund from
ones interested in share market. It will definitely
public.Thus, it can be said “cryptocurrency crowd-
change the way you invest in shares and then gain
sale” as funds are to be raised with the help of
the return from them. RilCoin concept also enables
people who want to invest to gain considerable
sending encrypted messages to any corner of the
benefits further.The ICO is being implemented on the
world and also one can perform encrypted
base of Block-chain technology.
transactions using this concept.
While performing ICO, virtual cryptocurrency tokens
Encrypted Chat/ message application and
are issued in exchange of leading cryptocurrencies
encrypted transactions via Rilcoin.
like Bitcoin, Ethereum etc. These tokens are needed
Global one-touch payment system.
to show the cost of transacting on the new platform. The tokens provided to investors, can be sold by them at any time after ICO ends. In exchange they can get their increased money back. Sale, purchase & exchange of token sale is explained further.
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Decentralised marketplace as well as worldwide one touch payment system. Micro-finance & Business Apps
Creativity is like a God-gift, only a few people own it; yet everyone can develop it within one’s self.
RIL-TOKEN DISTRIBUTION Token Name
RILTOKEN
ICO Duration
90 Days
WHAT DOES THIS TOKEN REPRESENT?
Ril platform token represents a Proof of Asset of the Ril platform.
REPAYMENT PROGRAM
We will systematically buy back Ril token from exchanges. This means that investors who contributed their assets to the ICO will actually be returned their contribution at the current market value of the Riltoken.
TOTAL SUPPLY:
30 Million tokens for Crowd Sale
PRICE PER TOKEN:
USD $1.00
ADJUSTABLE
Tokens not sold during the ICO will be allocated to our reserves and used accordingly when needed. No extra tokens will ever be minted.
WE ARE COMMITTED TO OUR GOALS AND POLICIES! Unit of Value : RIL - The token of value used to control transactions including purchases of digital products, contracts and other applications as well as services available and also third-party creators.
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RIL-TOKEN DISTRIBUTION
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RIL TOKEN SALE - TERMS It These Terms must be carefully considered by the User prior to accessing the Site, its functions and Services. Users are required to read these Terms attentively, understand them and agree to them before starting to utilize the Site and the Services. It is the User's sole responsibility to understand and comply with the laws, rules and regulations in his/her legal jurisdiction that may apply to the use of the Site and the Services. By accessing the Site and the Services you agree to accept these Terms. IN CASE YOU DO NOT AGREE TO ACCEPT THESE TERMS, YOU MUST NOT ACCESS THE SITE AND THE RILCOIN.IO ASSET MANAGEMENT SYSTEM.
Please visit our website to access complete terms & condition : www.rilcoin.io/terms
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TOKEN SALE PHASES TOKEN could be bought using BTC by generating address.Each time you want to add tokens in your account you will have to generate a new address. You can load the bitcoin to that address and then use token to purchase RILCOIN. The Ril Token distribution will take place over 90 days and there will be total 30 million Ril Tokens available for crowd sale. - At the end of each phase, remaining unsold token (if any) will be carry forwarded to the next phase and they will be available for sale with the bonus % of current phase. - In any phase, If the available Ril-tokens are sold before the end date of that phase; there will be a pause period to crowd sale of maximum 7 days and sale of tokens of next phase will start after pause-period. 24
First Phase
Second Phase
Third Phase
OUR APPROACH Blockchain technology is the concept running behind RilCoin. It reverts the ownership of a given digital identity from centralised systems so that the individual is in control. Blockchain approach further decentralises data and computing capacity, and thereby greatly increases users’ organizational security and privacy. Via this decentralisation methodology using Blockchain technique, our approach is to change the way of dealings in fiat currency by changing the medium to invest and then getting back the return on investment.
Asset Management System
A decentralized model incorporates truly democratic principles by providing every participant an equal say in the vision, development and objective of the organization. That is why, everybody can send encrypted messages to anyone he/ she wants. We also will to launch our own decentralised marketplace in future.
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THECOMPANY RILCOIN PODIUM TIMELINE Project
Some of the key components of this project are:
Micro Transactions
Collaborator
Creator
Customers
Users Entities
Macro Transactions
A User is an exclusive, verified private identity on RilCoin that creates and manages Entities and wallets.
Constructors
Interactions
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THE RILCOIN PODIUM Some of the key components of this project are as explained:
TRANSACTIONS
CREATORS
Refers to activities on RilCoin that require both RilCoin and
A virtual-self entity that develops and advocates Projects and
HEAT to execute functions such as Purchases, Smart Contracts
Smart Contracts.They hire Collaborators and interact with
and Entity Creation.
Customers.
INTERACTIONS
COLLABORATORS
Denotes activities like posting comments, rating products or
This Entity works on Projects and accepts Smart Contracts.
referring a developer on RilCoin that need the HEAT to be
Collaborators function with Creators and communicate with
executed.
Customers.
ENTITIES
PROJECT
An Entity is something like a public identity generated by user
Under a project, there includes compiled smart contracts.
which controls transactions as well as interactions. Entities
Selling of the products also belongs to this.Whole process is
includes- Creator, Collaborator, customer etc.
being performed by the Creator.
CUSTOMERS
CONSTRUCTORS
A Customers perform the functions like purchasing as well as
The entity that avails with block “mining� facility, IPFS data
interacting with Creators, Collaborators and also other
storage, and User identity confirmation services for the RilCoin
customers.
platform in exchange for Ril, EMB, and HEAT. Users, constructors, projects and the ecosystem itself communicate
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with this entity only.
Our Goal & Mission The end goal of RilCoin is to enable people to transact among themselves without these transactions being controlled by governments and mega corporations i.e., to make a direct payment without the need of a “middleman�. It supports to maintain monetary freedom by sustaining flexibility and convenience while buying or selling the shares. And even, someday, to become the basis for the Unified World Currency. Another of its aims is to provide a universal medium to send as well as perform encrypted messages and encrypted transactions respectively. One more mission behind it is to promote commercial websites completely based on internet in order to make the world more commercialized and protected than before. Our platform supports dealing in decentralised marketplace. We intend to provide fully one touch payment system to make the payment facilities more convenient for everyone.
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Target Niche For marketing it is important to identify their target audience. For a growing concept like RilCoin it is difficult to identify this set. So who can be the target audience if we want to market RilCoin? It can be anyone that is ready to pave his road to success. From Novelists to Cover Artists, Web Designers to Accountants, Models to Mobile Payments, anyone can complete the set. It is just a matter of hard work and effort that one is willing to put in.
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Key Points The major key points that sets RilCoin apart from other cryptocurrencies are:
Freedom of Payment No worry about payments crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
Mobile Wallet RilCoin has a unique mobile wallet which has features that sets it above all. It not just lets you pay using wallet but generates money for you.
Micro Transactions Proof of Trust
Micro-transactions gets verified by a unique “proof of trust” & “proof of use” seamlessly and real-time.
The idea is to get a transaction verified without a transaction fee or giving out any reward which is possible using “Proof of Use” and “Proof of Trust”.
Flexible It is flexible to adopt all benefits of fiat currency.
Encrypted Messages Send encrypted messages to any corner of the world and also provides access to perform encrypted transactions. Such messages can be sent with the help of our chat support.
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Retailer Acceptance Not only big, reputed retailers can be customers of RilCoin but also this payment system is available to not-so-well known, small group of retailers as well.
Project : To push Inventions It’s an open source technology, so you may launch anything you want to.There are no limitations to innovation.
It is a valid medium to bootstrap a block-chain based business.
Everyone wants to save time. In this fast moving century, time is money. By giving quick results after investing, ICO is about to attract most of the investors, who will to invest in something for good. It is an idea to promote crowdfunding phenomenon which will prove to be very useful in upcoming years.
Its main aim is to increase number of investors to contribute in development of new inventions.
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It will help in providing a new outlook towards sharemarket.
To any part of the world, encrypted messages can be sent and also from any part of the world, encrypted transactions can be employed.
This platform will enable worldwide one touch payment facility.
It will also offer a completely decentralised marketplace. In future, this platform intends to launch its own decentralised marketplace. Another point is to promote e-commerce with the help of providing discount coupons for most of the websites. The idea is introduced to drag the attention of people to use e-commerce websites to provide them an ease and security to shop sitting at their homes.This is definitely to alter the mind-set of people as per today’s era.
THE ROAD MAP
Concept Development
Whiteboarding and POC's
ICO Starts
January 2016
August 2016
15th October 2017
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THE ROAD MAP …
ICO Ends
XBRL Integrations
Beta Launch
13th January 2018
March 2018
April 2018
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PROFIT to INVESTORS 1.The tokens are allotted to the interested investors who want to represent shares w.r.t. a particular organization. 2.The major thing to consider is that there is no requirement to give up equity. 3.According to the will of investors, the tokens can be listed for exchange. 4.The investors who have already invested, can cash out with an increased amount. 5.Due to some reasons, if some interested people missed the ICO, they can further join as investors and get benefited with considerable profits.This process will keep repeating itself so that every potential investor may involve in the process.
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THANKS FOR READING! Don’t forget to visit our website http://rilcoin.io
Follow us on: /rilcoin @rilcoin @rilcoin
/rilcoin /rilcoin info@rilcoin.io