Rubius: The Future of Finance

clauming (7)in #finance • 6 years ago (edited)

Introduction

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Even though, the massive adoption of cryptocurrency has not yet occurred due to two problems: the extreme volatility of the cryptography market and the lack of high-quality software. None of the crypto-wallets are designed as user-friendly payment applications for the consumer. Instead, they are all low-quality products developed exclusively for your ICO, and most likely you will never see a single update or improvement.

For this reason, the project I am going to present you is Rubius, a fintech software start-up who plans to develop consumer-facing financial software that will utilize cryptocurrency and blockchain technology.

Video Presentation

Definition

As I said, Rubius (RUBY) (https://rubius.io/) is a fintech software company based on a blockchain technology that plans to grow into a futuristic banking institution. The company focuses on the creation of high-quality products, services and solutions in cryptocurrency.

All of its products are driven by the Rubius protocol, a chip-based payment network that operates in the Ethereum blockchain. At the heart of the Rubius protocol is the cryptocurrency called RUBY, which are the ERC20 coins that are offered in the ICO.

Goals

The main objective of Rubius is to advance in the blockchain industry and make cryptocurrency more accessible through the development of simple blockchain software for the consumer. Therefore, the main mission is to provide the entire world with access to banking and financial services through its software products.

Ecosystem
The Rubius ecosystem consists of a smartphone application called Aryl, a web-based exchange called Rubiex, Rubius coins and other products.
On the one hand, Aryl is an open source Ethereum portfolio and a payment platform very similar to PayPal's Venmo application, although it will have the added benefit of storage and commerce in cryptocurrency. It will make the acquisition and use of cryptocurrency easier, and will protect people's money from the risks of unstable cryptographic markets by using its Volatility Shield feature. Its main purpose is to make cryptocurrency and blockchain technology more accessible, user-friendly and risk-free.
Within Aryl, users can access their decentralized Ethereum portfolios, which support thousands of cryptocurrencies. Users will also have the possibility to access a centralized crypto exchange, Rubiex, a web-based cryptocurrency exchange that will house hundreds of currencies and tokens such as bitcoin (BTC), Ethereum (ETH), Ripple (XRP), etc. By registering with Rubiex, users can buy, sell and exchange selected cryptocurrencies directly from the Aryl application. The Rubiex control panel will also be used for the Volatility Shield function.

Features

Feature	Description
Minimized Volatility	The Rubius portfolio, "Aryl", protects your funds from a rapid loss of value. If you enable Aryl's Volatility Shield, the received crypto is automatically changed by fiat or by a selected stable currency.
Social payments	Easily send and receive criptocurrency with Aryl's intuitive payment service.
Maximum benefits	The cryptocurrency exchange, Rubiex, offers a diverse selection of currencies, and all transactions are made with a constant rate of .1%, an extremely low rate compared to that of the competition.
Ready for adoption	User errors represent 95% of the lost cryptocurrency. The ease of use of Rubius welcomes all audiences, not just technology experts.

Bounty

The project gives the opportunity to earn Rubius tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bitcointalk Webpage. Here (https://bitcointalk.org/index.php?topic=4450732) you can access the link in order to see what are the conditions to become an early RUBY contributor and start acquiring tokens.

Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://rubius.io/rubius-whitepaper.pdf). You can also read their ANN thread here (https://bitcointalk.org/index.php?topic=3254617.0) or stay tuned in their official Telegram group (https://t.me/rubiuschat). I hope you liked the post and soon I'll send you new ones.

Token details

The cryptocurrency are called RUBY tokens, ERC20 that have immediate utility. RUBY coins are a standalone digital currency supported by the Ethereum platform and all RUBY transactions will be processed by the Ethereum virtual machine (EVM). The EVM guarantees transparency by verifying, recording and publishing all transactional data. The use of RUBY coins as a pair of transactions reduces commissions by 50%, and is the default payment method in the Aryl application.

Token: RUBY
Platform: Ethereum
Type: ERC20
Price in ICO: 1 ETH = 7,000 RUBY
Tokens for sale: 210,000,000

Token Distribution	Token Allocation

Roadmap

Date	Event
December 2017	The Aryl project was conceptualized.
February 7, 2018	Rubius Inc was incorporated.
March 2018	Recruited team & wrote whitepaper.
April 2018	Created Aryl UI Mockups.
Q2 2018	Developed Aryl Prototype / MVP.
Q3 2018	Rubius Fundraising / ICO.
Q4 2018	Launched Aryl & Rubiex platforms.
Q1 2019	Smart Escrow and Smart Loan added to Aryl.
Q2 2019	Registered Rubius as broker-dealer.
Q3 2019	Added stocks, ETFs, and other tradable assets to Rubiex.
Q4 2019	Registered for additional banking services.
Q1 2020	Marketed banking services internationally.
Q2 2020	Developed POS Software.
Q3 2020	Developed Payment Gateway Software.
Q4 2020	Marketed merchant services worldwide.
Q1 2021	Rebrand and remarket any needed products.
Q2 2021	Developed decentralized social media platform.
Q3 2021	Recruit substantial blockchain R&D team.
Q4 2021	Continue blockchain experiments & research.