Rate3

Rate3

Created using Figma
Created using Figma

Last Update

Nov 7, 2018

Rate3 is a decentralized dual protocol for asset-tokenization and identity management. interoperable across both Stellar and Ethereum.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Coinchangex
    RTE/ETH 27 minutes ago
    $ 0.0060
    $ 68.18
    2.42%
    2.42%
  • Hotbit
    RTE/ETH 35 minutes ago
    $ 0.0020
    $ 16.985 K
    2.52%
    108.68%
  • Hotbit
    RTE/BTC 35 minutes ago
    $ 0.0019
    $ 16.196 K
    -3.97%
    104.56%
  • Fcoin
    RTE/ETH 38 minutes ago
    $ 0.0019
    $ 3.324 K
    -0.75%
    53.25%
  • Huobi Global
    RTE/ETH 38 minutes ago
    $ 0.0018
    $ 126.166 K
    -1.27%
    -5.63%
  • Huobi Global
    RTE/BTC 38 minutes ago
    $ 0.0018
    $ 137.562 K
    -1.68%
    1.91%
  • Bibox
    RTE/BTC 42 minutes ago
    $ 0.0019
    $ 7.323 K
    2.03%
    -27.59%
  • Bibox
    RTE/ETH 50 minutes ago
    $ 0.0019
    $ 8.86 K
    -0.23%
    -5.92%
  • Idex
    RTE/ETH 2 hours ago
    $ 0.0018
    $ 335.36
    -8.16%
    -48.95%
  • DDEX
    RTE/WETH 9 hours ago
    $ 0.0018
    $ 157.96
    -
    -
  • Ethfinex
    RTE/USD 7 days ago
    $ 0.0012
    $ 8.71
    -
    -
  • Ethfinex
    RTE/ETH 10 days ago
    $ 0.0013
    $ 17.20
    -
    -
  • Bibox
    RTE/BIX one month ago
    $ 0.0010
    $ 201.16
    -7.28%
    -60.34%
  • Bitforex
    RTE/USDT one month ago
    $ 0.0017
    $ 216.59
    -
    -
  • ABCC
    RTE/BTC one month ago
    $ 0.0015
    $ 12.48
    -
    -
  • ABCC
    RTE/ETH one month ago
    $ 0.0016
    -
    -
    -
  • DDEX
    RTE/ETH one month ago
    $ 0.0016
    $ 399.91
    -13.36%
    18.02%
  • Dcoin
    RTE/ETH 2 months ago
    $ 0.0014
    $ 41.18
    -
    -
  • Bitfinex
    RTE/ETH
    -
    -
    -
    -
  • DEx.top
    RTE/ETH
    -
    -
    -
    -
  • Bitfinex
    RTE/USD
    -
    -
    -
    -
Sale
Apr 15, 2018
Jun 1, 2018
100% completed
$17 500 000
70000% goal completed
Goal 25 000.00 USD
past
Token Details
Ticker
RTE
Accepted Currencies
ETH
Additional Details
MVP/Prototype
Yes
Platform
Stellar & Ethereum
Whitelist
Yes , from Apr 16, 2018
KYC
Yes
Categories
Cryptocurrency

About Rate3

Rate3 is a decentralized dual protocol covering asset-tokenization and identity management. It serves to help bridge enterprises and their users with the public Stellar and Ethereum blockchain networks, allowing users to enjoy fast, low-cost transactions as well as reusable digital identities upon consent. Rate3 successfully completed its RTE token sale in May 2018 with thought-leaders such Matrix Partners China, Signum Capital, Node Capital, Fenbushi Digital and FBG Capital leading the round. RTE is currently trading on 10 exchanges including Huobi, Bitfinex, Bibox and FCOIN. For more information, please visit their official website and  official telegram group.

Features

Asset Tokenization Protocol:

Rate3 works closely with licensed, independent trust companies to provide absolute legal guarantees on asset ownership rights for token holders. Each token holder gains peace of mind from the knowledge that a reputable, government-licensed trust company is guaranteeing the redeemability of the tokens they own for the backing asset, and that they are entitled to legal recourse should these ownership rights not be fulfilled. Rate3 also complies strictly with local regulations based on guidance provided by legal advisors. Such a model ensures full transparency and confidence in any asset token of this protocol.

 

Reusable Digital Identity:

The industry-wide shift towards greater customer personalization has seen nearly all applications requiring users to link their app usage with some form of identity. It is therefore beneficial to have an identity protocol allowing users to, upon consent, tap on a single, reusable identity, tied to the various wallet addresses that they control, that in turn syncs to the many future applications of both Ethereum and Stellar ecosystems. The same would apply as well to future applications of tokenized assets too (e.g. a platform for investors to trade fractional artwork via tokens representing ownership). This would reduce duplicated KYC efforts, which would have been otherwise necessary, along with the consequent potential data breaches that could occur.

Technical Info

Secure and common legal framework

Rate3 works closely with licensed, independent trust companies to provide absolute legal guarantees on asset ownership rights for token holders. Each token holder gains peace of mind from the knowledge that a reputable, government-licensed trust company is guaranteeing the redeemability of the tokens they own for the backing asset, and that they are entitled to legal recourse should these ownership rights not be fulfilled. Rate3 also complies strictly with local regulations based on guidance provided by legal advisors. Such a model ensures full transparency and confidence in any asset token of this protocol. In doing so, this avoids the opaqueness and uncertainties around ownership rights which have plagued other projects in the past.

Openly-compatible, reusable digital identity

Ethereum today occupies by far the largest share of application-development activity within the blockchain space, owing to the programming flexibility provided by its Turing-complete programming language. Conversely, Stellar’s payments-optimized blockchain design allows for applications built on top of it enjoy fast and ultra-cheap transaction fees. 100,000 transactions on Stellar today are approximated to cost less than USD 0.01 to execute, with each averaging 3-5 seconds in settlement time. Rate3 is currently built to be interoperable with both the Ethereum and Stellar public blockchain ecosystems (with more planned for the future), enabling it to draw on the key unique value propositions of each.

The industry-wide shift towards greater customer personalization has seen nearly all applications requiring users to link their app usage with some form of identity. It is therefore beneficial to have an identity protocol allowing users to, upon consent, tap on a single, reusable identity, tied to the various wallet addresses that they control, that in turn syncs to the many future applications of both Ethereum and Stellar ecosystems. The same would apply as well to future applications of tokenized assets too (e.g. a platform for investors to trade fractional artwork via tokens representing ownership). This would reduce duplicated KYC efforts, which would have been otherwise necessary, along with the consequent potential data breaches that could occur.

Rate3 Roadmap

  • Q1 2018 Conceptualization

  • - Rate3 network concept development
    - Final Whitepaper released to public
    - ERC-20 Token Generation Event for network supporters
  • Q2 2018 Development of Rate3 Network

  • - Development of Rate3 network smart contracts on Stellar Testnet for Payments, Rewards and Credit Score
    - Alpha testing of Rate3 network on Stellar Livenet to improve company's existing internal operations
  • Q3 2018 Development of Network Apps and Interfaces

  • - Development of desktop/mobile multi-cryptocurrency wallet.
    - Development to support RTE payment on existing products.
    - Development for Merchant Platform and SDK help merchants to accept RTE payments
  • Q4 2018 Empowering shoppers

  • - Beta testing of Rate3 network with consumer apps
    - Launch to Singapore and SEA shoppers with purchase rewards
    - Token swap from RTE (ERC-20) to RTE (Stellar) for early token sale
  • Read More
  • Q1 2019 Empowering Merchants

  • - Launch to Singapore and SEA (merchants)
    - Expansion of network in SEA
  • Q1 2018 Conceptualization

  • ▪ Rate3 network concept development
    ▪ Final Whitepaper released to public
    ▪ ERC-20 Token Generation Event for network supporters
  • Q2 2018 Development of Rate3 Network

  • ▪ Development of Rate3 network smart contracts on Stellar Testnet for Payments, Rewards and Credit Score
    ▪ Alpha testing of Rate3 network on Stellar Livenet to improve company's existing internal operations
  • Q3 2018 Development of Network Apps and Interfaces

  • ▪ Development of desktop/mobile multi-cryptocurrency wallet. Facilitate onboarding to Rate3 network for consumers. Cross blockchain support to get more users and awareness.
    ▪ Development to support RTE payment on existing products. RateX and RateS will accept RTE alongside with local fiat
    ▪ Development for Merchant Platform and SDK help merchants to accept RTE payments
  • Q4 2018 Empowering shoppers

  • ▪ Beta testing of Rate3 network with consumer apps
    ▪ Launch to Singapore and SEA shoppers with purchase rewards
    ▪ Token swap from RTE (ERC-20) to RTE (Stellar) for early token sale
  • Q1 2019 Empowering Merchants

  • ▪ Launch to Singapore and SEA (merchants)
    ▪ Expansion of network in SEA
  • Q2 2019 and beyond

  • ▪ Geographical expansion and growing the ecosystem

Activity

Activity:
226
HIGH
Merit:
100
MEDIUM
Posts:
9
VERY LOW
Views:
513
VERY LOW
Users:
9
VERY LOW
Followers:
24 123
VERY HIGH
Tweets:
684
VERY HIGH
30 Days Growth:
-302
Members:
17 783
VERY HIGH
30 Days Growth:
-2287
Year commits:
5
Watchers:
4
Stars:
6
Forks:
1
Open issues:
0

Team

Verified 100%

Jake Goh
Co-Founder & CEO
verified
Lim Jing Rong
Co-Founder & CTO
verified
Davis Gay
Co-Founder & CTO
verified
Waihon Chee
Senior Blockchain Engineer
verified
Albert Ho
Country Lead
verified
Wu Di
Full Stack Developer
verified
Andre Khong
Software Developer
verified
Adarrel Ho
Blockchain Web Developer
verified
Daniel Olivan
Marketing Manager
verified
Eunice Er
UIUX Designer
verified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

2 ICO

$31 300 000

Shi Yi
Advisor
unverified
Yinglan Tan
Advisor
unverified
Aaron Tan
Advisor
unverified
Koh Waikit
Advisor
unverified
Quek Siu Rui
Advisor
unverified
Samuel Chan
Advisor
unverified
Kevin Li
Advisor
unverified
Will Ongkowidjaja
Advisor
unverified
Khoo Lay Seng
Advisor
unverified
Fei Ding'an
Advisor
unverified
Li Jianwei
Advisor
unverified
Chandra Tjan
Advisor
unverified

Rate3 Interviews

Jake Goh
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Check out why we started this journey here - bit.ly/rate3origins
Lim Jing Rong
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Co-CTO of Rate and Rate3.

The support we had on Rate3 was nothing short of amazing. The community that has grown around us in our social channels is outstanding, incredibly supportive and keeps growing day by day.

I'm cautiously optimistic about the Rate3 project - for us to fulfill our vision of developing a global, unified payment token that empowers buyers via transactional ledgers and establish trust & reputation within a decentralized network using smart contract functionality.
Davis Gay
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Payments should be easy, fast and cheap for everyone, including merchants. We will be working hard to build up Rate3 network and achieve our goals.
Waihon Chee
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am in charge of blockchain related software development.
Albert Ho
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
.
Wu Di
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am helping to build up the Rate3 network and integrating it with our existing products, RateX and RateS.
Andre Khong
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As a software developer working on the project, I believe that this project has the potential to solve the current challenges in the global cross-border payment scene.
Adarrel Ho
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My primary roll include designing and building the website as well as other digital creatives that involves the product. I think this is an excellent opportunity to utilize blockchain technology in the cross border ecommerce space, considering our company's experience in payments and commerce. I think there is a real need for improving backstage processes in the entire ecommerce ecosystem and this project will be the pioneers to embrace this technology.
Daniel Olivan
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
The Rate3 network is set to change the way e-commerce works by creating an efficient, fast, and reliable ecosystem of relationships between merchants and consumers.
Eunice Er
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
In charge of designing, developing and prototyping any user interface and experiences involved in Rate3 and its processes.

Last News

$ 0.0019
-2.70%
Coin Stats
Daily, %:
-2.70%
Weekly, %:
25.70%
Monthly, %:
74.98%
Market Info
Market Cap:
$ 1.849 M
Volume 24h:
$ 308.636 K
Circ. Supply:
996.21 M RTE
Ticker:
RTE

Rate3 Reviews

icoscoring.com
ICO review website

Tough competition with similar blockchain projects Lack of significant competitive edge Lack of detailed competition analysis. Developments cannot be traced via Github Demo version demonstrates poor range of functions. Payments is the one of the most relevant industries for blockchain projects so in case of Rate3 blockchain and ICO are relevant and have rational grounds. Stellar is applied for higher transaction speed. Token is used in payments but the price in fiat is also indicated. Smart contracts are used for fair cashback. Transaction history is stored on blockchain for further credit scoring. Hardcap is 25K ETH and softcap is 20K ETH. For current stage of development these needs are overestimated. Having 40% of tokens for tokensale it results in 60K ETH of token pool capitalization. Current stage is presale with the cap of 5K ETH. First-come-first-serve principle is applied and the bonus is 20%. It must be noted that there are no investors with less than 20% bonus, so it means that the bonus must be ignored here. Maximum bonus has been given to strategic partners that has already purchased 60% of tokens. Half of the bonus is vested for 6 months. The team is based in Singapore and includes 18 members. The company has been operating for 2 years and RateX (including mobile version – RateS) is its core product. CEO does not have significant experience and was in management team in PlayDate (raised 500K USD on Indiegogo). CTO has 3 years’ development experience and 1 year as a mobile app developer. Other developers have less experience before entering RateX. Marketing director has 3 years of relevant experience.

Read More
ICO Drops

13-May. Sergey: They transfered money from their wallet, around 1000 ETH, which is suspicious. It increases risk. Project looks like Medium Interest. When there is such situation in Medium project I think it is better not to participate. Link
30-May. Sergey: I partcipate in it because of funds. It is Medium Interest with red flags.

Read More
ICO Pantera
A

Advantages.
1. The project that makes stellar's overseas payment easier in reality
2. By adding a blockchain to the payment system that was already commercialized and operated by a company called RateX, it enables worldwide payment. Almost all development has been completed.
3. Hard cap is not big and much investment is made in private stage. A strong team based in Singapore National University.
A complementary point
1. Ico The fundraising period has been slowed down. There were complaints from people in this regard.
2. They are still only supporting Singapore dollars. More substantive verification is needed.
3. They have partnered with a somewhat unidentified company called Brahma OS. Brahma OS is a group that spreads false facts that they are partnering with JP morgan, HSBC and Citi GROUP.

Read More
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