Recast1

Recast1

Created using Figma
Recast1 is a coin that only users can increase its inflation via transferring and the increase in the created supply is generated by the transferring user. All transferring users will earn R1 for each of their transfers, except in certain circumstances. If we view the basis of the world economy, we notice that the inflationary monetary base was created to meet the needs of that given period. For example, as the use of a local currency increases, its supply will also increase and people will meet their needs. The R1-Coin is based on this principle.
Data is not available
ICO Launchpad
Jun 15, 2021
Nov 30, 2021
100% completed
Raised funds - no Data
Goal 25 000 000.00 USD
Cap 25 000 000.00 USD
past
  • 1 RI
    =
    0.0006 USD
Token Details
Ticker
R1
Total supply
10,000,000,000.00000000
Token Distribution
Circulating--%50
Stake--%25
Market--%14
Team and Founders--%11
Accepted Currencies
TRX
Min Contribution
25000000
USD
Company Details
Registered Country
United Kingdom
Bonus Structure
20% TRX Reference Bonus
Additional Details
Platform
Tron
Categories
Platform, Payments

About Recast1

R1 Coin
solving the target of widespread use with the method of making money from transfer; A decentralized network that aims to provide price stability with the growth of the user base. In this application, stake and transfer coins are earned. Since each user will earn coins, the supply will be unlimited. this unlimited supply is regulated by certain restrictions.

R1 Exchange
*Individuals and Institutions provide their tokens by forwarding their projects to us and we guarantee that we will list them with R1ex and / R1.
* Start-Up projects on the R1 exchange will collect demand at certain rates and will be processed with variable durations proportional to the R1 coin weight on the exchange.


R1 Economy
*All institutions and individuals in the world will be able to create their own profiles and easily find what they are looking for about all economic units in the world.
*Economists and Strategists will be able to sell their sofrware, indicators and economic articles as NFT if they wish.

Technical Info

1- INTRODUCTION
The main purpose of the crypto money system, starting from the system, to be decentralized. The second goal is Ensuring 'decentralization' is making money and ensuring that it can be provided. Angry supply system, system systems. However, this How efficient is it to recover its pricing? It is not stable living. This 'stable rise', miners as you gain fewer blocks. So not to reach more users. block floor its 4 is cut in half. With the halving -even if the number of users does not increase- price. power Although the problems in pose applications are solved in software, they cannot be solved jointly. for

This Plus is reminiscent of the Cryptocurrency ecosystem's infancy of money. Gold, silver etc. coins were. It was not inflationary. However, such closed-loop systems do not provide protection. The money everyone has access to is fiat money. a possibility The fact that it has a reputation. silver, Metals such as palladium, platinum, gold are valuable. But fiat money is widely used 3 currencies such as euro and usd. For user reference According to the token he holds, a significant difference can be created. In This user has standards equal to its users, but to those who may be able The benefit will generate more profit.

2- PURPOSE
In the cryptocurrency ecosystem, stable coins only work as indexed to fiatcurrencies. But a stable decentralized-coin can be produced if we make the economic principles volatile in consensus. The important factor that makes it stable will be mathematically calculating the variable production standards in use (ie the number of transfers).

In order to create both 'variable' and 'standard in production' we need to record the number of transfers made within a certain time frame. For example, this recording could be every hour. The number of transfers made each hour will be different. . Here, the mean of each digit that is different will be the 'variable'.
When this variable is calculated as %, it is easier to create standards. This standard restricts the token supply to grow by no more than 5% per year. Because transfer gain over 5% is 0 coins. If the number of transfers on the network decreases by 5%; the next hour each transfer earns 15 coins. In this order, for example, 0-15-0-10-1-8-5 means that the 7-hour transfer average is 5.57 coin supply. But as a percentage, it means a contraction in the average number of transfers. In other words, it is the 5.57 or 5-8 coin supply band, which
is produced with a contraction of 0-2.5% every hour (transfer number), such as 100-98-96-94. In this case, the ideal usage band (shown in the table below) would be B-C-D. While the number of transfers increases by 100-102-104-106 evey hour; 4.6 is the average number of tokens produced.

In this system, which was developed by assigning the average of the transfer number as a variable, market pricing (number of transfers) / (number of users) or supply increase accelerations of two coins with unlimited supply (doge/r1) will be effective. For this reason, it can be a coin independent of fiat, where the ratios affect the price.

Recast1 Roadmap

  • 2020 Q3

  • Idea formet and team gathered.
  • 2021 Q2

  • Token generation - TRC20.
  • 2021 Q3

  • Launchpad ICO Start.
  • 2021 Q3

  • The first two joint announcements of R1
  • Read More
  • 2021 Q4

  • Launching the R1 app for IOS and Android.
  • 2021 Q4

  • Minor Exchange
  • 2021 Q4

  • Launchpad ICO Ending
  • 2021 Q4

  • Global exchange listing.

Recast1 Team

Verified 0%

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

Imran Tariq
Founder
unverified
Antoine Beyssac
Community relationship Manager
unverified

Recast1 Last News

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