REMIIT

REMIIT is a decentralized platform that unites enterprises and users for money transfers based on the principles of openness and trust. The idea is realized on the basis of blockchain technology. The working tool is the SmartContractSystem application.
The developers set an ambitious goal-to build a revolutionary platform for making money transfers through blockchain technology. The ecosystem will open up new opportunities and allow to scale business in the sector of various financial operations. It is clear that in the REMIIT ecosystem each participant is at the center of business relations and can create different channels of exchange and transfer of electronic money. Tokens will be used as the working currency.

REMIIT tokens

Internal cryptocurrency will be used within the system. At the same time, to reduce the risks associated with the volatility of tokens, the developers divided them into two parts: REMI and REMD. This principle will reduce exchange rate fluctuations and ensure the stability of the growth rate. At the same time, REMI tokens will serve as a reward for mining. In the end, a certain amount can be converted to REMD. It is for REMD will be determined by the index of the border, to carry out foreign exchange transactions and translations. REMD will also serve as a guarantor of reliability in transactions.
A two-level system of tokens allows you to monitor the development of the exchange rate difference and keep the situation under control. Operations within the platform will be carried out using smart contracts and a unique Protocol.

Smart contracts and REMIIT Protocol

Target audience — market participants whose business activities are directly related to the implementation of international money transfers. The smart contract will have access to the extended B2B network. The use of blockchain technology will be an absolute innovation and an unprecedented act that will erase the borders between States and continents.
Market participants have the opportunity to observe the state of the transaction, to exchange information and data. Each smart contract is a dedicated channel for participants, which provides transparency and a high level of security in transactions.

The advantages of the platform:

Reduced interest rate of B2C.
Bringing the currency to a single denominator.
There are no borders.
Decentralization of transactions.
The use of smart contracts for the protection and protection of transactions at a high level.
Transparency of operations.
A unique channel for participants in each transaction.

Economic activity in the field of international transfers is still a niche and fairly closed sector of economic activity. Implementation of decentralized technologies and peer-to-peer principle of interaction is a slow and time-consuming process that requires to be coordinated work of developers. The emergence of the platform is intended to change the situation. Operation of REMIIT smart contract system tools serves as a criterion for acceptance of the blockchain system by key market players. Since the technology provides a high level of protection and transparency of transactions, it can also be used for various business services related to transfers and payment systems.