>So you want to be early early right? Remit. A token (and corresponding decentralised exchange) that facilitates international transfers and currency swaps through individual currency pairs. Much like uniswaps liquidity pairs, the Remit exchange allows anyone who holds Remit + another fiat currency to create a currency pair to allow for users of Remit to either buy or sell in their desired currency. This means that Remit can actually be used in remittance transfers unlike most crypto as you can buy and sell in any currency that has been added by another user.
>Why should I invest? The global remittance is over $700 billion dollars. Capturing 1% of that amount is a $7 billion mcap for Remit with only 10 million tokens max supply. You do the math.
>Why should I invest other than just speculation? Remit has 2 tokens. The standard token and the exchange token.
Standard Remit: Goes up in value due to supply and demand + is needed to buy exchange remit Exchange Remit: Stablecoin that is pegged to the dollar + is used for transferring money through currency pairs.
>What should I buy? As a holder of the Standard Remit, you can create your own liquidity pair on the exchange once it launches. This by buying the exchange Remit and adding the desired currency e.g. dollar
>What's the benefit of having a liquidity pair on the exchange? Liquidity providers shall be rewarded with a dividends from the use of their provided liquidity, these dividends come from a slight arbitrage in the price of fiat on the Remit exchange and the spot price of Forex on international markets. Dividends are distributed through your share of the liquidity pool, if you have provided 100% of liquidity for a pair you shall receive 100% of the dividends and so on. This is what makes the Remit exchange decentralized, a Canadian investor can provide liquidity for a french factory worker sending money back to Egypt.
>2 million tokens are initially offered and it's already down to 1.7 million. Rest of the tokens can only be bought on the exchange when it launches in Q4 2020. for real? I calculated MC assuming all 10M were circulating. 10M tokens at the current price put it at 17k MC.
Noah Barnes
Based >Whitepaper 20% Initial Offering Fund These are the tokens offered to early adopters before the launch of the REMIT exchange. The number of tokens released is kept limited in order to prevent speculators from creating increased volatility, it is hoped that those that purchase during the initial offering stage will become the first currency pair creators once the REMIT exchange has been launched.
is this what making it feels like? got me feeling pretty bullish rn
Joseph Hill
Wouldn’t bother. There are massive well established crypto projects who are a couple of years ahead and still struggling to crack remittance market eg Ripple. Capturing 1% of the market sounds impressive but honestly, won’t happen.
I also detest the two token model. Inevitably what happens is they become detached price wise and the standard token becomes useful and expensive but there is no reason for the other token to do anything. Dent is a prime example - successful product and lots of their packages being sold but none of it directly affects the price of the dent token.
So for those reasons I’m out
Jason Gutierrez
not sure if you understand how low cap uniswap shit works user. SLP was posted here last week at 9k mc......it pumped 100x in 2 days. have you seen SLP?
