It just keeps on coming
The Master Protocol brings a lot of good to the crypto world
Today, I would like to introduce you to the RymCoin project.
Using the Master Protocol, RymCoins will be created from “Information Matrix Console (IM)”, where fiat currency, big data, user personal, professional, consumable and business information’s are captured; and purchasing power parity logic is applied for additional coin creation in the time of fiat currency conversion into crypto currency.
RymCoin pilot project will be developed for Kerala state of India, which have the population 33 million, almost 9% (3 million) of them are living overseas and sending $12 billion remittance, and Kerala state has 94% literacy rate and 20% of households had an emigrant and 25% of state budget depends on remittance and famously called “global remittance capitalism drives Kerala economy”.
RymCoin will be created from “Info Matrix Console”. IMC portal will consist of blend of Facebook, Linkedin and ResearchGate and all kind of open source web application will be available and entire database layout is shared with user.
Each user will have a separate cloud account, except basic information, user will have full control over his/her information flow to central console.
RymCoin consist of RamCoin and RemCoin, both coins will be created from “Info Matrix Console”. IMC portal consist of blend of Facebook, Linkedin and ResearchGate and all kind of open source web application will be available and entire database layout is shared with user. Each user will have separate cloud account, except basic information, user will have full control over his/her information flow to central console. For pilot project IMC will allow Kerala Diasporas to deposit $2000 worth of Indian rupee to IMC india bank account and he/she have to enter $500 worth of consumable commodity requirement information (25 entry x $20), which will be called InfoX and $500 worth of business information (25 entry x $20), which will be called InfoY and $5000 worth of information endorsement power.
Indian rupee purchasing power parity devaluation against US dollar is 60%, each $2 worth of Indian rupee deposit will be instantly converted into 2 Fiat Points and additionally he/she will eligible for 1 PI Points. When InfoX and InfoY are connected with different users which will form InfoZ (InfoX + InfoY), each InfoZ need to be endorsed by 3 users and each user will have 250 endorsement rights ($5000). RamCoin is equal to India Fiat Points + Purchasing Power Parity India Devaluation Points (PI Points).
RamCoin is backed by $2000 dollar worth of indian rupee, big data, and network of information. RamCoin is inflation free and continuous incremental oriented due to big data backing which is highly worth-full in internet of things era.
RamCoin is primarily for internal use and it can be used globally also, same IM Console will create RemCoin which is for global remittance purpose, based on different nations currency. IM console 90% revenue will be owned by IMC itself, so the value of the RamCoin and RemCoin is continuous incremental oriented based on information matrix and users engagement on the web portal.
The project and the web site are still under construction, however if you want to know more please see this:
Great things are happening to the Master Protocol
Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org and on Skype: Judith.Jakubovics