Rubiex
Rubiex will be a
web-based cryptocurrency exchange which will host hundreds of coins and tokens
like bitcoin (BTC), Ethereum (ETH), Ripple (XRP), etc. The focus of Rubiex will
be to facilitate trading through our high-quality user interface or our API
functionality. Although Rubiex will begin as a crypto-exchange, we plan to
later incorporate all types of tradable assets such as stocks, ETFs, mutual
funds, fiat currencies, etc.
Merchant
Software
We plan to develop
software to facilitate trustless merchant services in both physical stores and
eCommerce marketplaces. For physical stores, we will attempt to develop
decentralized point of-sale (POS) software that can facilitate payments made
via Apple Pay, Google Pay, or credit/ debit card. To facilitate payments for
physical stores and online marketplaces, we plan to use decentralized
applications to develop novel payment gateway software.
Rubius
Smart Escrow (RSE)
To promote the adoption
of cryptocurrency, we plan to develop an escrow mechanism using Ethereum smart
contracts. With a normal escrow process, an asset is kept in the custody of a
third party and will only be released once a service has been filled or a
product has been delivered. For the Rubius Smart Escrow (RSE), this asset will
be your cryptocurrency payment and there will be no third party involved
(unless one has been specifically requested before deploying the contract).
Instead, users will both agree upon a set of conditions before deploying the
contract and these conditions will define where the assets will go in the case
of a dispute. The RSE will be incorporated into the Aryl payment platform in a
later version so that users can select and deploy contracts from inside the
app.
Rubius
Smart Loans (RSL)
The RSL will be very
similar to the smart escrow application because they will utilize Ethereum
smart contracts to conduct simple loan operations. The smart loans will be
designed for small agreements between friends and the users will be able to
deploy loan contracts directly from their Aryl app. Similar to the RSE process,
the participants will agree upon a set of conditions before the contract is
deployed. In the Aryl app, users will be able to select another friend to act
as an arbitrator for the agreement to mediate in the case of a dispute.
Decentralized
Social Media
We plan to explore the
potential of using the blockchain as a host for a decentralized social media
platform. This may include expanding Aryl’s social media features to include
more detailed user profiles and a secure messenger feature. Or, this may
include developing our own novel social media platform. At Rubius, we envision
a world where your data is owned by you and can only be sold or distributed
with your permission. After implementing our financial software, we will experiment
with different ideas to try and bring our vision to life.
Security
For all of our
applications, security will be our highest priority. Our products will already
have a security advantage over traditional financial solutions because the
traditional service providers operate using centralized ledgers, whereas we
will be utilizing decentralized ledgers. Centralized storage means that your
important data is stored in one (or a few) locations which leaves the sensitive
data vulnerable to attackers. With decentralized storage, your data will be
distributed amongst tens of thousands of computers, making it impossible to
hack because the attackers would need to gain majority control of the
fault-tolerant blockchain network.
To improve security, we
will be publishing all of our products as open-source so that they can be
publicly audited. We will also hire IT security professionals to do their own
evaluations of our software and systems. We will strive to maintain the highest
levels of IT security to protect the assets of our users. After our ICO is
complete, our first move will be to hire full-time security personnel to
oversee our operations.
Customer
Service
Unlike some of our
competitors in the market, we will be extremely focused on providing excellent
customer service. All of our software applications will be manned by a support
team that will be accessible at all times via email or phone.
You will never have to
worry about unanswered tickets. We will respond within minutes to address every
issue that you have.
ICO
Details
We have dedicated 70% of
all Rubius coins to our initial coin offering. Our Pre-ICO will begin on July
31st and last for two weeks. The main sale for our ICO will start at 2:00pm EST
on August 21st, 2018. The ICO will consist of three phases, spanning across
five weeks (or until all tokens have sold). After the end of each phase, the
price will increase, so we recommend participants get their RUBYs early.
Instant
Fiat Conversion
Rubius is making a
much-needed feature in its Aryl wallet. This is the first wallet that will give
users the ability to protect themselves from volatility. Rubius has called this
feature the Volatility Shield.
Anyone can download Aryl
and benefit from this amazing feature. Aryl users can activate the Volatility
Shield and all incoming cryptocurrency transfers will be instantly converted to
fiat or stable coins. This means that all the people who are employed by crypto
projects and are paid in ETH or BTC can now peacefully receive their payments.
As soon as their payment is deposited into their wallet, Aryl's Volatility
Shield will take over. There won't be any need to rush to an exchange with a
fast-beating heart, anxious eyes, and sweaty palms, hoping to secure fiat
before ETH drops. The volatility shield is the best anxiety pill for people
like me!
Aryl solves a real
problem from the moment it will launch. While a lot of ICOs are targeting
theoretical solutions, it's good to see that Rubius is developing something
that will provide immediate benefit to a lot of people.
The cryptocurrency market
and community are growing and as digital currencies become more popular, more
jobs are likely to participate in crypto-based payments. This is particularly
true for jobs that involve freelance work because freelancers work with clients
across borders, and cryptocurrencies are very convenient ways providing
cross-border pays. This means that Aryl can expect a growing userbase over the
years.
SUMMARY
& CONCLUSION
There are over 1.7
billion unbanked adults in the world who are forced to operate in a cash or
barter system which promotes crime and corruption. Cryptocurrency solves all of
the problems necessary to bank the world and provide everyone with common
financial services.
Although bitcoin was
invented almost a decade ago, mass adoption of cryptocurrency has not yet taken
place due to one massive problem: the software is terrible. None of the crypto-
wallets are designed as consumer-friendly payment apps. Instead, they are all
rushed low- quality products developed solely for their ICO, and most likely
will never see a single update or improvement.
Therefore, Rubius plans
to develop consumer-facing financial software that will utilize cryptocurrency
and blockchain technology.
Our primary product,
Aryl, will be an easy-to-use payment application which will utilize
decentralized crypto-wallets, as well as provide access to our cryptocurrency
exchange, called Rubiex. Our applications will be powered by Rubius coins,
which is our own cryptocurrency that is being offered in our ICO in order to
raise the funds needed to develop our software.
After producing these
initial products, we will expand our business to include a wide-range of
financial products and services, such as offering equity trading on Rubiex,
providing banking services through Aryl, and developing merchant services (i.e.
POS Software, Payment Gateways, etc.).
In the future, after
implementing all of our financial products and banking the world, we plan to
change our focus to blockchain R&D. We plan on creating our own blockchain
infrastructure and becoming the world’s first decentralized internet provider.