Rupiah Token IDRT White Paper

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Hello and welcome to this blog post about Rupiah Token IDRT White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the Rupiah Token IDRT white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the Rupiah Token IDRT.

I can ensue you that, you will be able to understand every bits and pieces related to Rupiah Token IDRT after going through the Rupiah Token IDRT white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Rupiah Token IDRT White Paper

Rupiah Token IDRT white paper will be going to provide you, all the information that is needed to get started with Rupiah Token IDRT, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Rupiah Token IDRT.

Introduction

Rupiah Token (IDRT) enables you to use Indonesian Rupiah directly on top of Ethereum & Binance Chain. You can use IDRT to trade on our Crypto-Exchange Partners.

IDRT is the first crypto-asset which price is intended to mimic the value of Indonesian Rupiah. IDRT is issued by PT Rupiah Token Indonesia, an Indonesian-based startup. As an ERC-20 token built on Ethereum, IDRT inherits the speed, security, transparency, and other desirable characteristics of the Ethereum Blockchain.

This combination of the Ethereum Blockchain and price stability relative to Indonesian Rupiah resulted in a digital asset that provides consumers with a stable store of value. The main target customers of IDRT are Indonesian cryptocurrency traders who want to access global crypto exchanges. PT Rupiah Token might collaborate with third-party market makers or independent traders in cryptocurrency exchanges to help ensure IDRT price mimics Indonesian Rupiah.

Branding and market education will also help in establishing market consensus among traders that the value of IDRT tracks Indonesian Rupiah. However, the ultimate price of Rupiah Token in each cryptocurrency exchanges will depend solely on market forces of supply and demand. Rupiah Token has no contractual obligation to perform buyback of IDRT from its holders and does not represent the indebtedness to the IDRT holders.

White Paper Link: Rupiah Token IDRT White Paper

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