THELOGICALINDIAN - PRESS RELEASE Penjaga Lilin Nusantara an Indonesian Cooperative in Malang East Java is ambience up Ricetroncom a Tronbased DeFi to tokenized ricebased stablecoin The website aims to allure crypto enthusiasts to pale Tron and excellent RET Rice Economy Badge a babyminding badge that will armamentarium RIC Rice Inventory Coin stablecoin
RET badge holders will account from 30% of all transaction fees and profit-sharing of RIC DeFi, area already the DeFi belvedere active will be broadcast aback as Protégé Dividend to RET badge holder wallets.
Total accumulation is 269,000 RET with alone 190,000 RET minted through staking. It is a TRC-20 token, application a TRX blockchain area the acceleration and the fee of transaction are abundant bigger compared to ERC based token.
Indonesia uses BULOG (state-owned logistic company) to balance basic prices, which mostly focuses on rice. Due to abridgement of abstracts account skills, BULOG wastes 30,000 ton addle rice every year, which amounts to about 30 Million USD/year of the Indonesian government budget.
“The accomplished abstraction came from our affair with a accommodating administrator called Mr. Steven Henry Raharjo. His accommodating has a rice accumulation affairs area with this program, he is able to accomplish amount adherence for its members. Besides that, rice savers can additionally get added rice at the end of the year as able-bodied as accord zakat and donations to those about them who charge it after accepting to absorb any added money.” says Mr. Victorinus Widyanto, COO of Ricetron.
So, accumulated with Indonesia’s BULOG problem, the accommodating came up with an abstraction to tokenize premium-grade Rice and additionally booty advantage of the contempo cryptocurrency balderdash run. By creating rice based stablecoin, it gives bodies added admission to rice (especially BULOG rice). In addition, RIC can additionally be adapted to DeFi accumulation and collateral, and it guarantees RIC holders to beginning rice at the time of exchange, back it is backed by BULOG’s acquirement adjustment (voucher) with no time expiration. 1 RIC cryptocurrency equals 1Kg of exceptional brand rice, and added rice stablecoin will be launched in the approaching with altered rice grades.
This activity additionally allowances BULOG in creating consumers-based data, optimizing the bureau rice accretion and the best important affair abbreviation the government account accident yearly.
“Meanwhile RET will additionally be acclimated as an ballast badge for accommodating approaching projects. So bodies can participate to armamentarium approaching projects by staking RET” says Mr Eka Suwandana, CTO of Ricetron.
Ricetoken.com started the staking affairs on 15th of January 2021, it is disconnected in 7 rounds. It is additionally now alms a Youtube Staking Contest, area 20 RET in absolute will be accustomed as Prize. Checkout their buzzer channel https://t.me/ricetron, for added information.
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