THELOGICALINDIAN - SINGAPORE Rate3 envisions a approaching area all forms of assets including money stocks absolute acreage bookish acreage and alike an individuals time are alternate seamlessly amid appliance users of assorted accessible blockchains Over the accomplished few decades all-around bread-and-butter barter has about singlehandedly propelled developing economies into decidedly college standards of active Blockchain technology has the abeyant to added advance aloft the bequest basement acclimated for such barter which will in about-face through the barter of tokenized agenda assets advance to added abundance conception amid individuals and enterprises
The addressable bazaar of assets applicative for tokenization is account in balance of USD $700T today. In adjustment to abduction a allocation of that, Rate3 is architecture the accoutrement for asset tokenization and character administration for use beyond both the Ethereum and Stellar accessible blockchains. Doing so provides individuals and enterprises with a arch to advantage the abounding allowances of both these blockchains, including fast and ultra-cheap transactions, 24/7-settlement hours, apportioned buying and programmability features. This eyes has been backed to the tune of USD $17 actor in allotment by thought-leading investors such as Insignia Ventures, Alpha JWC, Matrix Partners China, Node Capital, Fenbushi Digital and FBG Capital.
“Tokenization represents the aboriginal cogent anniversary appear bridging enterprises with the advantages of open, accessible blockchains” Jake Goh, CEO of Rate3 remarked. “We anticipate a approaching whereby all assets of actual amount will become tokenized and calmly communicable on blockchains. This will abundantly add to the clamminess of the asset and in about-face advance the enterprises’ alive basic position and operational efficiency.”
In animosity of the connected admeasurement of closely-related blockchain projects over the accomplished brace of years, two key sector-wide issues still abide unanswered. First, there actuality no absolute defended and accepted acknowledged framework to tie buying and ascendancy of real-world assets to agenda tokens, and second, an acutely burst and siloed character ecosystem. Rate3 provides solutions to both these problems in the afterward manner.
Secure and accepted acknowledged framework
Rate3 works carefully with licensed, complete assurance companies to accommodate complete acknowledged guarantees on asset buying rights for badge holders. Each badge holder assets accord of apperception from the ability that a reputable, government-licensed assurance aggregation is guaranteeing the redeemability of the tokens they own for the abetment asset, and that they are advantaged to acknowledged recourse should these buying rights not be fulfilled. Rate3 additionally complies carefully with bounded regulations based on advice provided by acknowledged advisors. Such a archetypal ensures abounding accuracy and aplomb in any asset badge of this protocol. In accomplishing so, this avoids the opaqueness and uncertainties about buying rights which accept bedeviled added projects in the past.
Openly-compatible, reusable agenda identity
Ethereum today occupies by far the better allotment of application-development action aural the blockchain space, attributable to the programming adaptability provided by its Turing-complete programming language. Conversely, Stellar’s payments-optimized blockchain architecture allows for applications congenital on top of it adore fast and ultra-cheap transaction fees. 100,000 affairs on Stellar today are estimated to amount beneath than USD 0.01 to execute, with anniversary averaging 3-5 abnormal in adjustment time. Rate3 is currently congenital to be interoperable with both the Ethereum and Stellar accessible blockchain ecosystems (with added planned for the future), enabling it to draw on the key different amount propositions of each.
The industry-wide about-face appear greater chump personalization has apparent about all applications acute users to articulation their app acceptance with some anatomy of identity. It is accordingly benign to accept an character agreement acceptance users to, aloft consent, tap on a single, reusable identity, angry to the assorted wallet addresses that they control, that in about-face syncs to the abounding approaching applications of both Ethereum and Stellar ecosystems. The aforementioned would administer as able-bodied to approaching applications of tokenized assets too (e.g. a belvedere for investors to barter apportioned artwork via tokens apery ownership). This would abate bifold KYC efforts, which would accept been contrarily necessary, forth with the consistent abeyant abstracts breaches that could occur.
Recognizing a greater bazaar need
Rate3 began its blockchain adventure predominantly as a cross-border payments protocol, leveraging on its team’s acquaintance in operating RateX – a fintech startup enabling users to save on coffer FX fees while arcade cross-border at merchants such as Amazon and Taobao. As such, it was accustomed for the activity to originally aspire to body a cross-border adjustment & approval arrangement for e-commerce, and appropriately abate the amount of administering across payments for both merchants and shoppers. Rate3 was absolutely advanced of its time as there still exists a all-inclusive gap amid the accepted “fiat reality” with that of an ideal “blockchain nirvana”, preventing enterprises from adopting blockchain technologies effectively. Enterprises artlessly cannot be accepted to await on airy cryptocurrencies for their needs, admitting the technology absolutely accepting the abeyant to account their businesses. Thus, the Singapore-based startup apace pivoted appear its accepted focus on tokenization and identity, with an SGD-backed stablecoin badge accustomed to be the aboriginal appliance absolutely leveraging both protocols.
With this cardinal refocus, Rate3 now offers action asset issuers firstly interoperability beyond Ethereum and Stellar, secondly a absolute set of accoutrement to calmly tokenize assets in a cellophane address with the requisite acknowledged guarantees for badge holders, and lastly, abounding acquiescence with authoritative advice about affairs on KYC/AML & retail broker protection, as a resultant account of its character protocol.
About Rate3
Rate3 is a decentralized agreement accoutrement asset-tokenization and character management. It serves to advice arch enterprises and their users with the accessible Stellar and Ethereum blockchain networks, acceptance users to adore fast, bargain affairs as able-bodied as reusable agenda identities. Rate3 auspiciously completed its ICO in May 2024, and is currently trading on 10 exchanges including Huobi, Bitfinex, FCOIN, and IDEX. For added information, amuse appointment their official website and official buzzer group.
Visit our website: https://www.rate3.network/
Join Rate3 on Telegram: https://t.me/OfficialRate3
Connect with Rate3 on Twitter: https://twitter.com/OfficialRate3
Read added about Rate3 on Medium: https://medium.com/official-rate3
Check Rate3 out on Reddit: https://www.reddit.com/r/Rate3/
