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Rate3 (RTE)

ICO
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Rate3 is a decentralised dual protocol for cross-border payment & credit scoring.

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Overview

Project industryFinance Services & Banking
Product typePlatform
WhitepaperRate3 White Paper Open

What is Rate3

Rate3 offers consumers mid-market exchange rates, no additional transaction fees & instant cashback.

Rate3 offers merchants to pay network fees at a fraction of existing fees with no chargeback risks & simple straightforward integration.

Rate3 offers borrowers full control and transparency with low rates, more verification & access to global lenders.

Rate3 offers lenders lower default rates and the ability to lend to global borrowers,

Rate3 architecture comprises three layers:

  • The Application layer enables decentralized apps that require access to efficient payment systems and a decentralized credit score;
  • The Platform layer allows for the creation and integration of credit and data marketplaces;
  • The Rate3 Dual Protocol allows for decentralized cross-border payment and credit scoring.

Details

Pre-sales: Apr 16, 2018 - May 31, 2018
Token supply: 400,000,000
Soft cap: 20,000ETH
Raised: 17,500,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: China, United States, South Korea,
Registration country: Singapore
Registration year: 2018

Token info

Ticker: RTE
Type: Utility-token
Accepted currencies: ETH
Bonus program:
Pre-Sale Bonus: 20%
Token distribution:
40% - Token Sale
25% - Company
10% - Listing and Exchanges
10% - Team and Advisors
10% - Reserve
5% - Community
Funds allocation:
30% - R&D
25% - Partnerships
20% - Marketing
10% - Operations
10% - Listing Fees
5% - Legal

Rate3 Roadmap

1
Q1 2018 Conceptualization

? Rate3 network concept development
? Final Whitepaper released to public
? ERC-20 Token Generation Event for network supporters

2
Q2 2018 Development of Rate3 Network

? Development of Rate3 network smart contracts on Stellar Testnet for Payments, Rewards and Credit Score
? Alpha testing of Rate3 network on Stellar Livenet to improve company's existing internal operations

3
Q3 2018 Development of Network Apps and Interfaces

? Development of desktop/mobile multi-cryptocurrency wallet. Facilitate onboarding to Rate3 network for consumers. Cross blockchain support to get more users and awareness.
? Development to support RTE payment on existing products. RateX and RateS will accept RTE alongside with local fiat
? Development for Merchant Platform and SDK help merchants to accept RTE payments

4
Q4 2018 Empowering shoppers

? Beta testing of Rate3 network with consumer apps
? Launch to Singapore and SEA shoppers with purchase rewards
? Token swap from RTE (ERC-20) to RTE (Stellar) for early token sale

5
Q4 2018 Empowering shoppers

? Beta testing of Rate3 network with consumer apps
? Launch to Singapore and SEA shoppers with purchase rewards
? Token swap from RTE (ERC-20) to RTE (Stellar) for early token sale

6
Q1 2019 Empowering Merchants

? Launch to Singapore and SEA (merchants)
? Expansion of network in SEA

7
Q2 2019 and beyond

? Geographical expansion and growing the ecosystem

Project team

Goh Jian Kai
Goh Jian Kai
Co-Founder & CEO
Goh Jian Kai linkedin
Lim Jing Rong
Lim Jing Rong
Co-Founder & CTO
Lim Jing Rong linkedin
Davis Gay
Davis Gay
Co-Founder & CTO
Davis Gay linkedin
Waihon Chee
Waihon Chee
Senior Blockchain Engineer
Waihon Chee linkedin
Albert Ho
Albert Ho
Country Lead
Albert Ho linkedin
Wu Di
Wu Di
Full Stack Developer
Wu Di linkedin
Andre Khong
Andre Khong
Software Developer
Andre Khong linkedin
Adarrel Ho
Adarrel Ho
Web Developer
Adarrel Ho linkedin
Daniel Olivan
Daniel Olivan
Marketing Manager
Daniel Olivan linkedin
Eunice Er
Eunice Er
UIUX Designer
Eunice Er linkedin

Advisors

Yinglan Tan
Yinglan Tan
Founding Managing Partner, Insignia Ventures
Yinglan Tan linkedin
Aaron Tan
Aaron Tan
Co-Founder & CEO
Aaron Tan linkedin
Koh Waikit
Koh Waikit
Investment, Pavilion Capital
Koh Waikit linkedin
Quek Siu Rui
Quek Siu Rui
Co-Founder & CEO
Quek Siu Rui linkedin
Samuel Chan
Samuel Chan
Vice President, Trader, Asian FX & Interest Rates
Samuel Chan linkedin
Kevin Li
Kevin Li
Co-Founder & CEO
Kevin Li linkedin
Will Ongkowidjaja
Will Ongkowidjaja
Co-founder & Managing Partner, Alpha JWC
Will Ongkowidjaja linkedin
Khoo Lay Seng
Khoo Lay Seng
Director, Investments at Khazanah Nasional
Khoo Lay Seng linkedin
Fei Ding'an
Fei Ding'an
Principal at Warburg Pincus
Fei Ding'an linkedin
Li Jianwei
Li Jianwei
Managing Partner at Zhencheng Investment
Li Jianwei linkedin
Chandra Tjan
Chandra Tjan
Co-Founder & Managing Partner
Chandra Tjan linkedin

Social media

Rate3 web-siteRate3 MediumRate3 TelegramRate3 Twitter

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