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Rate3 (RTE)

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ICO

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

Rate3 White Paper Whitepaper

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User Rating
Medium
3/5 1 votes
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Ticker
RTE
Type
Utility-token
Registration countrySingapore
Registration year2018

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.

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

Token Sale Dates

Presale Period

Start date: Apr 16, 2018
End date: May 31, 2018

Token Allocation

Total Token Supply 400,000,000

Funding Details

Soft Cap 20,000ETH
Funds Raised (as of now) 17,500,000 USD

Restrictions

Residents of the following countries are prohibited from participating
China, United States, South Korea,

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

Token Price and Payment Options

Accepted Currencies ETH

Project team

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

Advisors

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

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