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Royal Sting

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Royal Sting bounty

Royal Sting is a FinTech b2b2c platform on blockchain technology.

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Overview

Project industryBlockchain Infrastructure
Product typePlatform

What is Royal Sting

«Royal Sting» – FinTech B2B2C Ecosystem. Flagship of the «Royal Sting» is the WORLD WITHOUT BORDERS project . Financial institutions gain an advantage over the competitors due to speed, simplicity, cost savings and, most importantly, additional profit in servicing cross-border money transfers. The main goal is the integration of the digital economy ecosystem into the traditional financial and commodity environment, as well as the creation of a single and understandable gateway for financial institutions, ordinary consumers, and solutions to a number of obsolete processes of financial and economic services.

Built on «Blockchain DPOS + DAG» distributed ledger technology each user can make a safe deal, sell/buy goods or digital currency without worrying about the security of their data and the loss of personal funds. Internal digital exchange Sting DEX does not hold user funds, the client’s funds are transmitted through direct peer-to-peer network, thus becoming an autonomous and secure tool for each party of the transaction.

  • Instant transactions
  • B2B2C marketplace
  • DEX Internal Exchange
  • Transfer system for financial institutions
  • Decentralized Escrow
  • Own Blockchain
  • Multicurrency Stablecoin
  • Easy integration with API
  • BLOCKCHAIN ROYAL STING

    «Blockchain Sting Network» The technical structure combines DAG, DPOS and POS, because of asynchronous graphs we are able to solve most of the scalability and transaction speed problems at a large number of network participants.

  • Asynchronous operation
  • Hybrid Protocol
  • Sidechain Support
  • Clustering
  • P2P
  • Horizontal scalability
  • Details

    Public sales: Nov 30, 2018 - Feb 28, 2019
    Soft cap: 5,000,000USD
    Hard cap: 50,000,000 USD

    Legal

    Registration country: Kyrgyzstan
    Office address: 52 Orozbekova St. Bishkek 720040 Kyrgyz Republic.

    Token info

    Ticker: RSF
    Type: Utility-token
    Token price in USD: 1 RSF = 0.0143 USD
    Accepted currencies: USD
    Funds allocation:
    13% Project management
    32% Technical staff
    23% Operating expenses
    22% Marketing and PR
    10% Consulting

    Royal Sting Roadmap

    1
    Q4 2018

    Identification of needs;
    The formation of idea;
    Blockchain platform development with the algorithm of the network (DPOS+DAG);
    Development of technical specifications for desktop and mobile versions of the application;
    Signing of contracts between partners / banks, strategic relations;
    Launch of the primary Blockchain of the «Sting Network»;
    Company registration;
    Passing the «Financial assessment» of the blockchain platform;
    Issue of digital RSF shares;
    Issue of cross-border RSU unit;
    Placement of shares on the Stock Exchange of the Kyrgyz Republic;
    Conducting public sale of RSF (security token offering).

    2
    Q1 2019

    Beta version of the mobile application «World Without Borders»;
    Safety audit / stress tests.

    3
    Q2 2019

    Start of work of financial structures with RSU;
    Launch "World Without Borders".

    4
    Q3 2019

    Update the Royal Sting RSU Blcockahin network. 1.1.

    5
    Q4 2019

    Launch B2B2C Royal Sting Marketplace beta. 1.0;
    Testing / Auditing the security of a Decentralized Escrow Smart Contract;
    Launch Sting DEX beta's Digital Exchange 1.0;
    Security testing / audit.

    Advisors

    Almazbek Shabdanov
    Almazbek Shabdanov
    Broker
    Almazbek Shabdanov linkedin
    Jan Louw
    Jan Louw
    Banking and marketing
    Pascal Nieling
    Pascal Nieling
    Global Marketing, SMM, PR
    Pascal Nieling linkedin

    Social media

    Royal Sting web-siteRoyal Sting MediumRoyal StingYouTubeRoyal Sting TwitterRoyal Sting Facebook

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