1. TECHNICAL UPDATES

Our engineers have been working hard on the engineering, test integrations with Stellar and the technical architecture for the entire Rate3 Project:

i. Dual Protocol

The Rate3 Network is powered by two core protocols: the Cross-Border Payment Protocol (CPP) and Credit Scoring Protocol (CSP). The CPP helps to address the adoption issue faced by any protocol system (i.e how do we get early adopters onboard?), by making it so seamless, affordable and easy for consumers to send cross-border payments to merchants. The CSP builds on top of the CPP, by creating an alternative scoring mechanism. This way, borrowers like consumers or merchants find it easier to obtain credit, when 99% of borrowers are unable to gain process to credit. Likewise, it provides an easy bridge for traditional capital funds to gain access to these borrowers.

Rate3 Cross-Border Payment Protocol (CPP)

Rate3 Credit Score Protocol (CSP)

Access our Whitepaper here: https://rate3.network

ii. Rate3 Testnet NOW LIVE!

Our testnet is live too. You can download the testnet chrome extension, and pay with test RTE tokens.

Download it here: https://www.rate3.network/testnet

iii. Cross-Chain Architecture

Our native RTE tokens can exist on through the Ethereum blockchain and Stellar network, through cross-chain atomic swaps, executed through a hashed time-locked contract. Users would be able to swap their RTE ERC-20 token on their Ethereum wallet for a Stellar asset RTE token on their Stellar wallet, through a smart contract. This way, we can utilize Stellar for cross-asset transactions, but also use Ethereum for their Turing-complete nature. This also helps to increase liquidity for RTE tokens. In the future, we will continue to expand our cross-chain architecture:

Cross-Chain Architecture

Read more about our Cross-Chain Architecture here: https://medium.com/official-rate3/atomic-swap-rate3-rte-runs-on-both-ethereum-stellar-1e16fcebe7c4