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NewbieActivity: 23Merit: 0 [ANN] Rya - A Decentralized Monetary System July 20, 2018, 02:26:58 PM

Last edit: December 27, 2018, 07:12:49 AM by ryo.official #1 Rya a decentralized monetary system, and to invite you to join our growing community.



Why Rya?



Bitcoin has a fixed supply of 21 million coins which causes its price to go up in the long run, just like gold (HODL). This makes it an extraordinary store of value, and a less than ideal medium of exchange. But we also want to be able to use a decentralized currency for our everyday needs: buying a cup of coffee, taking a micro loan or paying for our internet bill.



Fiats monopolistic money market will obviously never be decentralized, and regulators cant make perfect decisions all the time. They try hard (in some countries...) to make fiat a useful medium of exchange, but in the long run fiat currency tends to lose its value.



We are creating Rya to be both a stable medium of exchange and a fair store of value. The money market for Rya has a normal demand and supply curve and the rate at which money is created is dynamically adjusted to fit economic conditions. This way, we are neither limited by fixed supply nor require regulation.



Learn More



Rya uses new software and has its own blockchain and wallets for pc/mac/mobile. Nxts source code and Proof of Stake model had a big influence on Rya (especially the underlying blockchain tech). We will have a small premine which will consist of a percentage for the founding team / future dev efforts. It will also include a series of airdrops - initially to Nxt owners and later on in a tbd format. Details are still being ironed out, we will update on this asap.



Get in touch:

Telegram:

Twitter:

Website/WP:

Github:



P.S. This is NOT an ICO. We are a community of developers and economists.



---------------------------------------------------------------------------------------------------------------------------------------------------



Rya mainnet has LAUNCHED!



As promised, we are distributing 0.4 RYA for each Nxt token - a total of 40% of the initial Rya supply. We will also be distributing 0.04 Trust for each Nxt. Remember, Trust is an internal token in the Rya platform with a purpose in the minting process and it cannot be traded or transacted with. We will be happy to answer any questions you might have on Telegram, Bitcointalk or Reddit.



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TEST NET:



http://testnet-server2.ryacoin.io:8876/index.html

http://testnet-server3.ryacoin.io:8876/index.html

http://testnet-server4.ryacoin.io:8876/index.html



IMPORTANT: Do NOT enter any private keys from Nxt wallets in the test net!!

We would like to announcea decentralized monetary system, and to invite you to join our growing community.Bitcoin has a fixed supply of 21 million coins which causes its price to go up in the long run, just like gold (HODL). This makes it an extraordinary store of value, and a less than ideal medium of exchange. But we also want to be able to use a decentralized currency for our everyday needs: buying a cup of coffee, taking a micro loan or paying for our internet bill.Fiats monopolistic money market will obviously never be decentralized, and regulators cant make perfect decisions all the time. They try hard (in some countries...) to make fiat a useful medium of exchange, but in the long run fiat currency tends to lose its value.We are creating Rya to be both a stable medium of exchange and a fair store of value. The money market for Rya has a normal demand and supply curve and the rate at which money is created is dynamically adjusted to fit economic conditions. This way, we are neither limited by fixed supply nor require regulation.Rya uses new software and has its own blockchain and wallets for pc/mac/mobile. Nxts source code and Proof of Stake model had a big influence on Rya (especially the underlying blockchain tech). We will have a small premine which will consist of a percentage for the founding team / future dev efforts. It will also include a series of airdrops - initially to Nxt owners and later on in a tbd format. Details are still being ironed out, we will update on this asap.Get in touch:Telegram: https://t.me/RyaOfficial Twitter: https://twitter.com/RyaCommunity Website/WP: https://ryacoin.io Github: https://github.com/RyaDevelopers/Rya P.S. This is NOT an ICO. We are a community of developers and economists.---------------------------------------------------------------------------------------------------------------------------------------------------As promised, we are distributing 0.4 RYA for each Nxt token - a total of 40% of the initial Rya supply. We will also be distributing 0.04 Trust for each Nxt. Remember, Trust is an internal token in the Rya platform with a purpose in the minting process and it cannot be traded or transacted with. We will be happy to answer any questions you might have on Telegram, Bitcointalk or Reddit.---------------------------------------------------------------------------------------------------------------------------------------------------TEST NET:IMPORTANT: Do NOT enter any private keys from Nxt wallets in the test net!!

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NewbieActivity: 23Merit: 0 Re: [ANN] Ryō - A Decentralized Monetary System July 20, 2018, 03:25:50 PM #2 NOTHING to do with the similarly named Sumokoin fork (



We decided to proceed with our announcement using the name Ryō so as to avoid delays, but do not intend to step on anyones toes over at



Before anyone asks, Ryō hasto do with the similarly named Sumokoin fork ( https://ryo-currency.com/ ). Our community has been actively building Ryō for the last year and chose the name before any other coin existed with the same title and we own a domain which illustrates that.We decided to proceed with our announcement using the name Ryō so as to avoid delays, but do not intend to step on anyones toes over at https://ryo-currency.com/ . We plan on changing the name before launch.

alberbeni



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BSV is Bitcoin







MemberActivity: 93Merit: 11BSV is Bitcoin Re: [ANN] Ryō - A Decentralized Monetary System July 20, 2018, 03:37:49 PM #3 You have on plans include airdrops, bountys or giveaways?



Whats the algorithm of the coin? As PoS coin what will be the expected stake reward? Are in plans add MN?



Its good explain about possible mistake with other coin name but will be better if you add more technical info about the coin, not only link to the webpage. Craig Wright is Satoshi

Ryo1989



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NewbieActivity: 10Merit: 0 Re: [ANN] Ryō - A Decentralized Monetary System July 21, 2018, 03:47:19 PM #4



I am also from the RYO project community.

the white paper answers a lot of the questions.

https://ryocoin.io



we hope to announce a bounty and the airdrop soon, once we are ready to start the main net. or even before.

if someone would like to join us in the development effort or in any other way please join the telegram.



cheers











Hi guys,I am also from the RYO project community.the white paper answers a lot of the questions.we hope to announce a bounty and the airdrop soon, once we are ready to start the main net. or even before.if someone would like to join us in the development effort or in any other way please join the telegram.cheers

konstant111



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my only address Eth: 0xa3beBBea49563A6D6D....







Sr. MemberActivity: 924Merit: 250my only address Eth: 0xa3beBBea49563A6D6D.... Re: [ANN] Ryō - A Decentralized Monetary System July 21, 2018, 04:03:50 PM #6 a good start, the development of the project as a whole would like to understand what the money system means, you mean the payment system? how much is the minimum fee for testers? STOP ERC20 SCAMS

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NewbieActivity: 23Merit: 0 Re: [ANN] Ryō - A Decentralized Monetary System July 21, 2018, 07:56:33 PM #7



1) PoS questions: Ryo is based on proof of trust (PoT) which is a variation on the principles of PoS. Check out the whitepaper for a very in depth explanation on how Trust works.

2) Masternodes: at this point in time we do not have plans for MN.

3) bounty: head over to our telegram group, we will be communicating about bounties over there soon.

4) further questions: hit us up on telegram at To answer some of the questions:1) PoS questions: Ryo is based on proof of trust (PoT) which is a variation on the principles of PoS. Check out the whitepaper for a very in depth explanation on how Trust works.2) Masternodes: at this point in time we do not have plans for MN.3) bounty: head over to our telegram group, we will be communicating about bounties over there soon.4) further questions: hit us up on telegram at https://t.me/RyoOfficial if something is unclear or you want to ask further.

Ryo1989



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NewbieActivity: 10Merit: 0 Re: [ANN] Ryō - A Decentralized Monetary System July 22, 2018, 03:26:32 PM

Last edit: July 22, 2018, 04:34:22 PM by Ryo1989 #10



2. Quote from: alberbeni on July 20, 2018, 03:37:49 PM You have on plans include airdrops, bountys or giveaways?



Whats the algorithm of the coin? As PoS coin what will be the expected stake reward? Are in plans add MN?



Its good explain about possible mistake with other coin but will be better if you add more technical info about the coin, not only link to the webpage.



Yes Main Net are in plans. sooner then you might think (but no master node)

the algorithm is a bit complex but here some info from the white paper:

"Ryō (Japanese: 両) is a cryptocurrency and monetary system designed to

be both a store of value and a medium of exchange. Using a free, decentralized

monetary market, the Ryō system tethers money supply to credit without the need

for a monopolistic regulatory institution. Money supply is adjusted dynamically

depending on economic cycles making for a better medium of exchange. Ryō and its

Proof of Trust (PoT) model is therefore expected to be a fuller and more complete

substitute for Fiat monetary systems than any cryptocurrency yet"







3. Ryō has NOTHING to do with the similarly named Sumokoin fork (



We decided to proceed with our announcement using the name Ryō so as to avoid delays, but do not intend to step on anyones toes over at



1. The amount of tokens/Ryo coins in the genesis Block is not yet determine, in any case Ryo is a free money market and the binding of system-wide credit to money creation ensure that the amount of money in circulation will be appropriate for the state of the economy.2.Yes Main Net are in plans. sooner then you might think(but no master node)the algorithm is a bit complex but here some info from the white paper:"Ryō (Japanese: 両) is a cryptocurrency and monetary system designed tobe both a store of value and a medium of exchange. Using a free, decentralizedmonetary market, the Ryō system tethers money supply to credit without the needfor a monopolistic regulatory institution. Money supply is adjusted dynamicallydepending on economic cycles making for a better medium of exchange. Ryō and itsProof of Trust (PoT) model is therefore expected to be a fuller and more completesubstitute for Fiat monetary systems than any cryptocurrency yet"3. Ryō has NOTHING to do with the similarly named Sumokoin fork ( https://ryo-currency.com/ ). Our community has been actively building Ryō for the last year and chose the name before any other coin existed with the same title and we own a domain which illustrates that.We decided to proceed with our announcement using the name Ryō so as to avoid delays, but do not intend to step on anyones toes over at https://ryo-currency.com/ . We plan on changing the name before launch.