Render It Coin, symbolized by RNDIT and for simplicity refered to as
‘coin’ or ‘token’ for purpose of this paper, is our own cryptocurrency
designed and powered by an ERC20 smart contract brought by Ethereum
[2]. Owned, designed and managed by our company Render It, it will act
as a main payment method and a mediator currency for all other supported
forms of payments that we accept in exchange for our services. As it
currently remains in the birth stages, it is being offered in a phase,
commonly called ‘Initial Coin Offering’ or ‘ICO’ for short by experts in this
business area, at little price rates and can be attained using common credit
card payment forms and even popular cryptocurrencies, like Bitcoin [1] or
Ethereum.
Once ICO stage is completed and our coin is completely designed and
distributed, we will register it on global and local digital currency exchange
listings, where it becomes interchangeable with other famous
cryptocurrencies, that we have mentioned before and also many more.
Constructing our own cryptocurrency demands a specification of a
capacity amont, meaning specifying an utmost limit that will govern the
supply of our coin, which we have decided to fix at 5 million tokens. It is
an optimal amount which we believe will guarentee a valueable and stable
standing for our coin.