Quote from: AmoreJaz on January 25, 2019, 10:00:27 PM

Quote from: andreldsg on January 25, 2019, 09:50:09 PM

Quote from: nobytes on January 25, 2019, 09:10:24 PM

Ok, another stable coin? Can you elaborate on how is this government backed 80%+ while other stable coins are not?

Hello there nobytes! Wink

Well, for starters, ARYZE is not "just" another stable coin. While traditional stable coins are backed in a way where they hold fiat value in a bank account, and then issue assets backed by that underlying value, these funda are at risk because they are solely under the bank's control, should they ever freeze, go bankrupt or any other possible harmful outcome. In order to minimize this risk, ARYZE stablecoin solvency will be managed by placing a vast majority of the liquidity in government or quasi-government bonds and bills, that way, there's never the risk of default by a sovereign nation that issues its free-floating currency and where its debts are denominated in that currency.

However, one must also consider that ARYZE is not just "another stablecoin" as well. Within the ecossystem, the team will also offer a corporate cash management platform for businesses to ease the entry point and erase the barrier of knowledge of Blockchain or Crypto, merchant tools to let businesses accept digital payments from any ARYZE user and merchants as well as manage their various funds, including foreign exchanges and payments and also a mobile payment application - codenamed MAMA: Multi-Asset Modular App - also a key element on the entire suite of ARYZE products, allowing it to be bent to the demanded usage, customized to experience based on the users needs. It can be compared to what we see in browsers like Chrome and Firefox in regards to customization by extensions. Cool

There's much more you can learn about ARYZE if you wish so, make sure you join the conversation at the Telegram Group so you can engage with the team and the rest of the community as well! Wink

so whose government is backing this project? how did you come up with 80% as representation from your government?

Hello AmoreJaz,
here is an explanation of how ARYZE Digital Cash is backed from their official FAQ:
Cryptocurrencies in the form of stablecoins that are backed one-to-one by real underlying fiat currencies, issued by governments.

Corporations naturally prefer to receive a currency that is not volatile in return, and that is where ARYZE digital cash comes into play; a cryptographically secure token, linked to national money that will have the benefits of quick and immutable transactions through distributed ledgers, yet also the non-volatility of fiat currency. You get the best of both worlds.

Moreover, ARYZE collateralizes stablecoins by incorporating government risk. Were essentially insuring deposits through short-term government bonds and bills and working towards drastically reducing credit risk. This is to provide considerably less risk for corporations seeking to exchange currencies, as well as provide an additional revenue stream for ARYZE.

Furthermore, as digital cash is built on distributed ledger technologies, we can implement smart contracts for digital contract management, trade financing, and other programmable API solutions.

Using the latest modern technology, we can facilitate near zero cost transactions on a domestic level, and maximum 1% foreign exchange fees for cross-border transactions.