The first thing that came to my mind when I first started treading into the crypto waters was how and where can I use all these cryptocurrencies that were available. It was during early 2011 and there were quite a few currencies on the market with my attention on Bitcoin, just like anyone else. But was disappointed once I found out there were only few places in the whole wide world were I could use it.
So, it became a case of just investing and hoping for the prices of each coin to increase in the coming future. It's potential was and is still being wasted in the fact that it could be used in many different ways other than just being an investment asset.
But, the problem lies in the fact that even today, the situation remains the same, with very little outlets for usage for cryptocurrencies though they have reduced slightly in volatility and have stabilized a bit compared to the nascent years. There has been a lot of prices correction recently and it seems to be reaching a point where it's rates have somewhat regulated and become more liquid to be used in places where fiat is used, replacing it, which is why it was introduced in the first place.
None of it's advantages are being put to use, such as it requiring no middlemen, it having no boundaries and can be used globally. It also is much more secure and flexible than fiat. But, we invest in cryptos just for these advantages that it brings to the table and not thinking about if any of these would be realised in the near future. All of the projects promise just that and we haven't seen most realise the full potential of Cryptocurrency and Blockchain.
This and the fact that there being multitude of various cryptocurrencies and each having their own Blockchain and wallet makes it harder for us to keep track of what we have where. And even you thought of send fiat to someone by converting it to crypto and sending it to the other party and on receiving, doing the reverse to convert it back to fiat is cumbersome, involves a lot of steps and fees which takes away the ease of use that cryptocurrencies were basically built for.
Rubius Platform
They plan on solving the above mentioned problems by using the Blockchain to create a platform where the users will be able to not only store cryptocurrency, Aryl Wallet but will be able to use the platform as an Exchange, Rubiex Exchange, as well as for Payments. They also offer the ability to store any of your fiat or crypto assets in the form of preferred storage currency so that you can make sure it does not devalue much and remains liquid. This means that you can store all of your crypto assets as fiat for liquidity and can be transferred to someone by converting it to a crypto of preferred choice and being send to the other person via their platform and the reverse happens on the other end so that they receive the requested amount.
This means that it offers a much better user experience as they can do all they want right from a single app and eliminates you from going through a lot of steps to make even a simple transaction or transfer using cryptocurrency.
ICO & Team
They plan on powering their Platform, Exchange and Payment System by introducing Rubius (RUBY) Token which is based on Ethereum's ERC-20 Token. They plan on holding their Pre-ICo on 31 July and their Main-Sale on 21 August with decremental periodic bonuses. It requires for you to be Registered, Whitelisted nand KYC Verified in order to participate in the ICO.
The Founders and rest of the team has adequate experience in Business, Marketing, Blockchain, HR, Community Management, Design and Content Writing respectively. The advisory board consists of experienced ICO Analysts, Financial Advisors, Investors, Entrepreneurs who also bring along their expertise in fields of Cloud/IT Infrastructure, Payments, Exchanges, Business Development, Blockchain, Investments and Finance.
Conclusion
Although every other Blockchain Project that comes up is based on a similar topic of making cryptocurrency and Blockchain Technologies realize its true potential, not many have been able to successfully achieve what they set out for.
They have got a diverse team with good backing from experienced Advisory Board. They have got all that it takes along with a MVP that separates them from rest of the crowd. They must acknowledge the fact that they will face a lot of competition and are entering a highly saturated market and must work hard on delivering their promise. If able to do so, then there is a lot of chance of them become a viable player in this field.
Website - https://rubius.io/
Whitepaper - https://rubius.io/rubius-whitepaper.pdf
ANN - https://bitcointalk.org/index.php?topic=3254617.0
Telegram - https://t.me/rubiuschat
Published by - coineaglebt
Btalkprofile - https://bitcointalk.org/index.php?action=profile;u=1936073
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