Rubius Overview Project

Problem

The fact remains that roughly 1.7 billion adults in the world remain unbanked. That’s 1.7 BILLION adults who don’t have access to any electronic financial services and are forced to operate in either a cash or barter system which promotes crime and corruption.

Although smartphone ownership is increasing at an exponential rate, not everyone will have access to the needed solutions due to the limited software and cross-border restrictions. The existing solutions utilize third-party service providers that increase costs and limit services based on trust. These service providers also restrict access to their products depending on where you live. Unfortunately, the people living in war-torn countries, who arguably need to protect their money the most, are the ones who are affected most.

The most unbanked region is the Middle East, where a staggering 86% of adults are unbanked

The world’s largest banks refuse to operate in the region because they cannot comply with the Islamic banking laws. The business model of the world’s major banks revolves around loaning money and charging interest, which violates Sharia law. And, in order to operate there or in any other location, the financial service providers have to fully vet and trust every single individual.

The traditional financial system’s dependency on trust is leaving millions unbanked and is limiting the economic development of the world. We all saw the failure of the big banks in 2008 when their fraudulent practices caused a domestic crisis in the U.S., which then propagated into a full-blown international crisis due to the interconnectedness of the banking sector with non-banking sectors. This linkage was due to the fact that eCommerce had grown into a multi- trillion-dollar industry and, at the time, there were no means of sending peer- to-peer payments on the internet. Thus, the actions of the big banks caused the Great Recession, the worst economic downturn since the Great Depression. One smart individual, referred to as Satoshi Nakamoto, saw the failures of the banks and the faults in the system and decided to make a change. Bitcoin didn’t emerge in 2009 out of coincidence. It was born out of necessity.

Cryptocurrency solves almost all of the problems necessary to bank the world. There is no trust involved, no interest or loans needed, and it enables peer-topeer payments. Well, if that’s the case, then why isn’t the entire world using cryptocurrency? Why aren’t those 1.7 billion adults accessing bank accounts and financial services? What is hindering mass adoption? The answer: the software is terrible. None of the wallets made for cryptocurrency are user-friendly or intuitive. None of them are designed for the consumer. Instead, they’re all designed in a hurry to produce a minimum viable product, which the ICO/project will never improve upon because they were only in it for the money.

The Solution: Rubius Software

Rubius software will be designed for the consumer and will be continually upgraded and improved indefinitely. This may include rebranding our products in specific regions to help promote mass adoption. Our goal is to provide the entire world with access to banking and financial services through our software products. All of our products will be open-source, free- to-use, and will have zero-trust involved. Our products will utilize decentralized applications and operate on existing blockchain platforms like Ethereum.

RUBIUS PROTOCOL

The Rubius protocol is a decentralized blockchain solution that focuses on the transfer and exchange of Rubius coins. This protocol is focused on serving an ecosystem of Rubius software which will provide the world with trustless, ubiquitous financial services.

Rubius Coins

Rubius coins or RUBYs are a decentralized cryptocurrency based on the ERC20 token standard. RUBY transactions are simple, safe, and low-cost.

RUBY coins are an autonomous digital currency supported by the Ethereum platform and all RUBY transactions will be processed by the Ethereum Virtual Machine (EVM). The EVM ensures transparency by verifying, recording, and publishing all transactional data.

Use Cases

RUBY coins will be used in the Aryl payment app and the Rubiex exchange. In Aryl, RUBYs will be one of the default cryptocurrencies to use for frictionless secure payments. On Rubiex, the Rubius coins will be used as one of the main trading pairs, and our preferred Rubiex members will permanently receive 50%-reduced fees when trading RUBY. In the future, we plan to develop more financial products (e.g., our own proprietary point-of-sale software) in which RUBYs will see even more use.

The real-life use cases of the Aryl payment app and Rubius coins are endless. One example: you’re out to eat with multiple friends and don’t want to go through the hassle of splitting the bill. In this case, one of you could pay the bill and the others could use the Aryl app to send them the money for the meal. Another example is if you work as a tutor or a typical cash-based business, because then you could have your clients or customers send you their payments using Aryl rather than holding on to large amounts of cash.

Coin Buyback and Burn Once

our company becomes profitable, we will begin a coin buyback and burn process where we will spend 20% of our quarterly profits on buying back RUBYs and burning/deleting them. We will continue this process until there is circulating supply of only 100,000,000 RUBY.

Rubius Ecosystem

The Rubius ecosystem consists of our smartphone app called Aryl, our web-based exchange called Rubiex, the Rubius coins, and will include all of other proposed products. The ecosystem intertwines smartphones, laptops, desktops, tablets, and all other computing devices into a platform for financial security.

Rubius Accounts

The Rubius accounts can be created within the Aryl app or on the Rubiex exchange. Your Rubius account will be usable for all of Rubius’s future products. This cross-platform functionality will enable you to utilize all of the software which we will offer, without having to waste time generating and remembering new login information.

Once our initial products have launched and we have begun generating revenue, we will begin researching the practicality of offering banking services (i.e., capital management, brokerage services, lending services, etc.). We will allocate a portion of profits to fintech research and development with the purpose of determining which banking services could be revolutionized using decentralized applications.

Transaction Speed & Cost

Compared to bitcoin, Rubius coins are capable of extremely fast and low-cost transactions. On average, the Rubius protocol enables transaction times over 40 times faster than bitcoin.

Rubius coins benefit from the speed and efficiency of the Ethereum platform. The average RUBY transactions take roughly 14 seconds to complete, whereas the average transaction time of bitcoin is roughly 10 minutes. During times of high volume, bitcoin transactions can take hours to complete, and some bitcoin users have reported waiting days for their transaction to finish.

The average cost of Rubius transactions is roughly 2% of the total cost to send bitcoins. With bitcoins, the average transaction fee is 55 USD, whereas Rubius coins have an average transaction fee of only 1 USD. This drastic difference makes the Rubius protocol far more scalable and sustainable than bitcoin, which is why Rubius is a much better candidate for the consumer market.

ICO IS OVER ! AND SOFTCAP REACHED!!!

Token Information

Token RUBY

Price 1 ETH = 7,000 RUBY

Bonus Available

Bounty Available

MVP/Prototype Available

Platform Ethereum

Accepting ETH

Minimum investment 0.05 ETH

Country USA

Whitelist/KYC KYC

ICO Details

We have dedicated 70% of all Rubius coins to our initial coin offering. Our Pre-ICO will begin on July 31st and last for two weeks. The main sale for our ICO will start at 2:00pm EST on August 21st, 2018. The ICO will consist of three phases, spanning across five weeks (or until all tokens have sold). After the end of each phase, the price will increase, so we recommend participants get their RUBYs early.