Go home fiat, you are drunk

ARYZE is one of the first ICO’s in Denmark. The goal is to tokenize fiat currency (starting with the danish Kroner) and significantly decrease fees in the current financial system. Today a simple payment has to travel through a chain of intermediaries before the money arrives at its destination. Each pit stop in the chain takes a small fee. At some parts in the chain, money might stop moving for two days, namely the weekends. The result is a expensive, slow and inefficient payment system.

The above figure pictures a very simple scenario. Consider what an international payment looks like. They are expensive for a reason!

Benefits for government, business and consumer

In Denmark 77–95% of all transactions are already digital, so it is a great place to integrate blockchain technology. Consumers are used to paying digitally. Actually, with the solution proposed by ARYZE, consumers won’t know the difference! They‘ll believe that they pay with fiat, but really they are just moving IOU’s in the form of tokens on a blockchain. This all happens seamlessly in the background.

At first only businesses and governments will reap the benefits since consumers think they already pay zero fees in their daily interaction with money. But in fact they finance the above indirectly by the elevated prices of goods and services as well as hidden fees. In time costs of living will drop, paychecks stay the same or even increase and then consumers will feel the difference.
Government ensured stable coins

ARYZE will introduce a series of so-called stable coins. The first one is the e-Kroner which serves as an IOU for a danish krone. Stable coins will be backed (mostly) by short-term government-insured bonds and bills, eliminating the counterparty risk that Tether is vulnerable to. If the bank Tether works with defaults, USDT will lose their backing. Regular banks can go bankrupt, central banks can’t. So even if one of ARYZE’s bank partners defaults, most of the stable coin supply will be protected. In short, stable coins will be insured by governments but not issued by them.
Mamma Mia!

ARYZE’s application will allow individuals to send, receive, and store cryptocurrencies as well as fiat values like eKR, eEUR, and eUSD to any ARYZE user for free. Whenever a fiat value gets deposited to the app, ARYZE will create a linked virtual IOU token corresponding to the stored amount and deposit the amount to the user’s account.

The sexy part of their app is its modularity, hence its codename M.A.M.A (Multi Asset Modular App). Users will be able to completely customize the app to fit their needs. The modularity comes in the form of trusted plugins, created by ARYZE partners, businesses and financial institutions. If you shop a lot at H&M, you might wanna download their plugin which allows you to earn, store and consume your H&M loyalty points directly on the app. Have a few H&M loyalty points too much and in desperate need of a cup of coffee? Simply exchange your loyalty points at H&M for loyalty points at Starbucks!

RYZE tokens

Having read this far, is your first thought that ARYZE plans to do the above by virtualizing fiat currencies as tokens, allowing seamless exchange between fiat and cryptocurrencies on the ARYZE exchange and thereby enabling payments in multiple different formats in a modular payment ecosystem?

Then you are a genius, because that is precisely how it is supposed to work. A person will be able to send $500 to another person who chooses to receive BTC. This person can then complete a payment from his BTC holdings where a shop can choose to receive EURO. There are of course many details to this, which however are far beyond the scope of this article. Read the whitepaper (details down below) for this info.

Fees on the exchange will be paid with RYZE tokens. 50% of gross profits will go towards buying back RYZE tokens and burning them, decreasing the supply.

Revenues are generated from Foreign Exchange transactions, exchange fees, business accounts and tools, as well as the interest differential between the stable coins issued and the interest on government bills and bonds.

All in all this results in a significant amount of tokens being burned over time and ARYZE estimates that three years from now, more than DKK 200 million worth or Ryze will be burned, which is more than the corresponding total value of the ICO tokens issued. Consequently, demand for RYZE tokens will remain high while supply is decreasing. We all know how supply and demand affect prices, right?

This all sounds good and dandy, but boy are there many legal considerations for all this to succeed, you might think — and you are definitely right. I had the chance to visit the headquarter of ARYZE , where I was told that they’re in close dialogue with various departments of the Danish government, ranging from the ministry of business to the Danish Financial Supervisory Authority. ARYZE aims to become widely adopted by complying with rules and regulations, and they know exactly how to.

RYZE token sale

ARYZE aims to sell 10,000,000 DKK ($1.65 million / €1.35 million) worth of RYZE tokens in the Private Token Sale. The hard cap is 11,000,000 DKK and the low cap 9,000,000 DKK. The tokens will be allocated to individuals after completion of the private token sale.

See the details below for token price, bonus tokens and caps.

The ICO is scheduled 6 months after the current private pre-sale.

Whitelist for the pre-sale here: http://ryze.aryze.io/

Leaving you to it

This article does not serve as an analysis of ARYZE as an investment, neither should anything mentioned be considered financial advice. My goal was to give the world an introduction to the project as a whole.

Since the team behind ARYZE is committed to become as legit as possible and get all the right papers and permissions, their private sale is unorthodox in the blockchain space, and resembles an IPO more than an ICO in its execution, compliance and investor protection.

The white paper is therefore only distributed to at most 150 individuals, including myself. It is not meant to be a public document. If you are interested in more information, feel free to send me a message at ostop.developer@gmail.com.

#Join the ARYZE community on social media:

Website: http://aryze.io/

Facebook: https://www.facebook.com/ARYZEofficial/

Twitter: https://twitter.com/ARYZEofficial

Telegram: https://t.me/ARYZE

Aryze Announcements: https://t.me/ARYZENews

Discord community: https://discord.gg/eKhx5Xw

Instagram: https://www.instagram.com/aryzeofficial/