Food is an essential need for a person. It's a single need but the variety of choices is almost limitless. Moreover, eating out has been the new trend today because of the variety of healthy food choices at reasonable prices. You can eat out and feel at home plus there's no hassle. But one thing that bothers people is using their cards in paying. Sure they can bring cash but what if they forgot, what if it's not enough, what if they're new to this place and doesn't have the currency to pay for it? The use of a card is hassle-free and you don't need to worry about going out cashless but there have been issues with using it, mainly fraud.
XRT Project team aims to enhance the transactions of customers with the food industry by developing an app. The app is not just any other app, it is based on the blockchain technology more specifically the Ethereum Blockchain. With this blockchain comes the Ethereum Smart Contract where the XRT Coins or the tokens for the platform are designed. With the smart contract, the applications can run seamlessly in accordance with how it was programmed as well as in accordance with the agreement between the parties involved. This decentralized platform avoids the security issues that people are afraid of when paying. This secured information in transactions is protected from third parties but users have sufficient transparency benefit to keep them informed and to make sure there's no anomaly going on.
With the XRT team working on its platform based on the blockchain technology, one important thing to note is the token to be used. XRT Coins is the token developed for the XRT platform. XRT coins are created using the Ethereum Smart Contract as the Hashing Algorithm that made it possible to have a fast and secure transaction, two of the most important feature people are looking for in paying. Because the coin is created with Ethereum system, XRT is double spending proof.
With the XRT Coins that will serve as the main currency for payment, an XRT mobile app that will be released for both Android and iOS is the perfect pair for efficient payment. Some of the advantages of using the XRT mobile app as a payment method is: (1) Its use of Ethereum Blockchain (secured network), (2) It follows the ERC-20 protocol (low fee advantage), (3) Cryptology acts as the third party intermediaries which secure transactions are working perfectly and in accordance to what the parties involved have agreed upon and all the terms or agreements for the desired transaction are met, (4) User information is protected, and (5) there is sufficient supply.
The XRT Wallet allows its users to manage their wallet, access, and view transaction information, as well as check and update their information. With the e-wallet, it gives users the privilege to trade globally and on a social level, stay connected with their friends. The use of XRT wallet is advantageous enough yet XRT still offers rewards and bonuses for the users such as cash back. The convenience of using XRT wallet may lead users to use it frequently, and patronizing the use of it is not taken for granted.
The XRT Coin is the virtual money for XRT mobile app users. The token sale details for XRT Coin are as follows:
Token: XRT
Hard cap: 40,000 ETH
Soft cap: 4,000 ETH
Total Supply: 500M XRT
-Phase 1
Price: 1 XRT = 0.000125 ETH
Period: July 11, 2018, to July 26, 2018
-Phase 2
Price: 1 XRT = 0.000167 ETH
Period: August 1, 2018, to August 15, 2018
-Phase 3
Price: 1 XRT = 0.000250 ETH
Period: August 16, 2018, to August 30, 2018
To know more about the technical details and aspects of the project plus their latest updates, visit their official social media pages and website:
Bitcointalk Announcement Thread: https://bitcointalk.org/index.php?topic=4496581
Website: https://www.xrtfoundation.org/
Whitepaper: https://www.xrtfoundation.org/public/docs/whitepaper.pdf
Telegram: https://t.me/joinchat/GEN9Dg_sdouCzz9LqV9UAg
Facebook: https://www.facebook.com/xrtfoundation2018
Twitter: https://twitter.com/XrtFoundation
Bitcointalk Username: mithungee1 https://bitcointalk.org/index.php?action=profile;u=2165161;sa=summary
