Rubycoin (RBY) is a decentralized platform for ownership management. The platform enables the secure and efficient creation, ownership, and transfer of meaningful digital assets, providing a transformational digital foundation from the bottom up. The Rubycoin platform aims to provide a common podium for users to initiate digital asset transactions with full control. With the help of the native token RBY, the platform aims to handle several activities like connecting physical products with digital tokens to transfer the ownership of the products in an easy and efficient manner. Rubycoin is a platform where every user can handle their assets and become their own bank by using digital transferability.
The whitepaper stated the current cryptocurrency market faced issues in the maintenance of sovereignty of a digital asset. Therefore, Rubycoin was evolved in the market. The platform claims to provide each user with the right to be their bank to resolve the individual identity issue, thus ensuring the individualsovereignty as well as sovereignty for the nation. Furthermore, Rubycoin uses ADOT (Alterdot), an application protocol that allows the blockchain to share and access data showing interoperability. In this ADOT system, the users are allotted rooms to store, exchange, market, have board governance, and testing room, etc.
Rubycoin also allows industries to create digital assets like tickets, licenses, certificates, and transact the ownership of those assets to some other entity. However, these have been accomplished in many ways, like modern computerized land registries and cryptography.
The RBY token claims to provide the following features to its platform users:
RBY token acts as a service cryptocurrency on the Rubycoin platform. The RBY token holds the BEP20 standards, which means the token is Binance Smart Chain. RBY provides custodial services for opening an account, real-time reporting, safekeeping, recovery, collection, and delivery using blockchain technology. RBY ensures information security for access to the vault and managing credentials. RBY provides a secure payment gateway for transacting with major credit cards and payment companies. Additionally, the token RBY provides participation and access rights to the token holders on the platform.
