RENCAP – The B2B and B2C Crypto Payment Solution

jigamola (5)in #ico • 7 years ago

RenCap is both a B2B and B2C Decentralized Payment Solution. RenCap is supported by a Network of Businesses ready to take on the currency as their B2B Payment Solution. Further down the years, within a 5 year plan, RenCap will also plan to implement into the B2C Payment Solution Market. With a RenCap Mobile App to monitor account balances, RenCap Debit Card and RenCap payment terminals in merchants around the world, RenCap may become the most convenient payment for consumers and the cheapest payment solution for merchants.

FEATURES OF RENCAP PLATFORM

B2B PAYMENT SOLUTION

Businesses supporting RenCap will be the first batch of businesses to take on RenCap as their B2B currency for financial settlements. Businesses will be transacting in RNP rather than their own local currency. RNP can be cashed out via the buyback scheme for local currency to settle monthly businesses expenditures. A more attractive contracts can also be offered to businesses that are willing to partner with the first batch of businesses on the condition that all B2B transactions are transacted using RNP.

B2C PAYMENT SOLUTION

In our new 5 year plan, we plan to have consumer holding RNP to be able to use the currency for their daily purchases as well. Offering local merchants a better processing fee compared to current rate, we encourage merchants to include our terminal in their cashier terminal(s). Consumer will be able to apply for a RenCap Debit Card and a mobile app to view RenCap account balance. This eliminate the need for currency changing when travelling and a much lower cost for transaction compared to current payment solution for Businesses.

BUYBACK SCHEME

RenCap will be buying back RNP tokens every quarter of the year to release local currency to merchants and consumers in exchange for their RNP. This will provide the foundation support for the token, as well as provide ease of financials for all RNP users for their monthly expenditure.

RENCAP (RNP) ROLE IN REAL LIFE

RenCap Token (RNP) is the currency we are slowly integrating into all of our real life profitable businesses. B2B Transactions and transactions among clients/customers will be using RNP in the future.

RNP is an important component of this transition into digital payment resulting in quicker and more flexible transactions.

RNP is created during the ICO Crowdfunding period and the funds from this ICO will be used wholly to expand the operations of the businesses owned by RenCap and to introduce RNP to more businesses and distributors of our products.

The supply of RNP is limited to the pre-mined tokens created during the ICO crowdfunding period. With the Expansion, RenCap will be able to offer better bulk and price contracts to our clientele and partners in each field.

With the condition that each contract’s financial transactions has to be in RenCap’s Token RNP instead of Regular local currency.

WHY RENCAP?

RenCap has ready support from a group of first batch businesses that are ready to take on RNP as their B2B Payment Solution.
RenCap will develop into the B2C Market in a 5 year plan.
With a higher Market Share and Control, we will be able to offer better contracts to our clientele and require them to use RenCap Token (RNP) to transact with us instead of Regular local currency.
RenCap buybacks RNP regularly to inject local currency back to merchants and consumers for the monthly expenditures if they are unable to sell RNP elsewhere.
With a broader base of merchants supporting RNP Payment solution because of the cheap processing fee, demand of RNP will be higher resulting in higher value of the token.
ICO Price is fixed at USD$1/RenCap (RNP). The first BuyBack Scheme will take place in the Q2 (April – June) 2019.
We have a tested and proven successful, working and profitable business model and we plan to do it on a larger scale, with the assistance of BlockChain.

RENCAP TOKEN

RNP is an important component of this transition into digital payment resulting in quicker and more flexible transactions.

With the condition that each contract’s financial transactions has to be in RenCap’s Token RNP instead of Regular local currency.

ICO AND TOKEN DETAILS

RNP Tokens will be offered for sale at an exchange rate of 1 RNP for USD$1.00 or SGD$1.50 or ETH 0.001 during the entire ICO period. The ICO period will last for 4 stages, with each stage lasting approximately 2-3 weeks each.

The sale’s stage 1 is scheduled to begin on April 16, 2018 at 00:00 Hours GMT +8 (Singapore Time) and Stage 4 will end on July 16, 2018 23:59 Hours GMT +8 (Singapore Time).

Total Public Sale would add up to an amount of 20,000,000 RNP spread among 4 Stages. Bonuses will account for 4,990,000 which is also spread among 4 Stages.

Stage 1 : 50% Bonus
Stage 2 : 30% Bonus
Stage 3 : 10% Bonus
Stage 4 : 3% Bonus

5,000,000 RNP will be given to the Core Team as a reward for the successful ICO.

20,010,000 RNP will be kept as reserve for future expansion plans and the safeguard the value of this Token.

Core Team’s Tokens will be frozen for 1 year (12months) and Reserve Tokens will be frozen for 2 year s (24months) starting from end of sale.

This is to ensure that no developer tokens could potentially enter circulation before RNP is stable.

Tokens purchased via ETH will immediately be allocated to the buyer’s given wallet address.

Tokens purchased via PayPal (USD and SGD) will be allocated to the buyer’s given wallet address within 1 working day.

RenCap Tokens RNP are created to be sold during the ICO period. The Core Team, Reserves and Public Sale gets created at the same time. In the event that the ICO is not entirely sold out and has RNP remaining, the remaining RNP will be transferred to the Reserves for future expansions or sale. RNP tokens could potentially not be burned.