How Ruitai Coin, which ushered in a new era of digital currencies, was practiced

In January 2016, the first domestic collateralized digital asset voucher, Ruitei Coin, was launched on the Xingu trading platform. In the overall environment of the digital currency industry is low, Ruitechcoin a month's time to complete more than 26 million funds crowdfunding news received widespread attention from the outside world.

Since the launch of Rittal, the Xingu trading platform has maintained a daily transaction volume of more than one million, and the trend is rising. The technical team of Ruitei Coin has also disclosed all the source code and launched the wallet function recently, and users can also follow the detailed transaction records of Ruitei Coin through the blockchain query address. The continuous disclosure of all the information about Rittal has gradually increased users' confidence in investing in Rittal.

The combination of digital currency and the real economy

The official name of the main project given by Ruiteitei Coin is Xi'an Lianhu Beida Hospital Ruineng cell mitochondrial activation technology rehabilitation application, and the main project's assets are in the form of Ruitei Coin. Simply put, the project is the introduction of advanced medical equipment from Germany for the detection of cardiovascular and cerebrovascular diseases into the operation of Xi'an Lianhu Beida Hospital, and Ruiteitei Coin acts as a collateral for the role of assets.

The business model of Ruitai Coin is different from that of most currencies, as it combines with the real economy to generate a certain amount of profit every year from the physical presence of the medical equipment invested in the operation, which can improve the hospital's medical and health care conditions to serve the people's livelihood as a hospital, and the crowdfunding of Ruitai Coin involves the setting up of a dividend and recovery mechanism, so that the business model is not only for the users or practitioners of the digital currency, but also for a wider range of users and practitioners, as well as the users and practitioners of the digital currency. So the business model is not only for users or practitioners within the digital currency, it has a wider market and participants. The head of the Ritecoin market said that the number of investors outside the digital currency industry is currently much higher than the number of people within the industry. Based on the digital currency industry in an innovative environment, the model of Reitai Coin has successfully lowered the user's understanding and investment threshold.

Technical level landing

Despite the controversy, the application prospect of blockchain has been widely explored, and Ruitechcoin was born in this context. Based on the technology of blockchain, Ruitechcoin has set up a blockchain of information specifically for recording supervision information, asset dynamic information, corresponding project information up to the business information and financial information on the dynamic status of the collateralized asset packages, and the application of this technology is equivalent to Ruitechcoin's implementation of an automatic supervision system (for more details, please refer to the public version of the whitepaper on the official website of Ruitechcoin). Ruitechcoin is undoubtedly one of the first projects in China to put blockchain technology on the ground.

It is an experiment but also a beginning

No matter from the technical point of view or business model, Ruiteitei digital asset certificates can't be said to have been successful. Strictly speaking Ruitai coin may be just an experiment, a bold attempt. Ruiteitei operators said that 2016 is the first year of the formal implementation of the Ruitei coin project and brand building, the success of this innovative model, after which more "Ruitei coin" will be born, so that the digital currency services in the real economy, this starting point can not change.