Despite the massive potential of cryptocurrencies, the world is yet to see widespread adoption due to a number of primary issues. The first is the volatility that many cryptocurrencies suffer from, often swinging wildly in value over very short time frames, whilst the second is the lack simple to use platforms that enables anybody, regardless of crypto-experience to get on board with the next generation of currency.
Rubius looks to resolve both of these concerns by producing a wallet that protects holders from rapid losses in value. This works by allowing users to automatically convert any cryptocurrency received to either fiat currency, or to the users stable coin of choice (e.g. USDT or TUSD). Rubius intends to make the user interface as simple to use as possible, allowing even those unaccustomed to cryptocurrency to join, providing an experience very similar to traditional payment platforms such as Paypal.
The Rubius wallet allows people to directly convert their cash back into cryptocurrency for outgoing payments, allowing them to interact with the cryptosphere with ease, without having to go through the hassle of worrying about exchange rates. Besides this, Rubius will also be producing a cryptocurrency exchange with market leading fees of just 0.1%, allowing Rubius users to trade cryptocurrency pairs directly from their wallet.
The Rubius Team
Rubius has a large team, consisting of 16 members, including 4 members heading up the development as part of the leadership team. Besides the core team, Rubius has 7 advisors on board assisting with growth, strategy and the development of the project.
Rubius' CEO is Joseph Rubin, an intrepid entrepreneur, and engineer with experience in the fintech and product development industries, Joseph is currently also acting as lead developer at Rubius. Besides this, Rubius includes Joseph Haydn on board as COO, a finance veteran with several years of experience in marketing and economics, previously working with clients including Barclays, JP Morgan, and Thompson Reuters.
In addition to the highly experienced executive team, Rubius includes a highly diverse, interdisciplinary team working behind the scenes, with experience in content creation, product development, token economics, and marketing, ensuring that the team has all bases covered when it comes to the development of a full-fledged blockchain solution.
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| Rubius already has several partners, including World Coin Network and daviann (source) |
Token Sale Event
Rubius is currently holding a token sale event to fund development of its wallet/exchange solution. The project has a soft cap of just 2,500 ETH and a hard cap of 19,500, and as of writing the soft cap has already been passed by some margin. The project is based on the Ethereum blockchain.
Currently, Rubius are offering a 25% bonus on all investments up until the 4th of September 2018, after which the bonus will reduce to 18%, before reducing to 10% two weeks later on 18th September 2018. Out of the total supply of 300M RUBY tokens, 70% (210M) will be up for sale during the ICO period, with the remainder being split between the bounty, team, advisors and project reserve.
Final Overview
The team, though very strong, appears to have little experience with blockchain technologies. However, with a diverse range of blockchain-based advisors on board, this shouldn't present much a problem to deliver on their promises. Unlike many projects, Rubius already has an MVP ready to use, demonstrating a level of advancement that is rarely seen in the ICO space. Having an MVP at such an early stage demonstrates competence and skill, and is a great indication that the team knows what they're doing, and how to achieve the goals they set out in their roadmap.
In our judgment, Rubius has a simple, but highly sought after solution to a well-known problem in the industry, and with the team, resources and marketing to see it through, we believe the project will be successful in the long term.
Links and Additional Resources:
Website: https://rubius.io/
Whitepaper: https://bitcointalk.org/index.php?topic=2851719
Announcement https://bitcointalk.org/index.php?topic=3254617.0
My Profile:
https://bitcointalk.org/index.php?action=profile;u=721115
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