Regulus is considered as being the first real currency. It is viewed as being anon, fast and belongs to people. It has also been designed as being the monetary foundation meant for the block-chain based future.
Abstract
In the large flora and fauna of crypto currencies, there still is not a single sufficient use of these as a form of currency as it can be defined by the frictionless dealings and the total fungibility that has been used here to define and elaborate a theoretical Real currency. These crypto currencies that have the no fee and near instant relations tend to lack the characteristics that are needed to attain the full fungibility that is required while all the privacy-focused crypto currencies that go on to give fungibility are somehow seen as being incomplete when it comes to their privacy settings and modes of functional ability or are seen as been deterred by the very pricey and slow transactions. Likewise, the fiat currencies are also considered as having some major shortcomings. This is because the electronic transactions appear to have some form of friction that is in the form of the fees that are being charged, the times that these transactions are carried out and the funds appear that they can be differentiated from each other thus making them not to be fully fungible.
Regulus has the ability to deal with these kinds of flaws. As a result, it has the capability to be the first and real true currency that will go ahead and surpass these crypto currencies and fiat. What the Regulus does is that it tends to incorporate the stealth addresses, the block lattice structures, ring signatures, the confidential ring transactions, and the private yet free transactions. With this, the Regulus is considered as being the most and user-friendly cash for the consumers to use while they are getting to solve the inefficiencies of the fiat physicality. It will also be in a position to deal instantly through these back-end structures that go on to underpin the contemporary monetary systems and will help in offering some form of assurance when it comes to the right of privacy that is required to offer protection to the customers who are in the economy based block chain. Regulus is as a result brought in existence similarly to what one considers a novel implementation that is meant for the crypto note. (https://cryptonote.org/whitepaper.pdf) and the Nano or Rai-blocks (https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf) and the protocols that are instrumental in the merging of two formidable technologies to come up with one far greater than these combined.
Event Genesis
The new crypto currencies that have been launched all face some noteworthy barriers towards the initial adaptation and this due to a couple of reasons. Some of these are the network activities, public attention, and the accessibility issue and this is in the form of the exchanges and wallets that appear to take months and sometimes even years towards the release date. This ends up leading to the decaying of the adoption and also gets to create a form of uncertainty in the community regarding the success of the currency. With this said the Genesis is viewed as being a comprehensive day one launch event of the network that has been designed to deal with and also address the major initial barriers to the Regulus success. This event will entail a trilogy of components. First the dedicated official wallets, exchange, and the node ecological unit launch.
Ecosystem Spurs and Node Staking
The Regulus is able to deal with and address the node hosting, price volatility issues, deflation and this is done with the well-designed use of the nodes rewards. Inflation is then brought in through the issuing of the new FNT as a form of reward to these nodes in regard to the activities and also to ensure that the network participants also have some form of individual incentives that are meant to render support in regard to the broader ecosystem and also the assigning of the most rewards to the ones who tend to offer more support. These long-term rewards of the nodes ought to be based on these contributions only that are to the network and they also have no form of association with the closing up of these currencies.
Distribution of the Tokens
The main drive that is behind the launch of the Regulus is the adoption from the first day. With this, these tokens will be disbursed for free. Furthermore, ninety-nine percent of the total supply is going to be dedicated to the public and entire issuance of the future will be always public. Regulus ought to be for the people and this is for the public good. After the coming online for the official exchange in collaboration with the Regulus network, the Genesis event will be utilized as the first distribution point that is meant for the Regulus Network Token distribution. The specifications are being worked on and they will be shared before the launch of the Regulus network.
