RIZON Stable Coin (RCHF) Issuance Announcement
RIZON is a digital currency and asset hub. To secure a new ecosystem and put our vision into practice, RIZON proposes issuing stablecoins!
Stablecoins, unlike other virtual assets, is pegged with fiat currency and do not change in value, and are divided into fiat currency collateralized, cryptocurrency collateralized, and unsecured algorithmic types according to the method of maintaining the value.
In the past, Luna’s “UST depegging” incident occurred with the price drop of the collateral coin because the value of 1 dollar was guaranteed by the issued LUNA coin as collateral, not a system in which the value was guaranteed by using legal currency as collateral.
RIZON-based stablecoins are fiat currency-collateralized stablecoins issued under the name of RCHF (Franc). Assets hold reserves at Bank in Switzerland, and it is issued in proportion to the reserves. Stablecoins can be used primarily for payments, as well as for interests and mortgage loans. The RIZON team will make efforts to promote entry into a new ecosystem, influx of participants, and diversification of business, starting with the issuance of stable coins.
Issuance of stablecoins
Stablecoins are issued at the time the validators’ vote on the proposal to issue stablecoins on the RIZON mainnet (a.k.a Titan) 0.4.1 passes. Proposals are currently underway through governance.
RIZON Blockchain is a digital currency and asset hub that provides a platform for fiat currency around the world so they can be securely issued and enable businesses to interoperate. RIZON Blockchain will enable interoperability between sovereign blockchain networks and allow these networks to utilize a vast pool of liquidity, seeing that it serves the business needs of individual projects. RIZON Blockchain has a strong network-based background and can boost the inflow of participants into the ecosystem and help with diversifying the businesses.
This is not meant to serve as financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the lossof all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.
By reading this on your behalf or in the capacity as a duly authorized representative of an entity (in either capacity, as applicable, “you”), you hereby represent, warrant and covenant, in each case, as applicable, to, and for the benefit of, HDAC Technology AG (“HDAC”) (each, a “Certification” and, collectively, the “Certifications”) that:
You are not a citizen, resident nor tax resident of the United States of America (hereinafter referred to as the “U.S.”) nor otherwise constitute as a “U.S. person” (as defined in Rule 902 of Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”)), and you are not otherwise present or located in the U.S. on and as of the date hereof;
Hdac technology Website | https://www.hdactech.com
Rizon Website | https://rizon.world/
Medium(Global) | https://medium.com/hdac
Medium(Korean) | https://medium.com/hdackorea
Facebook | https://www.facebook.com/hdacrizon
Twitter | https://twitter.com/hdac_rizon
Youtube | https://www.youtube.com/channel/UCGQXVXTs7RllAirD3YjjZIQ
Global(Eco-system) | https://discord.gg/DvZFA7mpuX
Global(Newsroom) | https://t.me/rizon_atolo_news_en
Global(Community) | https://t.me/rizon_atolo_en
Chinese(公告) | https://t.me/rizon_atolo_news_cn
Chinese(网络) | https://t.me/rizonatolo_cn
Korean(공지) | https://t.me/rizon_atolo_news_kr
Korean(소통) | https://t.me/rizon_atolo_kr