Rate3 Progress Update #2 (1–15 May, 2018)

The month of May has seen some exciting progress and we’re proud to showcase some of the updates we have for 1–15 May 2018, from our outreach efforts to technical progress.

May 1–15, updates

1. Marketing & Community Updates

1.1 Hashed <> Signum Capital <> XSQ meetup

Rate3 was one of the ten blockchain companies specially invited for this meetup, held at PayPal Innovaton Lab.

Jake presented on Rate3 and engaged in an exciting Q&A session with the public after the presentation.

This is the entire video of his presentation: https://www.youtube.com/watch?v=ZNTp66JWQWc&t=18s

1.2 Believe in Blockchain — World Blockchain Incubation Center Grand Opening Ceremony (Singapore)

We are also invited to participate in the Grand Opening Ceremony for World Blockchain Incubation Centre, the world’s largest blockchain incubator centre.

Jake represented Rate3, and we had an insightful discussion with Huobi, Node Capital, BitTemple, Bplus and other top-tier players in the space!

1.3 Commercial Payments International: Asia Pacific 2018 (17 May, Singapore) — UPCOMING

Rate3 is also invited to represent the new-age blockchain payments company to interact with traditional financial institutions in the world’s largest commercial payments event: Commercial Payments Inernational.

Jake will be speaking on the topic:

Beyond Bitcoin Prices and ICOs: Financial Services Blockchain Applications
With the world caught up in the volatility of the price of bitcoin, it’s easy to lose sight of its underlying technology, and specifically efforts to harness the distributed ledger to advance financial services innovation. Hear about initial applications, and its practical implications for payments, (ie cross-border remittances).

If you are attending the event, you can browse the agenda here: https://www.commercialpaymentsinternational.com/sites/default/files/conference-brochures/1035-CPI-AP-2018-web.pdf

1.4 Blockchain & Bitcoin Conference Australia (29 May 2018, Sydney)

As part of our global outreach strategy, we will be heading to Sydney, Australia to share more about ICOs and Rate3 in Blockchain & Bitcoin Conference Australia.

Rate3 will be sharing on:

ICO: Opportunity or Threat? An introduction to Payment and Credit-Scoring with blockchain.

You can read more here: https://australia.bc.events/

1.5 Published a new video — “Introduction to Rate3 Dual Protocol”

The community has voiced out that videos are a good engagement channel and here, we feature Dewi (everyone’s favorite Rate3 Ambassador) in an introductory video about Rate3.

You can view the video here: https://www.youtube.com/watch?v=XjIo3kmPwzQ

1.6 Published an article to educate the public — “Decoding Token Economics for Aspiring Investors”

Part of Rate3’s greater mission is to educate the wider public about protocols, token economics, blockchain applications and cryptocurrencies.

We published a token economics 101 piece on e27, an APAC-focused news site. Within this article, we talked about the role of the token in aligning the incentives of all participants, and how a token helps to kickstart adoption.

Source: https://e27.co/decoding-token-economics-aspiring-investors-20180430/

1.7 Concluded our Proof-of-Care campaign (26.03.18–30.04.18)

Proof-of-Care is a month-long campaign we run to reward supporters for helping us share the love about Rate3. Supporters can show us they care in any ways: retweeting, posting Medium reviews, creating YouTube videos.

We have concluded and are proud to announced that we have received >300 submissions from all around the world! ❤

You can view a snapshots of our submissions here:

If you’re interested to read more, the link is here: https://medium.com/official-rate3/proof-of-care-has-ended-d5eb22258081?source=collection_home---4------2----------------

1.68 Local community engagement & outreach (Vietnam)

One of our key goals is to increase local community engagement and communication, where we encourage local grassroots effort about Rate3 Network.

Apart from our main English and Mandarin Telegram channel, we have also created an official Vietnam Telegram community, as part of our community outreach efforts!

Join the Vietnam telegram channel here: https://t.me/OfficialRate3VN

Join the Mandarin telegram channel here: https://t.me/OfficialRate3CN

Join the English telegram channel here: https://t.me/OfficialRate3

If you would like to propose more local groups, please email official@rate3.network.

2. Technical Updates

2.1 Published Github live:

What is published:

You can find the public code for our token public sale, KYC-AML client side code, some open UI snippets for RateX and audit reports.


We will publish the code for our token swap, bounty program, vault locking mechanism and payment protocols soon. We are on track according to our roadmap.

2.2 Technical architecture (Part 1): Stellar

Rate3 Dual protocols are built on Stellar for payment transctions, Ethereum for credit scoring and IPFS for file storage.

Davis, Rate3’s co-CTO published a piece on the overview of Rate3’s Technical Architecture, with Part 1 focusing on Stellar.

In Part 1 (Stellar), he outlined what a global payment system requires, introduces Stellar and how Stellar is most ideal for payment transactions.

Overview of Rate3 Technical Architecture
Comparison of various consensus algorithms

Read the full post: https://medium.com/official-rate3/rate3-technical-architecure-part-1-using-stellar-to-power-transactions-959e20575ebd

2.3 Explanation of current testnet and how it fits in with RateX

Our Testnet prototype is live and running! If you have not tried it yet, please do at: https://rate3.network/testnet

However, many of you have remarked that you do not know how Rate3 and our existing RateX fit in.

We wrote a detailed step-by-step guide to our Testnet and RateX:

Intro to Rate3 Testnet. Source: Rate3
Pay and Receive in various currencies. Source: Rate3 and Stellar

Here’s how you access the full post: https://medium.com/official-rate3/rate3-prototype-testnet-live-a-step-by-step-explanation-11eb511f43fe

2.3 SNEAK PEAK: Upcoming bounty program

We want to encourage more supporters to help spread the word about Rate3, but doing it in a scalable fashion that reward them as well.

Here’s a little sneak peak at our upcoming bounty program:

User dashboard. Source: Rate3
Daily Assignments Source: Rate3

We want to encourage more supporters to help spread the word about Rate3, but doing it in a scalable fashion that reward them as well.

Participants can complete daily assignments on Reddit, Telegram and Twitter whilst receiving RTE tokens for assignment.

2.4 Token Swap

Cross-chain: Ethereum x Stellar

Our proof-of-concept is also completed.

RTE tokens have a cross-chain structure. They exist BOTH as a ERC-20 and XLM-token, though not together at the same time.

You can read more here: https://medium.com/official-rate3/atomic-swap-rate3-rte-runs-on-both-ethereum-stellar-1e16fcebe7c4

We will be publishing the details and Github code really shortly.

3. Advisor Updates:

As we prepare to close our token sale and list on various exchanges, it’s important to seek advice from our advisors. Here, Jake had an insightful discussion and meet up with one of Rate3’s advsors: David Su (Managing Partner, Matrix Partners China).

Matrix Partners China is a top-tier venture firm with incredible portfolio companies and past successes, including Focus Media, Eachnet and Baidu among others.

Rate3 is always honored to receive the advice and help of all our advisors.

You can read more about Matrix Partners China here: https://matrixpartners.hk/index.php/en/

4. Sale Updates

Our pre-sale is 70% done and entire token sale is almost 92% completed!

Remember, the end of this pre-sale marks the end of the entire token sale!

Total progress of token sale

Our KYC/whitelist is still ongoing, so you can sign up here: https://kyc.rate3.network

This concludes the updates for 1–15 May, 2018. Stay tuned to more updates next time!

About Rate3

Rate3 is a decentralised dual protocol for cross-chain asset tokenization and identity management. The Rate3 Tokenization Protocol is an end-to-end protocol for tokenization on both Ethereum and Stellar, while the Rate3 Identity Protocol is a protocol to create and manage a unified cross-chain identity.

Website: https://rate3.network
Twitter: https://twitter.com/officialrate3
Telegram: https://t.me/officialrate3