Choosing to deploy RET on NEO.
Our team has had incredibly busy months working behind the scenes and putting all the right pieces in place before committing to this change.
Making the change to NEO will no doubt excite a lot of you and also upset some of you. However, we are working to make this transition as smooth as possible, so there’s minimal impact to anyone who has registered or participated in the Airdrop or Bounty moving forward.
We are very excited and believe that deploying RET as an NEP-5 token will create more awareness and word of mouth for Realista. NEO has one of the most loyal communities in crypto and we can’t wait to see more new members join and become a part of our project.
Building the world’s first global real estate platform is no small feat and hence why we decided to go back and redesign the token website so everyone can clearly see our outlined vision and the complexity of the project. The new website will be live soon and we are bringing in a lot of features and new use cases for RET on the blockchain that will no doubt impress the community!
Below, we explain in more detail why we made the decision to change and utilise NEO as the platform for our smart contract and ecosystem:
1. Transaction Speed:
NEO makes use of PoS (Proof of Stake) protocol which means that it can process transactions significantly faster than Ethereum. In theory, NEO can facilitate 10,000 tps (transactions per second), whilst Ethereum only 30tps. As of now, NEO is already achieving 1,000 tps which far surpasses Ethereum’s transaction speed of 15tps. This is a very important advantage that NEO offers compared to Ethereum, which we took into consideration for Realista. As our platform grows and more users join, we expect to see millions of monthly visitors to our website, and many of these visitors will be using RET as a means of accessing their real estate needs on Realista, hence, why it is crucial to partner with a network that can cope with a higher transaction volume.
2. NEO is theoretically quantum computer resistant, Ethereum is not:
The development of quantum computing means that some of the existing blockchains could be vulnerable. However, NEO has already theoretically designed their blockchain so in the future it can be quantum resistant.
3. NEO has one of the most loyal communities in Crypto:
The third and most important reason why we are moving to NEO is simply because this will enable us to reach out directly to more people who passionately follow NEO-based projects. We have always been transparent about the fact that we want to distribute RET to as many participants as possible and changing to NEO will help us build a more successful organic outreach and create more awareness for Realista.
The 10,000,000 RET reward for Airdrop and 10,000,000 RET reward for Bounty Campaign will be respected
Airdrop
The Airdrop Google form will be opened again, which will allow anyone who participated to change their previous submission and replace their Ethereum address with a NEO public wallet address. We will make an announcement on Medium and our other socials disclosing when it will open, this process will be simple and no new submissions will be accepted, so only participants that took part in the Airdrop will be able to go back and change their public wallet address from Ethereum to NEO.
Bounty Campaign
For the Bounty, all stakes earned will remain the same and Sylon, the Bounty Manager, will be making a post in the next few days asking everyone who’s particpated to share their NEO public wallet address.
NOTE: For those of you, who have never set up a NEO supported wallet before, we will be releasing a detailed guide next week that will take you through the process step by step.
If you have any questions, please message us on Telegram and the Realista team will be happy to help.
