RYO CoinPrice

(RYO)

RYO Coin is positioned as a Web3 digital payment system aimed at enhancing online commerce and facilitating contactless payments. It integrates with existing financial infrastructures like ATMs and card processing systems, striving to be a "cryptocurrency for the masses" with a focus on simplicity and usability. Its ecosystem includes the LIFE Wallet, Global Mall, and a planned crypto ATM network. The project launched RYOPAY, a stablecoin for real-world use cases, initially in the grain trade, to streamline international transactions.

RYO Coin is part of a Web3 Digital Payment System built on a proprietary Layer-1 blockchain called RYO Platform. Initially an ERC-20 token on Ethereum, it plans to migrate to its dedicated blockchain. The RYO Currency, a distinct privacy-focused version launched in 2017, operates on its own blockchain using a GPU-only emission model and Cryptonight-GPU algorithm to maintain decentralization. The RYO Project provides a Vision Paper outlining its goals and initiatives.

RYO Coin is under development by Zenza Capital. Anthony Diaz is mentioned as the Founder & Chairman of the RYO Project, leading the initiative to bring the Web3 digital payment system to market. Further details on the team's track record would be available through official project channels.

RYO tokens define the project's tokenomics, structuring how they are utilized within the ecosystem, including their supply and distribution mechanisms. RYO tokens primarily serve for governance, where staking them confers voting power. This voting power allows participants to influence the yield mechanisms and other critical decisions within the network, integrating users directly into the project's evolution and economic model. The utility is centered around this governance and ecosystem participation.

RYO Coin aims for decentralization. The RYO Currency emphasizes privacy and decentralization, using Ring Confidential Transactions (RingCT) to conceal transaction details and is built to be resilient against centralization. While initial development stages involved centralized actions by Zenza Capital, the intent is for RYO to evolve into a truly decentralized utility payment token model. RYO Coin is KYC Bronze Verified and Geo Risk Tier 1-rated by CertiK, indicating a focus on trust, transparency, and security standards.

RYO aims for mass adoption by integrating with various financial technologies and targeting both Japan and global markets. Plans include further exchange listings and real-world payment integrations to expand global accessibility. The project emphasizes user-friendliness, security, and practical utility, especially for the "unbanked." Its focus on a broad ecosystem and proprietary blockchain positions it as a distinct offering in the competitive Web3 payment space, aiming for a scalable solution for widespread use.