Realio to launch Algorand-powered Token Sale
Realio and Algorand recently announced a partnership with each other. In the process, it became the latest project to leverage Algorand’s blockchain protocol. Realio is an end-to-end digital asset issuance and peer-to-peer trading platform focused on real estate private equity.
Envisioned by Turin award winner Silvio Micali, Algorand is a first-of-its-kind open-source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. It aims to use ingenious cryptography and remove friction in financial exchange while providing privacy features.
How will the Realio-Algorand partnership work?
Realio is working on a layer 2 solution called the “Realio Issuance Network.” this network will help in compliantly issuing-on and interconnecting decentralized ecosystems across global jurisdictions. The RST token will power the entire ecosystem. Here are some features about RST that you need to keep in mind:
- RST aims to be the first-ever hybrid security/utility token.
- The tokens will offer ownership, profit share rights, staking, voting, and the opportunity to participate in network validation.
- RST will follow the Algorand Standard Asset (ASA) and is designed for interoperability with other supported blockchains and platform features such as RealioX.
- RST will be offered globally via the Reg D 506 (c) and Reg S exemptions.
Derek Boirun, the founder of Realio, said about the RST token sale:
“We are kicking off this token sale with incredible momentum, having pre-sold over 2 million RST while adding another world-class technology partner who shares the same vision for the future of a global, borderless financial ecosystem.”
W. Sean Ford, the COO of Algorand, said about the Realio partnership:
“Algorand’s protocol was designed for decentralized financial applications and networks of the future like Realio, and we are pleased to support the long term value their initiative will provide. Combining Algorand’s simplified asset creation, instant economic exchange, and immediate transaction finality with Realio’s groundbreaking token issuance network is a significant step forward in defi compliance and innovation.”