South Asia & Blockchain

Until now India and South Asia have been off the map for blockchain. We feel that it is time to create one blockchain based decentralized currency for India and South Asia, and there can't be a better name than RUPEE itself, which has almost two millennia of rich history in trade and commerce.

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History

The history of fiat rupee started in ancient India in 3rd century BC. Ancient India was one of the earliest issuers of coins in the world. The rupee continued its journey as a fiat currency through Mughal rule and into modern times.

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Present

Rupee is widely known around the world as a fiat currency primarily used in South Asia. Rupee is the common name of paper (fiat) currencies in India, Pakistan, Indonesia, the Maldives, Mauritius, Nepal, the Seychelles and Sri Lanka.

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Technical Details

Algorithm: POS

Confirmations:10 Blocks

Maturity: 24 hours for staking

Circulating Supply: 24 Million

Block Reward:50 RUP

Block Target:5 Minutes

108all

RPC Port:8517

108all

P2P Port:8518

Code:Github

Rupee Roadmap

2018

July.

Swap

July

Exchanges

August

Mobile App

September.

White Paper V2

Nov.

Machine Wallets

Dec.

Marketing Campaign

2018

Ongoing

Exchange Listings

Q1

Android & iOS Wallets

Q1 / Q2

Payment Gateway & PoS Application

Starting Q2

Merchant Onboarding & Partnerships

Starting Q2

Multiple Languages

Starting Q2

RUPEEBASE.COM

Rupee Team

Adam Syed

Founder (India)

Raj Reddy

Strategy Manager (USA)

MS Srinivas

Business Relations Officer (India)

Faraz Chaudry

Technology Officer (USA)

Mohd. Omar

Operations Strategy & Community Manager (USA)

Benny Lobitiba

Developer & Digital Marketing Manager (Israel)

Pat Isaiev

UI / UX Lead & Web Development Manager (Central Europe)

Amar Saini

Rupee Adoption & Merchants Liaison Manager (USA)

Will Alexander

Marketing Advisor (USA)

Rupee team members are early investors in Rupee and work strictly as volunteers for the decentralized Rupee project.

Exchanges & Wallets for RUPEE 2.0

FAQ

Overview

  • What is Rupee?

    Rupee is a cryptocurrency that was started in November 2016. Rupee is based on the source code of Litecoin. Please refer to the Whitepaper for further details.

  • What is Rupee’s mission?

    Rupee’s mission is to be the go-to cryptocurrency for the people of South Asia. Rupee aims to facilitate money remittances for the people of South Asia across the world without hefty fees and delays. Rupee will also enable merchants to accept a fast cryptocurrency for goods and services with much lower fees than traditional payment facilitators (Visa, Mastercard etc.). Rupee will enable the people of South Asia to cut out traditional middleman such as banks.

  • Why create Rupee? Why can’t I just use Bitcoin, Litecoin etc.?

    Rupee as a brand is recognized by almost 2 billion people in South Asia. Rupee’s focus is the South Asian region with products and services geared towards servicing people from the region specifically. For example, a merchant is free to accept BTC, LTC or any other currency, but we think local merchants would want to go for a coin with name recognition, level of comfort and focus on the region.

  • What is the difference between Rupee, Rupaya, & Digital Rupee coins?

    Rupee ($RUP) has NO relation with Rupaya or Digital Rupee coins. Rupee is a separate blockchain project, and has its own team.

  • What is the total and current supply of Rupee?

    Rupee’s total supply is capped at 84 million. Current circulating supply is 21 million coins.

  • What is PoW and PoS? Is Rupee Coin PoW or PoS?

    Proof of Work (PoW) and Proof of Stake (PoS) algorithms are different methods of achieving consensus on which block will be added next to the blockchain. PoW requires proof that some kind of work occurred, e.g. Bitcoin miners use computing power and energy before any blocks are accepted. PoS requires users that have a high stake in the currency to hold a lot of coins to determine the next block. Rupee utilizes a PoS algorithm.

  • Does Rupee Cryptocurrency have any relation with fiat Rupee currencies (INR, PKR, etc.)?

    No, Rupee is not related in any way to the fiat Rupee currencies of South Asian countries. Rupee is a decentralized cryptocurrency and happens to be the namesake of these centralized fiat currencies.

Rupeebase.com

  • What is rupeebase.com and what is its relation to Rupee coin?

    Rupeebase.com will be an exchange and Rupee powered eCommerce portal where people will buy and sell products/services using Rupee coin. Rupeebase.com will be a separate legal entity. It will offer Rupee pairs with fiat currencies and Rupee will be used as the primary medium of trade on the eCommerce portal. Please refer to the Whitepaper for further details.

  • When is Rupeebase.com expected to go live?

    The Rupee team will start working on Rupeebase.com from Q2 2018 with the hope of launching the platform in 2019. The Exact timeline of Rupeebase.com will be communicated in 2018.

Economics

  • Where can I buy Rupee?

    Please see the Exchanges section for the names of exchanges offering trading pairs for Rupee.

  • How much was Rupee’s premine and what was it used for?

    Rupee’s premine was close to 21 million coins. The premined coins were sold on various exchanges at accessible prices to raise funds for development and exchange listings.

  • How is Rupee development funded?

    Rupee development is funded by the following means:


    i) Funds raised by selling some premined coins.

    ii) By paying for services in Rupee held by the founder and the core team.

    iii) By selling some Rupee coins held by the founder and team to raise funds for development.


    All of the development done so far, especially since the relaunch in September 2017, has been paid for by the founder and the core team.

  • How many coins does the Rupee team have?

    The sum of the holdings of the Rupee team is around 3.5 million coins.

Technical

  • How does Rupee compare with other similar cryptocurrencies (Bitcoin, Litecoin etc.)?

    Rupee is based upon the Litecoin/Bitcoin code. Rupee is technically at par with other established coins (i.e. BTC, LTC). Rupee is using the dark gravity wave algorithm to adjust the difficulty after every block to protect it from rogue miners, and keep the transaction time stable.

  • Where can I find the Rupee code repository?

  • Where is the Rupee block explorer?

  • Where can I download the Rupee Wallets?

    Please refer to the download links on the Rupee website.

Community

  • Does Rupee have a blog?

    Yes. The Rupee blog can be found here.

  • What social media communities exist for Rupee?

    Please refer to the Get in Touch section of this website.

Other

  • I have another question (not listed here), how can I get in touch?

    Please send out an email to contact@rupeeblockchain.org or catch one of the admins for our social media communities.