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Liquidity

Recast1 Coin uses The Consensus Monetary Algorithm to maintain a persistent demand for Recast1 among users who require transactions. Because of the ongoing demand, liquidity rises.

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Commercial Use

Thanks to R1-Coin's Consensus Monetary Algorithm with an hourly variable reward structure, R1-Coin is perfect for users who need to make transfers every day. As a result, users who use R1-Coin in their transfers avoid paying transfer fees and earn incentives instead of paying fees.

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Consensus Monetary Algorithm

The algorithm provides different incentives in different time periods by measuring the user demand. In this way, it maintains current demand and supports growth in user demand.

10.000.000 R1 AirDrop

%12

This airdrop is carried out in partnership with Bittrex Global. Whoever uses our
Referral Code, will get 500R1 after the KYC.

Referral Code : KVP-ASY-MJT

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What is Consensus Monetary Algorithm

R1-Coin's Consensus Monetary Algorithm not only shields consumers against inflation, but it also consolidates the demand more precisely by offering different incentives every hour based on incoming transfer demand. As a result, Recast1 becomes extremely beneficial.

Will There Be Burning In Recast1?

The mainnet of Recast1-Coin does not collect fees for transactions, however it does charge fees for the smart contracts that operate on the network. These fees are accumulated in a pool and burned in accordance with the monthly demand and supply balance.

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Frequently Asked Questions

Q:What is R1 ?

Recast1 is a coin that only users can increase its inflation via transferring and the increase in the created supply is generated by the transferring user. All transferring users will earn R1 for each of their transfers, except in certain circumstances. If we view the basis of the world economy, we notice that the inflationary monetary base was created to meet the needs of that given period. For example, as the use of a local currency increases, its supply will also increase and people will meet their needs. The R1-Coin is based on this principle.

Q:Why Do We Earn Fees?

We believe that penalizing and taxing users by charging fees from transfers reduces the ease of use. As users earn fees via transfers, the demand will increase and it will turn both into a liquid and a more stable cryptocurrency with a balanced supply increase, thanks to our demand and transfer algorithm.

Q:How is R1 Different from Other Coins?

There is no burning in Doge and BTC. The networks such as ETH, BNB, or LUNA burn at certain times, but inflation of supply occurs each year. The problem is not the supply inflation, but it is to balance it with demand. Recast1 is the demand that creates supply. If R1 is not used, the supply will not increase and this is what sets R1 apart from other coins. The transfer rewarding algorithm is innovative, useful, and advantageous in terms of users getting paid instantly and not paying an accounting fee, unlike other crypto-currencies.

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