What is INRToken?
Launched in 2020, INRT is a blockchain-enabled platform designed to facilitate the use of fiat currencies digitally. INRToken works to disrupt the conventional financial system via a more modern approach to money. INRToken has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), INRToken has democratised cross-border transactions across the blockchain.
What real-world currencies does INRToken support?
INRToken initially supports INR (INDIA), USD( US Dollars) and EUR(Euros).
How does INRToken protect me from cryptocurrency volatility?
Because they are anchored or ‘INRTokened’ to real-world currencies on a 1-to-1 basis and backed by our reserves.
INRTokens are new assets that move across the blockchain just as easily as other digital currencies. INRToken currencies are not money but are digital tokens formatted to work on blockchains. INRTokens hold their value at 1:1 to the underlying assets.
Where can I use INRToken?
We want to make INRToken usable everywhere where you can use digital currency and in many places where digital currencies is not currently accepted.
Do I have to go through the KYC process?
Going through our know your customer (KYC) form and approval process is required to issue and redeem INRT.
How does INRToken work?
INRTokens exist as digital tokens built on Tron blockchains. These transport protocols consist of open source software that interface with blockchains to allow for the issuance and redemption of cryptocurrency tokens, in our case, “INRTokens.” INRToken Platform currencies are 100% backed by INR Reserves. INRTokens are redeemable and exchangeable according to the standard terms of service. The conversion rate is 1 INRToken equals 1 INR.
The INRToken Platform is fully reserved when the sum of all INRTokens in circulation is less than or equal to the value of our reserves
Who can use INRToken?
INRToken enables businesses – including exchanges, wallets, payment processors, financial Etc. – to easily use fiat currencies on blockchains. Some of the largest businesses in the digital currency ecosystem have integrated INRToken.
Individuals can also use INRToken-enabled platforms to transact with INRTokens.
How do I know my INRToken is secure?
INRToken is built on top of the revolutionary and cryptographically secure open blockchain technologies.
All INRTokens are pegged at 1-to-1 with matching fiat currency (e.g., 1 INRToken = 1 INR) and are backed 100% by INRToken’s reserves. As a fully transparent company, INRTokens can be securely stored, sent and received across the blockchain and are redeemable for cash (the underlying pegged asset) according to standard terms of service.
Is INRToken transparent?
Yes. INRToken’s platform is built to be transparent at all times. All INRTokens are backed 100% by INRToken’s reserves.