Why Rya?

Bitcoin has a fixed supply of 21 million coins which causes its price to go up in the long run, just like gold (HODL). This makes it an extraordinary store of value, and a less than ideal medium of exchange. But we also want to be able to use a decentralized currency for our everyday needs: buying a cup of coffee, taking a micro loan or paying for our internet bill.

Fiats monopolistic money market will obviously never be decentralized, and regulators can’t make perfect decisions all the time. They try hard (in some countries...) to make fiat a useful medium of exchange, but in the long run fiat currency tends to lose its value.

We are creating Rya to be both a stable medium of exchange and a fair store of value. The money market for Rya has a normal demand and supply curve and the rate at which money is created is dynamically adjusted to fit economic conditions. This way, we are neither limited by fixed supply nor require regulation.

Rya uses new software and has its own blockchain and wallets for pc/mac/mobile. Nxt’s source code and Proof of Stake model had a big influence on Rya (especially the underlying blockchain tech). We will have a small premine which will consist of a percentage for the founding team / future dev efforts. It will also include a series of airdrops - initially to Nxt owners and later on in a tbd format.

As promised, we are airdropping 0.4 RYA for each Nxt token - a total of 40% of the initial Rya supply. We will also be airdropping 0.04 Trust for each Nxt. Remember, Trust is an internal token in the Rya platform with a purpose in the minting process and it cannot be traded or transacted with.