Rupiah Token(IDRT) on bitexbit

Description

IDRT is the firstcrypto-assetwhich priceis intended to mimic the value of Indonesian Rupiah. IDRT is issued by PT Rupiah Token Indonesia, an Indonesian-based startup. As an ERC-20 token built on Ethereum, IDRT inherits the speed, security, transparency, and other desirable characteristics of the Ethereum Blockchain. This combination of the Ethereum Blockchain andprice stability relative to Indonesian Rupiah resulted in a digital asset that provides consumers with a stable store of value. The main target customers of IDRT are Indonesian cryptocurrency traders who want to access global crypto exchanges. PT Rupiah Token might collaborate with third-party market makers or independent traders in cryptocurrency exchanges to help ensure IDRT price mimics Indonesian Rupiah. Branding and market education will also help in establishing market consensus among traders that the value of IDRT tracks Indonesian Rupiah. However, the ultimate price of Rupiah Token in each cryptocurrency exchanges will depend solely on market forces of supply and demand. Rupiah Token has no contractual obligationto performbuyback of IDRT fromitsholdersand does not represent the indebtedness to the IDRT holders.