The Application Rubius

About Rubius

Rubius is both the name of our company and our cryptocurrency coin. The Rubius coins are a cryptocurrency operating on the Ethereum blockchain platform. They are designed to operate as a currency similar to bitcoin and ether. Our company, Rubius Inc., is a blockchain software startup located in Tampa, Florida, USA. We are focused on developing cryptocurrency products, services, and solutions to help advance the blockchain industry and spur economic development.

Rubius’ next link in the chain offrs users a secure tool to send and receive cryptocurrency. The versatile Aryl wallet serves as both decentralized bank and exchange facilitator. The wallet’s user-friendliness allows for confusion free payments between users, and Aryl’s Volatility Shield protects wallet value by converting unstable cryptos into a preferred, steady currency. The Shield’s streamlined conversions allow users to quickly liquidate their holdings from an exchange without excessive fees or long queues typical of other “cashing-out” methods.

RUBY tokens power this innovative ecosystem. Users who transact with the native Rubius currency receive 50% of fees across all platforms.

RUBIUS APPLICATIONS

Aryl

Aryl is an open-source Ethereum wallet and payment platform. Aryl will be very similar to PayPal’s Venmo app, although it will have the added benefi of cryptocurrency storage and trading. Aryl will make cryptocurrency simpler to acquire and use, and it will protect people’s money from the risks of the unstable crypto-markets by using its Volatility Shield feature.

Aryl Features

Send, Receive, and Request

In the Aryl app, users have the ability to send, receive, or request payments in either fit currency, Ether, or Ethereum tokens, making it useful for transactions in traditional currency and cryptocurrency.

Connect with Friends

The home screen features all of the recent activity (i.e. the requests, payments, events, etc.) from a user’s friends. These friends will be voluntarily gathered from either a person’s contacts or from connecting a social media account (i.e. Facebook). In a later version of Aryl, we plan to provide users with a secure messenger, allowing them to chat with their friends directly in the app.

In-iMessage Usage

Users will be able to send and request payments directly from their iMessage conversations. This will allow for real-time payments whenever you owe a friend money or if your friend owes you money. If a user sends or requests a payment from a contact that doesn’t have an Aryl account, the contact will be prompted to sign-up for Aryl to complete the transaction. With Aryl, you never need to worry about sending payments to the wrong wallet address. That’s because the Aryl app has you select the recipient using the contact’s name, rather than their wallet address.

Wallet Functionality

Aryl provides users with many decentralized wallet features, such as creating new Ethereum wallets (the key pairs to these wallets are stored locally on your iOS device), viewing balances of Ether and Ethereum tokens, and changing wallet passwords.

Exchange Features

Aryl will allow users to trade their cryptocurrency directly in the app. To use the exchange features, we will require users to sign-up for Rubiex by providing additional KYC (know your customer) information to prevent money laundering and fraud. A web-based version of our exchange will be located at: www.rubiex.com.

Rubiex

Rubiex will be a web-based cryptocurrency exchange which will host hundreds of coins and tokens like bitcoin (BTC), Ethereum (ETH), Ripple (XRP), etc. The focus of Rubiex will be to facilitate trading through our high-quality user interface or our API functionality. Although Rubiex will begin as a crypto-exchange, we plan to later incorporate all types of tradable assets such as stocks, ETFs, mutual funds, fit currencies, etc.

Rubius Smart Escrow (RSE)

To promote the adoption of cryptocurrency, we plan to develop an escrow mechanism using

Ethereum smart contracts. With a normal escrow process, an asset is kept in the custody of

a third party and will only be released once a service has been filed or a product has been

delivered. For the Rubius Smart Escrow (RSE), this asset will be your cryptocurrency payment

and there will be no third party involved (unless one has been specifially requested before

deploying the contract). Instead, users will both agree upon a set of conditions before deploying

the contract and these conditions will defie where the assets will go in the case of a dispute.

The RSE will be incorporated into the Aryl payment platform in a later version so that users can

select and deploy contracts from inside the app.

Rubius Smart Loans (RSL)

The RSL will be very similar to the smart escrow application because they will utilize Ethereum smart contracts to conduct simple loan operations. The smart loans will be designed for small agreements between friends and the users will be able to deploy loan contracts directly from their Aryl app. Similar to the RSE process, the participants will agree upon a set of conditions before the contract is deployed. In the Aryl app, users will be able to select another friend to act as an arbitrator for the agreement to mediate in the case of a dispute.

Decentralized Social Media

We plan to explore the potential of using the blockchain as a host for a decentralized social media platform. This may include expanding Aryl’s social media features to include more detailed user profies and a secure messenger feature. Or, this may include developing our own novel social media platform. At Rubius, we envision a world where your data is owned by you and can only be sold or distributed with your permission. After implementing our fiancial software, we will experiment with diffrent ideas to try and bring our vision to life.

Security

For all of our applications, security will be our highest priority. Our products will already have a security advantage over traditional fiancial solutions because the traditional service providers operate using centralized ledgers, whereas we will be utilizing decentralized ledgers. Centralized storage means that your important data is stored in one (or a few) locations which leaves the sensitive data vulnerable to attackers. With decentralized storage, your data will be distributed amongst tens of thousands of computers, making it impossible to hack because the attackers.

Road Map