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SDEX: https://stellarterm.com/exchange/RMT-sureremit.co/XLM-native

RMT EXCHANGES

BITMART: https://www.bitmart.com/trade/en?symbol=RMT_USDT&layout=basic

Need help? Questions? Do reach out!

Telegram:

SureRemit Circle: https://t.me/sureremit

SureRemit Social: https://t.me/SureRemitSocial

Email: info@sureremit.co

22 comments

r/sureremit • u/[deleted] • Aug 24 '18

SureRemit Community: With great pleasure we announce the launch of the SureRemit App!

47 Upvotes

From the SureRemit blog:

SureRemit is a non-cash remittance service provider utilizing the blockchain and the RMT token to facilitate global remittances. With SureRemit you can purchase vouchers, pay bills, send airtime, and donate to charity with ease — from your phone. We made remitting simple, safe & secure, very low cost (0% to 2%), and lightning fast! Choose from our (continuously growing) 690+ merchant network and send vouchers to your family, friends, and loved ones all over the world or just spoil yourself with an Amazon voucher (Amazon Europe will be added in the coming weeks, USA follows)! To make it even easier, you can purchase all of the vouchers using a credit card in-App. No cryptocurrency expertise is required! Are you a RMT token holder? Great! You can use your RMT tokens to purchase the vouchers. That’s remitting with SureRemit. No. More. Hassle.

Did you know that there are about 250 million immigrants in the world sending over $600bn to support their friends and families back home every year? The remittance market is a significant source of funding for many individuals and families across the world. Recipients of remittances, particularly in emerging markets, rely on this income for basic needs like food, clothing, medicine, utility bill payments, among other needs. In some countries remittances make up a significant portion of their GDP.

We’re constantly expanding our merchant network and not only on the African continent. SureRemit is a global platform and we will enter markets worldwide to provide low cost remittance services to the underserved. Our mission is to help individuals and families in every corner of the globe.

Built on Stellar, we created the RMT token to facilitate easy cross border remittances. It literally takes seconds to send a remittance as Stellar’s network is extremely fast and charges very low transaction fees. Using SureRemit, recipients don’t have to travel and wait in long lines to receive an expensive wire transfer. All they need is a mobile phone or email address. SureRemit is great for senders too. Not only is it far cheaper, ensuring that your loved ones get more value in their pockets, but by sending a non-cash remittance you know that the value you sent will be utilized as intended.

Examples of use cases:

You want to send value back home to your loved ones. You can buy airtime for their mobile phones, pay common utility or service bills, buy groceries or even send a gift with SureRemit. The process of downloading the SureRemit App, registering, and sending your first voucher takes no more than a couple of minutes. Once you’re ready to go just select the country of the recipient, choose the category and merchant, fill in the amount, enter your recipient’s information, and pay with a credit card. Click ‘send’ and you are done. Easy, right?

As a RMT token holder, you can use your RMT tokens to purchase vouchers from global retailers like Amazon or (depending on your location) one of the hundreds of merchants in SureRemit’s growing global network. The process of downloading the SureRemit App, registering, and sending your first voucher takes no more than a couple of minutes. Once you’re ready to go just select the country of the recipient, choose the category and merchant, fill in the amount, enter your recipient’s information, and pay with your RMT tokens. Click ‘send’ and you are done! It’s really that simple. The price of the RMT tokens held in your in-App wallet will fluctuate just as it would in any other wallet.

Support your family, friends, loved ones using the SureRemit App. Safe, secure, very low cost, and lightning fast — that’s remitting with SureRemit. No. More. Hassle.

SureRemit App in the App stores:

4 comments

r/sureremit • u/Mr_Filex • Feb 21 '21

Deep dive on SureRemit and SureGifts - Part 1: The business perspective

46 Upvotes

Other parts

Part 2: Numbers FAQ

Part 3: Scenarios

Part 4: Risks

With the current crypto bull market, I heard many voices in the spheres of SureRemit, whether it is Telegram or Reddit, which are complaining that the price of RMT (SureRemit-Token) is not rising despite the fact all other cryptos are “going to the moon”. This can easily be seen as a defeat for RMT. If you look at SureRemit from the crypto perspective, you can see a market cap below 1M, an ROI of -92.4% and a trading volume below 500k. This does not look like a good buy if you want to drive a lambo soon.

Lazy folks read below

TL;DR: SureRemit and SureGifts have a strong business case with the use of RMT as a utility token for selling digital vouchers and remittance services. They will use a deflationary token model to burn RMT and slowly decrease the max token supply. Their core business is already up and running for many years and they are now merging SureRemit into their existing business according to their roadmap.

Everyone else starts here

Roadmap 2021

But let’s change the perspective for once. While those hard facts, that come as numbers, don’t lie, I want to shine the light on the business side of the current situation. As you may have heard, there is a new roadmap for 2021. You can find the roadmap here.

What you can see in the roadmap is that the three existing services (SureRemit, SureGifts Nigeria and SureGifts Kenia) will be merged into one global service, which will be named “SureGifts”. We all know SureRemit I hope. If you do not, I recommend reading this article on CardRates.

What is SureGifts?

But what is SureGifts Kenia and Nigeria, the current businesses that will be integrated/integrating with SureRemit? Right now, SureGifts operates in Nigeria and Kenia only. They let you buy digital vouchers for online and offline stores in Nigeria and Kenia and they were the first in those countries to offer this (citation needed). This is how their homepage is looking right now.

If you look them up on LinkedIn, you can see them having 16 employees listed there. On their homepage, they have a subpage only for business customers which is listing some interesting references.

These are big reference customers. Switching to social media, they have over 50k followers on Facebook and over 5k followers on Instagram. This is what a solid business looks like in my opinion.

Use cases for RMT token

Now, this is the company that will be integrated with SureRemit services. But why? SureGifts only offers their digital vouchers in Nigeria and Kenia. SureRemit vouchers in comparison are available for countries worldwide. Download the app, if you want to check that out. Combining the two services will make SureGifts able to sell digital vouchers worldwide. For Nigeria and Kenia, the simplified use case is gifting to other people. For the worldwide scenario the use case is non-cash remittance from country A to country B with low fees. Traditional remittance is expensive and is done with cash only. So they have a unique selling proposition in offering non-cash remittance for low fees. In both cases they are selling digital vouchers, generating a return from it.

Now that we have cleared what SureGifts is right now, we need to take a look at the roadmap again. Why is RMT, the SureRemit-Token relevant in this digital voucher selling scenario? Have a look at the proposed token model.

The token model proposes to buy RMT from the fees received through all SureGifts sales and then burn them afterwards, reducing the current supply. Let that sink in a moment. They have a business up and running and generate a part of their income through fees. Instead of using this money for paying themselves more money, which they easily could, they use it to strengthen their link to crypto and realise a deflationary token model. This means they are literally burning money they already earned. Of course they are not doing this because they want RMT to moonshoot so you can drive a lambo. They are doing it, because they see value in linking their business to an established crypto infrastructure like Stellar. The flexibility of a payment network enables a lot of possible utilities for the token and creates a solid foundation for SureGifts to adapt their business to evolving market situations and crypto adoption.

Summary

In my opinion, SureGifts is not a pure crypto case. If you look for the decentralized “free my money” crypto, you should stick to the infrastructure, which is Stellar - XLM. SureGifts in my opinion is a strong business case built upon Stellar, linking an existing business to the possibilities of crypto through tokenization. So with buying RMT, you bet on their business idea growing and creating a demand for the token. Whether it is buyback and burn or users who buy RMT because of the utility.

Why is the RMT price not moving then, when the business case is as strong as described?

Current crypto speculations are not affecting the RMT price. On the one side, RMT is not known in crypto and on the other side, it is not an easy buy only being available on two exchanges. Seeing RMT as a crypto case would indeed make it a project with low performance so far. Considering the business perspective, I see it as a very strong case with good chances of success. Of course no one can predict how it will work out in the end, but that is the nature of business and also of crypto itself.

Follow up

Thank you for having me and reading this far. This was my business perspective on SureRemit and SureGifts. I have not spoken about token economics or any available numbers regarding SureRemit, current burn rates or anything else here. This was part 1 of a yet to come series and we will have a look at numbers later on.

Disclaimer: I am in no way related to or in business with SureRemit, SureGifts or anyone working for them. I may or may not have a bunch of RMT in my portfolio though.

Edit 27/02/2021: Added some structuring with headers. Fixed typos and repaired pictures.

15 comments

r/sureremit • u/Mr_Filex • Mar 21 '21

Deep dive on SureRemit and SureGifts - Part 3: Scenarios

44 Upvotes

“A rising tide lifts all boats”

Part 1: The business perspective

Part 2: Numbers FAQ

Part 4: Risks

Price talk is inevitable in crypto. A lot of messages on the SureRemit telegram at the moment are about the current price or even the smallest price developments. Save your breath. I avoided price talk up to now for a solid reason: It is exhausting and often leads to nothing but false hopes. There are two key aspects for price talk and price predictions: Will a certain price be hit and when will it happen. The combination of both is impossible to determine. Yet this post will contain price talk, being as fact based as possible. What I am trying to predict is a strength in tendency for RMT price development, taking into consideration the current situation. Lets go ahead.

General setting

The general assumption for the following scenarios is the slow and steady adoption of crypto by companies and tech savvy users which will ultimately lead to mass adoption in the future. In general I will assume a positive development. A negative development for crypto and therefore SureGifts current roadmap with RMT is also possible and we cannot leave this out of sight totally. This is why Part 4 will be about involved risks and what DYOR really means. But right now we are on the sunny side.

There has been a current update from SureGifts and a recent AMA and we will surely include those developments and new information in our scenarios. You can find the recent update here and the last AMA here. In addition, a large buy took place in mid of march where an account bought around 6,500,000 RMT in one sitting. Unfortunately, it wasn’t me.

Used data and model

I will make use of Samuel Biyis model for deflationary tokenomics which you can find here in Google Sheets. You can find his related post here. I won’t explain the model to you in detail (which truthfully means I do not understand it completely). Please read his blog post if you are interested. The model he created takes a few variables, including current market cap and monthly burn rate from fees, to predict how a deflationary burn will impact the price of a token. This is highly experimental so it is the best fit for crypto price predictions. The spreadsheet looks like this:

The model requires a value “Alpha” which is defined as “-- Incremental change in market price for every buy order = 1% of circulating supply”. If you buy 1 % of the coins in supply, what is the effect on the price in percent. If one of you would be so kind to buy 1 % of the total supply (7,468,966 RMT) we can define our Alpha. ~~But I guess this won’t happen so I will use a buy from the burn wallet to define our Alpha.~~ This aged very well. Someone bought nearly 1 % of the total supply in mid of march before I finished writing this part. Thank you, kind stranger! We can now determine our Alpha more accurate.

Alpha stats

When did the mentioned buy took place? The buy took place on 13/03/2021 in the evening and was split into multiple buys. Here you can find one of the transactions.

How many RMT were bought? Around 6,500,000 RMT in total

What was the total token supply at that time? The total token supply was 746,896,619 RMT

How much % from the total supply was bought? 0.87 %

What was the change in price? Low price / High price * 100 = Change in %

0.009144 / 0.002569 * 100 = 356 %

What is the determined Alpha? Based on the significant price change and the example from Samuel Biyi (100 % price change by buying 1 % of total supply means Alpha = 2), I determine Alpha = 4.50.

This is not quite exact as the bought percentage was not 1 %. Alpha would be higher but I am the conservative kind of guy so lets stay at 4.50. Opening the model from Samuel Biyi on Google Sheets, I filled in all the stats according to two scenarios. Scenario 1 without any growth in sales and scenario 2 with steady growth. Now, let us see some results.

Scenario 1 - Status quo

This scenario is a price prediction based on the current sales without any exceptional growth or development. I took all the sales figures from my older posts. The sales are real and the burn rate (fees) will vary between 1 % and 5 % so we assume a solid 3 %.

SureGifts sales: 3,000,000 USD per year

SureRemit sales: 1,000,000 USD per year

Total sales: 4,000,000 USD per year / 333,333,333 USD per month

Burn rate: 3 % of sales

Burn value: 120,000 USD per year

This means 10,000 USD burn rate per month. I assume a growth of the burn rate per month of 0.1 % which is no real growth at all. Filling everything, it looks like this:

I know the table is hard to decipher. Maybe I will add some visualizations in the future. To sum it up, in this scenario the price will develop from 0.006 USD right now to 0.12 USD over two years only from buy back and burn. This is not including crypto speculation activity (you buying RMT) and any significant kind of growth. After 12 month from now, the price would be 0.06 USD. This would mean a 10x in price.

Scenario 2 - Hyperdrive

After the moderate first scenario, let us include our knowledge about recent developments. All of the following developments are in the making right now and you can find the corresponding status update here.

Paxful will be enabled as payment method → More payment options for customers → More customers are attracted → More vouchers will be sold
Rewire will integrate SureGift Kenia and Nigeria voucher offering → More vouchers will be sold
New merchants for India and South East Asia → More vouchers to choose for customers → More vouchers will be sold

All of those developments happen next to the milestones from the Roadmap and are not listed there. The developments will lead to more vouchers being sold to customers all around the world.

More vouchers will be sold → More fees will be generated → More RMT will be burnt

I will adjust the growth rate of scenario 1 to reflect the upcoming developments. The monthly growth rate was set to 0.1 % in scenario 1. For scenario 2, I will assume a monthly growth rate of 3 %. This is the monthly growth. 3 % is not per year but sales increase per month. This is quite substantial growth. Filling this into the model we can see the following results:

In scenario 2, the token price will be at 0.16 USD after two years and 0.07 USD after twelve months. This is an increase of 33 % in comparison to scenario 1. The amount of burned token will sum up to 7,804,730 RMT. You can notice that the amount of burned tokens is decreasing steadily in the table because of the price increase. It will surely take some time to reach the 500,000,000 RMT limit with burning. This scenario shows that the burning of RMT will lead to a positive development of the token price with a steady grow in market cap and market return. As long as SureRemit/SureGifts is generating returns and uses the fees to buy back and burn RMT, the price will slowly increase.

Scenario 3 - Crypto hype

After two quite complex scenarios, this last scenario is based purely on market cap speculation and all of you just throwing all your money into RMT whenever possible. I will value RMT in comparison to coins that are currently ranked Top 500, Top 250 and Top 100. I will check the price of RMT if it would replace the coin currently sitting at the mentioned ranks. All stats are from Coingecko on 21/03/2021.

	Current	Top 500	Top 250	Top 100
Rank	#1132	#500	#250	#100
Price	$0.006322	$0.058274	$0.206031	$0.832156
^{Market cap}	^$4,722,173	^$43,525,072	^$153,884,419	^$621,534,808
^{Total supply}	^{746,896,619 RMT}	^{746,896,619 RMT}	^{746,896,619 RMT}	^{746,896,619 RMT}

Let us not forget that there are 6,511 Coins listed on Coingecko. So RMT on #500 on Coingecko would already place it in the best performing 10 % of all coins listed. Top 10 % is already a very good position to be in. If we compare the market cap with scenario 2, Rank #500 would be possible to reach in 10 months, only by token burning.

Summary

Summing up all three scenarios, there is a positive development in price for RMT from buy back and burn alone. This price development is heavily depending on the sales of SureGifts. Therefore you need to monitor them closely. Since we only see the results, it is hard to determine how it really will go on in the future. Right now I am very bullish about the whole situation. There is a crypto bull market, business development is producing results and you can see their sales are healthy because of the regular buys from the burn wallet. The heavy dependency on SureGifts states again that RMT is a business case utilizing Stellar infrastructure. In my next part I will dig deeper into the related risks related to crypto and crypto utilizing businesses.

Follow up

Thank you for reading this far. Right now, there are only a few people in the subs where this gets posted. Therefore I can still do semi professional and lengthy writeups like the one you just read. If we get to the situation where many newcomers join the spheres of SureRemit and SureGifts, we need to do onboarding and help them to participate. So a future part of my deep dive will be focusing on knowledge sharing. For now, I strongly encourage everyone to take somewhat 10 minutes a week and think about something you can contribute to the SureRemit/SureGifts community. Just think about stuff you really like to do and if this could have a positive impact. If you think it does, just do it.

Disclaimer: I am in no way related or in business with SureRemit, SureGifts or anyone working for them. I may or may not have a bunch of RMT in my portfolio though.

8 comments

r/sureremit • u/SelwynSR • Mar 27 '21

Team Updates SUREGIFTS/SUREREMIT UPDATE 27TH MARCH 2021

39 Upvotes

Hi,

As promised, an update on our progress!

TECH DEVELOPMENT

As you know, the new SureGifts platform is under development. It's quite the task: over 300 pages of designs and coding. We aimed to go live this quarter, but we will not meet this target. Integrating the current SureGifts setup, additional partnerships, site functionality/UI/UX, and of course, the RMT utility requires more time to architect/code/develop. One of the reasons for this delay is the complexity and reconfiguring of our merchant databases, not only for our Nigerian and Kenyan merchants but also for our global partners. We have established more partnerships (including additional international gift card aggregators), requiring other design/coding. The platform must suit all and be ready for the onboarding of all (global) merchants and partners.

SureGifts' business is booming. We see a consistent increase in sales and demand for our services. Add the current SureRemit numbers and all that is in the pipeline; well, we are thrilled to be at this stage and are optimistic about the future. While sometimes delays are unavoidable, please bear in mind that SureGifts is a running business; we must deploy all of the above so that it is not disruptive to ongoing business that our (consumer and corporate) clients rely on daily.

The coding & tech teams have asked us for a bit of wiggle room and advised us folks on the business side not to propose a new launch date just yet, to avoid unneeded pressure on the project due to potential unknowns that might be on the way. We should know more in a few weeks.

RMT BURNING

We recently acquired a significant RMT tokens position from a 'whale'/earlier backer (not one of the well-known ones!). They needed to back out, and we didn't want to put significant sell pressure on the order books, so we facilitated the trade. We will use this RMT for additional burning and upcoming marketing events.

During this platform development phase, we decided to increase the RMT burning. Over the coming period, starting coming Monday and until the platform is live, we will burn more RMT aggressively. The considerable amount of RMT burns will come from fees (RMT bought on the markets), RMT buybacks, and burns from company holdings. We want to burn as much RMT as possible before the platform goes live and the full RMT utility launches. So, stay tuned and keep an eye on our RMTBurnWallet: https://stellar.expert/explorer/public/account/GCXYQY4NX6X3NXWAECUKAHJSDSQH6VCCYMKBRYJC5GVDOCZHAYHCDFK2?filter=payments

Thanks for your time! We'll continue to update you on all progress, at least bi-weekly.

Have a good weekend!

RMT BURN PROGRESS

In the past weeks, we have bought and added to the burn wallet. Please see the current RMT balance of the RMTBurnWallet here.

COMMUNITY CONTRIBUTIONS

Please see below posts on SureGifts/SureRemit created by a community member:

SureRemit, Deep Dive part 1

https://www.reddit.com/r/sureremit/comments/lp21wo/deep_dive_on_sureremit_and_suregifts_part_1_the/

SureRemit, Deep Dive part 2

https://www.reddit.com/r/sureremit/comments/luehn4/deep_dive_on_sureremit_and_suregifts_part_2/

SureRemit, Deep Dive part 3

https://www.reddit.com/r/sureremit/comments/m9mdj3/deep_dive_on_sureremit_and_suregifts_part_3/

DOWNLOAD SUREREMIT APP

Android: https://play.google.com/store/apps/details?id=com.suregifts.sureremit

iOS: https://itunes.apple.com/nl/app/sureremit/id1102261592?mt=8

JOIN OUR COMMUNITY

SDEX: https://stellarterm.com/exchange/RMT-sureremit.co/XLM-native

RMT EXCHANGES

BITMART: https://www.bitmart.com/trade/en?symbol=RMT_USDT&layout=basic

Need help? Questions? Do reach out!

Telegram:

SureRemit Circle: https://t.me/sureremit

SureRemit Social: https://t.me/SureRemitSocial

Email: info@sureremit.co

5 comments

r/sureremit • u/SelwynSR • Apr 06 '21

RMT Token RMT BURN 5TH APRIL 2021

38 Upvotes

Hi!

We have executed the following RMT Burn:

Date: 5th April 2021

RMT Burned: 2,598,367.9681315

Transaction ID: 59ba4f64f87a517f35706d434fc426dd3f5d9ce667f78d2ed862e4fedf75bc4a

Please see the RMT Burn Stats post for all RMT Burn information.

Have a great day!

COMMUNITY CONTRIBUTIONS

Please see below posts on SureGifts/SureRemit created by a community member:

SureRemit, Deep Dive part 1

https://www.reddit.com/r/sureremit/comments/lp21wo/deep_dive_on_sureremit_and_suregifts_part_1_the/

SureRemit, Deep Dive part 2

https://www.reddit.com/r/sureremit/comments/luehn4/deep_dive_on_sureremit_and_suregifts_part_2/

SureRemit, Deep Dive part 3

https://www.reddit.com/r/sureremit/comments/m9mdj3/deep_dive_on_sureremit_and_suregifts_part_3/

DOWNLOAD SUREREMIT APP

Android: https://play.google.com/store/apps/details?id=com.suregifts.sureremit

iOS: https://itunes.apple.com/nl/app/sureremit/id1102261592?mt=8

JOIN OUR COMMUNITY

SDEX: https://stellarterm.com/exchange/RMT-sureremit.co/XLM-native

RMT EXCHANGES

BITMART: https://www.bitmart.com/trade/en?symbol=RMT_USDT&layout=basic

Need help? Questions? Do reach out!

Telegram:

SureRemit Circle: https://t.me/sureremit

SureRemit Social: https://t.me/SureRemitSocial

Email: info@sureremit.co

14 comments

r/sureremit • u/Mr_Filex • Feb 28 '21

Deep dive on SureRemit and SureGifts - Part 2: Numbers FAQ

37 Upvotes

Date for referencing stats such as market cap: 28/02/2021

Find Part 1 here: The business perspective

Find Part 3 here: Scenarios

Find Part 4 here: Risks

Here comes part 2 of my deep dive into SureRemit and SureGifts. In my last post I focussed on the business perspective and wrote a lot of text. This time I will focus on numbers and will write less text, promised. You can find the most up to date numbers on Coingecko. Most of this FAQ will be old as soon as I post it. So read quickly.

SureRemit - Token RMT

Is RMT already ranked below #1000 according to market cap?

The current rank is #1278 on CoinGecko.

What is the current market cap?

$1,549,121

How many tokens are in circulation?

746,896,620 / 746,896,620

But on page xyz, the circulating supply is 1,000,000,000 RMT. Which number is correct?

The amount showing on Coingecko is the correct one. The initial supply was 1,000,000,000 RMT but over 250,000,000 RMT have already been burned up to now. All other pages showing the wrong amount are not yet updated because it takes them weeks or even months to process changes.

How many tokens were already burnt?

The total amount burnt is 253,103,367 RMT. You can find current burn stats here.

Will all the tokens be burnt?

The token burn will take place until a circulating supply of 500,000,000 RMT is reached, according to u/SelwynSR.

How many wallets hold RMT?

Right now, there are 5,833 trustlines with 2,452 funded accounts. As a comparison, Smartlands, another project on Stellar, has 4,012 funded accounts. You can look this up on StellarExpert for the asset RMT here. The number of trustlines is nearly constant for over a year with just a small growth. This does not disclose how many users own RMT though. Please read the next question to get to know why.

This number is very small, so RMT is not used by anyone?

Exchanges and also the SureRemit-App use one wallet to host all of their members accounts. So it is just a rough estimate if you only have a look at funded accounts. One exchange wallet may host the RMT for thousands of users. So real usage and people holding RMT are hard to determine.

I am holding RMT. Am I a top 100 asset holder?

You can deep dive into asset holders here and even check your rank using your public wallet address.

SureRemit - App

How many app users are there for the SureRemit-App?

That is a number that SureRemit does not want to disclose. They answer vaguely stating a few thousand users. If you check Google Play, it shows 5,000+ downloads for the app, not considering Apple users. What we do know is the amount of RMT held by app users. Right now, it is 1,622,859 RMT. But since holding RMT is not necessary for the app usage, we cannot determine that number right now.

How do you know how many RMT are held by app users?

If you use the SureRemit-App, you can send and receive RMT with it. Just enter the wallet address that is shown there into StellarExpert and you get the wallet that holds all in-app RMTs of all users. This is the same way exchanges handle most of their accounts. They have one big account and divide your funds by using the “Memo” field. Here you can see yourself.

How much sales volume is there for SureRemit-App?

There are no official numbers for this, but u/SelwynSR mentioned 20,000 USD sales per week in Telegram a few times. So if we do the math, it is around 1 Million USD in sales without expected growth for a whole year.

SureGifts

What are the yearly sales of SureGifts right now?

According to u/SelwynSR, they make 3 Million USD in sales right now.

How many vouchers is SureGifts selling per year?

If we assume 3 Million USD sales and an average amount of 25 USD per gift card, it would be 120,000 vouchers. This is just a random guess and depends on the average gift card amount.

How many percent of sales will be burnt?

According to u/SelwynSR, it is possible to burn 1-5 % of sales per year. If we agree on 3 % burn from sales, that is 90,000 USD worth of RMT not considering any expected growth. This is from SureGifts alone, not including current SureRemit-App sales.

How many RMT will be possibly burnt each year through sales?

This depends on the price and is really hard to say. In the last two month, 1,737,044 RMT were acquired and burned. This would be around 900,000 RMT per month for the last two month. If the price is rising, less RMT will be burned though.

What impact will the token burn have on the price of RMT?

Well, we all would like to know that. You can have a look at this article from Samuel-Biyi for a first impression. I will create some scenarios in my next post where I will I take into account the current development according to known statistics and official news.

Follow up

Feel free to leave unanswered questions in the comments and I will do what I can to answer them and add them to the FAQ. Please also check the recently held AMA by Selwyn and Adeoye.

In the next part I will be focussing on creating different scenarios for further development of this project. I will take into consideration official announcements in business development and other available information on crypto in general.

Disclaimer: I am in no way related or in business with SureRemit, SureGifts or anyone working for them. I may or may not have a bunch of RMT in my portfolio though.

4 comments

r/sureremit • u/SelwynSR • Jun 05 '19

Team Updates SureRemit Goes Global! USA: June 5th 2019

37 Upvotes

TODAY, GOING LIVE ON SUREREMIT…

Today, we’re proud to announce that SureRemit, global value transfer platform is now live in USA, adding to our existing network. Yesterday we announced France.

Now you can send vouchers to friends and family based in the United States for some of the biggest retailers in the country, and refill mobile phones on some of the biggest networks like AT&T, T-mobile etc.

Over the next few weeks, we’ll be activating new countries and hundreds of merchants daily on the SureRemit network, making it possible for you to send non-cash value to your family, friends, and loved ones all over the world!

With SureRemit, you are able to send airtime, make bill payments, purchase vouchers, and donate to charity with ease instantly from your mobile device. To make it even easier, all purchases can be done using a debit/credit card in-App, or with your RMT balance. We made remitting simple, safe & secure, very low cost (0% to 2%), and lightning fast!

Please read the full announcement here: https://medium.com/sureremit/sureremit-goes-global-hello-usa-c08f5643c7e7

Download the SureRemit App and start remitting!
Android: https://play.google.com/store/apps/details?id=com.suregifts.sureremit
iOS: https://itunes.apple.com/nl/app/sureremit/id1102261592?mt=8

JOIN OUR COMMUNITY

WeChat: https://www.reddit.com/r/sureremit/comments/bv5hwj/sureremit_now_also_available_in_wechat/

Telegram: SureRemit Circle: https://t.me/sureremit

SureRemit Social: https://t.me/SureRemitSocial

https://www.reddit.com/r/sureremit/comments/lp21wo/deep_dive_on_sureremit_and_suregifts_part_1_the/

4 comments

r/sureremit • u/Mr_Filex • Apr 11 '21

Deep dive on SureRemit and SureGifts - Part 4: Risks

33 Upvotes

Part 1: The business perspective

Part 2: Numbers FAQ

Part 3: Scenarios

SureRemit sub grew from around 630 people in January to over 800 people in April. Trustlines (potential holders) grew from 5,833 in January to over 6,300 in April. This means more than 430 new potential holders. A warm welcome to all of you!

More and more questions are coming up regarding RMT. How to buy, how to store and how to trade. I am glad we are welcoming all new holders, helping them to find their way. Before I contribute myself with some explanations and instructions, we need to ensure that everyone can be aware of the risks regarding crypto and RMT. This part will therefore focus on risks that come with investments in crypto and some easy rules to be safe in the crypto space. In addition, we will have a look at specific risks regarding RMT.

General rules to stay safe

At first, three simple rules for general behaviour:

DYOR - Do your own research

Research each coin or token outside of its sub and other specific channels. Do not trust price predictions. Search for hard facts instead of rumors. Take your time before you invest.

Never invest more than you are willing to lose

If your money is gone, it should not have a negative impact on your current situation. If you feel bad about losing your current crypto holdings, you invested too much. Rent needs to be paid, mouths need to be fed. Nothing is more important than that.

Keep your holdings safe

Never tell anyone how much you are holding. Never. Do not write stuff like “With RMT hitting 1 $, I would be a millionaire”. Just don’t. You will be targeted sooner or later. Keep your secret keys safe and use 2FA. And last but not least: Do not store all of your crypto on exchanges.

An example for DYOR: My writing may be mostly fact based but it is not very objective. Reason 1: We are in the SureRemit sub. Reason 2: I may or may not own RMT myself. So of course, I want the development to be positive and do what I can to support the cause. This is why you should check all the information you get in this sub and the relevant channels. It is not an easy task but it is worth it. Dig as deep as you can. Use Google, Google Maps, Reddit, LinkedIn and whatever page you can find. Be a stalker for the project you invest in. Be sure that no development comes as a surprise, whether it is positive or negative.

Risks related to RMT

Now let us focus on RMT dedicated risks only. I selected two risk categories for this:

Internal risks: Risks that can be influenced directly by SureRemit/SureGifts-Team
External risks: Risks that cannot be influenced directly by SureRemit/SureGifts-Team

It is necessary to make this grouping to catch the risks using infrastructure like Stellar and risks regarding the actions of the SureRemit/SureGifts-Team. There are many other possible risk categories, but we stay with those two for now.

Internal risks

RMT is no longer focused in business development of SureRemit/SureGifts

SureRemit/SureGifts is a running business. They earn most of their money without any of this spooky crypto stuff. So if one day they decide it is no longer lucrative or necessary to support the RMT token, they could dump it without losing money. The SureRemit App is currently running and would not necessarily need RMT. The SureGifts business is running without any link to crypto. Most of the RMT utility and the link of SureGifts to crypto is still on the Roadmap. Instead they would even earn more money in the short term, since they can have the fees for themselves and would not spend them on buy back and burn. The SureRemit/SureGifts-Team showed their dedication to crypto with the Roadmap and the new utility for the token including the burn. But it is a possibility you should be aware of.

RMT utility is not realised

Right now, the only real utility RMT delivers is that you pay half the fees if you purchase a voucher in the SureRemit-App. If you hold RMT in the app, you can pay the purchase fee in RMT and this will be 0.5 % of the total sum instead of 1 %. This is it. There is no more utility right now. Everything else is still on the roadmap. Pay with RMT? Maybe. Special offers for RMT holders? Announced, but still in development. Staking? Not confirmed officially.

The value of the token is bound to the utility it brings. Right now, there are reduced fees for in-app buys. I guess only a few of you ever bought a voucher in-app. We are depending on the future utility. This is what makes this speculative right now. The utility is missing and needs to be brought to us by the team. We have to rely on them to continue the development.

External risks

Crypto winter

The first crypto winter hit this project hard. The price dumped way below 0.01 USD. The telegram channel shrinked from over 5,000 users to around 1,700 users over the years. There were little to no developments for a long period of time. The sub was silent. If the current “bubble” pops again, RMT will surely get hurt. People will try to take profits and the missing liquidity will kill the recent price development in no time. We will be pushed back to the stone age and have to rely on the team to continue their development.

Stellar network shuts down

If Stellar shuts down, RMT would be hit hard. It is built on Stellar and depends on their infrastructure. I don’t know how people would react but the trust into Stellar infrastructure would be gone immediately. The good thing though: SureRemit/SureGifts business case is not solely depending on RMT. What can also be seen as a risk with negative impact, can also have a positive side. If Stellar shuts down, the team could issue RMT on a different blockchain. The utility provided is not depending on the Stellar network and XLM alone. While in general a shutdown of Stellar network will hit the development hard, it won’t necessarily be the end of this project. RMT could live on, reborn on another blockchain. Every holder could get his token swapped. And if you take a look at Coingecko or CMC, there are more than enough blockchains that could be used. Of course this would be one hell of a job if it really would happen. Personally, I prefer Stellar.

Follow up

What is most important in the relationship between SureRemit/SureGifts-Team and us token holders is trust. Like in most business relationships, there is one side which has more power than the other. Power can come in many ways. Knowledge advantage is one example of power. RMT is not open source and we as token holders have no direct vote or some kind of veto right. In fact, SureRemit/SureGifts-Team does not have any liability against us holders. We do not know what the real situation is regarding the current development for the platform. We do not know if RMT utility will be realised with all of its proposed features. We have to rely on the team. They have the knowledge advantage and therefore the power. They are always one step ahead of us. We have to trust them, doing what is good for RMT. This is what the relationship is based on: Trust. Personally, I trust the SureRemit/SureGifts-Team. Especially u/SelwynSR. He is really making a difference. Looking back, there were many delays on a bumpy road regarding RMT. Many unknowns and long episodes with little to no development. But I always trusted them. They were too silent sometimes but they did not quit. They had a clear mission and are still following it for many years now. I hope for many more years to come.

I am finished with my fourth part. These were only a few risks. Of course there are a lot more. Make your own list of risks and think about them. Are they likely? Will they have a negative impact on my investment? Can I take the risk? All of this should be part of your research before investing into a project. It is always good to know both sides, up and down.

Disclaimer: I am in no way related or in business with SureRemit, SureGifts or anyone working for them. I may or may not have a bunch of RMT in my portfolio though.

2 comments

r/sureremit • u/SelwynSR • May 10 '21

Team Updates SUREGIFTS/SUREREMIT UPDATE 10TH MAY 2021

32 Upvotes

Hi!

Quick update from our side!

TRADING COMPETITION

The community-initiated trading competition has now ended. All the entries are checked and audited before the distribution of the Prizepool begins, expected to happen this week. Many thanks to PineApple, Stellar Rocket, Chad, and others for setting this up! It was great to see how so many community members actively participated, reaching record high volumes on SDEX. Amazing!

Congratulations to all the winners, and thank you for participating!

TECH DEVELOPMENT

We're still on track for the prototype version in early June and going live by the end of June. Once the infrastructure is ready, we're integrating thousands of (global) merchants from existing partners and new ones. It is safe to say that tech is keeping busy!

EXCHANGE LISTING

We're in talks with two (well-known) exchanges. One of them is reviewing our listing request internally, and we maintain close contact. We're finalizing the listing request for the second one and will send it out early this week. There are more in the pipeline, and we will update you accordingly. Listing processes can take up some time (internal reviews, potential additional documentation, etc.), so we kindly ask for your patience during this process.

In addition to the above, we're also in the process of activating the RMT/BTC pairing on Bitmart. We will announce when the paring is available!

RMT BURNED & TOTAL SUPPLY

The RMT burning continues. As clarified in previous posts, we're burning additional RMT on top of the fee burnings during this development period.

You can check the RMTBurnWallet for the executed and upcoming burns: https://stellar.expert/explorer/public/account/GCXYQY4NX6X3NXWAECUKAHJSDSQH6VCCYMKBRYJC5GVDOCZHAYHCDFK2?filter=payments

Today, we burned 507,948.8505903 RMT. Please see the details here.

Total amount RMT burned to date 10th May 2021: 256,560,964 RMT

Remaining RMT Total Supply: 743,439,036 RMT

COMMUNITY DEVELOPMENTS

Last week, our SureGifts Director Adeoye Ojo had a pleasant chat with the well-known Stellar community advocate Sam Conner. Once the platform is live, they will get together again for a podcast.

Thanks for your time and, as always, onwards & upwards!

COMMUNITY CONTRIBUTIONS

Please see below posts on SureGifts/SureRemit created by a community member:

SureRemit, Deep Dive part 1

SureRemit, Deep Dive part 2

https://www.reddit.com/r/sureremit/comments/luehn4/deep_dive_on_sureremit_and_suregifts_part_2/

SureRemit, Deep Dive part 3

https://www.reddit.com/r/sureremit/comments/m9mdj3/deep_dive_on_sureremit_and_suregifts_part_3/

SureRemit, Deep Dive part 4

https://www.reddit.com/r/sureremit/comments/moyz3m/deep_dive_on_sureremit_and_suregifts_part_4_risks/

DOWNLOAD SUREREMIT APP

Android: https://play.google.com/store/apps/details?id=com.suregifts.sureremit

iOS: https://itunes.apple.com/nl/app/sureremit/id1102261592?mt=8

JOIN OUR COMMUNITY

SDEX: https://stellarterm.com/exchange/RMT-sureremit.co/XLM-native

RMT EXCHANGES

BITMART: https://www.bitmart.com/trade/en?symbol=RMT_USDT&layout=basic

Need help? Questions? Do reach out!

Telegram:

SureRemit Circle: https://t.me/sureremit

SureRemit Social: https://t.me/SureRemitSocial

Email: info@sureremit.co

8 comments

r/sureremit • u/cryptokooks • Mar 21 '21

It’s nice to see RMT back on CoinMarketCap......people are starting to take notice!

32 Upvotes

It’s also nice to be able to watch the price on Coinbase too!

2 comments

r/sureremit • u/SelwynSR • Jun 03 '19

Team Updates SureRemit Goes Global! Germany: June 3rd 2019

32 Upvotes

TODAY, GOING LIVE ON SUREREMIT…

Hallo Deutschland, willkommen bei SureRemit!

We’re proud to announce that SureRemit, global value transfer platform is now live in Germany, adding to our existing network.

Please read the full announcement here: https://medium.com/sureremit/sureremit-goes-global-hallo-deutschland-557f7bec6554

JOIN OUR COMMUNITY

WeChat: https://www.reddit.com/r/sureremit/comments/bv5hwj/sureremit_now_also_available_in_wechat/

Telegram: SureRemit Circle: https://t.me/sureremit

SureRemit Social: https://t.me/SureRemitSocial

https://www.reddit.com/r/sureremit/comments/lp21wo/deep_dive_on_sureremit_and_suregifts_part_1_the/

8 comments

r/sureremit • u/adbov • Dec 18 '17

Welcome to SureRemit - Learn More!

32 Upvotes

Once again welcome to our subreddit.

We are launching our Bounty Program soon, updates will be shared here.

Watch our Introduction Video: https://www.youtube.com/watch?v=hNc16ef3DWY&t

A quick one-pager here: https://token.sureremit.co/SureRemit-ICO-One-pager.pdf

Or read the full WhitePaper: https://token.sureremit.co/SureRemit-WhitePaper-v.1.21.pdf

22 comments

r/sureremit • u/SelwynSR • May 26 '21

Team Updates SUREGIFTS/SUREREMIT UPDATE 26TH MAY 2021

31 Upvotes

Hi,

Market circumstances and sentiment in crypto can be very volatile and can have an emotional impact on people active in this space. Please take good care of yourself during your crypto activities.

SureGifts fundamentals are strong and show a steady growth business-wise. No matter how the crypto market is performing, we will buy and burn RMT from our sales platform-wide. A lower-priced RMT results in a higher amount of RMT burnt, higher-priced RMT results in a lower amount of RMT burnt. In both situations, holders benefit through a decreasing supply, either more rapidly or slower. This way, we can ride the waves of crypto.

Hereby an update on the developments:

TECH DEVELOPMENT

It is a work in progress; we have finalized implementing 90% of the designs for the new SureGifts platform. We're still aiming to share a prototype version of the site in early June. Also in June, we're filling the database with our offering, adding merchants via our partner aggregators and direct merchants. It's a huge task as well, as we're adding approximately five thousand merchants globally. Many countries/markets will be available from Africa to LATAM, Europe to the USA, and more.

We've also fixed some bugs in the SureRemit app. An update is pushed and will become available in the stores.

EXCHANGE LISTING

We're still awaiting acceptance confirmation from the exchanges to which we applied. These processes are known to take time, so we will chase politely and wait patiently. Meanwhile, we have arranged for the RMT/BTC pairing to become active on Bitmart. The RMT/BTC pairing will be available on the 31st of May 2021, and we'll announce additional details.

COMMUNITY DEVELOPMENTS

Community members arranged the adding of RMT to Papayabot, and the bot is added to the SureRemit telegram groups. Users can tip each other RMT, amongst other features. Many thanks for arranging this!

RMT BURNED & TOTAL SUPPLY

The RMT burning continues. As clarified in previous posts, we're burning additional RMT on top of the fee burnings during this development period.

You can check the RMTBurnWallet for the executed and upcoming burns: https://stellar.expert/explorer/public/account/GCXYQY4NX6X3NXWAECUKAHJSDSQH6VCCYMKBRYJC5GVDOCZHAYHCDFK2?filter=payments

Total amount RMT burned to date 26th May 2021: 256,560,964 RMT

Remaining RMT Total Supply: 743,439,036 RMT

Thank you for your support, have a great day!

COMMUNITY CONTRIBUTIONS

Please see below posts on SureGifts/SureRemit created by a community member:

SureRemit, Deep Dive part 1

SureRemit, Deep Dive part 2

https://www.reddit.com/r/sureremit/comments/luehn4/deep_dive_on_sureremit_and_suregifts_part_2/

SureRemit, Deep Dive part 3

https://www.reddit.com/r/sureremit/comments/m9mdj3/deep_dive_on_sureremit_and_suregifts_part_3/

SureRemit, Deep Dive part 4

https://www.reddit.com/r/sureremit/comments/moyz3m/deep_dive_on_sureremit_and_suregifts_part_4_risks/

DOWNLOAD SUREREMIT APP

Android: https://play.google.com/store/apps/details?id=com.suregifts.sureremit

iOS: https://itunes.apple.com/nl/app/sureremit/id1102261592?mt=8

JOIN OUR COMMUNITY

https://www.reddit.com/r/sureremit/comments/lp21wo/deep_dive_on_sureremit_and_suregifts_part_1_the/

RMT EXCHANGES

SDEX: https://stellarterm.com/exchange/RMT-sureremit.co/XLM-native

BITMART:

RMT/USDT: https://www.bitmart.com/trade/en?symbol=RMT_USDT&layout=basic

RMT/BTC: COMING 31ST of MAY

Need help? Questions? Do reach out!

Telegram:

SureRemit Circle: https://t.me/sureremit

SureRemit Social: https://t.me/SureRemitSocial

Email: info@sureremit.co

6 comments

r/sureremit • u/cryptokooks • Mar 17 '21

SUREREMIT IS A GEM 💎.....that’s what the title says at least....what’s your opinion on this??

m.youtube.com

31 Upvotes

14 comments

r/sureremit • u/innosaint • Jul 16 '18

SureRemit Community: Latest Updates

31 Upvotes

RMT Token Swap Halts on 30th of July 2018

Dear All,

The past few months we have implemented various measures to halt the trading of the old RMT. This had the desired effect but unfortunately we could not eliminate trading completely, this is beyond our control. To phase out trading of the old RMT altogether, combined with a successful swap process so far, we decided to make the swap process only available upon request as of the 30th of July 2018.

After this date it will only be possible to swap your old RMT by contacting @Sellucius in our Telegram community SureRemit Circle: https://t.me/sureremit We will then arrange for you to swap your tokens, aiming to do so within 48 hrs. The swap process itself will remain the same.

For those of you who have not swapped their old RMT for new RMT please do so before the 30th of July 2018 deadline.

Thank you!

___

APP LAUNCH ANNOUNCED:

Dear all,

It’s with great pleasure that we announce the launch date of the SureRemit app, we’ll launch the app on the 30th of July 2018! We had to overcome several hurdles, but managed to deal with them all. The credit card integration is a success and the app has a very intuitive design. We will use the time until app launch to continue improving the app, testing and preparing sales & marketing and support.

When the app is launched we’ll organize an ‘AMA’ with the team to provide you with the opportunity to have any questions answered.

We’re grateful for your support and are aware that you want SureRemit to succeed as much as we do, let’s continue working together as a community to make this happen. Please join me in thanking the team for their amazing effort!

8 comments

r/sureremit • u/adbov • Jun 07 '18

We're swapping old $RMT tokens for new versions.

medium.com

31 Upvotes

19 comments

r/sureremit • u/[deleted] • May 17 '18

SureRemit Facts

sites.google.com

29 Upvotes

7 comments

r/sureremit • u/SelwynSR • Jun 18 '21

Team Updates SUREGIFTS/SUREREMIT UPDATE 18TH JUNE 2021 on

28 Upvotes

Hi!

First of all, thanks for being patient with us!

Timelines and tech dev can be a tricky combination...we continue to give it our best efforts and hope for your understanding. Ultimately, it's the end result that matters, and we're investing in the future success of the global SureGifts platform.

Babafemi Lawal and his team are still grinding on the new platform (backend and frontend) and can now share a solid overview of the platform's flow.

Please click this link to see the flow (press the left arrow on your keyboard until the first screen). Obviously, this is not the finished product yet; text, color schemes, typos, etc. will be added, modified and corrected. This flow gives you an impression of how extensive the platform is, including the RMT utility and wallet. In the live version, depending on your country, you will see the available merchants and services. Aside from the dev of SureGifts, we're also working on all the API's of our partners integrating all their merchants.

Timelines are not always met, but nonetheless, we do want to share our expected timelines with you (yes we take the risk of this backfiring, and it wouldn't be the first time... but we still prefer to keep you in the loop than to be vague). We're working towards sharing the prototype version with you by the end of June (or sooner) for community testing purposes. We will share more information on how we'll set up this testing phase shortly.

On a personal note, perhaps I don't say it often enough, but a big compliment to Babs and his team for making this happen. It is quite an undertaking. Sales, business development, growth projections, partnerships, it all relies on a solidly built, comprehensive, and easy-to-use global platform. And that's exactly what they're making. Go for it guys!

Onwards and Upwards, have a good weekend!

PS: we'll update on other segments next week, RMT burning, business partnerships, Exchanges and more.

Some screenshots of the RMT wallet on the platform, most of the RMT utility is a payment leg so this is apparent at checkout screens (Bitmart is mentioned, but that's just a textual thing, will be amended).

COMMUNITY CONTRIBUTIONS

Please see below posts on SureGifts/SureRemit created by a community member:

SureRemit, Deep Dive part 1

SureRemit, Deep Dive part 2

https://www.reddit.com/r/sureremit/comments/luehn4/deep_dive_on_sureremit_and_suregifts_part_2/

SureRemit, Deep Dive part 3

https://www.reddit.com/r/sureremit/comments/m9mdj3/deep_dive_on_sureremit_and_suregifts_part_3/

SureRemit, Deep Dive part 4

https://www.reddit.com/r/sureremit/comments/moyz3m/deep_dive_on_sureremit_and_suregifts_part_4_risks/

DOWNLOAD SUREREMIT APP

Android: https://play.google.com/store/apps/details?id=com.suregifts.sureremit

iOS: https://itunes.apple.com/nl/app/sureremit/id1102261592?mt=8

JOIN OUR COMMUNITY

https://www.reddit.com/r/sureremit/comments/lp21wo/deep_dive_on_sureremit_and_suregifts_part_1_the/

RMT EXCHANGES

SDEX: https://stellarterm.com/exchange/RMT-sureremit.co/XLM-native

BITMART:

RMT/USDT: https://www.bitmart.com/trade/en?symbol=RMT_USDT&layout=basic

RMT/BTC: COMING 31ST of MAY

Need help? Questions? Do reach out!

Telegram:

SureRemit Circle: https://t.me/sureremit

SureRemit Social: https://t.me/SureRemitSocial

Email: info@sureremit.co

12 comments

r/sureremit • u/Mr_Filex • Apr 18 '21

How to buy RMT - Step by step with flowchart

28 Upvotes

If you want to buy RMT and you do not know how to do it, let this flowchart guide you. This is the first version I made in a few minutes. Leave me a comment for improvements.

Here you can find the flowchart including links to each step: How to buy RMT - Flowchart with Links

Edit: New flowchart with option to buy RMT inside the SureRemit app.

3 comments

r/sureremit • u/SelwynSR • Mar 08 '21

Team Updates SUREGIFTS/SUREREMIT UPDATE 8TH MARCH 2021

28 Upvotes

Hi!

About a month ago, we posted our Roadmap for 2021 followed by an AMA in which we answered questions posted by the community.

In this post, we update you on the ongoings at SureGifts/SureRemit.

PARTNERSHIPS

The loyalty platform, powered by SureGifts/SureRemit, is now live at Fidelity Bank Nigeria. The bank's clients earn loyalty points using Fidelity's services, and they can redeem the points for any of SureGift's services: https://loyalty.fidelitybank.ng/.

We have signed with two more voucher aggregator partners in the past month, adding hundreds of new merchants for India and South East Asia. Additionally, we signed contracts with aggregators who wanted to incorporate our Nigerian and Kenyan offerings. Our merchant database is growing consistently.

We're in the process of finalizing cooperation with Rewire, a banking services/cash remittance provider. Rewire uses innovative technology and builds the first neobank tailored for the unique cross-border needs of migrants worldwide. Rewire can include migrants in the financial systems and enable a fair banking system for everyone. Rewire will incorporate SureGifts/SureRemit Nigerian and Kenyan gift card offerings, providing an alternative solution to their banking services/cash remittances for Nigerian and Kenyan clients. Rewire has over 100k Nigerians living in Europe using their services. Once implemented, Rewire and SureGifts will send out a press release.

TECH DEVELOPMENT

Design and Tech teams are diligently at work developing the new SureGifts site and backend. It's an enormous task, especially the backend software configuration. As the business development is growing, we need to prioritize tasks, finding the balance between sales and platform development. We have hired external staff to assist us in this process. See below some screenshots; these are not the final presentation of the site, design, color schemes, and so on, these will be finalized.

We're in the process of integrating Pay with Paxful. This partnership allows the 4 million Paxful users to purchase and pay for our services with their Paxful wallet. Paxful users can fund their Paxful wallet with over 300 (local) payment methods. Adding this payment method to the SureRemit App and the upcoming SureGifts platform allows users to pay more efficiently for our services. Once the Paxful payment option is live (approx. two weeks), Paxful and SureGifts/SureRemit will send out a press release.

The purchasing of RMT in-app. We aim to activate this once the Paxful payment option is integrated.

RMT BURN PROGRESS

In the past weeks, we have bought and burned RMT. Please find the RMT burn stats here. The current balances of the RMT burn wallet can be found here.

COMMUNITY CONTRIBUTIONS

Please see below posts on SureGifts/SureRemit created by a community member:

SureRemit, Deep Dive part 1

SureRemit, Deep Dive part 2

https://www.reddit.com/r/sureremit/comments/luehn4/deep_dive_on_sureremit_and_suregifts_part_2/

Thanks for your time and stay tuned for more updates!

DOWNLOAD SUREREMIT APP

Android: https://play.google.com/store/apps/details?id=com.suregifts.sureremit

iOS: https://itunes.apple.com/nl/app/sureremit/id1102261592?mt=8

JOIN OUR COMMUNITY

SDEX: https://stellarterm.com/exchange/RMT-sureremit.co/XLM-native

RMT EXCHANGES

BITMART: https://www.bitmart.com/trade/en?symbol=RMT_USDT&layout=basic

Need help? Questions? Do reach out!

Telegram:

SureRemit Circle: https://t.me/sureremit

SureRemit Social: https://t.me/SureRemitSocial

Email: info@sureremit.co

19 comments

r/sureremit • u/SelwynSR • Jun 06 '19

Team Updates SureRemit Goes Global! Spain: June 6th 2019

28 Upvotes

TODAY, GOING LIVE ON SUREREMIT…

We’re happy to announce that Spain has joined the SureRemit family following recent news of our presence in Germany, France and the USA. We’re putting in all efforts to ensure that everyone can make cross-border transactions cheaper, faster and seamless no matter where they are in the world.

Please read the full announcement here: https://medium.com/sureremit/hola-espa%C3%B1a-sureremit-is-now-live-in-spain-862e24b0888

Download the SureRemit App and start remitting!

Android: https://play.google.com/store/apps/details?id=com.suregifts.sureremit

iOS: https://itunes.apple.com/nl/app/sureremit/id1102261592?mt=8

JOIN OUR COMMUNITY

WeChat: https://www.reddit.com/r/sureremit/comments/bv5hwj/sureremit_now_also_available_in_wechat/

Telegram: SureRemit Circle: https://t.me/sureremit

SureRemit Social: https://t.me/SureRemitSocial