RigoBlock — a serverless decentralized application that uses the Ethereum blockchain and is an example of one of the targeted use cases for Ethereum for mass product distribution.
Contents:
- A brief description of the dapp of the RigoBlock application
- Why is it worth using this blockchain project?
A brief description of the dapp of the RigoBlock application
RigoBlock — a blockchain protocol for decentralized asset management. It is a generic standard, created and deployed on the public Ethereum blockchain and ported across multiple blockchains, making it easy to build and manage complex applications. The RigoBlock protocol offers new types of incentives, pooling interests through a Proof-of-Performance algorithm, eliminating traditional management and performance costs.
Distinctive features of the platform:
| Rigo Block Registry | The ledger is similar in nature to ENS (Ethereum Name Service) and allows asset management companies to register funds on the chain as well as be able to interact with their funds. |
| Exchange on the exchanger | Users can place trades on ETH / USD for both long and short term so that traders can profit if the price rises, not only buying, but also selling. |
| Assets component | The first component of the Proof of Performance reward is the size of the token pool. The number of new GRG tokens for the token pool manager is proportional to its assets. |
RigoBlock solves the high cost of setting up and managing an investment fund and allows anyone to create their own fund in real time literally.
Why is it worth using this blockchain project?
With Rigo Block, no one but the users has access to their own funds as the ownership of the assets is verified by the blockchain in real time. Rigo Block Drago is a platform for anyone who starts their own foundation for free. Rigo Block does not act as a fund manager, it provides technology to enable everyone to trade on par with major hedge funds.
Participants receive GRG, based on the value and performance of a specific pool of tokens. This allows token pools to be used without paying for an alternative and fairer reward mechanism.
White Paper and RoadMap are not available on the site. From social networks, the community leads:
You can subscribe to pages in social networks to find out the latest news of the project. This project is in beta, so there is no information about the availability of an audit of a smart contract at the moment.