Redeem (RDM)

Redeem (RDM) is rated 3 out of 5 in the category banking. Read and write reviews about Redeem (RDM). What we do Redeem (RDM) is a (physically located) gold standard retail banking system and blockchain that uses pre-existing international metal vendors as agents to convert digital assets into physical assets such as precious metals/ fiat currencies/24k products. RDM aims to provide the same global presence as juggernauts such as Citigroup and McDonalds and create the first truly physical retail blockchain presence in the marketplace. In order to re-implement a gold standard financial system, via RDM online and retail spaces - digital assets can be bought, sold and exchanged for physical assets such as 10 x precious metals/fiat currencies/ 24k precious metal products. All precious metal tokens are 100% backed at all times by audited and stored precious metals. RDM is the fiscally responsible gateway to the marketplace/with physical locations providing both non-blockchain users and existing digital users physical entry and exit points to/from the marketplace. What problems do we solve? Stability. By pegging the prices of our tokens to external values we will be creating multiple stable tokens for consumers to use for risk mitigation and stability in times of volatility. Liquidity. By providing the opportunity to turn digital assets into physical assets and vice versa we allow consumers the ability to access their funds instantly through either digital or traditional methods. How does it work? Two interlinked types of tokens have been created to facilitate economic and financially viable trading - RDM Utility tokens and 10 x RDM Commodity Tokens. 1. Utility Token RDM Utility Tokens act as a buy in for investors. Utility Tokens provide a dual purpose: Acts as (i) a floating representation of the market value of the entity that is Redeem. Acts as (ii) the primary mechanism to trade commodities in digital and physical forms 2. RDM Precious Metal Tokens Once a RDM Commodity is purchased, customers can buy, sell, trade and exchange RDM precious metals. Holders of RDM Commodity tokens will need to hold at least one utility token to redeem or transfer their commodity backed token.