IDRT to IDR withdrawal fee is IDR 0.5% + bank transfer fee IDR 6500 (if any)

What is the fee to redeem my IDRT to IDR?

You can withdraw your Rupiah Token after verifying your identity (KYC) and register your bank account. 
Step 1 - Select the withdrawal token menu on the <a href="http://rupiahtoken.com">rupiahtoken.com</a> dashboard, then select the token that you want to withdraw 
Step 2 - Deposit your IDRT to the redemption wallet provided 
Step 3 - Fill the amount you want to withdraw and select a verified bank account 
Step 4 - Click "Confirm"

How do I withdraw the IDRT that I have on rupiahtoken.com?

For individual account, you will need:
<ul>
<li>Full name, Address, Place, and date of birth, Email, Mobile Phone Number</li>
<li>ID card number OR Passport:
<ul>
<li>Number of ID card</li>
<li>Photos as follows: Both sides of ID card or driver license, or If you would like to provide with your passport, please attach information page only and Selfie with ID card, driver license or passport information page</li>
</ul>
</li>
<li>Occupation</li>
<li>Source of funds</li>
<li>Purpose of using funds</li>
<li>ID card photo</li>
<li>Bank Account Info:
<ul>
<li>Bank name,</li>
<li>Bank Account,</li>
<li>Account Number, and</li>
<li>Account Name </li>
</ul>
</li>
</ul>
For corporate account, you will need:
On our website, we will need
<ul>
<li>the name of PIC,</li>
<li>name of the company,</li>
<li>email,</li>
<li>phone number, and</li>
<li>company type (crypto exchange, fintech, wallet provider, blockchain company, mining, others).</li>
</ul>
We will contact the PIC for further registration process.

Documents Required for Verification Process

We have a special bank account dedicated to deposit the fiat Rupiah reserves in our local bank account in Indonesia. In order to create trust and accountability in our operations, IDRT is also audited by third-party accountants to conduct monthly audits of our bank accounts and IDRT tokens in circulation. This audit report is published on our official website. The report includes the total amount of IDRT, IDRTB, and IDRTL in circulation.

Where are the Rupiah Token backing reserves stored? What is the proof?

No, it can not. As guaranteed on Rupiah Token web, 1 IDRT will always worth 1 Rupiah, like an e-wallet, but stands on the blockchain.

Can the price of Rupiah Tokens go up?

<ol>
<li>Crypto Global Trade Liquidity:
<ul>
<li>The liquidity of the Indonesian fiat-crypto exchange is still relatively small compared to the liquidity on the global-scale crypto-exchanges. Launching stablecoin such as IDRT on the crypto-exchange can act as an on / off ramp solution for users (to bridge the world of fiat-crypto and vice versa).</li>
</ul>
</li>
<li>Global Wage Payments:
<ul>
<li>Indonesian workers (i.e. freelance workers) who work remotely (remotely) can receive their payments from overseas companies in real-time and at lower costs using IDRT.</li>
</ul>
</li>
<li>Global Donations:
<ul>
<li>IDRT can help organizations open themselves to the global citizens and donors by accepting and withdrawing IDRT for donation campaign needs</li>
</ul>
</li>
<li>DeFi / Decentralized finance:
<ul>
<li>IDRT allows use for DeFi and Staking. DeFi and Staking facilitate global lending / borrowing.</li>
</ul>
</li>
</ol>

What are the IDRT use cases?

<h4>Blockchain</h4><ul><li>IDRT : Ethereum (ERC-20 token)</li><li>IDRTB : Binance Chain (BEP-2 Token)</li></ul><h4>Value</h4><ul><li>IDRT : Rupiah Token price is intended to mimic the value of Indonesian Rupiah. PT Rupiah Token Indonesia might collaborate with third-party market makers or independent traders in cryptocurrency exchanges to help ensure IDRT price mimics the Indonesian Rupiah</li><li>IDRT B : Same with IDRT</li></ul><h4>Token Suply Management</h4><ul><li>IDRT : Our CertiK-verified smart contract allows us to mint and burn IDRT. Through minting and burning, we maintain the IDRT price to mimic Indonesian Rupiah fiat, the process is as follows: 1). We mint new IDRT by depositing Rupiah into Bank account. The more customers Purchase IDRT, the more IDRT will be in circulation 2). We burn IDRT when customers sell their IDRT back to Rupiah. The more customers sell IDRT, the fewer IDRT will be in circulation</li><li>IDRT B : Due to the way the Binance Chain is structured, we cannot frequently mint and burn IDRTB. Instead, we used Freeze / Unfreeze mechanism, thus the process is as follows: 1). We minted max supply (90 billion) of IDRTB, which we transferred into a secure Treasury Wallet. Then, we froze all 90 billion IDRTB tokens. Frozen IDRTB on the Treasury Wallet are not in circulation, while the unfrozen IDRTB will be available on the circulation. 2). To introduce IDRTB into circulation, we add Rupiah to bank reserve, and unfreeze equivalent amount of IDRTB from Treasury Wallet. 3).To remove IDRTB from circulation, we remove Rupiah from bank reserve, and freeze equivalent IDRTB into Treasury Wallet.</li></ul><h4>Transaction cost (transfer between addresses)</h4><ul><li>IDRT : Just like all ERC-20 tokens, transferring IDRT requires gas in the form of ETH. Gas required varies depending on congestion on the Ethereum blockchain. A typical range is 0.0005 - 0.0010 ETH.</li><li>IDRT B : 0.000375 BNB (from <a href="https://docs.binance.org/trading-spec.html#fees" target="_blank" rel="noopener noreferrer" data-token-index="1" data-reactroot="">https://docs.binance.org/trading-spec.html#fees</a>)</li></ul><h4>Block Explorer Information</h4><ul><li>IDRT : See IDRT on Etherscan <a href="https://etherscan.io/token/0x998FFE1E43fAcffb941dc337dD0468d52bA5b48A" target="_blank" rel="noopener noreferrer" data-token-index="1" data-reactroot="">https://etherscan.io/token/0x998FFE1E43fAcffb941dc337dD0468d52bA5b48A</a></li><li>IDRT B : See IDRTB on Binance Chain Explorer <a href="https://explorer.binance.org/asset/IDRTB-178" target="_blank" rel="noopener noreferrer" data-token-index="1" data-reactroot="">https://explorer.binance.org/asset/IDRTB-178</a></li></ul><h4>Supported Wallets</h4><ul><li>IDRT : All ERC-20 compatible wallets, such as Metamask / Trust Wallet / Ledger Nano (combined with My Ether Wallet)</li><li>IDRT B : All BEP-2 compatible wallets (Trust Wallet, Ledger Nano, etc) Trust Wallet is a good option because it allows instant swapping to Binance DEX (and it supports IDRT too)</li></ul>

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