<p>The IDRT (ERC-20) smart contract security has been tested and is certified by Certik. You can check it at <a class="notion-link-token" href="http://rupiahtoken.com/" target="_blank" rel="noopener noreferrer" data-token-index="1" data-reactroot="">rupiahtoken.com</a></p>

How do I believe in the security of IDRT's Smart Contract?

<p>Rupiah Token is not a coin, thus can not be mined. Rupiah Token can be minted and burned on other blockchain platforms.</p>

Can Rupiah Token be Mined?

<p>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.</p>

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

<p><strong>No, it can not</strong>. Holding Rupiah Token in the wallet does not yield interest.<br /><br /></p>
<p>However, Rupiah Tokens may be used on the DeFi or Staking application to get interest or profit sharing.<br /><br /></p>
<p>Rupiah Token can also be used to buy and sell cryptocurrency on crypto-exchange and you may get profit margin from the ups and downs of the cryptocurrency price.</p>

Can IDRT be used for investment?

<p>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.</p>

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?

<ul>
<li>Released in 2019, Rupiah Token (IDRT) is the first Rupiah stablecoin which is backed 1: 1 by the Indonesian Rupiah. IDRT offers the price-stability, where each IDRT token is worth 1 Rupiah.</li>
<li>IDRT is created using blockchain technology. By using IDRT, you can make a financial transaction become faster, cheaper, transparent, and borderless.</li>
<li>IDRT was issued by PT Rupiah Token Indonesia, a blockchain technology company supported by VC with its corporate entity registered in Jakarta, Indonesia.</li>
<li>IDRT runs on three different blockchains: Ethereum chain (ERC-20 token), Binance Chain (BEP-2 token), and Luniverse Chain</li>
</ul>

What is Rupiah Token (IDRT)?

<p>Stablecoin is a type of cryptocurrency that attempts to offer price stability. Stablecoin is backed by a reserve asset.<br /><br /></p>
<p>Examples of Stablecoin:</p>
<ul>
<li>USDT (Tether) - price is equivalent to 1 USD</li>
<li>DGX (Digix) - price is equivalent to 1 gram of gold</li>
<li>IDRT (Token Rupiah) - price is equivalent to 1 IDR</li>
</ul>

What is Stablecoin?

<h4>Blockchain</h4><ul><li><strong>IDRT :</strong> Ethereum (ERC-20 token)</li><li><strong>IDRTB : </strong>Binance Chain (BEP-2 Token)</li></ul><h4>Value</h4><ul><li><strong>IDRT :</strong> 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><strong>IDRT B :</strong> Same with IDRT</li></ul><h4>Token Suply Management</h4><ul><li><strong>IDRT :</strong> 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><strong>IDRT B : </strong>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><strong>IDRT :</strong> 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><strong>IDRT B : </strong>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><strong>IDRT :</strong> 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><strong>IDRT B : </strong>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><strong>IDRT :</strong> All ERC-20 compatible wallets, such as Metamask / Trust Wallet / Ledger Nano (combined with My Ether Wallet)</li><li><strong>IDRT B : </strong>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>

Topic > Dasar Rupiah Token

Dasar Rupiah Token

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