Realio is a digital issuance, investment, and p2p trading platform that employs a proprietary distributed ledger network. It brings the functionalities of a tech platform provider and fund management under one umbrella. The objective is to offer a one-stop solution for global real estate trade.
The Realio Network
The Realio Network is a two-layer network system.
For asset tokenization, Realio utilizes public blockchains and treats them as layer-1. It supports Algorand, Ethereum, Stellar, Binance Chain, Fusion, and Ravencoin.
Realio maintains standardizations, tech specifications, and customized control across these multiple blockchains through a proprietary protocol. This protocol resides at Realio’s layer-2 called Realio Issuance Network (RIN).
The theme of the article is to discuss the Realio Issuance Network and Multi-chain Assets in detail.
Realio Issuance Network
As mentioned, Realio is an interoperable ecosystem allowing asset tokens created on the platform (layer-2) to be hosted on several layer-1 blockchains. For every asset, there is a user-controlled, chain-agnostic issuance account. These accounts provide the bridge between multiple chains, maintaining a parallel, immutable smart tracking ledger that grants additional compliance controls for digital securities. This is how interoperability is achieved across chains.
The cross-chain bridge neither requires custodians nor locks nor wraps tokens in smart contracts, thus eliminating the lost collateral risks.
Therefore, the Realio Issuance Network offers three significant benefits –
- Full Control over Asset – The RIN, such designed, offers total control of the chain interoperability. This means there is no need for any third-party custodians or swap services in the process. Thus, for every asset, asset holders retain their rights to choose needed features and swap across blockchains – a true Multi-Chain functionality.
- Compliance Controls – As per the security regulations enforced, token issuers can apply customized compliance control such as restrictions to authorized investors or obligatory holding periods to these Multi-Chain assets. Thereafter, RIN populates all whitelists across every supported chain. The compliance control protocol is developed with Hyperledger Fabric.
- Cross-chain Ownership Tracking – RIN’s Multi-Chain assets offer easy tracking of ownership across chains and more. This includes managing cap-tables, addressing cross-border compliance matters like the FATF travel rule, or providing extensive control over AML measures. It also simultaneously gives asset holders added privacy opportunities by cross-chain obfuscation.
The Role of RIO and MCA
RIO is Realio Network’s native utility token, which also functions as the network gas or currency. The token is utilized for fee payments for different activities, including asset tokenization, exchange listing, discounts, trading, staking, etc.
RIO token is launched as the first Multi-Chain asset. For now, it is available on the Algorand, Ethereum, and Stellar networks.
Following are the links to the official RIO asset on individual blockchain’s block explorer:
- RIO on Algorand – Total Supply is 100,000,000 RIO.
- RIO on Ethereum – Total Supply is 92,762,512 RIO.
- RIO on Stellar – Total supply is 96,381,248 RIO.
Realio records RIO’s total supply across all chains constantly and publicly report the value through its API feed .
How does MCA function in Realio Network?
Once an asset (RIO) gets created on the Realio Network, all supported blockchain (Algorand, Stellar, etc.) at layer-1 of RIN can also replicate it parallelly in their respective networks. One can check this from the RIO asset links.
The Realio Network links and manages all issuance accounts for assets on each layer-1 chain. This enables the networks to track all asset minting, burning, and cross-chain swapping over a single ledger. This Realio Network ledger (RIN) keeps track of total asset supply and every transaction across all layer-1 networks.
The RIO supply is spread across different chains. Therefore, each such blockchain network has its own Asset Issuance and Distribution Accounts. However, each chain follows its own novel way of creating and distributing assets.
For example, the Realio Network can directly sign transactions for both Stellar Issuance Account and Distribution Account. The Stellar Issuance Account, on the other hand, can also create tokens for distribution meant for the Distribution Account. Finally, the Distribution Account will issue tokens that can be saved in user wallets.
Creating a Realio wallet for each layer-1 network (blockchains) automatically generates user accounts on the Realio Network and forms an interoperability bridge between them. After token issuance, cross-chain swaps operate seamlessly.
Realio wallet UI enables asset holders to submit a swap request to the Realio network. Once performed, the asset levels itself across blockchains.
Cross-chain swap opens up the possibility for adapting to the best each chain has to offer. While the Uniswap and DeFi community in Ethereum is vast, along with comprehensive ERC-20 support, the transaction is costly. On the other hand, Algorand and Stellar offer nominal transaction fees. While Stellar’s SDEX order book is globally shared, the Algorand network is witnessing a steadily growing DeFi ecosystem and DEX.
Uniswap Pairs for Realio Tokens
The Uniswap pools to be created will be –
- RIO-ETH UNI-V2
- rUSD-ETH UNI-V2
- rUSD-RIO UNI-V2
RIO-ETH pool is the first one in line to be created.
RIO Market Maker Rewards
The RIO-ETH token pair will enable Liquidity Provider on Uniswap to offer liquidity and earn yield. Also, this will grant users to directly stake their LP tokens on the Realio platform to partake in market maker (MM) rewards obtained in RIO.
This LP token staking on Realio is made on the MasterChef contract’s fork used on SushiSwap. Realio does not have any near term plan to migrate liquidity away from Uniswap.
Realio will mint the MM Rewards in the new RIO and distribute it to the Liquidity Providers pro rata. The Uniswap-based RIO reward distribution is set at 5 RIOs per block, with a supplementary reward of 100 RIOs per block for the first 100,000 blocks. The base block reward will get reduced by half every year.
In spite of the increment over the earlier communicated MM reward distribution model, the maximum RIO token supply will be intact at 100,000,000. Also, the current node staking reward schedule will also remain the same.
Realio’s endgame is to bring global compliance and untapped funds to the real estate industry. Realio has built a powerful integrated one-stop solution across blockchains to bring investors liquidity and security for large-scale investment.
The swift realization of RIO as the Multi-Chain asset across the Algorand, Ethereum, and Stellar showcases Realio’s commitment to its promise of building a user-friendly global real estate trading platform. This will clearly attract individual as well as institutional users and tune them for future Realio updates.