World’s first non-fiat-oriented stability coin uses Chainlink Price Feeds for access to high quality, tamperproof price feeds.

London, United Kingdom–(Vehement Media. – February 12, 2022) –  In a groundbreaking development, the world’s first non-fiat oriented stability coin “Recast1” has now listed itself on Bittrex, one of the oldest crypto exchanges operating today. As evident, Bittrex empowers its users and gives them a wide variety of ways to protect their accounts by whitelisting IP addresses and withdrawal addresses. Recast1 has also partnered with Skynet, a hosting platform that makes it easy to join the decentralized internet movement.

                                       Recast1 Partners With Skynet

When contacted, Imran Tariq, CEO of Recast1, said,” Recast1 is different from other coins. While developing it, we looked at both regular fiat currencies and virtual currencies, and we noticed parallels in what gave each model its worth. In monetary terms, this value is represented by a guarantee backed by collateral, whereas in the crypto world, a coin’s value is derived partly from its ownership. In other words, virtual currencies retain their value because their owners cherish them.”

R1-Coin uses an exclusive Transfer Algorithm which offers incentives to users hourly to consolidate transfers. R1-Coin’s unlimited supply is able to maintain a constant value that is eventually capped by inflation thanks to its unique mechanism.

R1-Coin is designed in such a way that it can only be manufactured by transfers and stake users. No outside parties are allowed to interfere with the production process, and users have complete control over it. Because of its algorithmic structure, which changes every hour, R1-Coin is perfect for consumers who need to make daily transfers.

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About Recast1

Recast1 is a “non-fiat oriented stable coin” that is not pegged to global fiat currencies and strives to keep prices stable. To ensure price stability, it exploits fluctuations in the number of users, user transfers, staked users, and staked amounts.

Media Contact
Business Name : Recast1
Contact Person: Imran TARIQ
Country : UK


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