Please describe your proposed solution.
Each year multi-billions of dollars are sent by migrant workers to their home countries. However, the cost of sending these inflows of funds continue to be a challenge in proving sustainable flow of funds. It is desirable that an efficient system or tool that promotes smart and stable remittances growth be explored.
360 Crypto Remittance Token is a remedy to the high transactional costs of transferring foreign funds to home countries. The 360 Crypto Remittance Token allows users to instantly send crypto as remittances to any person across the globe.
360 Crypto Remittance Token solutions provides the cheapest way of sending remittances than any remittance business network. Users of 360 Crypto Remittance Token will be able to buy the token at a lower cost and send to people across the globe. Users who buy a 360 Crypto Remittance token will be able to buy the token in any part across the world at a low rate and store them within their wallet or send the token to their home countries recipient wallets. People who receive 360 Crypto Remittance Tokens will be able to store the tokens in their wallets and transfer the funds to their bank accounts. This enables both the sender and recipient of the 360 Crypto Remittance Token to effectively reduce international transfer charges and recipients of remittances can instantly receive funds within their wallets. The 360 Crypto Remittance Token tend to provide convenience, security and non-disclosure of identity to both the sender and recipient of the token.
360 Crypto Remittance Token is being created to enable migrants in foreign countries store remittance funds in a save haven. The remittance funds stored can be saved within the 360 Crypto Remittance Token. Furthermore, the 360 Crypto Remittance Token can be sent daily, weekly, monthly, yearly or any point in time at all at an affordable cheapest cost. The 360 Crypto Remittance token has been created in a way to enable holders to easily exchange the token into other tokens within the Cardano/ Ethereum blockchain and send funds from other digital assets on the Ethereum blockchain as remittances.
In some countries where migrants find themselves, there are restrictions of capital around the country which tends to make to it challenging to migrants to engage in sustainable economic activities and sending of remittances . The 360 Crypto Remittance Token created will enable migrants to have a secure hub to save their funds and avoid threats of thefts and fraud. With this token, holders will be able to pay and receive funds and migrants can also use their stored funds to provide loans to other migrants and businesses.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
The 360 Crypto Remittance Token had been developed to achieve maximum value for their investment income at lowest transactional costs so the more users buy, the more it is able to reduce the cost of transferring remittances to the cryptocurrency networks. It will benefit the ecosystem in terms of growth. More people will be drawn to Cardano to develop their projects since they know they can work and reduce their transfer of funds costs to business partners and close relations.
How do you intend to measure the success of your project?
First, we shall be able to measure the success of our project if we complete the whole project and launch on various networks. Also, as the market cap of the token grows, we shall be able to tell how fruitful the project has been. Furthermore, as we are able to get the crypto blockchains to mitigate their carbon footprints.
The tokens innovation will help the Cardano blockchain to reduce its carbon footprints in both the short and long term
Please describe your plans to share the outputs and results of your project?
The impacts of the projects will be shared with the general public. We intend to share opportunities with the members of the Cardano ecosystem. We will be glad if we can even get to partner with the Cardano team to develop this token. We shall utilize the results of the project to improve the outcome of the token.