What is a Reality Token (RLT)?
A Reality Token (RLT) is an ERC-20 compliant stablecoin used as a medium of value exchange for payments and royalty distribution among the actors on the Platform.
What is a Non-Fungible token?
A Non-Fungible token represents the unity of each asset and project registered in the ledger; and a subdivision of the NFT, the Reality Code Asset/Project Token (APT), which represents the unique composition of each NFT/asset, clearly mapping and defining its ownership and associated business rules.
How does Reality Token (RLT) wallet work?
The Reality Token wallet, although independent from the Reality Code Platform, it works only with Reality Tokens (RLT). Regardless, it works just like any other cryptocurrency wallet storing a private and a public key to enable users to buy, send, receive, cash out and monitor balance of RLTs.
What is a Stable Coin?
Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. In Reality Code Platform’s case given the initial permissioned and private nature of the platform, the RLT will be a stable token, and will be pegged in value to the US dollar.