Rupiah Token

What is DRT and how Does It Work?

Traders are known to apply the use of IDRT (Rupiah Token) for the primary purpose of exchanging currency values, specifically the Indonesian Rupiah. This allows them to evaluate alterations in pricing. Drawing a parallel with other cryptocurrencies, the IDRT's worth is backed by physical elements, grounded in the Indonesian Rupiah. An analogue is DGX by Digix, underpinned by gold reserves in a 1:1 ratio, with every single DGX standing for a gram of gold. The modus operandi of DGX involves the Ethereum blockchain and the Proof of Provenance protocol, facilitating the public logging of gold acquisitions, storage, and audits. IDRT adopts a resembling model on the blockchain, counterbalanced with a direct reserve of Indonesian Rupiah funds. The token exists as an ERC20 entity on the Ethereum network as well as a BEP2 unit on the Binance Chain.

The initiative behind the Rupiah Token, which originated from a venture capital-supported startup based in Jakarta, focuses on enhancing the acceptance of the Indonesian Rupiah while transitioning towards a more inclusive financial system. Several platforms are known to support IDRT. To trade IDRT, funds need to be deposited into a Rupiah Token custodian bank, following which a corresponding count of IDRT is dispatched to your wallet address.

This initiative abides by the guidelines provided by the Indonesian Commodities Futures Trading Regulatory Authority (Bappepti) regulation 5/2019, which lay down the trading prerequisites for tokens. It works towards alignment with governmental bodies in Indonesia and future innovations. The overarching scheme for the Rupiah Token includes the idea of amplifying worldwide acceptance of the Indonesian Rupiah and hastening the shift to an inclusive and conventional financial system.

Commencing its operations in 2019 under the leadership of its CEO, Jeth Soetoyo, the Rupiah Token also aims to provide financial transaction offerings on an international level, heighten cross-border transactions, and attract global donations. In this context, a meetup event for traders was organized in Jakarta. The matter of discourse at the event orbited around "Crypto High-Frequency Trading," including formulating trading bot strategies for proficient token exchanges. Rupiah Token employs a cryptocurrency model with the objective to streamline the use of the Rupiah on the blockchain.

The Vision and Mission Behind DRT

DRT, or DomRaider Token, is a blockchain-based framework designed for international auctioning tasks. Its goal is to evolve the auction industry, streamlining operations, boosting user interaction, and enhancing wide-scale accessibility. Owing to Ethereum-based blockchain, DRT provides immediate bidding and decentralized functions. DRT uses smart contracts to automate and more effectively manage activities within the auction house sector. Its design also supports compatibility with other auction systems, easing the process of integration. Holders can use DRT tokens within the ecosystem for various purposes, like bidding or for payment of goods and services. DRT's token performance may vary and is influenced by various market conditions.

How to Buy and Store DRT?

To purchase DRT tokens, Flooz.xyz offers a streamlined process that serves as a one-stop solution for all your trading needs. With Flooz.xyz, you can buy DRT tokens using a smooth checkout, without the need to own a wallet. All payment methods are supported, making it convenient for traders to make their purchase. Additionally, Flooz.xyz provides a self-custodial web wallet, which allows for seamless DRT transactions. You can store, send, and receive DRT tokens effortlessly using the Flooz web wallet. Creating a self-custodial wallet on Flooz.xyz is quick and easy, requiring just your email, Google, or Apple ID. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz, ensuring that you have access to your funds at all times, thanks to the power of cryptography. Furthermore, Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your trades. Whether you are a new or experienced trader, Flooz.xyz is the ideal platform for buying DRT tokens.

DRT Metrics:

• Current price: $0⁴612

• Market cap: $17.83 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $311