REAL8 is a new global CryptoCurrency created with the primary aim of endowing the less fortunate people in our society with the technological resources that will allow them to make use of some of the most important financial services in today’s world to improve their lives. We’re not trying to foster charity activities but rather promoting equal opportunity on a global scale.
REAL8 is loosely inspired on the Real de a Ocho, the first global reserve currency that became a reference point in world trade for over three centuries, and that in turn served as the basis for the currencies circulating in other nations at the time. Read more about the history of the Real de a Ocho here.
There are however many differences between that first global currency and this latest reincarnation. Apart from their composition (silver vs bytes), while the Real de a Ocho belonged primarily to the upper classes and benefited primarily the interests of governments, the REAL8 belongs to everybody and benefits primarily the interests of the underserved.
For example, while the “Quinto Real” was a 20% tax established in 1504 levied on the mining of precious metals, the REAL8 in 2018 taxes the mining of the cryptocurrency with a -12.5% (an Eighth), redirecting the proceeds to chosen projects at underfunded communities around the world.
Every project we fund needs to be approved by consensus by those involved in the development of REAL8, including founders, supporters, collaborators, and even those holding our cryptocurrency. Unfortunately there is no shortage of projects in need of funding, but we want to make sure that a majority agrees on what would be the best destination for the funds collected, in a completely transparent manner. Click here for a preliminary list of NPOs supported.
By using the Stellar Network REAL8 is able to promote global financial access, literacy, and inclusion at a fraction of what it costs using traditional financial services. The Stellar network, and by extension the REAL8 network, achieve these goals by expanding worldwide access to low-cost financial services through the development and maintenance of technology and partnerships.
To trade with REAL8 you will need to first acquire Lumens, which are the native asset of the Stellar Network, and provide the ability to move money around the world and to conduct transactions between different currencies quickly and securely.
Lumens are available for purchase on several CryptoCurrency exchanges, such as Kraken, Binance, Poloniex, or Bittrex. For a complete list click here. Once you have your Lumens you can trade them for REAL8 on StellarTerm, an Open-Source client that you can use for free to send, receive, and trade assets on the Stellar network.