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Rublix envisions a financial ecosystem built on blockchain technology, bringing to life the most trustworthy aggregate data, streamlined to our users. The Rublix Blockchain will be a trustless oracle for on-chain financial data, sourcing data from any marketplace, from multiple data streams, for investors, traders, market professionals and developers. Confidence between the end-user and data sources will increase, businesses and consumers will be assured with quality-controlled data, and end-users will have a simplified interface with a quick payment system.
Until now, the primitive nature of blockchain technology and the lack of on-chain resources have hindered complex blockchain innovation and has posed restrictions on the development of exciting and elaborate DApps. Many blockchain architectures suffer from a number of issues: extensibility, scalability and on-chain data availability. We believe these problems stem from the relationship between two very important parts of the consensus architecture - canonicality and validity - being too closely associated. Furthermore, the use of Oracles adds a centralized party to manage off-chain data which defeats the true purpose of blockchains' core functionality.
Rublix is proposing a trustless and decentralized blockchain that enables real-time market pricing data to be accessed on-chain while maintaining integrity by utilizing several data sources and a unique consensus agreement to determine accurate values. This gives traders, fund managers, investors and users of any kind the power to write smart contracts with the added ability of executing commands based on an underlying price of a stock, cryptocurrency, foreign exchange market, et al.
As a market data driven blockchain solution, the ERC20 token Rublix token (abbreviation RBLX) will be used as the value medium of Rublix system and the voting rights in the Rublix community. The total amount of RBLX tokens in creation is fixed as 100,000,000 and no extra offerings will be available in the future.
The voting rights regarding relevant issues such as the program code updates, elections and changes to the network parameters depends on the amount of RBLX tokens in relevant digital wallet addresses.
Token Status and Distribution
49% held by company reserved for team, partnerships, future capital raises, and reserve, 45% of all RBLX tokens were sold in a private sale; and 6% of RBLX tokens were sold in a public sale.