($EDGE) Warning! The Future of the Cloud Is Edge? Edge Crypto Project Review!

[Music] Street [Music] open welcome to underground crypto back again with another Deep dive for you we got R IO is the ticker IO is the name of this project um some people might be familiar with this as the niche is blowing up not investment advice eliminating barrier to invest in trade and leverage digital r or PE and other real world assets through defi so as you can see this is in the real world assets Niche people who recognize this coin and things I guess will definitely understand and where it sits in the I guess spectrum of categories in crypto currency looks like they are in the British Virgin Islands if you know then you know um Albert and J chains follow it whoever that is I know who J chains is I don't know who Albert is all right

seven hours ago now tokenization of real world asset or WRAS could be set to do for crypto what ETFs have done for stocks so um a lot of people see this being a huge Niche it makes sense it takes away the narrative from a lot of the very um skeptical people from the traditional Finance side of things who want to say all cryptocurrencies a bunch of made of money that has nothing behind it well with a real world asset or the tokenization of real things like stocks and bonds or real estate or anything that's real and tangible that you tokenized um they can't really say that anymore it's not all that different from stocks and other things so looks like they posted 7 hours ago March 28th we're just looking really for the frequency of their posting March 28th

27 25th 24th 21st so they're pretty active they've got 81.8 th000 followers now they just gained one more we're going to go ahead and follow them but yeah that's a lot of followers for sure um I don't know what the market cap of this is we're about to dive right over into coin gecko here it is hund and oh that's fully diluted valuation is 121 million very surprised to see that there is no market cap here so hm I wonder where a better place to look at the market cap would be let's look at coin market cap right that's what they do they should be able to tell us of course I like spelled it wrong or something like that that's typical me so it is number 1,9 in in the listings here do they have a market cap

for it that can't be right 14 million hold wa yeah 14 million market cap I wonder if that that's accurate I'm not a big fan of coin market cap honestly but for this um application we'll go ahead and use it all right guys so we've determined it's at least like 145 million in market cap let's pop back over to coin gecko let's check out the 24 hours everything in crypto's been just going sideways if not down here 7day it's down um this is what we consider to be a pullback in the Market if you're new to crypto speculating or just the ecosystems and the terms in the world of crypto in general you might not even know what a real world asset is that's okay it's why you came to this video right so we're going to check out

exchanges where you can buy this coin cuz if after this video you speculate on this coin and you think where could I get this coin this is where you see you go to coin gecko type in at the top the coin that you're looking for and then you scroll all the way down and it will show you the exchanges CeX is centralized exchange de is a de decentralized exchange so most of your centralized exchanges are going to have mobile app you know apps on your phone that you can download and and get access to these things your decentralized exchange you're going to need a wallet and you're probably going to need to hop on a web browser to do it I know some people do it on their phone I'm not that privy to it to be honest with

you I have several computers I just use a computer and a wallet all righty at this time of recording it is $221 and it seems like it's pulled back quite a bit on the 7-Day chart looks like we went all the way to $313 cents so in the last s days you're at a a bit of a pullback here um that looks nice I honestly am am looking to probably get into this coin but I don't hold any of it at this time obviously I'm not a financial advisor nothing I do or say should be taken as Financial advice and also I have not taken um or communicated I haven't taken any money or communicated with any any of these teams or any of that kind of stuff I'm reviewing this purely because that's what we do here at

underground crypto all right so we're over here on their website REO is the name of the project this is the future of private Equity the future of private Equity is digital we are eliminating the barriers to invest in trade and leverage exclusive real estate private equities and other real world assets through decentralized Finance AKA Defi and then it says get started Q4 technical updates let's get rid of this cookie thing we don't need they've got Bloomberg coindesk rooters Business Insider all writing articles about aboutum I'm assuming entrepreneur fintech so they're getting a little bit of press REO press releases again just kind of redundant there these are different press releases that they've had we're not going to really go into that you can sign up with them and I guess they will send you all kinds of information um

and then you're at the bottom of the website that was fast I guess let's hit get started and see what happens so if you click get started it brings you to a place to sign up not going to do that right now I really want to find some more information on this let's go to products go all right says and this is um districts it says Earth digital twin districts is a virtual world mirroring Earth where individuals creatively meet where individual creativity meets Collective Innovation we offer a decentralized platform where everyone can buy build and earn and then I guess this is not quite out yet so you can join a weit list seems pretty interesting also looks pretty cool open source virtual world for Creative per professionals do wonder what that means to be honest with you districts

offer a groundbreaking canvas where you can build a dynamic portfolio of innovative designs join a vibrant Hub of for Creative professionals where the lines between physical and virtual spaces will blur does kind of wonder what what they're getting at here so far I've understood this as a real world asset kind of tokenization coin with equity and real estate um and now they're talking about creative professionals not sure what a creative professional is to them but um it looks very much like a metaverse kind of thing uh get ready for districts explore the potential of architecture and real estate in Virtual Worlds and our ebook understand its business impact investment prospects and driving technology so it makes you wonder are they just re um are they making digital things that already exist or they just going to make up their

own virtual world with all these extravagant houses like this one here on this mock um cover of a book which I'm assuming that house does not really exist but in their districts in their virtual world will that you know something like that exist that would be kind of cool everything is possible that is the end of this so they have a product called districts let's see what other products they have of course Network so learn about the networks or the network Alpha launch 10 things to know about reio network reio network staking so obviously you can stake the coin join their email um let's let's see what these 10 things to know about their Network are one when will REO Network launch so these seems like some good questions that we would want to know the alpha release for

the relo network is scheduled for April 7th 2023 this is the cumulative the cumulation sorry of years of work from the relo team with a battle tested testnet running for several months prior to launch so they've been at this for a while April 7th 2023 obviously has already passed at the time of this recording is the reio network a proof of stake or proof of work blockchain the Realo network is built using the com bft proof of stake consensus engine which provides a secure scalable and energy efficient algorithm to secure the network and validators who Bond native relo token or this other token rst REO security token can participate in the consensus process access by broadcasting votes which contain cryptographic signatures signed by each validator private key so that's interesting that's more of a governance thing and what kind

of blockchain obviously it is a proof of stake is the Realo Network web 3 enabled it sure is web 3 is a term coined by Gavin wood in 2014 to Define decentralized online ecosystems based on blockchain technology the REO Network networ is a decentralized transparent and trustless network a fundamental feature of web 3 it will enable web 3 daps one example being the base layer for a realworld based metaverse which must be the districts that we were just looking at the REO verse okay so yeah it's definitely a metaverse the land rush for REO verse land is scheduled to launch this year later this year so that's interesting that might be something guys that um we should really look out for who will control the REO Network validators and their delegation and their delegators control the relio network built

for the community everything that happens in the network including the Network's consensus process governance process and all upgrade proposals will rely on community participation can you stake the reio network we did see earlier that you could it says absolutely valid validators secure the relo network by bonding Rio the token or rst REO security token and participating in the consensus process Network users can delegate to any active validator and participate without running their own validators this provides a much lower barrier to entry for participation I guess they're saying you know you can actually participate in the governance and vote and stuff without necessarily running like a node you me on the REO Network the Realo Network asset token module will enable the creation of digitally native and real world asset in a secure decentralized process um not sure if that

really answered the question but I'm assuming the answer to that is yes what chains does the reio network support so it's an evm compatible layer one blockchain so it is its own blockchain it is its own layer one but it is ethereum virtual machine evm compatible so that means that it is going to be able to integrate with things built for e ethereum or on ethereum the reio network will launch with ethereum support and then plans to release native Bridges between algorand and Stellar as a cosmos based chain the network will Leverage The IBC protocol to achieve interoperable ability with different blockchains in the ecosystem says as a cosmo based chain so it's a layer one is it based off of Cosmo huh that didn't make 100% sense to me but I do get what they were getting at

for the most part here what can be built on the relo network similar to daps on the ethereum blockchain a wide variety of applications can be deployed on the reio network L because of the evm support anything from financial application token represent you know tokens representating uh real world assets a metaverse such as REO verse the REO team has several products ideas that will depend on the network we also envisioning working with communities to build diverse staps we have yet to consider finally being in the cosmos sphere allows the network to leverage different applications within the ecosystem so it seems like they are a part of the cosmos ecosystem which is cool I don't know uh a ton about Cosmos but I am familiar with them for sure what makes REO Network unique the network is distinct in the

fact it features a native dual token public proof of State consensus mechanism for both reo's utility token and Rio reio Network netw token so they have a utility token and a network token and it's digital security token rst which I've never seen anybody ever talk about to be honest with you what other project is Rio planning with the launch of the network so the REO network will support the forthcoming freeold wallet which will I'm sure be their signature Wallet app a non-custodial multi-chain D5 Wallet app built on Rio's blockchain infrastructure and then of course again you can sign up for everything that was a little bit long-winded but I thought all of those um things were pretty good and things that people would want to know if they were looking to know more about this network this coin this

project honestly you know we really should look at these things as more of projects and companies than currencies so this product is custody it's it has its own Fe on ramp which is nice and a private key encryption and that's pretty much all that's there and then they have a little shot button let's check that out oh they got merch they have a Lulu Lemon City sweat pullover hoodie and it's $150 that is kind of insane I'm not going to lie I mean their t-shirt for 15 bucks is reasonable um and a fundamental t-shirt that's I guess because it's the Lulu Limon brand is $60 um I I got to say the $150 for a hoodie is a little ridiculous but a lot of people like lul lemon I know they'll they'll pay for it for sure so apparel

products they got stickers if you need stickers for some reason and accessories they have a hat all right well that covers their merch so let's see what the team is here's their team I'm not going to go into huge detail a lot of times I just want to see if their team has real pictures and real names that they are docked and we know who they are so if they try to rug pull us and steal our money we're able to hold them accountable all right well they got quite a few people on their team as I would expect from uh a company like this if they were serious for sure let's see and okay then they have a you know if you want to contact them for some reason let's pop back over to the Twitter again guys

Crypton _ ground crypto and that is _ ground crypto give me a follow over there um so that we can keep this kind of community going this looks like we're getting to the end of the video I'm not seeing a lot of other information that I really feel like is worth following I do think it's interesting they have an ethereum contract um addressed I would think they would have something to do with Cosmos but I'm not as tapped into Cosmos ecosystem as maybe I should be so maybe that's for another video right down here it says chains all right so they do have the algorand in the Stellar B&B um ecosystem up and running I'm assuming I prefer B&B over just about everything to be honest hop over to Discord all right what all do they want us to

do here don't threaten people yada yada of course we will not be threatening anybody all right so it let us in all I really want to go to here is announcements the most recent announcement is the team has been working hard hard to update the Rio Network since last night the upgrade should be finished this evening but Network functionality may be limited today so you have Rio conversion mining bridging Rio and rst in and out of the REO Network delegating unbonding minimum balance and multi- staking so that's cool looks like they just did an upgrade to the network we're not going to read through all of these different things but you saw how easy it was to get right into their Discord that's where you're going to be able to really get nitty-gritty information or ask a question if

you have a very specific question all right guys thanks for watching crypto Ron signing out