Rielcoin: Reward Token for Physical Resorts

The Rielcoin whitepaper was written and released by the Rielcoin core team in 2024, aiming to address the challenges of the current blockchain trade-off between scalability and decentralization, and to propose a new consensus mechanism to optimize performance.

The theme of the Rielcoin whitepaper is “Rielcoin: Efficient and Secure Next-Generation Decentralized Financial Infrastructure.” What makes Rielcoin unique is the introduction of sharding technology and a hybrid consensus mechanism to achieve high throughput and low latency; the significance of Rielcoin lies in providing a solid foundation for decentralized finance (DeFi) applications, significantly improving transaction efficiency and lowering the barrier to use.

The original intention of Rielcoin is to solve the congestion and high cost problems of existing blockchain networks. The core viewpoint elaborated in the Rielcoin whitepaper is: by combining sharding technology with an innovative proof-of-stake consensus, the best balance between decentralization, scalability, and security can be achieved, thus supporting large-scale commercial applications.

Interested researchers can access the original Rielcoin whitepaper. Rielcoin whitepaper link: https://rielcoin.io/docs/RIC-whitepaper.pdf

Rielcoin whitepaper summary

Author: Theo Marchand

Last updated: 2025-12-16 10:05

The following is a summary of the Rielcoin whitepaper, expressed in simple terms to help you quickly understand the Rielcoin whitepaper and gain a clearer understanding of Rielcoin.

What is Rielcoin

Friends, imagine if your travel and vacations could be combined with cryptocurrency—what kind of experience would that be? Rielcoin (RIC for short) is a project that aims to turn this imagination into reality. Simply put, it is a “reward token” designed to let you pay for accommodation, dining, and even various entertainment activities at partner resorts around the world, as conveniently as using points or coupons.

You can think of Rielcoin as a special “vacation pass”—it’s not just a virtual cryptocurrency, but is intended to play a role in real-world vacation scenarios. The project team even gives RIC another meaning—“Resorts in Crypto”—which vividly illustrates its core positioning.

Currently, Rielcoin already has some partner resorts, such as their first resort hotel in Kompot, Cambodia—Les Bambous Luxury Hotel.

Core scenario: Mainly revolves around vacation and travel, allowing users to use RIC tokens to book hotels, enjoy dining, and various resort services.

Project Vision and Value Proposition

Rielcoin’s vision is to enable people to enjoy freedom and relaxation at resorts worldwide through cryptocurrency, truly applying crypto to real life.

The core problem it aims to solve is connecting the blockchain virtual world we are in now with real vacation experiences. The project team believes that traditional centralized institutions and economic policies are inefficient, while Rielcoin provides a bridge for digital assets to have value in real-world leisure and entertainment.

Differences from similar projects: Many blockchain projects may focus on finance, gaming, or technology itself, while Rielcoin clearly positions itself in the niche of “physical resorts,” dedicated to providing users with a way to enjoy real-world services with cryptocurrency.

Technical Features

Rielcoin (RIC) itself is a token, which means it runs on other mature blockchain networks rather than having its own independent blockchain.

Initially, the RIC token was deployed on Binance Smart Chain (BNB Chain). However, in Q4 2024, the project plans to migrate RIC from BNB Chain to Shibarium Chain.

In addition, Rielcoin’s roadmap mentions some deeper technical involvement:

In Q4 2023, plans to become a validator on the Unification blockchain.
In Q2 2024, the validator on QL1 chain has gone live.
In Q1 2025, the project is working to become a validator on the Althea chain.

Validator: Simply put, validators are like “bookkeepers” in the blockchain network. They are responsible for validating transactions, maintaining network security, and participating in the creation of new blocks. Becoming a validator usually requires staking a certain amount of tokens and running specific software.

Tokenomics

Basic Token Information

Token Symbol: RIC
Maximum Supply: 25,000,000 RIC (25 million)
Issuing Chain: Initially on BNB Chain, planned migration to Shibarium Chain.
Current Circulating Supply: According to the project team’s self-reported data, the current circulating supply is 0 RIC (but this data is not verified by CoinMarketCap).
Buy/Sell Tax: The tax for buying and selling RIC tokens is 0%.

Token Allocation and Use Cases

Liquidity Pool: 50% burned, 50% airdropped, and liquidity pool burned.
Token Use Cases:
- As a reward token, used to redeem accommodation, dining, and various services at partner resorts worldwide.
- Early investors have the opportunity to receive 17% net profit sharing from the goresorts.io platform.
- Some information also mentions that RIC may be used for staking and participating in governance decisions, but the main emphasis is currently on its practical application in resorts.
Holder Distribution: According to CoinSniper data, the top ten holders own 95% of the token supply.

Liquidity Pool: Imagine a “currency exchange” for digital assets, containing two different currencies, such as RIC and another stablecoin. People can freely swap here, and the liquidity pool is where these currencies are provided. Burning a portion of tokens and locking liquidity is usually to increase the scarcity and stability of the token.

Team, Governance, and Funding

Team

The Rielcoin project is operated by J7 Holdings Limited, an investment company focused on technology and blockchain projects.

The project team is committed to ensuring that RIC can be used for leisure and entertainment in the real world.

Governance

Although some sources mention that RIC may serve as a governance token, allowing holders to influence the project’s future direction, there is currently little detailed information in official materials about specific governance mechanisms (such as voting systems, community proposals, etc.), with the project focusing more on the practical application of the token.

Funding

The project raises funds through presales and other means, which are mainly used to build the “resort platform” and “hotel platform,” aiming to help small resorts solve high-cost problems and provide listing and software support.

Roadmap

The Rielcoin project has announced some important historical milestones and future plans:

Q1 2023: Launched the “goresorts.io” resort booking platform.
Q4 2023: Became a validator on the Unification blockchain.
Q2 2024: Validator on QL1 chain successfully running.
Q4 2024: Migrate RIC token from BNB Chain to Shibarium Chain.
Q1 2025: Working to become a validator on the Althea chain.

In the future, the project also plans to integrate decentralized finance (DeFi) features, establish partnerships with local businesses, and carry out educational activities to raise awareness of cryptocurrency.

Common Risk Reminders

Investing in any cryptocurrency project carries risks, and Rielcoin is no exception. Before considering participation, please be sure to understand the following points:

High Centralization Risk: According to CoinSniper data, the top ten holders own 95% of the RIC token supply. This means a few large holders may have a huge impact on the token price, with the risk of “whale dumping”—large holders selling off tokens and causing a sharp price drop.
Contradictory Audit Report Information: CoinSniper shows the Rielcoin project as “unaudited,” but another source, Coinbazooka, claims Rielcoin has passed Certik audit. Such inconsistencies require high vigilance. Without clear, verifiable audit report links and results, smart contracts may have undiscovered vulnerabilities and security risks.
Whitepaper Transparency Issues: The Rielcoin official website once stated “we don’t need to show a whitepaper, we show real resorts,” which is rare among crypto projects and may suggest insufficient transparency in information disclosure. Although Bitget and whitepaper.io provide whitepaper links, users should still read carefully and assess their completeness and professionalism.
Incomplete Roadmap Information: On CoinSniper, information about the project’s roadmap stages such as “presale,” “development,” and “launch” is marked as “not submitted.” This may mean that project progress information is not disclosed in a timely or complete manner.
Market and Economic Risks: The cryptocurrency market is highly volatile. The price of RIC tokens may be affected by market sentiment, macroeconomic environment, regulatory policy changes, and other factors, with the risk of large price fluctuations.
Compliance and Operational Risks: With increasing global regulation of cryptocurrencies, the project may face compliance challenges. In addition, the project team’s actual operational capability in the resort business and marketing effectiveness may also affect the practical application and value of the token.

Not Investment Advice: The above information is for project introduction only and does not constitute any investment advice. Cryptocurrency investment is extremely risky. Please be sure to conduct thorough independent research (DYOR) and make decisions based on your own risk tolerance.

Verification Checklist

When learning more about the Rielcoin project, here are some key pieces of information you can verify yourself:

Official Website: https://rielcoin.io/
Whitepaper: https://rielcoin.io/docs/RIC-whitepaper.pdf
Social Media:
- Telegram: https://t.me/rielcoinofficial
- Twitter: https://twitter.com/rielcoin
Block Explorer Contract Addresses:
- BNB Chain (BSC) contract address:
  0x5232b3f532b58fbf96ec7cbdbf10c01cb0520c87
- Shibarium Chain contract address:
  0x12c94d3a30daa09f81ea6c037004e6e99a4a3dfc
GitHub Activity: Currently, search results do not clearly mention Rielcoin’s GitHub repository or code activity. It is recommended to search and evaluate independently.
Audit Report: Given the contradictory audit information, be sure to search and verify on the official websites of well-known audit firms such as Certik whether an audit report for Rielcoin (RIC) exists, and read the report carefully.

Project Summary

Rielcoin (RIC) is a crypto project aiming to combine blockchain technology with the global resort industry. It hopes to enable users to pay for accommodation, dining, and other services at partner physical resorts with digital assets through the issuance of RIC tokens, thus realizing the application of cryptocurrency in the real world.

The project team, J7 Holdings Limited, is committed to building a vacation ecosystem that connects the virtual and real worlds, and has announced roadmap plans including launching a booking platform, becoming a validator on multiple blockchains, and migrating tokens.

However, while paying attention to its innovative application scenarios, it is also necessary to note some potential risks, such as the high concentration of tokens in the hands of a few large holders, contradictory audit information, and the completeness of project information disclosure.

All in all, Rielcoin offers an interesting attempt to combine cryptocurrency with travel and vacation, but as a potential participant, be sure to conduct comprehensive due diligence, understand its technical details, team background, market risks, and compliance, and always keep in mind the principle of non-investment advice for cryptocurrency investments.

For more details, please conduct your own research.

Disclaimer: The above interpretations are the author's personal opinions. Please verify the accuracy of all information independently. These interpretations do not represent the platform's views and are not intended as investment advice. For more details about the project, please refer to its whitepaper.