Rupiah Token (IDRT) is a crypto asset on the Ethereum Blockchain that gives you access to global crypto exchanges. You can always redeem 1 IDRT for Rp 1, giving it a stable price.
Jakarta, 21 October 2019 – Rupiah Token team is pleased to announce that Rupiah Token (IDRTB) is paired with Binance USD (BUSD) as the first Forex Trading Pair on Binance DEX!
This trading pair represents an important milestone for the Binance DEX Binance DEX ecosystem. BUSD is convertible 1:1 with USD, while IDRTB is convertible 1:1 with IDR. As a result, this addition of BUSD/IDRTB Forex Trading Pair opens the door for 24/7 forex trading and real-time international remittance between USD and IDR.
Binance USD (BUSD) is a USD-denominated stablecoin that Binance created in collaboration with Paxos Trust. Each BUSD can be purchased or redeemed 1:1 with fiat USD. BUSD has received approval from the New York State Department of Financial Services (NYDFS), and is growing fast into one of the leading USD stablecoin in the market.
Established in January 2019, PT Rupiah Token Indonesia is the creator and issuer of IDRT, the first stablecoin that is backed 1:1 by Indonesian Rupiah. IDRT is now supported in various cryptocurrency exchanges (such as DDEX, Uniswap, and Binance DEX) and wallets (Trust Wallet, Ledger Nano S, etc). As of October 1, 2019, there are 791 million Rupiah Tokens currently in circulation.
Contacts To request for partnerships or other collaboration opportunities, please email [email protected] or visit rupiahtoken.com to submit a request.
We are happy to announce that the Rupiah Token (IDRT), the first-ever stablecoin pegged to the Indonesian Rupiah (IDR) at a conversion rate of 1:1, is now part of Pundi X global ecosystem!
With Rupiah Token’s listing on Open Platform, Pundi X’s decentralized asset listing program, the IDRT can now be used in any of Pundi X partner merchants that are equipped with the XPOS, the first blockchain-powered point-of-sale device. XWallet app users will also be able to carry and use IDRT on their cards and smartphones respectively.
“The IDRT opens up new possibilities for how the Rupiah can be used, and has the potential to bring more secure and seamless use to everyone in our home country,” said Zac Cheah, Co-founder and CEO of Pundi X. “We’re excited to work with Rupiah Token in making blockchain technology and cryptocurrency more accessible to our fellow Indonesians, especially in a more highly global and connected economy.”
“Rupiah Token aims to give Indonesians a safer and easier way to use their IDRT, and our partnership with Pundi X will give them even more ways to use their IDRT,” said Jeth Soetoyo, Founder and CEO of Rupiah Token Indonesia. “By enabling IDRT to be used at XPOS devices, more and more Indonesians at home and around the world, will be introduced to the benefits of blockchain technology.”
Decentralizing the Rupiah
Launched on August 2019, the Rupiah Token aims to implement the benefits of blockchain technology to a tokenized version of the IDR. Any transactions made via IDRT will not be susceptible to the same data breaches and fraudulent actions that can be experienced by fiat currency, thanks to the IDRT running on the Ethereum blockchain.
As a stablecoin, it is not susceptible to the same volatility experienced by other cryptocurrencies. This means that if a user wants to convert their IDR into IDRT and vice versa, the exchange rate will always be 1:1. This allows the IDRT to be used as a reliable way to send Rupiah to other crypto wallet holders without the risk of changing its value.
As it is a newly launched token, the IDRT is being used mainly by Indonesian crypto traders to easily convert their various crypto assets into Rupiah. However, the Rupiah Token Indonesia team sees the IDRT being used for decentralized financing, international remittance, and trade finance very soon.
Bringing IDRT to the world
By becoming part of the Pundi X ecosystem, the IDRT can now be used as an option for various partner merchants present in over 25 countries. With Pundi X enabling it to be used at merchants, the IDRT is on its way to becoming a truly digital and decentralized asset.
IDRT joins 16 other cryptocurrencies that can be used in Pundi X’s global network, which includes BTC, ETH, BNB, DGX, XEM, and Pundi X’s very own token, the NPXS. Several other tokens such as KNC, KCS, VRH, and ENQ joined the ecosystem by listing on Open Platform, which is open to all token developers and blockchain companies.
The Rupiah Token is the second stablecoin to be listed on Open Platform. A few months ago, MakerDAO’s DAI, which is pegged 1:1 to the U.S. Dollar, was also integrated to the Pundi X ecosystem.
About Rupiah Token Indonesia
Established in January 2019, Rupiah Token Indonesia created the first stablecoin that is backed up by the Indonesian Rupiah at a rate of 1:1. Launched in August, the Rupiah Token is now supported in various cryptocurrency exchanges and wallets such as DDEX, Uniswap, and Binance DEX. As of October 1, 2019, there are 791 million Rupiah Tokens currently in circulation.
Contacts To request for partnerships or other collaboration opportunities, please email [email protected] or visit rupiahtoken.com to submit a request.
Be the first one to report a specific vulnerability. Duplicate report is not eligible for bounty reward.
Include details and verifiable proof of concept (e.g. screenshot, video, script). If our team cannot reproduce or verify the issue, then bounty cannot be awarded.
Reporter is eligible for bounty after Rupiah Token team decide to fix the bug.
Reporter of vulnerability is prohibited to disclose the bug to public before Rupiah Token team fixed the bug.
Reporter of vulnerability is required to use their own account when performing testing or producing vulnerability. DO NOT attempt to view or tamper any data belonging to others.
Reporter of vulnerability is prohibited to disturb, change, add, or delete any data or configure Rupiah Token systems, targeting other users, or compromising the reputation of Rupiah Token.
DO NOT perform DDoS or DoS attack to Rupiah Token System.
By sending a bug report to Rupiah Token, reporter of vulnerability agrees to give Rupiah Token the full rights to keep using that bug report for internal purposes without paying any royalty, license, or intellectual property rights.
By participating in this program, you have agreed to comply with all applicable local and international laws.
Domain & Scope
In Scope
www.rupiahtoken.com
api.rupiahtoken.com
Out of Scope Issues
The following issues won’t be considered for a bounty.
Rate limit issue
Open Redirection (we will approve for critical case, ex: steal other user’s token)
DoS or resource exhaustion
Client-side issues that do not effect the latest version of common browsers (Chrome, Firefox).
HTML injection without ability to execute malicious script.
Self XSS, CSRF, CORS without affecting other users
Clickjacking.
SPF, DKIM and DMARC issues.
Social Engineering
Severity and Reward
Reward amounts are vary depend on the severity of the vulnerability and it’s impact to Rupiah Token. We use the the international standard for risk calculations that is OWASP Risk Rating Methodology.
Only medium, high and critical will get reward.
What we consider?
Likelihood Factors
Impact Factors
Skill Level
Loss of confidentiality
Motive
Loss of Integrity
Opportunity
Loss of Availability
Size
Loss of Accountability
Ease of Discovery
Financial Damage
Awareness
Non-compliance
Ease of Exploit
Reputation Damage
Intrusion Detection
Privacy Violation
Reward
Name
Reward Point
Reward IDRT
Low
1
0
Medium
3
500,000 – 1,000,000
High
6
2,000,000 – 4,000,000
Critical
10
6,000,000 – 10,000,000
Reward will be transferred using IDRT or IDRTB. Please make sure you have erc20 / binance chain based wallet.
Our Trading Minigame has finally come to an end on 30th September 2019, 6PM UTC+7. Please find our announcement below:
Rules Review
Before analyzing the winners, let us review the rules we originally posted:
Eligible winner (address) must have at least 1,000,000 IDRTB average daily trading volume over the whole event period.
Eligible winner (address) must also hold at least 1,000,000 IDRTB at the end of the competition.
Trading volume refers to sum of Buys and Sells of IDRTB, excluding wash trades.
And also the Terms & Conditions we originally posted:
Trading volume of each account on BNB/IDRTB will be recorded at the end of the minigame on Monday 30 September 2019, 18:00 GMT+7.
No registration needed to join. Winners will be based on Binance Chain Address used for trading
Winners’ announcement and prize distribution will be done within 3-4 working days from the end date.
Rupiah Token employees or any affiliated parties are not eligible to join the minigame.
Wash trading is prohibited! Any participant doing wash trading will be immediately disqualified.
Rupiah Token reserves the right to cancel or amend the event and the rules at our sole discretion.
Disqualified Address
After analyzing trade patterns, we have to disqualify the following 3 addresses from the minigame because we observe very strong indication of wash trading (i.e. trading back-and-forth between limited sets of addresses) :
bnb16am9asrsq76kfdfltvxrse70v2rdhznz4kyuw7
bnb1ywuwzv66egyxy9zsvye854g4t63hhu5d2u68nz
bnb1s0q2gzzj0lusj6a40jnx88zpasdqj7gxj9njjj
Trading Competition Winners
After removing disqualified addresses, we found we only have two eligible winners:
1st Place (5,000,000 IDRTB): bnb1wt0zxqp77lugxexn2rm5zc507s83ml2s4t0pvx
2nd Place (3,000,000 IDRTB): bnb1qaakt0a23lg34yetkf2qw0rl9u2cfvg6tj8yd2
As such, 3rd Winner prize of 2,000,000 IDRTB will go to Lucky Draw prize pool!
Lucky Draw for Random Participants
Originally we prepared 10 x 100,000 IDRTB for randomized lucky participants. But we have an addition of 2,000,000 IDRTB from the lack of 3rd place winner, as explained above. As such, we will give out 100,000 IDRTB for 30 addresses – congratulations for the following lucky participants!
bnb1vzfwrvk9v3ew7a57m29whju27u4tcfmwgeryqe
bnb15uruh8va59su98ap2n9acf6cwexxh3rw7waht2
bnb1ch6mpxy95zy6nqfa2963z6n90qcfw5syuh5ue0
bnb1sk4dkkk9yc8wdq9v45yhrdznpej9lvv0mgjdw6
bnb1xdevad3gf4uu96yrvtvsd6nxd3t80ynqzdgtvk
bnb1r5ejgx6zp7dt4k029a7ljctssag20qq2wrpzs8
bnb1vqzkxpfvzv4uvfs80pzdug8sqtza07h6atl8dp
bnb1w3y8fngxtp7xzu4u8n58z09ta9w462xxm9t8wj
bnb17we2lpmna8z07y6gk8qz2rvhprac4l9j94fvpc
bnb17sxzf27hehl63xghf3lxkc9zwsq4z2gw96q6hl
bnb1h6kl9g2sfckp27acsckvu4elcwq4vsfgq56wra
bnb1aar7uretwkaath59zxjzk83lzun67wwx38y7le
bnb1q8lcufv2q34agwfd65t5wtl37737wkvzcushyw
bnb1d5qze7uej3eydc8j7z65twwapfrasp5vacszvm
bnb15kzqzy5yewslmz9dumurktktny8x4gvjld0kd9
bnb1xwalxpaes9r0z0fqdy70j3kz6aayetegur38gl
bnb1dkdw9lrwfps0mpfaj0xdyynje4aqp07hlz6dkw
bnb1hlpy2yw6zaa3xqft72m3hf6hwfvcgs7cdgl3ue
bnb19vwrfdqzv5v3v3xyxjtgtrf88jya7yu26n834v
bnb1pd5vyzjgwxwznqslnszsl4wq9ztejs369mgv89
bnb1gyyh3naqk37zu6kx9082fjvgu5376aaaclsy69
bnb1z2wkeh724zpeflsgscwp93vylg66awx5hcavu6
bnb1r9e0cdza4vlruvzy23f6ad9uftspxcjjwg4gpj
bnb1vuvjpl654ygwkp6q8tdzze7v5d8h9pn4z3mhql
bnb1c67zsz4a5rhefxw9ajdlhkmgxjfppekhad82cq
bnb1qr3atgtkwvwpx6nly4arcy773tunl6z04t3dju
bnb1yheegfkkypw74htg8vzzj64jux3p4tmg5edqhm
bnb176qurzuueah4wuj29c3k3nvdd9qn79n2gucs8d
bnb1kz90r4da6zdzk84lnhdzmngry2tt3gj99jq6nl
bnb18thlkcf3ajns9hyj6q82rfu29tugzt245nsuga
Prize Distribution
Prize will be distributed by Friday, 4th October 2019, directly to winning addresses.
Thank you for participating, we hope to see you again on our future events!
About Rupiah Token
PT Rupiah Token Indonesia is a venture-capital backed startup based in Jakarta, Indonesia. As a leading Blockchain technology company, our mission is to boost the acceptance of Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system. Since our establishment in January 2019, we have been hard at work developing our service in Indonesia and listing our tokens on reputable exchanges.
Follow our blog to stay up-to-date with our latest announcements!
Since launching BNB / IDRTB trading pair at Binance DEX, we received many questions on how Rupiah Token users can swap their IDRT with IDRTB and vice-versa. Today, we are glad to announce that we have released Rupiah Token Swap service for registered users on Rupiahtoken.com!
You can access the Swap Token feature on our Dashboard as shown below:
Logged-in users can access Swap option at rupiahtoken.com Dashboard
Key points on our Rupiah Token Swap service
Our Rupiah Token Swap service is fast and fully automated! That means registered users can swap IDRT <-> IDRTB quickly, anytime.
Swap ratio of IDRT <-> IDRTB will always be 1:1
The process of swapping token requires us to internally pay gas fees in ETH and BNB. To prevent abuse of this automated system, we need to pass on the gas fee (converted to IDRT / IDRTB) to users. This fee is purely a function of BNB and ETH gas prices – it has nothing to do with the amount of IDRT/IDRTB you swap.
We are constantly BUIDLing to improve our products so we can serve customers better. With this IDRT Token Swap feature, you can move Rupiah Token between Ethereum (for Uniswap / DDEX) and Binance Chain (for Binance DEX) easily.
PT Rupiah Token Indonesia is a venture-capital backed startup based in Jakarta, Indonesia. As a leading Blockchain technology company, our mission is to boost the acceptance of Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system. Since our establishment in January 2019, we have been hard at work developing our service in Indonesia and listing our tokens on reputable exchanges.
Follow our blog to stay up-to-date with our latest announcements!
We would love to invite you to join our AMA Session with Jeth Soetoyo and Anthony Thio, co-founders of Rupiah Token!
AMA will be held on: Date: Thursday, September 26, 2019 Time: 22:00 PM (UTC+7) // 15:00 UTC Location: https://t.me/BinanceDEXchange
Come and ask us your best questions!
About Rupiah Token
PT Rupiah Token Indonesia is a venture-capital backed startup based in Jakarta, Indonesia. As a leading Blockchain technology company, our mission is to boost the acceptance of Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system. Since our establishment in January 2019, we have been hard at work developing our service in Indonesia and listing our tokens on reputable exchanges.
Follow our blog to stay up-to-date with our latest announcements!
Binance DEX (https://binance.org) is a non-custodial, decentralized trading platform on Binance Chain. Unlike Binance.com or other centralized exchanges —where all user’s crypto assets are stored by the exchange— the Binance DEX does not hold user’s fund. Instead, trades are settled on-chain from wallet-to-wallet.
We will recommend you to use Trust Wallet, the official mobile wallet app used by Binance, for best trading experience.
Make sure the type of wallet you choose is a Multi-Coin Wallet.
Make sure the wallet has some BNB to cover transaction fee.
How to trade
There are two options to trade IDRTB on Binance DEX using Trust Wallet:
Option A: DEX Swap
DEX swap enables you to instantly trade BNB/IDRTB at market price in an instant. To use Binance DEX swap, see the following instruction:
Click on DEX tab on Trust Wallet.
Click on the button to change the pair, for now you can pick BNB/IDRTB trading pair.
Search for IDRTB in the search box.
Enter the amount you would like to trade from BNB to get IDRTB and click next to continue.
If you want to sell IDRTB to buy BNB, click the button to swap the pair.
Option B: Wallet Connect
WalletConnect enables you to connect your Trust Wallet to Binance DEX UI on your laptop/desktop. This way, you can use a full trading interface (complete with technical analysis, charts, etc), while using Trust Wallet to approve your transactions.
To use WalletConnect, see the following instruction:
Select WalletConnect and get the QR Code to connect your Trust Wallet to Binance DEX.
Scan the QR in your device’s Trust Wallet. Open scanner from the circled menu.
Select ‘Approve’ to proceed.
You can enable ‘Auto-Sign Transaction’ so it will not ask your manual confirmations for doing actions in Binance DEX. Do not close this page while you trade on Binance DEX.
Decentralized applications may be a bit overwhelming for some people at first, but it gives better peer-to-peer trading capability for the cryptotraders and blockchain community. Users should be aware of the security risks around centralized services and the importance of controlling and being responsible of managing their own crypto assets.
Happy trading!
About Rupiah Token
PT Rupiah Token Indonesia is a venture-capital backed startup based in Jakarta, Indonesia. As a leading Blockchain technology company, our mission is to boost the acceptance of Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system. Since our establishment in January 2019, we have been hard at work developing our service in Indonesia and listing our tokens on reputable exchanges.
Follow our blog to stay up-to-date with our latest announcements!
Transferring cryptoassets in Ethereum chain, wallet-to-wallet, need some fees known as “Gas” in term of Ethereum. IDRT as an asset in Ethereum chain is no exception to this. This mechanism is required to incentivize miners to include our transaction in an Ethereum block. But it may confuse new users in blockchain space because they have to learn new jargons to use blockchain-based services. Well now, you don’t have to worry about Ethereum gas to create an IDRT transaction anymore thanks to Argent wallet.
What is Argent?
Argent is a smart crypto wallet for Ethereum cryptoassets. It has some interesting features to get you on-board as soon as possible without the need to learn many blockchain and crypto jargons. You can lock and unlock your wallet whenever you need it, recover your wallet without using social recovery, set a daily transfer limit, an easy to read name service (ENS) for free, exchange ERC20 tokens using decentralized exchange services, and gasless transfer for any ERC20. As a non-custodial wallet, Argent has a great value proposition because they provide great UX without having to sacrifice decentralization by having custody on user’s assets. To learn more about this, visit https://medium.com/argenthq/the-private-key-to-mass-adoption-a7c7e4a9a268.
Argent wallet is still in open Beta at the moment, you can sign up but you will have to wait in their queue until you can use the wallet. But don’t worry, we are on partnership with Argent to make you able to jump the queue, limited for 50 registrants, visit this link to start using Argent wallet: https://argent.link/rupiahtoken.
How to send Rupiah Token without Gas?
Sending gasless IDRT transfer using Argent wallet is very simple. The following section will discuss how it works.
If you have IDRT in your Argent wallet, it will shows up immediately. If you want to transfer the IDRT to other wallet, click IDRT on the wallet.
It will show your IDRT balance and a button “Send IDRT” with a paper airplane logo, click the button.
It will show you the where your IDRT will be transferred to, you can choose via QR code scan, user’s ID on ENS, or saved contact on your Argent wallet.
Input the amount of Rupiah Token you want to send and click continue.
After clicking continue, the confirmation screen should appear. Check the amount of Rupiah Token you are going to send and receiver’s contact address. Notice the Fee is “Free – Paid by Argent”. No gas in this transaction will be incurred to you. Click send if you are sure with the transaction.
You can see the progress of your transaction here. Hit the button to see the transaction details.
When the transaction is completed, the button will disappear. But you can check the progress by navigating to “Identity” tab and click on “Activity”.
The IDRT balance will shows up in recipient’s wallet and safely received.
PT Rupiah Token Indonesia is a venture-capital backed startup based in Jakarta, Indonesia. As a leading Blockchain technology company, our mission is to boost the acceptance of Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system. Since our establishment in January 2019, we have been hard at work developing our service in Indonesia and listing our tokens on reputable exchanges.
Follow our blog to stay up-to-date with our latest announcements!
To celebrate this occasion, we would like to invite you to join our IDRTBTrading Minigame!
We have prepared a ****total prize of 11,000,000 IDRTB. The competition will start on 16 September 2019 and lasts for 2 weeks – get ready by reading the details below!
Minigame Rules
Trading Minigame event will be held for 2 weeks, from Monday 16 September 2019, 18:00 GMT+7 until Monday 30 September 2019, 18:00 GMT+7.
Eligible winner (address) must have at least 1,000,000 IDRTB average daily trading volume over the whole event period.
Eligible winner (address) must also hold at least 1,000,000 IDRTB at the end of the competition.
Trading volume refers to sum of Buys and Sells of IDRTB, excluding wash trades.
Prize Structure
Three eligible addresses with the highest trading volume will win 1st, 2nd, and 3rd place.
In addition, ten eligible addresses chosen at random will obtain 100,000 IDRTB each.
Total Prize: 11,000,000 IDRTB
1st Place — 5,000,000 IDRTB
2nd Place — 3,000,000 IDRTB
3rd Place — 2,000,000 IDRTB
10 x Random Winner — 100,000 IDRTB each
Terms & Conditions
Trading volume of each account on BNB/IDRTB will be recorded at the end of the minigame on Monday 30 September 2019, 18:00 GMT+7.
No registration needed to join. Winners will be based on Binance Chain Address used for trading
Winners’ announcement and prize distribution will be done within 3-4 working days from the end date.
Rupiah Token employees or any affiliated parties are not eligible to join the minigame.
Wash trading is prohibited! Any participant doing wash trading will be immediately disqualified.
Rupiah Token reserves the right to cancel or amend the event and the rules at our sole discretion.
About Rupiah Token
PT Rupiah Token Indonesia is a venture-capital backed startup based in Jakarta, Indonesia. As a leading Blockchain technology company, our mission is to boost the acceptance of Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system. Since our establishment in January 2019, we have been hard at work developing our service in Indonesia and listing our tokens on reputable exchanges.
Follow our blog to stay up-to-date with our latest announcements!
Jakarta, 14 September 2019 – Rupiah Token team is pleased to announce that IDRTB, our BEP-2 stablecoin that we issued on the 74th Indonesian Independence Day, has received full validator approval to be listed as the first non-USD stablecoin trading pair on Binance DEX!
Our first trading pair is BNB / IDRTB, and trading will be live on Monday, 16 September 2019. Starting today, we have opened IDRTB purchase on https://rupiahtoken.com, so stock some IDRTB and get ready to trade!
The listing of IDRTB on Binance DEX is a significant milestone for both Rupiah Token and the Binance community as it allows Indonesian traders to trade directly in Binance DEX in Rupiah denomination. In addition to BNB trading pair, we are also planning to list IDRTB with more trading pairs in the coming weeks, and we are open for community feedback in our Telegram channel.
To commemorate this occasion, we will be holding a trading minigame with total prize of 11,000,000 IDRTB! We will announce the details in our blog and telegram channel tomorrow.
What is IDRTB?
IDRTB is the first Rupiah-backed BEP-2 stablecoin on the Binance Chain. Issued by PT Rupiah Token Indonesia, one IDRTB is a 1:1 representation of an Indonesian Rupiah on the Binance Chain. Each IDRTB is 100% collateralized by a corresponding Rupiah held in accounts subject to regular public reporting of reserves and is kept in Indonesian corporate bank account.
Just like our ERC-20 token IDRT, you can now Purchase or Redeem IDRTB directly at https://rupiahtoken.com. In our website, 1 IDRTB can always be purchased for 1 Rupiah, or redeemed back into 1 Rupiah (minus 0.5% fee + bank transfer fee if any).
Where can I store IDRTB?
You can store IDRTB in any wallet that is compatible with Binance DEX The following wallets are a good start:
Trust Wallet (mobile app with direct integration to Binance DEX for swapping IDRTB)
Binance Chain is a community-driven blockchain software system with developers and contributors from around the world. Binance DEX is the decentralized exchange feature developed on top of the Binance Chain blockchain, which is setting a new cryptocurrency trading standard for fast and secure peer-to-peer exchange. For more information on Binance DEX, visit: https://www.binance.org/.
About Rupiah Token
PT Rupiah Token Indonesia is a venture-capital backed startup based in Jakarta, Indonesia. As a leading Blockchain technology company, our mission is to boost the acceptance of Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system. Since our establishment in January 2019, we have been hard at work developing our service in Indonesia and listing our tokens on reputable exchanges.
Follow our blog to stay up-to-date with our latest announcements!
