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Reilly Coin Executive Summary

Reilly Coin is an ERC20 token, within the decentralised finance (DeFi) ecosystem. A smart contract digital asset built upon the Ethereum blockchain https://ethereum.org/en/whitepaper/ . 

Decentralised Finance (DeFi) in its simplest form, is a system by which financial products become available on a public decentralised blockchain network, making them open to anyone to use, rather than going through middlemen like banks and brokerages. Blockchain is a shared and replicated ledger compromised of information stored in “blocks” and sits below a distributed ledger and acts as a way to verify transactions submitted by producing a new “block” to the chain. 

 

 

Background & purpose

Reilly Coin is a modern digital representation of the 13th Century “Le Money Del ORaylly” O’Reilly’s Money. Silver coins minted by the O’Reilly Kingdom of East Bréifne, Ireland from the 13th to 17th-century https://www.reillycoin.org/history an original decentralised currency. 

There is a huge utility for our Reilly Coin ERC20 token, today’s O’Reilly’s Money. A decentralised digital asset, method of exchange, cryptocurrency and store of value for the 21st century and beyond. Reilly Coin will be adopted as the principal currency and treasury store of value in future business transactions and all deals of The Royal Court of East Bréifne O’Reilly ( www.theroyalcourtofeastbreifneoreilly.org ). 

 

Value    

The value of Reilly Coin will continue to grow via its utility functions described in greater detail below. In parallel with the wider adoption and distribution of the coin into the global marketplace as a method of exchange and store of value. The tokens are a finite resource due to the capped token supply making it a store of value, together with the limited free float of coins on the open market due to restrictions imposed on the early backers and core contributors’ holdings. Thus creating scarcity that drives increased demand, which creates a shock to the supply demand equilibrium, as a consequence Reilly coins will increase in value ( see Token unlock schedule below). 

 

Capped Token supply 

Reilly Coin has a capped number of tokens minted at 300 million, no more can or will be minted. There is a Reilly Coin treasury account that will hold a variable % of the total supply of Reilly Coin and will from time to time buy back Reilly Coin from the market if and when required and when reasonable in the circumstances to do so. 

  

Reilly Coin token Distribution 

2% of the minted tokens will be retained in a charity fund which will utilise the tokens from time to time in liquidity pools and or to generate passive income streams for distribution by the charity fund.  Development 9.3%, Rewards & Grants 7.7%, Treasury (variable) 10%, Backers 16.6%, Core contributors 28.7%, Free float sale 25.7%.

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Anticipated Token unlock schedule.

 The unlock schedule is a restriction on early backers & core contributor holders of Reilly Coin to allow a gradual and controlled unlocking of their holdings into the wider market, if they wish to do so. The schedule indicates the maximum level that is allowed per indicated time period. 

*The unlock schedule is indicative and subject to possible changes. It should be noted that many of the backers/holders that are subject to the unlock schedule and restrictions. May from time to time choose not to unlock their coins and instead hold them as a store of value over a longer time frame that that shown above on the schedule.

*The unlock schedule is indicative and subject to possible changes. It should be noted that many of the backers/holders that are subject to the unlock schedule and restrictions. May from time to time choose not to unlock their coins and instead hold them as a store of value over a longer time frame that that shown above on the schedule.

Utility.

Reilly Coin Token will be adopted as the exclusive method of exchange for the business transactions and capital raising for The Royal Court of East Bréifne O’Reilly and international transfers it does internally with its members and associates deriving from its business interests.
Members and non-members of The Royal Court of East Bréifne O’Reilly will only have access to Private Equity deals, Hedge Fund capital raising, Debt raising, Capital raises for acquisitions, Equity sales, etc. By purchasing and using Reilly Coin as the method of exchange and the transfer of value for these opportunities, which will include voting rights in each project. All passive income, profits from asset sales and or dividends deriving from these business transactions will be paid out in Reilly Coin.

In future businesses controlled, owned and or purchased by the organisation will adopt Reilly Coin as its method of exchange in transactions and allow payments in Reilly Coin. In addition, Reilly Coin developers aim to increase the utility of the tokens by creating an international payment system where the token can be used as a method of exchange anywhere and everywhere.
Additional utility will come from Reilly Coin being adopted as a store of value, hedge against inflation and the erosion of Fiat currencies purchasing power, in part due to Reilly Coin’s finite capped supply and limited free float of the coins.

Further information -