[Important] Update for our community on current Ryo development and advertising status

We would like to update our community on the status of Ryo development as well as its accompanying projects such as RagerX, Xmr-Stak, and Monero Bacada. We are guided by desire to clear some things up and avoid fud and misrepresentations in an honest way with our community that follows us.

Also we would like to announce that we are looking for team members to help developing Ryo and accompanying projects, with python, C and JS skills on part or full time basis as well as marketing and advertising specialists. Until we find them, we are putting development and active marketing on pause, and want to give details on what has been done recently and where we are going from here.

Ryo Currency (led by fireice_uk, mosu_forge, and psychocrypt):

The project saw some updates in 2020 that we would like to mention.

• v0.5 fork: we implemented ECC that sped up wallet scan times and fixed emission after extensive community debates to be a plateau.
• v0.6 fork: we implemented an increased dev fund after community debates, included minor bugfixes, and implemented restore heights in mnemonic seeds.
• Our mining algo is being widely tested by many users and has proved itself as being a great and scalable solution. Newest released amd/nvidia GPUs prove our correct design and chosen way in that regard. Also 2 coins in addition to RYO are using it now: XEQ Equillibria, CCX Conceal.
• Team and community cooperated with top grade Discord tipbot to add Ryo support that has a total audience of more than 2.2million users across 12k servers. This give us a great tool for community growth and ability to do various PR activities that lead to rapid Discord community growth.
• Quasar web wallet launched for mobile phones, which supports both Apple and Android devices with installation as an app thanks to PWA technology.

Due to family issues, psychocrypt did suspend his involvement in Ryo during 2020 leaving core development to fireice_uk and mosu. Core development included the two hardforks and mobile wallet. At this point we decided to focus on marketing and accompanying projects such as RagerX and Monero Bacada as means to bring eyes to Ryo.

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RagerX (led by fireice_uk and mosu_forge):

Initially this project was developed with the approach of starting with one coin, Monero, and improving it over time to include more coins including Ryo. After successful release of the platform itself (including customized OS, mining pool, GUI usb flasher tool, telegram bots, and more) and several rounds of updates, fireice_uk and mosu started to work on a larger update that was intended to bring not only new device type support (GPU), but more coins on the platforms, with Ryo as a priority.

Due to the events of 2020, mosu had to temporarily shift focus during the active development of RagerX. What was initially planned as a few month break, has taken him longer to regain the time to work fully on crypto related projects. He plans to go back to full time crypto development once things have settled down for him, but with no definite date in mind.

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Monero Bacada (led by fireice_uk):

This project was built as a means to highlight one of the most overlooked aspects of a privacy coin, the P2P layer. The intention is to show that the current P2P layer in Monero, and all forks of it, is broken. The idea here is to show how the current P2P layer is broken, while rolling out a written from scratch P2P layer for Ryo that fixes the fundamental problems present in Monero. Our improved P2P layer has had development started on it, but due to lack of manpower is currently on the backburner.

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Xmr-Stak (led by psychocrypt):

Xmr-Stak saw no significant updates in 2020 due to lack of time of its developer to contribute in. Our Ryo community and others still use it and provide valuable feedback on hardware and hashrate reports. We are looking for a C specialist who is willing to develop new features as well as regular maintenance.

Summary:

Where we go from here is that we have tons of projects that are in the works, but are lacking the manpower to make these a reality. We are in no way abandoning the project and still have the aim to make the best untracable ledger. The development fund will continue to be used to pay for servers, maintenance, and new team members or contributors once they join the team. We think it is fair to be transparent about the current state and show how we envision the future of Ryo development.