RICE ECONOMY TOKEN (RET) STAKING

1 ABSTRACT

It is human nature that people always try to avoid middlemen in businesses. Since the invention of
Ethereum (ETH), and its Smart Contract feature in 2015, people in the spirit of libertarianism have
started to use it to overthrow status quo, the traditional financial system, which is unfair, use too
many middlemen, and it always ends up in the high-cost economy affecting from financial industry
to goods distributions. The ultimate replacement of traditional business process is Decentralized
Finance (DeFi) which is run using Smart Contract Dapps (decentralized application) on ETH
blockchain. At First, they created centralized stable coin like USDC & USDT, decentralized stable coin
like DAI, then synthetic asset token like WBTC, security token and finally DeFi lending and borrowing
platform for all asset exchange transaction, e.g. LEND/AAVE, KAVA, CRV, and many more.

In 2017, Justin Sun has created TRON, a blockchain based operating system with similar features like
ETH, has smart contract feature and much faster transaction per second (140-150 tps compared to
ETH which has 18 tps) because it is using Proof of Stake (PoS) minting techniques. In 2020, Tron
Foundation embark to DeFi space, with the creation of SUN MARKET and JUST NETWORK, where
SUN functions as the main Tron’s DeFi platform while JUST functions as oracle blockchain that run on
TRON blockchain. Both SUN and JUST has completed TRON Blockchain as DeFi platform at level
playing field with ETH network.

Let’s imagine DeFi as composable of Lego bricks! RET(RICE ECONOMY TOKEN), and RIC (Stable Rice
Token) will be created and can be integrated with SUN MARKET products, all is running on Tron
Blockchain.

Digital Smart Contract enables you to almost exchange anything on values with transparent way, and
avoiding middleman, thus DeFi streamlines the business process and resulting highly efficient
economy. It can be programmed to receive and re-distribute digital asset with custom rules and
criteria and recorded in public blockchain.

In other words, DeFi (decentralized Finance) is to create composable basic financial services
implemented as smart contract with some degree of decentralization. Not only lending or
borrowing, but also investing, arbitraging, fund pool, fund raising, collateralized debts are many
functions that can be created in DeFi. The system itself does not requires custodian in nature, but
the product offered like synthetic asset have been backed by private entity as custodian. In other
word, DeFi is Non-Custodial Finance.

According to DeFipulse.com, in 2020 alone from June to December, the total money pool in DeFi
apps grow from 900 million to 14,7 billion USD, that is almost growing staggering 15 folds in less
than 6 months. The value of cryptocurrency locked on DeFi platforms has been reflected in the rise
of all Bitcoin/crypto market cap combined in 2020, and We are optimistic that 2021 will be the
experiment year of stable coin, which will be integrated into DeFi, and will change the form of
world’s money market relentlessly
2 Problem

Indonesia one of the highest GDP growth countries and 4 th largest population in the world will
always face food security problem. The problem is ensuring, food availability, food access, food
utilization and nutrition to all its people.

The most basic staple needs for Indonesian is rice, and as it happened twice in 1965 and 1998, the
lack of rice supply created inflation and had brought down the government, while too many supplies
mean deflation and bad for paddy farmers income in rural areas. That is why BULOG (State owned
Logistics Agency) is created in 1967, which mainly functions as government agency that to ensure
the supply and stabilize the price of staple. If the price of rice is rising, BULOG will import the supply
from Thailand and Vietnam and if the price is falling, BULOG will buy from the market and stock it in
their warehouse.

As time progress, BULOG face some challenges as this agency is not designed for business. It was
created in 1967, back then Indonesia had 150 million people, and now Indonesia has 267 million
people, and the paddy field growth from 1967 to 2014 is only from 7 million Hectare (ha) to 9 million
hectare (ha) but from 2015 onward we see reduction in paddy field area, while the bio-technology
help to ensure higher productivity per hectare from 1,76 ton/ha in 1967 to 5 ton/ha in 2019.
Although, in general the data is comforting but the growth trend for paddy field and productivity has
flatten since 2015. We predict BULOG will have difficulties to keep up with rice demand in near
future. If this trend continues, one day rice could be a luxury staple and could be replaced by
synthetic rice.

Table 1 Paddy Field land Area Size

Rice can be put in storage as grain and as rice itself. The challenge of storage is the time decay
consideration. The grain in average can be stored for 1 year while the rice itself can only be stored
for 6 months. Due to lack of experience in supply and demand data reading, BULOG waste 20.000
ton decayed rice every year, that translates to US$20.000.000/year (assuming US$1/kg premium
rice) of Indonesian government budget, or almost 30% of BULOG’s rice stock.
3 SOLUTIONS

Rice backed token (RIC) will be created to ensure the rice distribution, access and availability, and
last but not least help reducing/erasing BULOG US$ 20 million loss each year. For start, we create RIC
with premium rice as asset backing, and if it works we can create another version of RIC (let says
RIC2) for medium grade rice.

1 RIC is equal to 1 kg premium rice (it can be Cianjur or Nganjuk grade rice). It will be backed by paid
purchase order issued by BULOG and insured by State Owned General Insurance Company.

The total supply of RIC is infinite, when RIC is exchanged to Rice, the token will be burnt, while the
paid P.O (voucher) is issued, RIC will be minted.

RIC token will be audited monthly and the audit result will be published on our website.

RIC token can be saved and loaned in RET DeFi that will be created, people can earn interest from
RIC saving.

3.1 RET Crowdfunding

RET (Rice Economy Token) token will be created as governance token, the token holder of RET will
entitled to 30% revenues stream of RET DeFi, such as 30% of transaction fee out of 0,35% charged
per transaction in RET DEFI, 30 % fee out of tx fee in all RIC transaction out of 0,35%, reduction of
interest rates loan by 20%, all will be distributed as half yearly dividend derived from all DeFi and RIC
transaction.

RET also also function as crowdfunding token, all RET distribution will finance RIC minting.

Only 269.000 RET will be minted in total.

All revenues stream for RET holders will be calculated & distributed automatically every 6 months by
smart contract directly to separate wallet which will be distributed to all holder in TRON WALLET
such as TRONLINK after wallet snapshot date (comparable to cum dividend in stock market).

3.2 RET STAKING

Nowadays, crypto community does not trust ICO anymore, they prefer staking as the new token can
be swap directly to native coin as soon as possible, and developer can get instant capital from
unstaking fee which can be used to develop their program.

In order to have RET, you must stake TRX coin with following scheme:
 RET token staking crowdfunding
Rounds Ratio RET/TRX 1 TRX equals to maximum staking day TOKEN PER DAY number of RET token total token referral
round 1 25641 0,00003900 7 0,00000557 RET60.000 RET269.000 6.000
round 2 28846 0,00003467 10 0,00000347 RET40.000 RET269.000 4.000
round 3 32051 0,00003120 10 0,00000312 RET30.000 RET269.000 3.000
round 4 32308 0,00003095 10 0,00000310 RET25.000 RET269.000 2.500
round 5 34188 0,00002925 10 0,00000293 RET18.000 RET269.000 1.800
round 6 38462 0,00002600 10 0,00000260 RET10.000 RET269.000 1.000
round 7 43956 0,00002275 10 0,00000228 RET7.000 RET269.000 700

3.2.1 RET TOKENOMICS

Total RET supply for Staking : 190,000 RET (72,7%)

79,000 RET are reserved for team and 10% referral.

Token Type : TRC-20

Total Supply: 269,000 RET

Maximum Staking period : 3 days for round 1, and 7 days for round 2 onwards.

Unstaking Fee: 10%

Unstaking Fee Fund proceed to Justswap pool liquidity and Hotbit/Cointiger listing, the rest will be
used to buy Rice Bulog’s Voucher as underlying for RIC token.

3.2.2 RIC tokenomics

Total supply : infinite

1 RIC = 1 Kg premium Rice, insured by BULOG VOUCHER and JAMKRINDO insurance.

Type of token : TRC-20

4 ROADMAP

November-December 2020

- Idea creation
- Team creation

January 2021

- RET Staking commences

- DeFi website development beta version for RET, USDT, TRX (DeFi whitepaper will be
released separately at the start of DeFi launch)
- JUST oracle deployement
- RIC token creation
- Hotbit or Cointiger listing

March 2021

- Internal exchange RIC with RET, USDT, TRX pairing

June 2021

- Launching RIC mobile android wallet with IDRT pairing

AUGUST-OCTOBER 2021

- Rice Automatic Vending Machine, where people can buy RICE using RIC token or TRX and
BCH.

5 TEAM

Here is our team, although all our staking is done by smart contract, we must know the men behind
it. Smart contract can make a notion that “We must TRUST THE CODE MORE THAN THE PEOPLE” that
is why we will audit our Smart Contract before launching the website. However, we also need to
trust the men behind the code, will they execute the plan on our roadmap?

The team consists of experts in Small Medium Enterprise patronage, agro businesses and
cooperative (koperasi) managerial. They will commit to RET project in the long term so the RET
token hodlers will one day start receiving their patronage dividend, since RET project is under
cooperative scheme.
LINKEDIN

GIDEON IVAN-CEO
Linkedin

Wisnu- COO
Linkedin

Raymond- CFO
LINKEDIN

EKA SUWANDANA-CTO
 LINKEDIN Aristiawan Dwi Susilo-advisor

6 Disclaimer

Any staker participate in staking TRX and receiving RET (RICE ECONOMY TOKEN) products or services
expressly acknowledges technical and market uncertaintes which are inherent in any business
development project as presented in this White Paper (see below for risk factors) and that this project
may therefore never come to fruition or may have to be abandoned, without the RET being used.

In such a case, the staker expressly acknowledges and accepts that it will not be entitled to sue or bring
any direct or indirect legal action before the courts, the arbitration bodies or any alternative dispute
settlement body, either in Indonesia or abroad, against the Cooperative, its directors, shareholders,
employees or subcontractors in the event of the non-performance, non-deployment or non-
implemention of the project, even in cases where its RET have lost some or all of their value.

RET is issued by smart contract and governed by smart contract, once smart contract is deployed it can
not be changed. Although RET is born from cooperative business environment, there is no entity control
it, we use to call DeFi is a DAO (DESENTRALIZED AUTONOMOUS ORGANIZATION). The team only design
the SMART CONTRACT, but day to day technical operation is controlled automatically by algorithm
written in SMART CONTRACT.

In addition, the RET DAO (DESENTRALISED AUTONOMOUS ORGANIZATION) may not be held liable for any
of the following:

i. use of services that are not compliant with the applicable terms;
ii. non-performance, failure, malfunction or unavailability of the services due to a third party, the
buyer, a third-party product, or the buyer’s breach of its obligations;
iii. indirect damages such as business loss or disturbance, loss of orders, operating loss, infringement of
the trade mark, loss of profits or clients (e.g. improper disclosure of confidential information
concerning said clients due to failure or piracy of the Platform, third-party proceedings against the
client, etc.);
iv. loss, disclosure or unlawful or fraudulent use of user sign on by the buyers or third parties;
v. suspension of access or temporary or permanent suspension of services (in particular, arising from a
request issued by an appropriate administrative or judicial authority, or notification received from a
third party);
vi. loss, alteration or destructoon of all or part of the content (information, data, applications, files or
other items) hosted on the infrastructure, insofar as the Company is not responsible for managing
the continuity of buyers buyers’ activities, and data backups in particular;
vii. mismatch between the services and the buyer’s needs (in particular, with regard to the sensitivity of
the relevant data);
viii. security incidents relating to use of the Internet, concerning in particular the loss, alteration,
destruction, disclosure or unauthorized access to the buyer’s data or details on or via the Internet;
and
ix. damages to systems, applications and other items installed by the buyer on the infrastructure.

6.1 GENERAL WARNING

This White Paper does not constitute an offer or an invitation to sell shares, securities or rights belonging
to RET DAO or any related or associated company. None of the information or analyses in this White
Paper is intended to provide a basis for an investment decision, and no specific investment
recommendation is made. Accordingly, this White Paper does not constitute investment advice or an
invitation to invest in any security or financial instrument of any nature whatsoever. This White Paper
does not constitute or form part of, and should not be construed as, an offer for a sale or subscription, or
an invitation to buy or subscribe securities or financial instruments. This White Paper, or any of its
component parts, does not constitute the basis for, or should not be used as a basis for, or in connection
with, a contract for the sale of securities or financial instruments or a commitment to sell securities or
financial instruments of any kind. The RET DAO expressly disclaims any liability for any direct or indirect
loss or damage of any kind arising directly or
indirectly from:
1. any reliance on the information contained in this White Paper;
2. any error, omission or inaccuracy in said information; or
3. any resulting action that may be brought.