Retail Coins on the Rayls Ecosystem

A retail coin is a digital representation of value issued by an institution, often designed for consumer use in retail payments, settlements, or incentive schemes. Within the Rayls Privacy Node, these coins can be securely minted, programmed, and transacted — either in a private node or across a wider subnet of institutions.

Understanding the Retail Coin Lifecycle

• Issuance Intent
  An institution identifies the need for a retail coin — whether for internal use, consumer payments, rewards programmes, or settlement mechanisms.
• Token Standard Selection
  Depending on the use case, the issuer selects one of the supported standards on the Rayls Privacy Node:
  • ERC-20 – Ideal for fungible retail coins used in payment or reward scenarios.
  • ERC-721 – For unique assets, such as retail vouchers or identity-linked coins.
  • ERC-1155 – For combined or hybrid use cases (e.g., a coin with loyalty points).
• Minting the Coin
  The coin is minted through the Rayls ledger, using verified off-chain data as needed for compliance or governance.
• Deployment in Node
  The smart contract governing the coin is deployed within the issuing institution's node, defining key behaviours such as transferability, expiry, or transaction limits.
• Retail Transactions
  End users interact with the coin inside the ecosystem — for purchases, settlements, or exchanges — under the rules defined in the smart contract.

Benefits of Deploying Retail Coins

• Programmable Rules: Define dynamic conditions such as spending limits, expiry dates, or merchant whitelisting.
• Real-Time Settlement: Transactions occur instantly within the node, reducing reliance on batch clearing or reconciliation.
• Data Sovereignty: All data and logic remain within the institution’s node unless explicitly shared.
• Consumer Privacy: Leverage zero-knowledge proofs or encrypted transfers for privacy-respecting retail transactions.
• Interoperability: Retail coins can interact with other assets or services in the Rayls ecosystem.

Step-by-Step in the Rayls Privacy Node

The Rayls Privacy Node offers a secure and programmable ledger where receivables can be minted as digital assets, verified using off-chain data, and transacted either within a private environment or across a wider subnet.

Step 1: Minting a Retail Coin

Begin by defining the token parameters (name, symbol, supply, metadata) and selecting the appropriate standard:

• ERC-20 – For fungible assets.
• ERC-721 – For unique, non-fungible assets.
• ERC-1155 – For hybrid use cases.
• Minting Tokens in Rayls Privacy Node.

Once minted, the token can be used internally or prepared for sharing beyond the node.

Step 2: Internal Transactions and Contract Logic
To manage the logic around the retail coin — such as mint/burn policies, transaction fees, access controls, or reward triggers — a smart contract must be deployed to the node.

To get started:

• Deploy a Smart Contract - This contract forms the operational blueprint for how the retail coin behaves within the institution’s environment.
• Interact with Smart Contracts - Users (e.g., consumers, merchants, partners) can begin interacting with the coin immediately upon deployment

Transactions are visible in the internal explorer, which provides robust filtering options for compliance audits or user-specific tracking.

Sharing Tokens Beyond Your Node

Retail coins can remain node-local or be registered with a Subnet Operator to allow broader usage across a network of trusted institutions.

Register Your Token in a Subnet

Cross-Node and Subnet Communication Options
Once registered, the coin can be shared or referenced using the following tools:

1. Teleport Atomic Protocol

Used for bridging tokens between nodes. Ideal for transferring value from one institution’s infrastructure to another, with integrity and finality.

• Send Teleports

2. Arbitrary Messages

Facilitates coordination between nodes without transferring the token. Useful for settlement instructions or external validation.

• Cross-Subnet Arbitrary Messages

3. Enygma Protocol

For institutions requiring full sovereignty over token governance and privacy. Recommended when retail coin usage must remain confidential or jurisdictionally isolated.

• A Warm Introduction to Rayls Enygma

Final Note

Retail coins on the Rayls Privacy Node offer institutions a secure, programmable, and private means of issuing digital value at scale. Whether intended for consumer payments, rewards, or intra-group transfers, these assets can be tailored to your specific compliance and business needs — with the option to scale across subnets if desired.

For additional support, please reach out to our technical onboarding team.