What is Red Ruby Group?
Red Ruby Group Ltd is an IBC (International Business Company) registered in Victoria, Seychelles, operating lifestyle and hospitality businesses in Bali, Indonesia. The group consists of entertainment venues, restaurants, accommodation services, and other merchants that generate income from tourism and hospitality operations.
What is the Red Ruby Token (RRG)?
RRG is a Real-World Asset (RWA) token that provides membership access to the Red Ruby ecosystem. The token represents digital acknowledgment of membership in Red Ruby businesses and provides economic benefits through income sharing, cash-back rewards, and access to exclusive privileges at Red Ruby venues.
What is RWA Tokenization?
RWA (Real-World Asset) tokenization is the process of creating digital tokens linked to real-world business assets and their income streams. In Red Ruby's case, tokens are linked to the economic activity of hospitality businesses, providing members with rewards and benefits without conferring legal equity ownership.
What is the difference between RRG tokens and traditional securities?
RRG tokens do not represent ownership shares in any legal entity, nor do they grant entitlement to profits or dividends under corporate law. Instead, they provide membership benefits, cash-back rewards (7% of business turnover), preferential access to venues and events, and other ecosystem incentives. This is a marketing exercise with benefits of participation without the legal responsibilities of ownership.
