What Is Ripio Credit Network (RCN)?
Welcome to our Ripio Credit Network exchange page. Here, you can easily swap RCN tokens for 300+ different cryptocurrencies (and vice versa). Read on to learn more about this cryptocurrency and the advantages of exchanging it on our platform.
Ripio Credit Network is a decentralized protocol that fits directly in the rising DeFi ecosystem. More precisely, RCN is a decentralized application on the Ethereum network that allows users to access different lending instruments, as well as borrow funds using crypto as collateral.
To achieve this, RCN crypto provides the Ripio Credit Marketplace that helps you manage your lending and borrowing activities in one place. Its goal is to provide a one-stop shop for both centralized lending and peer-to-peer borrowing. Consequently, you can easily compare the lending and borrowing rates of available lending platforms. This helps you determine the best deals for you and make an informed choice to maximize your returns or pay the least interest.
The RCN network was launched in 2017 during the ICO boom. Its native token, RCN, is used within the network for collateral and earnings on loans. It is also used to pay for the fees of the smart contract deployment.
Ripio Credit Network Price Index
Shortly after its launch in 2017, the RCN price skyrocketed, as it was one of the few lending protocols at that time. However, the ensuing bear market pushed the price to new lows. This happened to a lot of successful projects. While many of them disappeared, RCN is still around.
In the following years, the RCN price chart showed slow but steady growth. While it never managed to reach previous heights, it has once again shown some profit opportunities during the latest bullish cycle in the crypto market.
The Ripio Credit Network price USD has been declining lately due to the increased competition in the DeFi and CeFi ecosystems. However, we can expect some upward momentum as the RCN token has been listed on some popular decentralized exchanges lately.
If we compare it to other top cryptocurrencies like Bitcoin, we can see that the price of RCN follows the macro trends in the market. This also means that the RCN token can potentially enter a bullish trend once the market recovers.
Circulation of Ripio Credit Network
The total circulation of tokens is an important metric when trying to assess the value of a digital asset. The more tokens there are, the lesser their value. As tokens become more scarce over time (like Bitcoin), this gives them increased value (because the demand increases).
At the moment, there are 508 million RCN tokens in circulation, 85 million of which were sold during the 2017 ICO. The maximum supply of the RCN cryptocurrency is just under 1 billion, although the release schedule hasn’t been shared by the developing team.
Ways of Buying RCN
Today, one of the best ways to buy Ripio Credit Network is by exchanging other cryptocurrencies. While there is a small number of exchanges that feature it for trade, they offer a very limited market pair selection (ETH and BTC mostly).
So, if you want to have more options, your best bet is to opt for an RCN exchange on Godex. We offer more than 300 coins and tokens to convert to RCN. However, that’s only one of the wide array of advantages that you will find on Godex:
- Full anonymity. You don’t need to create an account or pass through KYC to exchange RCN on Godex. Simply enter your wallet address and sign the transaction to get your tokens directly in your wallet in a few minutes.
- Affiliate program. You can get up to 0.06% of each of your referrals’ transactions.
- Ease of use. No complicated charts or steps to conduct your Ripio Credit Network exchange. Swap tokens in just a couple of clicks.