Price for today
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Name: Ripio Credit Network
Symbol: RCN
Circulating supply: 0 $
Max supply: 0 $
Price: 0 $
Volume 24h: 0 $
Market Cap: 0 $
Percent change 24h: 0 %
Launched in 2018, Ripio Credit Network is a Latin American blockchain platform that simplifies the process of issuing loans and credits with a decentralized lending system. The project’s key goal is to facilitate the communication between lenders and borrowers and support a reliable and convenient system of interaction between users. To start using the Ripio Credit Network, users only need a stable Internet connection. Ripio Credit Network also offers a flexible system of settings that allows users to carry out a loan procedures on the terms that satisfy all participants of the RCN blockchain.
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.
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.
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.
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:
The RCN network offers a decentralized marketplace for lending and borrowing assets, with cryptocurrencies acting as collateral. It is powered by Ethereum smart contracts and uses modified smart contracts on the RCN Protocol v4.0 commonly referred to as “Diaspore."
This allows users to interact with assets locked in the smart contracts in various ways. Users can not only borrow or lend assets using RCN, but also transfer loans, set up payment periods, or fund other users. Each smart contract contains the number of tokens, as well as other involved users. Additionally, these contracts include the payment schedule and contract breach conditions.
The RCN ecosystem is interconnected with the RCN Credit Marketplace, which allows users to control all of their financial operations in one place. The platform uses Chainlink oracles to produce fair prices and rates so that users can easily find the best deal for them.
Finally, the RCN token acts as a facilitator of transactions on the network. It can be used for paying smart contract deployment fees and collateralizing assets.
There are 508 million RCN tokens in circulation. This is about half of the maximum supply that will ever be released to the public. However, the release schedule of the remaining RCN tokens hasn’t been released yet. As such, it’s difficult to predict the number of tokens that will be added regularly in circulation.
Before you proceed with an RCN exchange, you need to thoroughly analyze the market first. The best approach is to apply technical analysis and predict the most optimal market entries and exits for maximum profits. Once you have done that, ensure to follow the general macro trends of the market — RCN closely follows them.
Finally, choose a reliable exchange to get Ripio Credit Network. Godex should be one of your top choices. Using our platform is extremely simple, meaning that regardless of your skill level, you can quickly acquire RCN in your wallet by following these steps:
You should receive your RCN in a matter of minutes, depending on the load of the blockchain. It’s as simple as that!
