Live RAI Price Analysis
The current real time Rai Reflex Index price is $2.97, and its trading volume is $0 in the last 24 hours. RAI price has plummeted by
0.15%
in the last day, and decreased by
0.58%
in the last 7 days. It's important to note that current Rai Reflex Index market capitalization is $3,981,947, Talking about circulating supply, RAI has 1,342,027 coins. Currently, Rai Reflex Index rank on the market is #982.
Rai Reflex Index price today is
36.69%
below
all time high, and it is
658.75%
above
all time low.
All data and prices are updated in real-time. The most active and popular exchanges for buying or selling RAI are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.
What is Rai Reflex Index?
The Rai Reflex Index token or RAI is a stablecoin backed by ETH. It’s based on a “managed float regime”.
RAI is unique compared to other stablecoins on the market as it is not pegged to the value of another fiat currency. It’s the first stablecoin that’s not pegged to fiat.
One of the main goals of the entire Rai Reflex Index project is to become a type of digital asset that’s free from the influence of fiat currencies.
It’s an open-source project. This means that Reflexer source code is publicly available for anyone to review.
RAI can be minted on the Reflexer platform. The latter is a stablecoin minting platform. It’s important to note that users who mint on Reflexer are charged transaction fees and, if required, a stability fee and a redemption rate fee.
It’s important to keep in mind that users who mint must make sure that their collateralization ratio is over the liquidation ratio. Failure to do this will result in liquidation and a penalty fee.
In addition to minting RAI, users can acquire it via a secondary market or a supported exchange.
There is no max cap of RAI.
RAI is a cryptocurrency which means that, like many other cryptocurrencies, it goes through periods of volatility. To put it simply, the RAI price experiences fluctuations.
This makes it extremely important to do your research before making a purchase decision regarding any crypto project. In the case of RAI, you can start by checking out the Rai Reflex Index price on the graph above.
Furthermore, RAI announced a bug bounty program. This means that independent developers can scour the smart contracts for vulnerabilities and earn rewards by submitting proposals on how to eliminate them. The maximum reward reaches 100,000 US Dollars.
Who Developed Rai Reflex Index?
The Rai Reflex Index crypto project was launched in 2020 by Reflexer Labs.
Don’t forget to check out the graph above for more detailed information on the RAI price and its current trends.
What's Rai Reflex Index trading volume in the last 24 hours?
RAI has a trading volume of $0 in the last 24 hours.
What's Rai Reflex Index highest price ever?
RAI has a highest price of $4.69, which was reached on Nov 10, 2022 (2 years 2 months ago).
What's Rai Reflex Index lowest price ever?
RAI has a lowest price of $0.3911, which was reached on Dec 11, 2022 (2 years 1 month ago).
What are the best exchanges for buying and selling RAI?
Currently, the most active and dominating exchanges for buying and selling Rai Reflex Index are Binance, Kraken & Kucoin. The most popular Rai Reflex Index trading pairs are RAI/USDT
(on
Gate.io
)
.
Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for keeping RAI?
According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Rai Reflex Index. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.
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