What is RIZON?
RIZON is a digital currency and asset hub, a platform where users can have access to stablecoins and where businesses can interact. It’s a Cosmos SDK and Tendermint-based chain.
RIZON features include instant asset exchange between networks using stablecoins to increase liquidity. Also, RIZON allows the tokenization of governance or non-governance assets. All is done with minimal operational costs. RIZON also utilizes the IBC protocol for horizontal business growth. Inter-Blockchain Communication protocol (IBC), among other functions, allows communication and trading between independent blockchains.
Furthermore, RIZON’s network is secured by validators, who run full nodes and participate in community polls to vote against or in favor of proposals. The use of full nodes means that all of RIZON’s transactions are validated. Related to that, RIZON employes the Delegated Proof-Of-Stake (DPoS) consensus mechanism. In other words, users need to stake RIZON native tokens in order to earn the right to vote for delegates and witnesses, roles that are important to check the accuracy of the transactions.
The RIZON native token is called ATOLO. If you are interested in knowing the current RIZON price, you can check the ATOLO price chart featured above.
Use Cases of ATOLO Tokens
ATOLO is a governance token. This means that ATOLO holders can participate in the decision-making processes of the RIZON crypto project.
Since RIZON employs the DPoS mechanism, ATOLO tokens are important for validators as they have to stake these tokens. Besides, they get rewarded in ATOLO coins through block rewards.
Additionally, ATOLO tokens are used to cover transaction fees.
Care to see the main changes in the ATOLO price movements? Check out the RIZON price chart above.
Who Founded RIZON?
There is no available information regarding the founders of RIZON. However, it’s known that it is a South Korea-based platform.
Tokenomics of RIZON
The max supply of RIZON tokens is 2,851,982,500. Since the supply of tokens is fixed, no more than that amount of tokens will ever be minted. Thus, as the demand of the token rises, the RIZON price might increase as well.
