RCN Price usd_ripio-credit-network Price today

RCN ripio-credit-network

Go trade

the website

＄0.001364 +8.94%

Glob. Mkt Cap Rank： Unranked

2024-08-07:09:36:26update

24H High

0.010811

24H Turnover

35.42

Max Supply

0.0

24H TR

0.0%

24H Low

24H Vol

3569.13

Curr. Issued

508404745.0

24H High-Low

+8.94%

ATH

3.69

Highest Mkt Cap

504.54千万

Circulating Supply

508404745.0

Dominance

ATL

0.00

Mkt Cap (Float)

504.55千万

Circulating Supply

50.84%

Issue Date

2017-10-27

Introduction

Latest News

News Flash

Basic information

Full Currency Name	/RCN
Currency Code	RCN
Coin Intro	"RCN tokens are the coins issued by the Ripio Credit Network platform, launched on October 27, 2017, with a total supply of 999,942,647 RCN. The Ripio Credit Network is a protocol based on blockchain smart contract technology. It has an ambitious goal: to connect any two credit lenders (borrowers and lenders) in the world through the RCN protocol, regardless of whether you are from Venezuela, Argentina, or China, and no matter what currency you use - be it Renminbi, Euro, or others. By connecting all parties involved in the loan chain through the smart contract mechanism, Ripio Credit Network reduces the intermediary fees and administrative costs associated with traditional banks, ultimately providing a better service experience for borrowers and lenders alike. This network aims to standardize the model for credit lending services using the smart contract protocol and blockchain technology, linking several key industry players. It offers improved fund management tools for financiers (lenders), reduces transaction costs for both parties, and ultimately connects borrowers, lenders, and related institutions, enabling people around the world to access credit lending through their local currencies. Transactions between Ripio Credit Network agents require the use of RCN tokens. Borrowers must pay RCN tokens to identity verification providers for identity verification. Credit rating providers receive RCN tokens for providing borrower credit ratings. Co-signers collect RCN tokens as commission for co-signing smart contracts with borrowers. When lenders agree to smart contracts listed on the credit exchange, the credit exchange sends RCN tokens equivalent to the loan amount through the smart contract to the digital wallet provider. Finally, the digital wallet provider exchanges RCN tokens for local currency and provides it to the borrower. Note that only lenders and intermediaries use RCN tokens, while borrowers deal exclusively with local currency. This lowers the threshold for borrowing from the Ripio Credit Network (after all, currently, only a few people know how to use tokens). Since lenders need RCN tokens to complete loan investments and pay network agents, the more people use Ripio Credit Network, the more valuable RCN tokens become. RCN Founding Team and Background: The Ripio team currently consists of 12 members. The company was founded in 2013, and as early practitioners of blockchain, they have extensive experience in blockchain development. Ripios CEO, Sebastian Serrano, is also the CEO of devsAr, a website and mobile development agency. Several core team members have also worked there. Ripios advisors include Sergio Demian Lerner, co-founder and chief scientist of RSK, Juan Llanos, head of Fintech & Regtech at Consensys, and Jeff Stewart, co-founder and chairman of Lenddo. The current price of RCN is $0.0013048, with a 24-hour trading volume of $562.03. RCN has dropped 8.46% in the past 24 hours. Currently, it ranks 376th in market capitalization on BeeChecker, with its market cap not yet available. Its circulating supply is 530.848 million RCN, and its total issuance is 999.942 million RCN."
Issue Date	1509062400000
All-Time High	$0.516849
All-Time Low	$0.00066327232
Total Supply	999942647.353
Circulating Supply	530848856.408
Circulating Supply Percentage	0.5308793037413071
Market Cap	NaN
Fully Diluted Market Cap	$1.3048956392189679e-12
Mkt Cap (Float)	$
Circulating Market Cap % of Global Total
Listed on Exchanges	2
Official Link	https://ripiocredit.network/
Whitepaper	https://ripiocredit.network/wp/RCN%20Whitepaper%20ENG.pdf
Blockchain Explorer	"https://etherscan.io/token/0xf970b8e36e23f7fc3fd752eea86f8be8d83375a6", "https://ethplorer.io/address/0xf970b8e36e23f7fc3fd752eea86f8be8d83375a6"
Telegram	"https://t.me/RCNchat"
Github	https://github.com/ripio/rcn-token
Twitter	https://twitter.com/RCN_token
FaceBook	https://www.facebook.com/ripiocredit
Reddit	https://www.reddit.com/r/RipioCreditNetwork

Currency Introduction

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RCN (Ripio Credit Network) is a protocol based on blockchain smart contract technology with an ambitious goal: to connect any two credit borrowers and lenders anywhere in the world, regardless of whether you are in Venezuela, Argentina, or China, and regardless of whether you use Renminbi, Euros, or other currencies. By linking various entities in the lending chain through the bond of smart contracts, RCN reduces intermediary fees and administrative costs traditionally associated with banks, ultimately providing a better service experience for both borrowers and lenders.

1. Project Features

RCN attempts to provide a standardized model for credit lending services using smart contract protocols and blockchain technology, connecting several key players in the industry. It aims to offer better fund management tools for financiers (lenders), reduce transaction costs for both parties, and ultimately connect borrowers, lenders, and relevant institutions, allowing people around the world to engage in credit lending using their local currencies.

2. Project Application Scenarios

Several critical roles exist within the RCN network: borrowers, lenders, borrower identity verification agencies, credit rating agencies, and co-signer guarantor institutions. Through co-signer guarantors, the risks for lenders can be dispersed.
1. Borrowers initiate credit loan applications through wallet providers.
2. Lenders provide funds (local currency) through credit lending exchanges.
3. Electronic wallet providers generate smart contracts (detailing loan terms; obtaining funds from lenders or credit lending exchanges; distributing funds to borrowers and other relevant service organizations).
4. Credit rating agencies provide credit scores for each borrower, analyzing all available information to assess users at a data level. Credit rating agencies will be able to obtain transaction information from the RCN blockchain (future access open to all) to establish ledgers that track each borrowers default or non-default cases.
5. Oracles set the exchange price of RCN according to the local currency of the electronic wallet provider and determine the exchange rate between local currency and RCN at the time of repayment, ensuring stable funding expectations for both borrowers and lenders.
6. Identity verification agencies are responsible for confirming the borrowers identity, primarily used for fraud prevention.
7. Co-signer guarantors act as guarantors for the borrower, serving as intermediaries between the borrower and the local legal system. Information provided by identity verification agencies and credit rating agencies is used to establish terms, including default terms and the guarantee situation of the guarantor institution to the lenders debt, which are detailed on the same smart contract. Finally, together with the terms provided by the identity ID confirmation provider and the credit rating agency, an executable smart contract is generated, ultimately broadcasted by the electronic wallet provider.
8. Credit lending exchanges match credit loans based on the needs and conditions of borrowers and lenders, matched through smart contracts generated by the electronic wallet provider.

Relevant Links:

http://www.btb8.com/token/2099.html
https://ripiocredit.network/

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Development History