RupiahToken (IDRT) is a crypto asset whose price is designed to mimic the value of the Indonesian Rupiah. IDRT is issued by an Indonesian startup, PT Rupiah Token Indonesia. According to its whitepaper, PT Rupiah Tokens may work with third-party market makers or independent traders on cryptocurrency exchanges to help ensure that IDRT is trading close to the Rupiah. Branding and market education also help build market consensus among traders that the value of IDRT is in line with the Rupiah.

The key benefits of IDRT are detailed as follows:

As part of the Ethereum blockchain protocol, all transactions on the Ethereum network require the transaction originator to pay a "gas" fee in the form of Ethereum (ETH), the Ethereum blockchain's native crypto assets. This "gas" cannot be paid with IDRT or another ERC-20 token. However, the trade-off may one day be resolved with sidechain technologies such as Plasma and Raiden Network.

Jeth Soetoyo is the CEO and the founder of the Rupiah Token platform. The other team members comprise Anthony Thio, the CPO and the COO; Purwoko and Evan Leonardi, the VP of Engineering; and Fengkie Junis, the Smart Contract Engineer. The total supply of the Rupiah Token is 130,112,000,000 tokens.

We update our Rupiah Token to ARS currency in real-time. Get the live price of Rupiah Token on Coinbase.

The current market cap of Rupiah Token is ARS 16.68B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Rupiah Token is ARS 0.36. This all-time high is highest price paid for Rupiah Token since it was launched.

Over the last 24 hours, the trading volume of Rupiah Token is ARS 8.83M.

Assets that have a similar market cap to Rupiah Token include Cointel, RichQUACK.com, Aerobud, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Rupiah Token is 230 billion.