About Ripio Credit Network
RCN is an open-source global credit network that connects lenders, borrowers and originators on the blockchain to create frictionless, transparent and borderless loan markets. The RCN Credit Marketplace is a proprietary Decentralized Application (dApp) that allows users to access the RCN protocol and connect with its features. By combining digital lending and borrowing tools with all the transparency and security of the blockchain, the RCN Credit Marketplace enables creditors to lend Decentralized Finance (DeFi) and Centralized Finance (CeFi) loans, borrow Peer-To-Peer (P2P) loans and manage everything in one place. RCN is powered by its own open-source blockchain lending and borrowing protocol, which in turn runs on the Ethereum network. Composed by a modular set of smart-contracts, the protocol’s current version RCN Protocol v4.0 “Diaspore" allows its users to denominate, collateralize, receive, repay, fund, transfer and collect loans. In addition, it is compatible with a wide variety of Oracles, Loan Types and Backings.
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Market Stats
Market Cap
₹16.46M
-0.01%
FDV
₹31.00M
Circ. Supply
531M RCN
Max Supply
Not enough data
Total Supply
1B RCN
Diluted Valuation
₹30.76M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹51.31K
-0.51%
Volume (7D)
₹390.26K
Volume (30D)
₹1.48M
All time high
₹44.85
Price Change (1Y)
-77.99%
Additional details
Recent trends
The latest RCN price is ₹0.0309. Compared to Ripio Credit Network's value of ₹0.03 from 24 hours ago, there's been a 0% increase, while the current price is 7% up from ₹0.03 which was recorded one week ago. Ripio Credit Network's all time high is ₹44.85, which was reached on January 4, 2018. This is a -100% change from its price today.
The market cap is currently ₹16.46M, which is a result of multiplying the current price of Ripio Credit Network(₹0.03) by the total supply(999,942,647 RCN). The fully diluted valuation of Ripio Credit Network is ₹31.00M. The diluted valuation of Ripio Credit Network is ₹31.00M.
Market details
RCN vs markets
↘ 84.23%
RCN vs BTC
↘ 86.32%
RCN vs ETH
↘ 69.19%
Tags
services
defi
lending-borowing
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xF970b8E36e23F7fC3FD752EeA86f8Be8D83375A6 |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹0.0309 | ↗ 0.06% |
1 Day | ₹0.0308 | ↗ 0.06% |
1 Week | ₹0.0286 | ↗ 6.61% |
1 Month | ₹0.0309 | ↘ 1.80% |
1 Year | ₹0.14 | ↘ 77.99% |
FAQ
Ripio credit network (RCN) is an open-source network that bridges lenders and borrowers and creates frictionless, transparent, and borderless loan markets. The network solves the problem in the traditional banking institutions and various P2P lending alternative platforms. The problems include unbanked population across the globe, focusing on geographical locations to offer credit, loans based on risk capacities, risk evaluation, etc. The Ripio credit network relies on smart contracts to ensure standardized lending through blockchain technology. The network uses Ethereum blockchain to connect credit supply and demand across borders and creates a new ecosystem of decentralized lending and borrowing solutions for multiple users. According to the whitepaper, the network aims to bring transparency and reliability in credit and lending.
The network supports both DeFi and CeFi loans, allowing lenders to access multiple lending alternatives within the platform. Also, the network supports multiple currencies for the ease of platform users to lend or borrow currencies. The P2P loans on the network remain stable during the term to receive a fixed amount from the borrowers. Moreover, borrowers can request funds in a customizable pattern, putting their needs and preferences first. The network also connects corporate borrowers with global retail lenders. RCN provides direct access to funding and removes third-party involvement. As a result, the operation and financing costs get reduced.
RCN is the native token of the Ripio credit network. Users can use RCN to facilitate transactions with other users of the network. Also, users need RCN tokens to access the Ripio credit network. The network also uses RCN tokens to incentivize platform users who participate in the network.
Sebastian Serrano, the CEO, founded the Ripio credit network in 2016. The total supply of the Ripio credit network is 999,942,647.35309003174008 RCN.
We update our Ripio Credit Network to INR currency in real-time. Get the live price of Ripio Credit Network on Coinbase.
The current market cap of Ripio Credit Network is ₹16.46M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Ripio Credit Network is ₹44.85. This all-time high is highest price paid for Ripio Credit Network since it was launched.
Over the last 24 hours, the trading volume of Ripio Credit Network is ₹51.31K.
Assets that have a similar market cap to Ripio Credit Network include Utherverse Xaeon, CashCow, Functionland, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Ripio Credit Network is 531 million.
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