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
$339,325.30
-0.1%
FDV
Not enough data
Circulating Supply
530,848,856.408 RCN
Max Supply
Not enough data
Total Supply
999,942,647.353 RCN
Diluted Valuation
$639,510.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$381.36
-0%
Volume (7D)
$2,401.05
Volume (30D)
$11,980.10
All time high
$0.52
Overall Price Change (1Y)
-0.68%
Additional info about Ripio Credit Network
Recent trends
The price of Ripio Credit Network has increased by 0.68% in the last hour and decreased by 0.02% in the past 24 hours. Ripio Credit Network’s price has also fallen by 0.19% in the past week. The current price is $0.000642 per RCN with a 24-hour trading volume of $381.36. Currently, Ripio Credit Network is valued at 99.88% below its all time high of $0.52. This all-time high was the highest price paid for Ripio Credit Network since its launch. The current circulating supply of Ripio Credit Network is 530,848,856.408 RCN which means that Ripio Credit Network has as total market cap of $339,325.30.
Market details
RCN vs markets
↘ 73.32%
RCN vs BTC
↘ 75.92%
RCN vs ETH
↘ 38.48%
Tags
services
defi
lending-borowing
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xF970b8E36e23F7fC3FD752EeA86f8Be8D83375A6 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000642 | ↘ 0.02% |
1 Day | $0.000640 | ↘ 0.02% |
1 Week | $0.000641 | ↘ 0.19% |
1 Month | $0.000637 | ↘ 1.14% |
1 Year | $0.0020 | ↘ 68.47% |
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 USD currency in real-time. Get the live price of Ripio Credit Network on Coinbase.
The current market cap of Ripio Credit Network is $339.33K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Ripio Credit Network is $0.52. 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 $381.36.
Assets that have a similar market cap to Ripio Credit Network include DuckDAO, Darik, Liquor, 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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Social stats
Popularity in posts
#4535
Contributors
4
Posts
4
% About Ripio Credit Network
0.002%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
5.0 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
4 unique individuals are talking about Ripio Credit Network and it is ranked #4,535 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Ripio Credit Network has an average sentiment score of 100 out of 5. Finally, Ripio Credit Network is becoming less newsworthy, with 0 news articles published about Ripio Credit Network.
On Reddit, Ripio Credit Network was mentioned in 4 Reddit posts and there were 0 comments about Ripio Credit Network. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.