What is Ripio Credit Network?
Ripio Credit Network is global & open source Decentralized Finance project that help user to established connection between Lender, Borrower and loan originator located all over the world. Ripio rebranded version of BitPagos i.e. Latin American Blockchain start-up project with main purpose of democratize the digital currency.
Network is based on RCN Protocol that relies on smart contract and Blockchain technologies, recently 4th version of RCN Protocol was launched. The first version was launched in early 2018, now with new version protocol introduced new feature like Collateral Backed loans and instalment loans. in the new version smart contract will followed modular structure that help to divide smart contract into different layer. The main purpose of updating protocol is adding new feature along with improvement in system performance maintaining scalability and security at same time.
The Network following new architecture under title Diaspore that enable working of five components i.e. Debt Engine, Loan Manager, model and oracle and consigner. The system of credit followed with fixed loan cycle where it starting with Request and once requested accepted user will gets details of lending, instalment and re-payment dates and borrower failed to pay loan then due date will be provided.
RCN Price Prediction
|Month & Year||RCN Price Prediction|
Ripio Credit Network Price Analysis
Ripio Credit Network uses RCN Token in order to give access to the Network, however agent fees also payed using RCN Token. RCN Token supply massively used as borrower local currency, where funds will be provided using token. 2020 is year of DeFi project, as more than 10 projects already in the top 100 highest market cap list. in may 2020 RCN reaches to $0.093 USD that is best price since august 2018 and now it maintained average price of $0.050 USD.
|Project name||Ripio Credit Network|
|Total Supply||999,942,647 RCN|
|Based on||Decentralized Finance|
|All-time high||$0.516849 USD|
|Exchange Platform||Binance, Huobi Global, folgory, DrangonEx, Bittrex, C2CX, VCC exchange, HitBTC, Upbit, Bitfinex, Gate.io, Uniswap, CHAOEX|
RCN ICO Overview
|Raised by||$37,860,000 USD|
|Date of ICO||5th November 2017|
|ICO Price||$0.074 USD|
|Partners||Bancor Network, Coinmanager, Coinomi, Bloom, Request Network, OKLink, Ethereum Enterprise Alliance, Decentraland, civic, Kyber network, Zeppelin.|
Can RCN Reach $1 USD?
Yes, somewhere in 2031
How Much RCN Token Worth in 2030?
Crossing $0.50 USD mark
Is Ripio Credit Network a Good Investment?
Yes, another affordable lending platform.
Ripio Credit Network having huge number active users from Latin America i.e. originated country, however it is one of oldest project that keeps adding new technology as recently after become partner with Bancor and Kyber network to provide liquidity to the user. Right now, demand of DeFi is massively growing and RCN Network provide better solution to loan provider and borrower.