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#962
RAIREFLEX
Rai Reflex Index
RAIREFLEX$2.9512Down 0.29 percent($0.01)
Key Stats
Market Cap$1.52MDown 0.29 percent
Volume (24h)$12.63K
Fully Diluted Value$1.52M
Vol/Mkt Cap (24h)0.83%
Total Supply516.30K RAIREFLEX
Max Supply∞
Circulating Supply516.30K RAIREFLEX
Launch Date2021-02-13
Built OnETH
Token StandardERC20
Smart Contract Address0x03ab…4919
Decimal Places18
Rai Reflex Index Information
Websites
Industries
Stablecoin
Rai Reflex Index Price Converter
USD
Latest Rai Reflex Index News
View allRai Reflex Index Markets
View all| Instrument | Exchange | Benchmark Data | Price | 24h Change |
|---|---|---|---|---|
RAIREFLEX-USDT RAI_USDT | A | 2.89USDT | -2.26% | |
RAIREFLEX-USDT RAIUSDT | D | 2.95USDT | 0.00% |
Rai Reflex Index Supported Platforms
View all| Trading As | Token Standard | Built On | Smart Contract Address | Launch Date |
|---|---|---|---|---|
| RAI | ERC20 | ETH | 0x03ab458634910AaD20eF5f1C8ee96F1D6ac54919 | 2021-02-13 |
| RAI | ERC20 | POL | 0x00e5646f60ac6fb446f621d146b6e1886f002905 | 2021-07-19 |
| RAI | ERC20 | AVAX | 0x97cd1cfe2ed5712660bb6c14053c0ecb031bff7d | 2021-09-23 |
About Rai Reflex Index
RAI is an ETH-backed stablecoin with a managed float regime, where the exchange rate is determined by supply and demand. The protocol tries to stabilize its price by constantly devaluing or revaluing it. There are two parties involved in the supply and demand mechanic: SAFE users who generate RAI and RAI holders who hold, speculate on, or use RAI. Compared to protocols with a fixed exchange rate between their native stable asset and fiat, RAI offers flexibility and discretion in its monetary policy. The protocol can change its target exchange rate for its own advantage and attract or repel capital as needed.