Rubic

Rubic

RBC
$0.019978508%-2.71

Key Metrics

Price$0.019978508
Real Volume (24H)$141,080.91
Marketcap$3,302,119.38
Fully Diluted Valuation$13,177,190
ATH$0.793213
ATH Date2/6/2021, 7:59:08 AM
ATL$0.00066293
ATL Date12/23/2022, 1:41:44 AM
Circulating Supply99M
Total Supply99M
WebsiteN/A
WhitepaperN/A
Popularity Rank1788
Chart
What is Rubic?

Rubic (RBC) stands as a pioneering Multi-Chain Swap Cryptocurrency Protocol, designed to revolutionize the way users can seamlessly swap assets across major blockchains. With Rubic, users can effortlessly navigate the Ethereum, Polygon, BSC, Avalanche, Moonriver, Fantom, Harmony, Solana, Arbitrum, and Aurora blockchains, all from a single, user-friendly interface.

The Multi-Chain Swap Protocol of the Rubic platform comprises two essential components:

  1. Protocol Layer: Each blockchain is equipped with a protocol layer housing smart contracts. These smart contracts facilitate asset management, signature verification by validators and relayers, and consensus building among validators. Additionally, a transaction is deemed valid only if it receives the minimum number of validator confirmations.

  2. Infrastructure Layer: Off-network verification takes place at the infrastructure level. This layer consists of physical servers, each assigned specific tasks such as acting as validators or relayers. Validators track events for the Multi-Chain Routing contract and report them to relayers. Relayers, on the other hand, collect messages from validators and transmit them accordingly.

At the core of the Rubic Multi-Chain Protocol lies the ERC-20 token, RBC, serving as the fuel for the Protocol. The RBC token offers several utilities, including:

  1. Staking: Validators are required to stake RBC tokens to participate in the Protocol.

  2. Governance: RBC token holders have governance rights within the Rubic ecosystem, allowing them to participate in decision-making processes.

  3. Staker Rewards: Stakers are rewarded with RBC tokens for their contributions to the network.

The distribution of the native RBC token is as follows:

  • The team receives 10% of the total token supply. Every three months, 2% of the tokens are unlocked over the course of a year.

  • Approximately 8% of the tokens are allocated for marketing campaigns and bounty programs, while 4% of the tokens remain permanently frozen.

  • A maximum of 8% of the tokens are distributed to MyWish holders, with automatic unlocking occurring every three months over the span of a year.

  • 66% of the tokens are allocated to the market, ensuring liquidity and accessibility.

  • Uniswap Liquidity accounts for 8% of the tokens, further enhancing the robustness of the Rubic ecosystem.

To create a seamless Multi-Chain Smart Routing System, Rubic integrates several decentralized exchanges (DEXs) into its Protocol. This integration allows for the smooth trading of assets, including stablecoins and various other digital assets, across the connected DEXs. By listing every asset on the integrated DEXs, Rubic aims to facilitate efficient and secure asset swaps for users.

The history of Rubic traces back to its co-founders, Vladimir Tikhomirov and Alexandra Korneva, who have been instrumental in shaping the Rubic protocol. Within the Rubic protocol, the total supply of RBC tokens is capped at 124,000,000, ensuring a controlled and sustainable ecosystem.

In conclusion, Rubic (RBC) emerges as a game-changing Multi-Chain Swap Cryptocurrency Protocol, empowering users to seamlessly exchange assets across major blockchains. With its user-friendly interface, robust governance structure, and maximum token supply of 124,000,000 RBC tokens, Rubic paves the way for a more connected and efficient cryptocurrency ecosystem, catering to the diverse needs of traders and investors worldwide.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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