Rubic

Halal Rating :
Comfortable
Last Price $0.023 Last updated:
Rank 1584
1D Change -1.31 %
Market Cap $3.78m
Circulating supply 165,283,584
Maximum supply None

Crypto Overview

Overview

Rubic is a multi-chain DEX aggregator protocol that aims to enable cross-chain swaps across different blockchain networks. The RBC token serves as the platform's utility token, used for governance and fee reduction on the platform.

Purpose and Utility

The primary purpose of Rubic is to facilitate cross-chain trading and token swaps with optimal rates by aggregating multiple DEXes and bridges. The RBC token provides utility through governance rights and trading fee discounts.

Business Model Analysis

The platform generates revenue through trading fees from swap transactions. The business model is transparent and based on providing a legitimate service in cryptocurrency trading and exchange.

Real-World Adoption

Rubic has established partnerships with multiple blockchain networks and DEXes. The platform processes regular trading volume, though exact figures fluctuate. The project maintains active development with regular updates to their cross-chain infrastructure.

Token Distribution and Vesting

The token distribution includes allocations for the team, development, marketing, and community. Team tokens have vesting periods to align long-term incentives.

Technology and Revenue Model

The core technology focuses on cross-chain trading infrastructure without involving interest-bearing mechanisms or lending. Revenue is generated purely from trading fees.

Rating Justification

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