Ratecoin price is $0.00005831
As of now, the current price of Ratecoin (XRA) stands at $ 0.00005831. In the last 24 hours, the price has increased by +0.00%. Remember, the price of cryptocurrencies can be highly volatile, hence, it is crucial to monitor it regularly.
Ratecoin (XRA) is a digital currency designed for use in peer-to-peer transactions as a way of transferring value. It operates on a decentralized network, similar to other cryptocurrencies. One thing to note is that Ratecoin works on a Proof of Stake (PoS) system rather than the more commonly used Proof of Work (PoW) system, which sets it apart from many other cryptocurrencies.
The precise creators of Ratecoin are not very well known. It is understood that this cryptocurrency was developed and launched by a tech-savvy team passionate about the potential of blockchain technology and its ability to revolutionize financial transactions. For more information, you can visit their official website at stakeminers.com.
Ratecoin is based on the Proof of Stake algorithm, which means that the creation of new blocks and the security of the network depend on holding and 'staking' coins. Unlike with Proof of Work cryptocurrencies like Bitcoin, there's no need for massive computational power and energy consumption in order to secure the network. With PoS, users who hold and stake their XRA tokens are chosen at random to create the next block. The more coins you're staking, the better your chances of being selected.
Ratecoin's unique feature lies in its use of the Proof of Stake (PoS) system. This system offers several benefits over the traditional Proof of Work system. It encourages holding and staking the coins, which can potentially lead to a higher demand and thus, higher price per coin. This system also allows the network to operate more efficiently, as it doesn't require the massive energy consumption associated with PoW cryptocurrencies.
The total supply of Ratecoin is 75.0M XRA tokens. The circulating supply of coins currently stands at XRA. The market cap of Ratecoin, which gives an idea of its overall value, is $ making it rank #1 in the list of cryptocurrencies by market cap.
Ratecoin (XRA) is available for purchase at several digital currency exchanges. The choice of exchange may vary based on your preference for the trading platform, the fees, the available trading pairs and the geographical restrictions. Always remember to use a reliable and trusted exchange. Do remember that the list of exchanges available might change and it's important to keep up to date.
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