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Cryptocurrencies/Coins/Ribbon Finance (RBN)
Ribbon Finance price, market cap on Coin360 heatmap

Ribbon Finance(RBN)

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$0.870574
(-1.25%)
0.00001257 BTC
Market Cap (Rank#164)
$467,579,839
6,751 BTC
Vol 24h
$858,291
12.3926 BTC
Circulating Supply
537,093,440.46
Max Supply
1,000,000,000

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About Ribbon Finance?

The live price of Ribbon Finance (RBN) today is 0.870574 USD, and with the current circulating supply of Ribbon Finance at 537,093,440.46 RBN, its market capitalization stands at 467,579,839 USD. In the last 24 hours RBN price has moved 0.026541 USD or 0.03% while 975,321 USD worth of RBN has been traded on various exchanges. The current valuation of RBN puts it at #164 in cryptocurrency rankings based on market capitalization.

Learn more about the Ribbon Finance blockchain network and how it works or follow the price of its native cryptocurrency RBN and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Ribbon Finance (RBN) is a novel DeFi protocol that aims to create structured products in the cryptocurrency space. It leverages innovative financial engineering techniques to provide users with optimal yield strategies. Ribbon Finance's unique approach to DeFi offers a new level of sophistication and potential returns for investors.

Technology & Mechanism

Consensus Mechanism

Ribbon Finance operates on the Ethereum blockchain, utilizing its Proof-of-Stake (PoS) consensus mechanism. This ensures the security and integrity of transactions within the Ribbon Finance ecosystem.

Blockchain Technology

As a protocol built on Ethereum, Ribbon Finance benefits from the robustness, security, and decentralization of the Ethereum blockchain. It also utilizes smart contracts to automate and enforce the execution of financial strategies.

Key Features

Scalability

Ribbon Finance's architecture is designed for scalability, allowing for the creation and management of multiple financial products simultaneously.

Security

Security is a top priority for Ribbon Finance. The protocol has undergone rigorous audits to ensure the safety of user funds.

Privacy

While transactions on Ribbon Finance are transparent due to its blockchain nature, user identities remain private, ensuring a degree of anonymity.

Decentralization

Ribbon Finance is fully decentralized, with no central authority controlling the protocol. This ensures fairness and openness in all transactions.

Development Team & Governance

The Ribbon Finance project is spearheaded by a team of experienced developers and finance professionals. The protocol also has a governance model, allowing RBN token holders to vote on key decisions.

Use Cases & Potential Impact

Ribbon Finance's structured products offer a new way for investors to maximize their returns in the crypto space. This could potentially disrupt traditional finance and pave the way for more advanced financial products in the DeFi sector.

Purchase & Storage

How to Buy

RBN tokens can be purchased on several exchanges, including Uniswap and SushiSwap. Users can also earn RBN tokens by participating in the protocol's yield farming program.

Wallets & Storage

RBN tokens can be stored in any wallet that supports ERC-20 tokens, such as MetaMask or Trust Wallet.

Partnerships & Collaborations

Ribbon Finance has collaborated with several other DeFi projects to enhance its product offerings. These partnerships have helped to increase the protocol's visibility and credibility in the crypto space.

Roadmap

Ribbon Finance has a clear roadmap for future development, with plans to introduce more structured products and improve the protocol's user interface and experience.

Risks & Challenges

Like all DeFi projects, Ribbon Finance faces potential risks and challenges, including smart contract bugs and market volatility. However, the team is committed to mitigating these risks through continuous development and rigorous security practices.

Community & Regulatory Compliance

Community

Ribbon Finance has a vibrant and active community of users and developers who contribute to the protocol's growth and development.

Regulatory Compliance

Ribbon Finance is committed to complying with all relevant regulations to ensure the legality and safety of its operations.

In conclusion, Ribbon Finance is a promising DeFi project that offers innovative financial products to crypto investors. Its unique approach to yield optimization, combined with its commitment to security and decentralization, makes it a standout in the rapidly evolving DeFi landscape.

Ribbon Finance Price0.870574 USD
Market Rank#164
Market Cap467,579,839 USD
24h Volume858,291 USD
Circulating Supply537,093,440.46 RBN
Max Supply1,000,000,000 RBN
Yesterday's Market Cap467,707,264 USD
Yesterday's Open / Close0.844271 USD / 0.870812 USD
Yesterday's High / Low0.88571 USD / 0.840492 USD
Yesterday's Change
0.03% ( 0.026541 USD )
Yesterday's Volume975,321.25 USD
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