Price
$0.37
11/30/2022, 8:48:13 PM
diamondHands

Buy Rari Governance Token with Coinbase Wallet

Rari Governance Token can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$4.6M

Volume (24h)

$11,111.70

Circulating supply

12.5M RGT

Typical hold time

4 days

Trading activity

Not enough data

Popularity

#188

All time high

$68.21

Price change (1h)

-2.26%

Price change (24h)

-9.25%

Price change (7d)

-6.54%

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Rari Governance Token is on the decline this week.

The price of Rari Governance Token has fallen by 6.54% in the past 7 days. The price declined by 9.25% in the last 24 hours. In just the past hour, the price shrunk by 2.26%. The current price is $0.37 per RGT. Rari Governance Token is 99.46% below the all time high of $68.21.

The current circulating supply is 12,472,025.562 RGT.

About

RGT is an Ethereum token that powers Rari Capital, a decentralized protocol for lending and borrowing. The Rari Governance Token is used for fee discounts and protocol governance.

Resources

What Is Rari Governance Token (RGT)?

Rari Governance Token, with the ticker RGT, is the governance token that powers Rari Capital, a decentralized protocol for lending and borrowing. The RGT was announced as a part of Rari Capital's objective to develop the decentralized finance (DeFi) space toward a sustainable model. Governance tokens are essentially the blockchain tokens that give their holders voting and management power. They are especially important in the DeFi environment, where power balance is required. Using governance tokens, users can vote on proposals related to the blockchain.

As per the platform’s website, Rari Capital empowers people to break free by producing new opportunities, communities, and financial products. Rari Capital is the primary interface to interact with the Rari protocol on Ethereum, which can be accessed by anybody across the world. An important feature offered by Rari Capital is the Rari Capital DAO (decentralized autonomous organization), which ensures that all decision rights belong to the platform users. 

Subsequently, the RGT has three different roles to serve, namely maintaining governance, passthrough governance, and fee discounts. The token is utilized in decisions to integrate new protocols, edit pools, and risk parameters that maintain governance. On the other hand, the token serves as pass-through for their governance when a pool accumulates other tokens like $COMP, $BAL, etc. Apart from these, users can also utilize the token for fee discounts from the Rari protocol. 

Furthermore, RGT is burned for every transaction generated by the protocol. Burning implies sending the tokens to an unusable wallet address to remove them from circulation. This process leads to a total decrease in the supply of RGT tokens as the protocol succeeds.

History of Rari Governance Token (RGT)

Rari Capital was launched in May 2020 in the USA by David Lucid, Jack Lipstone, and Jai Bhavnani. Having worked for MyCrypto, Scoot, Bain, and many others, the Rari team comes from a security-related background. On October 22, 2020, the group launched v2.0 of the Rari protocol, the token, and the three liquidity pools.

How Are New Rari Governance Tokens (RGT) Created or Earned?

To start earning the RGT, users have to deposit into one of their liquidity mining pools depending upon their risk appetite. Liquidity mining is a decentralized finance method in which users contribute a portion of their crypto assets to various liquidity pools and are rewarded with tokens and fees in exchange.

The three pools are the stable pool ($RSPT), yield pool ($RYPT), and ETH pool ($REPT). The stable pool interacts with exclusive audited contracts in a safer way. On the other hand, the yield pool has the highest returns irrespective of leveraged or unaudited contracts. Lastly, the ETH pool delivers safe and stable returns with the ETH price basis.

How Many Rari Governance Tokens (RGT) Are There?

The total supply of RGT tokens is capped at 12,498,173.

How to Buy Rari Governance Tokens (RGT)

Users can trade RGT at various exchanges, including Coinbase, which is safe, secure, and easy to use.

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FAQ

What is the current price of Rari Governance Token?

The price of 1 Rari Governance Token currently costs $0.37.

What is the market cap of Rari Governance Token?

The current market cap of Rari Governance Token is $4.62M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Rari Governance Token?

The all-time high of Rari Governance Token is $68.21. This all-time high is highest price paid for Rari Governance Token since it was launched.

What is the 24 hour trading volume of Rari Governance Token?

Over the last 24 hours, the trading volume of Rari Governance Token is $11.11K.

What other assets are similar to Rari Governance Token?

Assets that have a similar market cap to Rari Governance Token include Karura, PIVX, Aion, and many others. To see a full list, see our comparable market cap assets.

How many Rari Governance Token are there?

The current circulating supply of Rari Governance Token is 12 million.

What is the typical holding time of Rari Governance Token?

The median time that Coinbase customers hold Rari Governance Token before selling it or sending it to another account or address is 4 days.

What is the relative popularity of Rari Governance Token?

Rari Governance Token ranks 164 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Rari Governance Token?

Currently, 90% of Coinbase users are buying Rari Governance Token. In other words, 90% of Coinbase customers have increased their net position in Rari Governance Token over the past 24 hours through trading.