What Is Rubic (RBC)?
Rubic is a Multi-Chain Swap Cryptocurrency Protocol that seeks to enable users to swap assets between major blockchains: Ethereum, Polygon, BSC, Avalanche, Moonriver, Fantom, Harmony, Solana, Arbitrum and Aurora. Users can do this all in one place, using a simple and intuitive user interface.
Multi-Chain Swap Protocol of Rubic platform consists of two key components:
Each blockchain has a protocol layer that contains smart contracts.
At the infrastructure level, off-network verification is carried out.
The protocol layer consists of smart contracts on the blockchain used to manage assets, verify the signatures of validators and relayers, and reach a consensus between validators. Moreover, a transaction is considered valid only if it meets the minimum number of validator confirmations. The infrastructure layer comprises physical servers, each of which fulfils a specific task, such as a validator or relayer.
The validator is a verification node that tracks all events for the Multi-Chain Routing contract and reports them to the relayer. The purpose of a relayer is to collect as many messages as needed from validators and send them.
The Rubic Multi-Chain Protocol has an ERC-20 token, RBC, that fuels the Protocol. The RBC token has the following utilities:
Then the native token is distributed as follows:
The team is entitled to 10% of tokens. Every three months, 2% of tokens will be unlocked (over a year).
About 8% of tokens are used for marketing campaigns and bounty programs, and 4% of tokens are permanently frozen.
A maximum of 8% of tokens are distributed to holders of MyWish and are automatically unlocked every third month (over a year).
66% of tokens are placed on the market.
Uniswap Liquidity accounts for 8% of tokens.
Several DEXs are connected to the Protocol to create the Multi-Chain Smart Routing System. Rubic aims to facilitate trading by listing every asset on integrated DEXs so that users can swap stablecoins and other assets.
History of Rubic (RBC)
Vladimir Tikhomirov and Alexandra Korneva are the cofounders of the Rubic protocol. In the Rubic protocol, there is a maximum total supply of 124,000,000 RBC tokens.
