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Rai Reflex Index (RAI) is the native cryptocurrency of the Reflexer ecosystem, which can be best described as a platform that allows users to deploy their crypto collateral to devise reflex indexes. Reflex indexes are stable assets that are able to operate independently and are not pegged to any external commodity, akin to how the US Dollar is, i.e. despite it being a tangible store of value (SOV) it does not have any asset backing it while being regarded as a monetarily stable medium of exchange.
According to the official project whitepaper whitepaper RAI is designed to serve as an ETH-backed reflex index that utilizes a “managed float regime”. What this means is that the trade rate of the RAI/USD pair is decided by its investor demand and supply ratio. To this point, the dynamics of RAIs tokenomics are managed by individuals generating the asset (using their ETH) as well as those individuals holding, speculating on the price of the asset.
Rai Reflex Index (RAI) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $33,244,084. The current price of Rai Reflex Index is $4.23, which is -0.444% lower than yesterday. Prices have ranged between $4.2582 and $4.23 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 23, 2022 02:05 UTC.
| Coin symbol | RAI |
|---|---|
| Coin Marketcap | AUD$33,244,084 |
| Circulating RAI | 11,048,587 |
| Current price | AUD$4.23 |
| All time high | AUD$8.3331 |
| All time high date | February 18, 2021 |
Historical prices compared with the price of $4.23.
| 1 hour | -0.12% |
|---|---|
| 24 hours | -0.44% |
| 7 days | -1.74% |
| 14 days | -0.28% |
| 30 days | -1.01% |
|---|---|
| 60 days | -0.42% |
| 200 days | -1.22% |
| 1 year | 0.23% |
Disclaimer: Cryptocurrencies, including Rai Reflex Index, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of RAI is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Rai Reflex Index or any other cryptocurrency discussed.
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