Rubic

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Discover Rubic's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Rubic?

Rubic (RBC) is a cryptocurrency token that powers the Rubic ecosystem, a decentralized finance (DeFi) protocol and multichain DEX aggregator. It enables cross-chain functionality for users and decentralized applications (dApps), allowing for seamless token and NFT swaps across various blockchains. The token facilitates SDK subscriptions, integration service fees, governance, and offers lower fees for holders, making it a crucial component of the Rubic ecosystem.

How is Rubic used?

The Rubic (RBC) token is the native cryptocurrency of the Rubic Finance ecosystem, a cross-chain decentralized finance (DeFi) protocol. The RBC token is primarily used for fee payments across the Rubic exchange, which aggregates liquidity for token swaps across multiple decentralized exchanges (DEXs) and blockchain networks to find the best possible rates.

In addition to fee payments, the RBC token is also used for various services within the Rubic ecosystem, including marketing services and relayer accounting. Users can pay for these services using the RBC token, although in some cases, they can also use other cryptocurrencies like ETH, BNB, or TRX.

How do I store Rubic?

To store Rubic (RBC) tokens, you have two primary options: storing on an exchange or using a non-custodial wallet.

Storing on an Exchange

Holding your RBC tokens on an exchange provides convenient access to various investment products and features, such as spot and futures trading, staking, lending, and more. The exchange securely holds your funds, eliminating the need to manage and secure private keys. However, it is crucial to select an exchange with strict security measures to ensure the safety of your assets.

Non-Custodial Wallets

For enhanced security, you can withdraw your RBC tokens to a non-custodial wallet. This grants you complete control over your private keys. You can use hardware wallets, Web3 wallets, or paper wallets. Be sure to store your private keys securely, as losing them may result in permanent loss of your RBC tokens.

Additional Options

You can also buy RBC tokens directly through certain crypto wallets that support fiat-to-crypto purchases. This involves selecting a reliable wallet, downloading the app, creating a wallet address, and purchasing the cryptocurrency using a supported payment method.

How to buy Rubic?

To buy Rubic (RBC) tokens, you can follow these steps:

Buying Rubic (RBC) via a Centralized Exchange
  1. Choose a Reliable Exchange: Select a trustworthy centralized exchange that supports Rubic (RBC) purchases, such as MEXC or KuCoin. Consider factors like ease of use, fee structure, and supported payment methods.

  2. Create an Account: Enter the required information and set a secure password. Enable two-factor authentication (2FA) for added security.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require providing identification documents depending on your region.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.

  2. Buy Rubic (RBC): Use your added payment method to purchase Rubic (RBC) directly with fiat currency if supported. Alternatively, you can buy a popular cryptocurrency like USDT and then exchange it for Rubic (RBC).

Buying Rubic (RBC) via a Decentralized Exchange (DEX)
  1. Download a Crypto Wallet: Choose a reliable crypto wallet like Trust Wallet that supports Rubic (RBC) and download the app or browser extension.

  2. Set Up Your Wallet: Register and set up the wallet, ensuring you keep your seed phrase safe.

  3. Buy Ethereum: Purchase Ethereum as your base currency on a platform like Binance.

  1. Send Ethereum to Your Wallet: Transfer the Ethereum from Binance to your crypto wallet.

  2. Choose a DEX: Select a DEX that supports your wallet, such as 1inch.

  3. Connect Your Wallet: Link your wallet to the DEX using your wallet address.

  1. Trade Ethereum for Rubic (RBC): Swap your Ethereum for Rubic (RBC) on the DEX.
Additional Options
  • Peer-to-Peer Trading: You can also buy Rubic (RBC) directly from other users through peer-to-peer services offered by exchanges like MEXC.
  • Staking: If you already have RBC tokens, you can stake them to earn passive income.

Remember to always prioritize security and thoroughly research the exchanges and methods you use to buy and manage your Rubic (RBC) tokens.

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History of Rubic

Rubic (RBC) is a cryptocurrency that has been actively traded and monitored by various platforms. The current market capitalization of Rubic is $3.04 million, with a circulating supply of 99.36 million coins and a maximum supply of the same amount. The token is designed to facilitate cross-chain and on-chain swaps between various tokens in the Web3 ecosystem, making it a valuable tool for crypto traders and decentralized applications (dApps).

Rubic's Best Rate Finder tool aggregates data from over 70 blockchains, 220 decentralized exchanges (DEXs), and bridges, as well as more than 15,500 crypto assets. This allows users to find the best swap rates, highest liquidity, and transaction speeds with a single click. The tool can be integrated into MetaMask wallets and is also available for implementation by other crypto projects seeking interoperability.

In terms of price, Rubic has experienced fluctuations. As of June 19, 2024, the price of Rubic is around $0.03 USD, with a 24-hour trading volume of $865.46 USD. The token's price is predicted to rise by 229.47% and reach $0.055542 by July 19, 2024, based on historical price movements and Bitcoin halving cycles.

Overall, Rubic has established itself as a functional and useful tool in the crypto space, with a growing market presence and potential for future growth.

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How Rubic works

Rubic Finance is a multichain decentralized finance (DeFi) protocol that aggregates liquidity for token swaps across multiple decentralized exchanges (DEXs) and blockchain networks. This allows users to find the best possible rates for their transactions. The platform is powered by the RBC token, which is used for fee payments throughout the Rubic exchange.

Key Features
  1. Cross-Chain Functionality: Rubic enables cross-chain functionality for both users and decentralized applications (dApps). This means that users can swap tokens and NFTs across different blockchain networks seamlessly.

  2. Multichain DEX Aggregator: Rubic aggregates liquidity from multiple DEXs and blockchain networks, ensuring that users get the best rates for their transactions. This is achieved through a widget that supports connections to multiple wallets across different chains.

  3. Token Creation and Broker Services: The platform offers features such as token creation and broker services, making it a comprehensive solution for users and projects.

  1. Security and Sustainability: Rubic prioritizes security and sustainability by not holding user funds on its frontend. All transactions are conducted via API calls to providers' smart contracts, ensuring that user funds remain safe and secure.
The RBC Token

The RBC token plays a crucial role in the Rubic ecosystem. Its utility includes:

  1. Fee Payments: The RBC token is used for fee payments across the Rubic exchange, including fees for trades, token listings, and crowdsales.

  2. Governance Participation: RBC holders have a say in the decentralized decision-making process through governance participation.

  3. Lower Fees: RBC holders can benefit from lower fees for cross-chain calls, exchange fees, and gasless fees.

  1. Airdrops and Grants: Partners' airdrops are distributed to RBC holders, and the token is also used for grant programs for SDK integrators.
Staking and Rewards

Rubic has implemented staking features for the RBC token. Users can participate in staking rounds, which offer rewards in the form of $BRBC. The staking rounds have varying durations and offer different APRs, incentivizing users to hold and participate in the ecosystem.

Adoption and Growth

Rubic has seen steady growth and adoption, with partnerships with top-tier projects and grants from prominent foundations. The implementation of its white label solution SDK has allowed various decentralized applications, wallets, and others to benefit from fee-sharing mechanisms, further expanding the Rubic ecosystem.

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Rubic's strengths

The Rubic (RBC) token has several strengths that contribute to its utility and value within the Rubic ecosystem:

  1. Loyalty Program: The RBC token is part of a loyalty program that incentivizes users to engage with the platform, promoting consistent usage and fostering a loyal community.

  2. Fee Sharing Mechanism: Token holders can participate in a fee sharing mechanism through staking, which generates revenue and rewards active participants.

  3. SDK Subscriptions and Integration Fees: The RBC token is used to pay for SDK subscriptions and integration service fees, making it a crucial component of the platform's operations.

  1. Grant Programs: RBC holders can benefit from grant programs designed to support SDK integrators, further enhancing the token's utility.

  2. Governance: Token holders have a say in decentralized decision-making processes, allowing them to influence the direction of the project.

  3. Airdrop Distribution: Partners' airdrops are distributed to RBC holders, providing additional value and rewards.

  1. Cross-Chain Functionality: The token is available on multiple chains, including Ethereum and Arbitrum, offering users flexibility and lower fees.

  2. Liquidity Provision: The token is listed on several exchanges, including Uniswap V2, Kraken, ProBit, and MEXC, ensuring liquidity and accessibility.

  3. Decentralized Finance (DeFi) Integration: The RBC token is integrated into various DeFi protocols, enabling users to interact with a broader range of services and applications.

  1. Security and Sustainability: The Rubic ecosystem prioritizes security and sustainability, ensuring that user funds remain safe and transactions are conducted securely through API calls to providers' smart contracts.

These strengths collectively contribute to the RBC token's value and its role as the heart of the Rubic ecosystem.

Rubic's risks

Rubic (RBC), a cryptocurrency token, carries several financial risks. One significant risk is its vulnerability to market manipulation. Despite having a low risk score, Rubic's price can still be influenced by significant changes in volume and market capitalization. Additionally, the token's value can be affected by external events, such as the recent hack where 34 million RBC tokens were stolen and sold, causing a significant price drop.

Another risk is the potential for insolvency. Although Rubic's multichain swap protocol aims to make decentralized finance more accessible, it still operates in a highly volatile market. If the protocol fails to maintain sufficient capital reserves, it could lead to financial instability and potential insolvency.

Furthermore, the token's performance is closely tied to the adoption and success of Rubic's multichain swap protocol. If the protocol fails to gain widespread acceptance or faces significant competition, the value of RBC could decline.

Lastly, the token's utility and governance structure, which relies on token ownership and staking, can also pose risks. If the staking mechanism fails to incentivize validators or if governance decisions are not in the best interests of the community, it could negatively impact the token's value and overall ecosystem.

Overall, investing in Rubic (RBC) carries a mix of market, operational, and governance risks that investors should carefully consider before making a decision.

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Did Rubic raise funds?

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Rubic’s team

  • Team Members:
    • Vladimir Tikhomirov: Co-founder
    • Alexandra Korneva: Co-founder
    • Eugene Korol: CTO
    • Elena Nova: CMO
    • Sven Michael: CBDO

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