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#965
RAIREFLEX
Rai Reflex Index
RAIREFLEX$2.9797Up 0.12 percent($0.00)
Key Stats
Total Supply513.11K RAIREFLEX
Max Supply∞
Circulating Supply513.11K RAIREFLEX
Launch Date2021-02-13
Built OnETH
Token StandardERC20
Smart Contract Address0x03ab…4919
Decimal Places18
Rai Reflex Index Information
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Stablecoin
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View all| Trading As | Token Standard | Built On | Smart Contract Address | Launch Date |
|---|---|---|---|---|
| RAI | ERC20 | ETH | 0x03ab458634910AaD20eF5f1C8ee96F1D6ac54919 | 2021-02-13 |
| RAI | ERC20 | POL | 0x00e5646f60ac6fb446f621d146b6e1886f002905 | 2021-07-19 |
| RAI | ERC20 | AVAX | 0x97cd1cfe2ed5712660bb6c14053c0ecb031bff7d | 2021-09-23 |
About Rai Reflex Index
RAI is an ETH-backed stablecoin with a managed float regime, where the exchange rate is determined by supply and demand. The protocol tries to stabilize its price by constantly devaluing or revaluing it. There are two parties involved in the supply and demand mechanic: SAFE users who generate RAI and RAI holders who hold, speculate on, or use RAI. Compared to protocols with a fixed exchange rate between their native stable asset and fiat, RAI offers flexibility and discretion in its monetary policy. The protocol can change its target exchange rate for its own advantage and attract or repel capital as needed.