What is Ripio (RCN)
Wallet providers – Generate the smart contracts and broadcast them to the network, adding information on the borrowers and their credit requests.
ID verifiers – Verify and attest the identity of each borrower as a security measure.
Scoring agents – Provide a credit score for each borrower and gather the transactional information from traditional and non-traditional sources.
Cosigners – Insure the loan in case of a default and distribute the lenders risk.
Credit exchanges – Match the lenders offer with the borrowers credit requests through the smart contracts generated by the wallet provider.
Oracles – Set the price feed of the RCN token, determining the exchange rate in local currency at the time the loan is executed.
Details
Public sales: Nov 17, 2017 – Nov 05, 2017
Pre-sale token supply: 425000000
Token supply: 425000000
Raised: 37,800,000 USD
Token info
Ticker: RCN
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 RCN = 0.0743 USD
Token distribution:
42,5% – Pre-Sale Maximum
8,5% – Crowd Sale Minimum
34% – Fund Previsions
15% – Network Bootstrapping Pool
Funds allocation:
60,75 – Development
19,63% – Marketing
16,35% – Legal&Liabilities Provisions
3,27% – Miscelaneous
