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 lender’s 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