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Table Of Contents
A product of Reflexer Labs, ‘RAI’ is marketed as the, ‘first true stablecoin that’s governance minimized, and backed solely by decentralized immutable collateral on Ethereum’.
As a result of its structuring, RAI is able to function as a stablecoin without being pegged to a specific FIAT currency. In fact, Reflexer Labs is keen to note that RAI is one of the few true stablecoins in circulation. Those which are tethered to a FIAT currency are more accurately known as ‘pegged’ assets.
In order to provide stability without being reliant upon FIAT, RAI makes use of a ‘supply and demand based control theory to seek an internal target price’ – also known as a managed-float regime. This automated functionality means that the price of RAI is constantly being re-valued.
Reflexer notes the following as top use-cases for RAI.
- Portfolio Diversification (minimizes exposure to volatility)
- Source of Yield
- DeFi Collateral
- DAO Reserve Asset
Due to being built atop the Ethereum network, and its inherent price stability, RAI serves as an ideal asset for use as collateral among decentralized exchanges.
We list the top 3 exchanges that offer the ability to buy Rai Reflex Index (RAI) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
Coinbase is a publicly traded crypto exchange listed on the NASDAQ. It is one of the most widely used exchanges in the United States and accepts clients from 100+ countries including Australia, Canada, Singapore, and the UK.
Over 460 billion dollars in volume has been traded by over 70 million users at Coinbase. Security is a paramount feature with 98% of customer funds being stored in secure offline storage. The platform is simple to use and is available on desktop, Android, and iOS, offering trading opportunities in over 140 cryptocurrencies including Rai Reflex Index (RAI).
This exchange currently accepts USA residents excluding Hawaii.
Established in 2013, Gate.io has grown in to a reputable trading platform. While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including Rai Reflex Index (RAI), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.
This exchange currently accepts Australia & UK residents.
USA & Canada residents are prohibited.
Uniswap is a decentralized exchange (DEX) for swapping tokens, which uses an automated market maker (AMM) model that allows users to trade against a liquidity pool. While this is obviously a good option to purchase Rai Reflex Index (RAI), we only recommend this platform for advanced users. Due to the fact that this is exchange is decentralized, you are liable for any losses due to errors made.
Learning to use decentralized exchanges is not for the faint of heart. We recommend coinbase.com instead.
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