Home » Crypto » What is RAMP coin and how does it work?

What is RAMP coin and how does it work?

by Financial Economy

Ramp Coin is a DeFi focused Blockchain project. The project works as a decentralized protocol that aims to allow Ethereum Blockchain users to staking without even owning ETH. The native cryptocurrency of the protocol is RAMP. Information about some topics that what is RAMP coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about  Gifto (GTO) coin.

What is RAMP coin and how does it work?

RAMP token has various use cases within the protocol. Users of the protocol can earn passive income on collateral and interact with all services of the Ethereum network. Ramp allows assets not created by the ERC-20 smart contract and located on other blockchains to be collateralized into rUSD, a stablecoin on the Ethereum blockchain.

This collateral allows users to acquire multiple sources of income and earn staking rewards. Besides, the protocol also allows ERC-20 tokens to benefit from this service. Ethereum Blockchain users can deposit ERC-20 contract stablecoins into Ramp Coin’s eUSD liquidity pools and create new eUSD stablecoins in exchange for collateral. rUSD and eUSD holders can trade, lend and receive transactions through the protocol.

How to use RAMP token?

Stable coins created with the ERC-20 smart contract are converted to eUSD stable coin for use in the liquidity pool of the protocol. Stable coins from other blockchains are converted to rUSD. eUSD holders can earn interest income by lending their stablecoins to other users. Users holding rUSD can use locked funds on non-Ethereum blockchains and earn token rewards by staking rUSD coins.

What does Ramp coin do?

RAMP token is the native cryptocurrency of the DeFi protocol Ramp Coin. Ramp DeFi works as a decentralized protocol and is managed through RAMP. Users who own 1% of the token’s total supply can suggest changes to the platform. Besides, the RAMP token has various use cases such as staking, incentive reward for bringing in new users, increasing the potential in yield farming.

Which exchange is RAMP coin on?

RAMP coin is listed on some cryptocurrency exchanges such as Binance, FTX, MEXC, BingX, Hotcoin Global, etc.

How to buy RAMP coins?

RAMP coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

RAMP coin supply!

Total and maximum supply of RAMP coin is RAMP.

RAMP coin price!

As of May 17, 2022, at the time of the writing, 1 RAMP coin price is around $0,037 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment