About RLY
The RLY token is an ERC-20 native token that powers the RLY Network. RLY is multi-chain and can also be obtained on other blockchains through official bridges and canonical swaps maintained by the RLY Network Association. RLY is utilized by consumer applications to enable a token economy in order to drive growth, adopt community, and reward engagement. RLY Network is an ecosystem of consumer apps powered by RLY Protocol, a token-enabled software suite for developers that facilitates token launching, instant pricing, immediate liquidity, and the opportunity to earn weekly RLY Rewards. RLY Protocol is managed by the RLY Network Association, a Swiss-based non-profit. Learn more at rly.network
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Frequently Asked Questions
Is Rally (RLY) a Good Investment?
Read MoreRLY could be an interesting crypto asset to invest in as it has the potential to grow significantly, especially considering the RLY Protocol’s unique approach to empowering creators and communities on social media. The protocol's ability to incentivize active participation and offer creators their own digital economy is considered a positive aspect.An uptick in investor interest in the web3 sector of the crypto market could trigger bullish moves in the RLY price. Higher adoption of web3 projects such as RLY Network and a boom in the creator economy in this sector could also encourage more investors to buy and hold RLY, supporting the RLY Network price. Finally, positive sentiment on the broader crypto market could encourage higher buying activity and increase the RLY Network price. A bullish or risk-on mood could support the RLY to USD price, while a risk-averse attitude in global financial markets could cause selloffs that weaken the RLY Network value.
What Is RLY Crypto Price Prediction?
Read MoreAlthough we cannot provide an accurate RLY price prediction over any duration, you could monitor the following factors to get a better understanding of the volatility in the Rally cryptocurrency: RLY Protocol’s Level of Adoption Rally's price could be influenced by its adoption and real-world use case. As a decentralized social networking protocol, increased adoption by content creators and users can lead to higher demand for the RLY token, potentially impacting its price.Future Developments in RLY Ecosystem Updates, upgrades, or improvements to Rally's underlying technology and protocol can influence investor sentiment and attract more users, positively affecting the token's price.Macroeconomic Factors Macroeconomic indicators and events, both global and regional, can indirectly impact cryptocurrency prices, including Rally. Economic trends, inflation, and geopolitical events can create uncertainty, influencing investor behavior.
What Is RLY Token Used For?
Read MoreThe RLY token serves as the primary utility token of the Rally network. It facilitates transactions within the ecosystem, including the minting and trading of social tokens and NFTs. The RLY token also plays a role in the token bonding curve (TBC) mechanism, designed to support larger communities and provide fractional liquidity pools for social tokens.The primary purpose of Rally is to empower content creators by providing them with the tools to issue their own social tokens. Content creators can design social tokens with programmable features, such as unlockable content, loyalty programs, and exclusive benefits. Creators can customize the functionality of their tokens to create unique and authentic interactions with their fan base.You can also trade Rally crypto on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell RLY or hold it long-term if you believe in the future potential of the Rally Protocol. Ensure you DYOR before placing any new trades in the crypto market.
How to Earn RLY Rewards
Read MoreYou can participate in the Rally ecosystem by engaging with creators and their communities to earn RLY rewards on the RLY Network. Rally allows creators to launch their own social tokens, and by holding these tokens, community members can earn rewards based on their participation and engagement.Here’s how you can earn RLY rewards on RLY Network: Discover and Support Creators Explore the Rally platform and find creators who have issued their social tokens. These creators can be artists, musicians, athletes, content creators, or any individual or organization with a dedicated following.Purchase Creator Coins Once you find a creator whose content you enjoy and wish to support, you can purchase their social tokens (also known as creator coins) on the Rally platform. Buying and holding these coins gives you a stake in the creator's success.Participate and Engage on RLY Network Actively engage with the creator's community and participate in activities they organize. This could involve interacting with their content, attending events, or taking part in discussions related to their work.Receive Community Rewards in Creator Coins Rally operates on a "community rewards" philosophy, where fans and creators benefit from active participation. As a holder of the creator's social tokens, you become eligible for a portion of the community's rewards.Hold and Stake Creator Coins By holding and staking the creator coins you own, you can earn rewards in the form of additional RLY tokens or other benefits the creator offers. The more actively you participate, the more rewards you may earn.Participate in NFT Drops and Auctions Rally also allows creators to issue NFTs. You can unlock special perks and rewards by participating in NFT drops or auctions and owning these unique digital assets.
Who Are RLY Network’s Investors?
Read MoreRLY Network boasts an impressive list of investors, including a16z, Coinbase Ventures, CoinList, Battery, Canaan, Altos Ventures, Simplex, Hashed, SparkLabs Global Ventures, and Kinetic.
What is the all-time high price of Rally (RLY)?
Read MoreThe all-time high of RLY was 1.40 USD on 2021-04-03, from which the coin is now down 99.77168676042857%. The all-time high price of Rally (RLY) is 1.40. The current price of RLY is down 99.77168676042857% from its all-time high.
How much Rally (RLY) is there in circulation?
Read MoreAs of
, there is currently 5.23Bn RLY in circulation. RLY has a maximum supply of 0. What is the market cap of Rally (RLY)?
Read MoreThe current market cap of RLY is 16.72M. It is calculated by multiplying the current supply of RLY by its real-time market price of 0.003196385354.
What is the all-time low price of Rally (RLY)?
Read MoreThe all-time low of RLY was 0.00673922
, from which the coin is now up -52.57039606957482%. The all-time low price of Rally (RLY) is 0.00673922. The current price of RLY is up -52.57039606957482% from its all-time low. Is Rally (RLY) a good investment?
Read MoreRally (RLY) has a market capitalization of $16.72M and is ranked #971 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Rally (RLY) price trends and patterns to find the best time to purchase RLY.