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About RED

RED (RED) is a cryptocurrency launched in 2023. RED has a current supply of 333.00M with 0 in circulation. The last known price of RED is 0.000011754135 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://redeth.io.

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RED Price Statistics
RED’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3371
RED Market Cap
Market Cap
$0
Fully Diluted Market Cap
$3,914.13
RED Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
RED Supply
Circulating Supply
0
Total Supply
333.00M
Max Supply
333.00M
Updated Aug 08, 2023 2:30 am
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RED
RED
$0.000011754135
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
UAE To Introduce Legal Framework For DAOs
UAE To Introduce Legal Framework For DAOs
According to Cointelegraph, the Ras Al Khaimah Digital Assets Oasis (RAK DAO), a free economic zone in the United Arab Emirates focused on digital assets, is set to introduce a legal framework for decentralized autonomous organizations (DAOs). The new regime will be introduced and discussed at the DAO Legal Clinic on Oct. 25, as announced by law firm NeosLegal and RAK DAO. Irina Heaver, a partner at NeosLegal, stated that the framework is expected to clarify how DAOs can remain legally compliant, which she believes will significantly impact decentralized governance and the broader Web3 ecosystem in the UAE. The new framework will address legal and governance requirements for DAOs, including establishing a legal structure. This structure will clarify tax obligations and benefits, enable property ownership of onchain and offchain assets, and provide legal protection from personal liability for a DAO’s founders, members, and contributors. The legal framework will also enable DAOs to enter legally binding contracts and establish guidelines for resolving internal and external disputes. Heaver mentioned that DAOs can be registered in the UAE under the new regime without physically being in the country, allowing them to be “established remotely.” This remote accessibility makes it easier for global participants to engage with the UAE’s burgeoning virtual assets sector. Heaver believes that introducing the legal framework would continue to establish the UAE’s position as a global hub for blockchain and digital asset innovation, attracting entrepreneurs and developers. While Switzerland also allows DAOs to be set up through a legal wrapper, the process in the UAE is much more cost-effective. In Switzerland, a DAO setup may cost up to $46,000, whereas in the UAE, the process could start at $3,000. This affordability allows even the smallest DAOs to protect themselves and operate within a legal framework.
Oct 18, 2024 4:24 pm

Frequently Asked Questions

  • What is the all-time high price of RED (RED)?

    The all-time high of RED was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of RED (RED) is 0. The current price of RED is down 0% from its all-time high.

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  • How much RED (RED) is there in circulation?

    As of , there is currently 0 RED in circulation. RED has a maximum supply of 333.00M.

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  • What is the market cap of RED (RED)?

    The current market cap of RED is 0. It is calculated by multiplying the current supply of RED by its real-time market price of 0.000011754135.

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  • What is the all-time low price of RED (RED)?

    The all-time low of RED was 0 , from which the coin is now up 0%. The all-time low price of RED (RED) is 0. The current price of RED is up 0% from its all-time low.

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  • Is RED (RED) a good investment?

    RED (RED) has a market capitalization of $0 and is ranked #3371 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 RED (RED) price trends and patterns to find the best time to purchase RED.

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