Ratecoin

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Description

Ratecoin (XRA) is a cryptocurrency . Ratecoin has a current supply of 122,449,161.79158 with 0 in circulation. The last known price of Ratecoin is 0.00067242 USD and is up 0.67 over the last 24 hours. It is currently trading on 2 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://stakeminers.com/ratecoin/ratecoin.html.

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FAQ

What is Ratecoin (XRA) and how does it work?

Ratecoin (XRA) is a cryptocurrency that operates on a Proof of Work (PoW) consensus algorithm utilizing the x11 hashing mechanism. With a total supply of 122,449,161.79158, Ratecoin's primary use is within the digital currency sphere for decentralized transactions. At present, none of the coins are in circulation, and it trades on two active markets, although trading volumes have been minimal over the last 24 hours. More detailed information can be accessed through the StakeMiners website.

What are the benefits of using Ratecoin?

Ratecoin offers several benefits, primarily its decentralized nature, ensuring privacy and transparency in transactions typical of blockchain solutions. By leveraging the x11 PoW algorithm, Ratecoin provides enhanced security features that make it difficult to compromise compared to single-hash mechanisms. This level of security can appeal to users interested in a reliable cryptocurrency for transactions and secure storage of value.

How does Ratecoin compare to other cryptocurrencies?

Ratecoin's unique features include its use of the x11 hashing algorithm under a Proof of Work consensus, which contrasts with many cryptocurrencies that are shifting towards Proof of Stake or other hybrid models. This approach emphasizes security and has specific appeal for users who trust the robustness of PoW systems. Compared to cryptocurrencies with higher trading volumes, Ratecoin is less liquid, suggesting it might be more suited for long-term holders rather than frequent traders.

What is the current market status of Ratecoin?

As per the latest data, Ratecoin is trading at approximately 0.00067242 USD, which reflects a 0.67% increase over the last 24 hours. Despite its current trading on two active markets, the 24-hour trading volume has been reported as $0.00, indicating limited market activity. This suggests potential users should approach with caution if they're looking for a highly liquid cryptocurrency.

How can I acquire or trade Ratecoin?

Currently, Ratecoin is available on two active cryptocurrency markets. Interested parties should visit these exchanges to acquire or trade Ratecoin. However, potential investors should be aware of the low liquidity, as indicated by recent zero volume trading activity. It's always advisable to perform due diligence on these platforms, ensuring they follow secure practices before proceeding with transactions.

What issues should I be aware of when dealing with Ratecoin?

One of the primary issues to consider with Ratecoin is its low market activity, which could result in challenges concerning liquidity and difficulty in trading. The current lack of circulating supply and the fact that there was no trading volume in the last 24 hours are indicators of potential market risks. Users must evaluate these factors and keep updated with any future developments or announcements on the StakeMiners website for a better-informed decision.

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