What is Rubycoin Coin (RBY)?

Introduction

Rubycoin Coin is a cryptocurrency that wants to enable secure and immediate transfer of assets around the world.

It is based on blockchain technology and can be used within a peer-to-peer network. It is also used in the gaming sector.

Rubycoin currently has a market capitalization of $17,088,863 of which $82,481 is invested in the currency on a daily basis.

The exchange rate is $0.68 (as of 11.11.2017.).

Currently, the currency can be purchased and traded on the Bittrex and Cryptopia digital exchanges.

Rubycoin Coin – The Cryptocurrency

Rubycoin coin is a democratic form of money.

The company’s platform offers users the opportunity to participate in the company’s activities and thus earn a reward.

Every user can receive shares in the form of coins by being active on the platform. On average, the active user receives 5% “interest” on his or her account balance every year.

Rubycoin Coin

All you need to do is download a wallet, which automatically credits interest after 1.5 minutes. The wallets are available for Mac OSX, Linux, Windows and source code. In total there are 60,000,000 Rubycoin coins.

The encryption algorithm and the PoW system are used. When Rubycoin was released, about 1.2 million coins were mined, which were invested in a fund.

This fund is designed to promote and secure the growth and development of the company. It should also be used for marketing purposes.

Until now, the fund has not had to be used for this purpose. There is a natural and mutually beneficial connection between Bitcoin and Rubycoin Coin.

Bitcoin is the currency through which Rubycoin can be purchased. By using blockchain technology, assets in the form of money can be transferred securely and without the control of a government, bank or central authority.

In cooperation with “traderdaddy.com”, the currency can be traded on a peer-to-peer basis. It is also used in payment systems for online games.

Rubycoin Coin – The Company

Rubycoin was founded in 2009 by Jim Nguyen. The founder wants to realize security, economic freedom and data protection of financial transactions with his concept.

He wants to enable everyone to exchange values completely transparently without having to trust each other or a central controlling power.

Rubycoin wants to enable its users to make fast transactions that can be carried out anywhere in the world without any frontiers.

The company also focuses on sustainability and energy efficiency, and the technical systems are operated with minimal energy consumption.

Furthermore, the Rubycoin platform offers complete privacy and will not leave any information identifying the user. Rubycoin has also had a low inflation rate so far.

Conclusion

Rubycoin Coin is a decentralized cryptographic currency that can be used in a peer-to-peer network.

The company focuses on acting independently and free from a central power and thus promoting an economic system in which one can move safely.

The development since the company’s foundation shows that it has already achieved great success.

You can’t buy it directly for fiat on any exchange. You can choose the best bitcoin exchange for your region and but BTC there, then trade it for RBY on exchanges. Learn here how you can instantly convert altcoins to bitcoin and vice versa.

Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. 

Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet – our recommendation is just go and buy Ledger Nano S, it is the safest option.


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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.

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