Full Name: Rate3
Issue Date: 2018-02-28
Max Supply: One billion RTE
Circulating Supply: 500 million RTE (2018-07-01)
Market Cap: $11.22 million (2018-07-01)
Issue Price: $0.0438
A native RTE Token that interacts with the Rate platform allows the network to have aligned goals and incentives, prepares a platform to be agnostic to a singular cryptocurrency or digital token, and allows better management of the side chain. The native RTE token is not simply a medium of exchange in this ecosystem, but a store of value that aligns the incentives of all participants. The RTE token is used not only as a means of exchange or payment on the Rate3 network but also as a means to account for, judge, verify and incentivize ecosystem participation. The RTE token is the native fuel that facilitates interactions on the Rate3 network.