Buy Rally (RLY)
What is Rally?
Rally is a blockchain-based platform designed to enable creators, artists, sports athletes, and businesses to create their own cryptocurrencies, known as "Creator Coins." This platform aims to enhance audience interaction and engagement. The project involves prominent personalities in the creation and management of digital economies, utilizing tokens to support and monetize their communities.
How does Rally work?
Rally functions by leveraging the RLY Protocol, a web3 mobile toolkit, which facilitates end-to-end on-chain experiences on native mobile apps. The platform operates on the Ethereum blockchain using the ERC-20 token standard for its native token, RLY. It utilizes Ethereum's Proof of Stake (PoS) consensus mechanism and employs Token Bonding Curves (TBC) to algorithmically determine the price of Creator Coins, managed through smart contracts.
What are the potential use cases for Rally?
Rally has various potential use cases, including:
- Creator Economy: Issuing social tokens to monetize communities.
- NFT Marketplaces: Launching and selling NFTs for additional revenue.
- Community Engagement: Utilizing social tokens to reward fan interactions.
- Loyalty Programs: Offering tokens as loyalty rewards for exclusive benefits. These applications span industries like entertainment, arts, and e-commerce, facilitating partnerships with platforms like Unite.io and SuperLayer to expand use cases across different sectors.
What is the history of Rally?
Rally was founded by Kevin Chou and Mahesh Vellanki, with a background in computer games and technologies. It launched its token $RLY through an ICO on April 28, 2021. Key developments include the introduction of the RLY Protocol and a revamped website focused on creator-first branding. The ecosystem expanded to support multiple blockchains and includes projects like Rally.io and Taki, enhancing its market presence and fostering community adoption through various consumer applications.
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Frequently Asked Questions (FAQs)
What is the current price of Rally (RLY)?
The Rally price is $0.00315854 AUD, representing a -8.38% from the day prior.
Where is the best place to buy Rally (RLY) in Australia?
The best place to buy Rally (RLY) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Rally (RLY) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Rally (RLY)?
The trading volume of Rally (RLY) is $229.6K AUD in the last 24hrs, representing a -8.38% from the day prior.
How can I buy Rally (RLY)?
Rally (RLY) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Rally (RLY)?
The current market cap of Rally (RLY) is $15.8M AUD.
Can I convert Rally (RLY) to cash?
Yes - With Coinstash you can convert your Rally (RLY) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Rally (RLY) are there?
The current circulating supply of Rally (RLY) is 5.0B.
Is Coinstash a safe place to buy Rally (RLY) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Rally (RLY) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.