Why is the RDINI paired to the Algo and not a stablecoin ?
Two main reasons:
We see a blockchain as somewhat of the equivalent of a sovereign entity. Accordingly, as we are operating on the Algorand blockchain and within its ecosystem, the right thing to do is be ourselves dependent on the performance of the Algo as our actions will to a certain extent reflect on the value of the Algo.
And it is to our advantage, as it is to the advantage to all the entities and participants to the Algorand blockchain, that the demand for the Algo grows and that its price remains strong as a result.
By pairing the RDINI to the Algo it means that every time someone wants to acquire an RDINI, he must first hold or acquire an Algo resulting in an increase in the usage, demand, and circulation of the Algo.
What is the RDINI ?
The RDInitiativ Token - RDINI is a utility token used throughout the Initiativ ecosystem to pay for goods and services. The market price of an RDINI is based on the last amount paid on the open market and the RDINI is tradable and swappable on ...
RDINI Rewards Pool Program ?
The RDINI initial opening price was set to make it attractive to purchase by anyone who would consider using the different ecosystem services in the future. To support that early adoption, we have established a Rewards Pool Program on Algostake ...
Selling RDINI (updated July 2022)
We had initially setup up pools on Tinyman and Algofi but there was daily price manipulation by bots designed to extract $Algo through a series of transactions within a 2 pools combination. We subsequently tried it using Tinyman and Humble Swap but ...
How is the price of the RDINI set ?
The price of an RDINI was initially set by the Initiativ at 0.010 Algo back in 2021 while it was used internally as a payment instrument during the initial setup phase. The price was subsequently increased as we reached development milestones. For ...
What can I pay with the RDINI ?
The RDINI is used throughout the Initiativ ecosystem to pay for goods and services. It is used as a payment instrument by: The Daffi services, including DaffiWallet, DaffiPay, DaffiBuy, DaffiTransfer; The BlockchainIDme self-sovereign identity ...