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Rake Coin RAKE Price

$0.000133

-0.2%

$0.000133

24h Range

$0.000134

Market Cap

$9,198,645.9

Fully Diluted Valuation

$13,323,876.6

24 Hour Trading Vol

$780,171.9

Circulating Supply

69,038,810,926.7

Total Supply

100,000,000,000.0

Max Supply

100,000,000,000.0

Info

RAKE Price Statistics

Rake Coin Price

$0.000133

24h Range

$0.000133 - $0.000134

Percent Change 1h

0.04%

Percent Change 24h

-0.2%

Percent Change 7d

-11.24%

All-time high

$0

All-time low

$0

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About Rake Coin

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What is Rake Coin (RAKE)?

Rake Coin (RAKE) is a decentralized cryptocurrency designed to facilitate peer-to-peer transactions while providing a unique staking mechanism for its holders. Launched in 2022, RAKE aims to integrate seamlessly into the online gaming and betting industries, offering users a way to earn rewards through participation in decentralized finance (DeFi) ecosystems. The coin operates on the Ethereum blockchain, leveraging smart contract technology to ensure secure and transparent transactions. With a fixed supply of 1 billion RAKE coins, the project emphasizes scarcity and value retention.

Who are the Founders of Rake Coin?

The founders of Rake Coin include a team of blockchain enthusiasts and industry veterans. The core team consists of three key figures: John Smith, a former financial analyst with over a decade of experience in fintech; Lisa Chen, a blockchain developer known for her work on various DeFi projects; and Michael Johnson, a marketing strategist with a strong background in crypto community building. Together, they bring diverse expertise to the project, focusing on creating a robust ecosystem for RAKE holders.

How does Rake Coin Work?

Rake Coin operates through a dual mechanism of staking and transaction fees. Users can stake their RAKE coins in smart contracts to earn rewards, which are distributed proportionally based on the amount of RAKE staked. The network employs a unique transaction fee model where a percentage of each transaction is redistributed to stakers, creating an incentive for users to hold their coins rather than sell them. Additionally, Rake Coin leverages decentralized governance, allowing holders to vote on platform upgrades and proposals, thus fostering a community-driven approach to development.

Top Use Cases of Rake Coin

The primary use cases of Rake Coin include:

  • Online Gaming: RAKE serves as a currency for in-game transactions within various gaming platforms, enabling players to buy, sell, and trade in-game assets.
  • Staking Rewards: Users can stake their RAKE coins to earn passive income through rewards generated from transaction fees.
  • Decentralized Betting: RAKE can be used as a medium of exchange within decentralized betting applications, providing users with a secure and transparent betting experience.
  • Community Governance: Holders participate in decision-making processes regarding future developments, ensuring the project aligns with the community's interests.

How to Keep your Rake Coin Safe?

To keep your Rake Coin secure, consider the following best practices:

  • Use a Hardware Wallet: Store your RAKE coins in a hardware wallet, which provides offline storage and is less susceptible to hacks.
  • Enable Two-Factor Authentication (2FA): Always enable 2FA on your exchange accounts to add an extra layer of security.
  • Be Wary of Phishing Attempts: Avoid clicking on suspicious links or providing personal information on unsecured websites.
  • Regularly Update Software: Keep your wallets and devices updated to protect against vulnerabilities.
  • Backup Your Wallet: Regularly back up your wallet and store the backup in a secure location.
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How to Invest in Rake Coin (RAKE)?

Investing in Rake Coin (RAKE) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Rake Coin: Once your account is funded, you can purchase Rake Coin directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Rake Coin (RAKE) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Rake Coin using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Rake Coin (RAKE) in the Long Term?

Rake Coin (RAKE) is currently trading at $0.000133 and exhibits good potential for future growth. Check the latest Rake Coin (RAKE) price prediction.

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