>800k$ marketcap, listed on huobi&bibox&bitfinex. 4 testnets already online , github is very active , made own audited stablecoin,
>team is working hard and doing good, for example won Singapore's hackathon, got to PayPal's latest incubator program with only 2 other projects (acceptance rate 5% for 9 months program)
>has strong partnership with IOST, team is building own customized blockchain explorer and also etherstellar crosschain wallet (like metamask but with special features) >also more utility coming for tokens, such a governance options
>team said they're still working on bigger exchange listings.
>also "On 18th Jan, Jinse awarded Rate3 with the “2018 Consensus Without Borders” prize, recognizing Rate3 as “one of the top 10 companies with the most commercial value in 2018”.
Exchanges: Huobi, Bibox, Bitfinex, Coinrail. (first two of these has best liquidity) Price: 49 sats (at time of writing) Total Supply: 1.000.000.000 RTE Total Marketcap: 1.8 millions $ (at time of writing)
Rate3 is a decentralized dual protocol that bridges enterprises to the blockchain through cross-chain asset tokenization and identity management. They recently has exhibited their cross-chain swap live on the testnet. The cross-chain swap is a service to transfer an asset that is non-native to one blockchain onto another blockchain and vice versa. The team said; this interaction will serve as a foundation to build upon for other instances of cross-chain swaps that are done by Rate3. Such as the recently announced strategic parnertship with IOST and the they introduced the IOST iStablecoin initiative. RTE token utility:
Payment for cross-chain swaps - Payment fee. For example our IOST iStablecoin service - which helps users swap ERC20 stablecoins to Token20 stablecoins on IOST - will accept fees in RTE. Rate3 is exploring burning/locking-up those RTE tokens collected as fees, or redirecting them to a treasury that is to be governed by RTE holders
Payment for minting/burning of tokenized assets - Asset issuer will pay a fee in RTE when they are to use the mint or burn smart contracts from the Rate3 protocol. Likewise we are also exploring burning/locking those RTE fee tokens received
Asset staking - certain tokenized asset issuers may wish to add more validity to the value of the underlying asset backing the tokens issued by them (or want the option to not use a trust company). The Rate3 protocol allows those issuers to allow for RTE to be staked and to back what they’re issuing, in exchange for a % yield
Identity creation - RTE to be used as a mandatory “staking deposit” when a user wishes to create a cross-chain (ETH and XLM) identity with the Rate3 protocol to deter spam Sybil attacks
