XRX Price Statistics
|24h Trade Volume|
|All Time High|
(22 May 2023)
|24H||-$ 0.00...002||-4.18%||$ 0.000047||$ 0.000045|
|7D||-$ 0.00...031||-6.49%||$ 0.0000501||$ 0.000045|
|14D||-$ 0.00...061||-11.9%||$ 0.0000511||$ 0.000045|
REX is a decentralized blockchain-based cryptocurrency utilizing smart contracts to provide highly rewarding and flexible time-based investments and bonding financial tools. Specifically, REX smart contracts provide a native investment option, called "staking": locking up tokens for a period of time to gain rewards, called "staking rewards".
This is comparable to a time deposit or certificate of deposit (CD) in traditional finance, but with more flexibility and greater possible gains. REX may also be thought of as an internet bond.
In crypto speech, REX is a staking token, so participants buy REX and stake it over time to earn more REX. The additional REX earned by stakers comes from new REX that is minted each day, causing the REX supply to increase, or inflate, over time. The REX token supply inflates by 12.9% per year. This inflation is created by the contract and distributed to the stakers.
REX Smart Contracts offer a wealth of functionality unprecedented in Decentralized Finance that makes managing stakes much easier, more flexible and - for the first time - fully decentralized.
For example, in REX it’s possible to name stakes (to keep track of their purpose), split stakes (for instance, in a divorce), transfer an active stake to another address (for example, as a gift) and even withdraw already-earned staking rewards while a stake is active (instead of having to emergency-end it early). The user may also choose to create a stake as revocable (the stake can be ended early and the user can withdraw staking rewards before maturity) or irrevocable (the stake can’t be ended early and the user can’t withdraw staking rewards before maturity) to increase its Annual Percentage Rate (APR).
Another example of innovation is a brand new feature in REX: a native decentralized exchange (DEX) for stakes; a user may buy and sell active stakes on the native stake DEX - a first in the Decentralized Finance (DeFi) space. This makes a REX STAKE itself a cryptocurrency.
Rex's current price is $ 0.000045, it has dropped -4.18% over the past 24 hours.
Rex's All Time High (ATH) of $ 0.0000617 was reached on 22 May 2023, and is currently -27% down.