Ripae PAE Price $ 0.0532

Ripae is an algorithmic stable coin protocol on Fantom. Ripae Finance’s full focus is to build a true cross-chain algorithmic stable coin protocol that is stabilized with true use-cases all around the DeFi Ecosystem. PAE (Ripae Cross-Chain Share Token) is the heart of the operation. $PAE has a current total supply of 1 000 000 tokens. These are all pre-minted and under a timelock. 170 000 of these will be rewarded to liquidity providers during 365 days on Fantom. The rest of the protocol-specific share will be held in timelock and transferred to each new chain that Ripae launches on. At the start, there will only be 1 circulating $PAE, but as soon as the Tellers start working, that supply will increase slowly. By owning $PAE, you not only own a piece of Ripae Finance, but you also get a part in its success by minting fresh $pFTM whenever 1 $pFTM > 1 $FTM (TWAP > 1.01).