common-close-0
BYDFi
Trade wherever you are!

How does ratible revolutionize the way digital currencies are valued?

avatar1ahmetemanetDec 17, 2021 · 3 years ago3 answers

Can you explain how ratible is changing the way digital currencies are valued and why it is considered a revolution in the industry?

How does ratible revolutionize the way digital currencies are valued?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Ratable is revolutionizing the way digital currencies are valued by introducing a decentralized valuation system. Unlike traditional methods where the value of a currency is determined by centralized entities, ratable allows users to collectively determine the value of a digital currency. This is achieved through a community-driven process where users can vote on the value of different currencies based on their perceived worth. By giving the power of valuation to the community, ratable aims to create a more transparent and fair system for determining the value of digital currencies.
  • avatarDec 17, 2021 · 3 years ago
    Ratable is changing the way digital currencies are valued by leveraging blockchain technology. Through the use of smart contracts and decentralized governance, ratable enables users to participate in the valuation process. This means that the value of a digital currency is not solely determined by a central authority, but rather by the consensus of the community. This decentralized approach ensures that the valuation process is transparent, tamper-proof, and resistant to manipulation. By revolutionizing the way digital currencies are valued, ratable is paving the way for a more democratic and inclusive financial system.
  • avatarDec 17, 2021 · 3 years ago
    Ratable is a platform that aims to revolutionize the way digital currencies are valued. By leveraging the power of decentralized finance (DeFi), ratable allows users to create and trade unique digital assets. These assets, known as NFTs (Non-Fungible Tokens), can represent anything from artwork to virtual real estate. The value of these NFTs is determined by the market, with buyers and sellers coming together to establish a fair price. This innovative approach to valuation not only empowers creators and collectors, but also opens up new opportunities for artists and content creators to monetize their work in the digital realm.