Rootstock Infrastructure Framework
Rootstock Infrastructure Framework
RIF
#481
$0.097 USD
4.75% (1d)Market cap | $97.42M |
Volume (24h) | $4.04M |
FDV | $97.42M |
Vol/Mkt Cap (24h) | 4.15% |
Total supply | $1.00B |
Max supply | $1.00B |
Circulating supply | $1.00B |
Infomation
Website |
$0.097
(0.51%)$0.098
$0.097
(-10.87%)$0.12
RIF is a utility token designed to unlock more opportunities on Bitcoin through Rootstock, the leading and longest running Bitcoin L2.
The suite of open source tools and technologies powered by RIF make it easier, faster and more rewarding to build on Bitcoin.
Governace and Rewards RIF allows holders to participate in the governance of RootsotckCollective, a DAO designed to recognise and reward projects building on Bitcoin using Rootstock. RIF staked in the DAO (stRIF) acts as the governance token and gives members the ability to earn rewards paid in Bitcoin and RIF. Live iniatives include a decentralised grants program and CollectiveRewards.
Inflation Protection & Remittances RIF also plays a critical role in the USDRIF stablecoin developed by RIF on Chain, a secure and censorship resistant stablecoin protocol built on Bitcoin using Rootstock.
Human Readable Domain Names RIF also powers RNS (RIF Naming Service) which improves the user experience when transacting on Rootstock by allowing users to create their own .rsk ussername. Similar to the internet's DNS Service or Ethereum's ENS service, RNS makes using Rootstock, Bitcoin's leading sidechain, easier and more intuiive.
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