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Ripae pMATIC Price

(PMATIC)

Note: This cryptocurrency has not yet been officially listed on KuCoin TR.

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Ripae pMATIC (PMATIC) Live Price Chart

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    PMATIC(PMATIC) Profile

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    ATH
    $0.82666408
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    About PMATIC

    • How can I buy Ripae pMATIC (PMATIC)?
      Buying PMATIC on KuCoin TR is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Ripae pMATIC (PMATIC) for more information.
    • Coin description

      PMATIC is the MATIC pegged stablecoins issued by Ripae Finance, a cross chain algorithmic stablecoin protocol, initialy on Polygon. 

      $pMATIC (Pegged $MATIC) is the main token with an unlimited supply. Keep in mind that the supply is unlimited, not infinite, which means that there will be new $pMATIC minted as soon as 1 $pMATIC > 1.01 $MATIC (TWAP > 1.01). This is to increase the supply so in turn the price will go down and meet its soulmate, $MATIC. When 1.01 $pMATIC < 1 $MATIC, the minting of $pMATIC stops in order to not push down the price any further.

      About Ripae Finance

      Ripae Finance is a cross-chain algorithmic stablecoin project. The stablecoins it issued are pegged to each native chain that the protocols are deployed on.

      An Algorithmic Stablecoin is a non-collateralized stablecoin tailored for improving price stability. The beauty of algorithmic stablecoins is that they are much more capital efficient than their collateralized cousins. Ripae finance will work towards expanding this idea of capital-efficient algorithmic stable coin and build on previous iterations to expand the basis of the ecosystem.

      Ripae Finance’s full focus is to build a true cross-chain algorithmic stablecoin protocol that is stabilized with true use-cases all around the DeFi Ecosystem.

      The team started on Fantom and with the partnership of Multichain.org, the main token $PAE is now available on multiple EVM chains.

    FAQ

    • What is the all-time high price of Ripae pMATIC (PMATIC)?

      The all-time high price of Ripae pMATIC (PMATIC) is 0.83. The current price of PMATIC is down -- from its all-time high.

    • How do I store Ripae pMATIC (PMATIC)?

      You can store your Ripae pMATIC in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your PMATIC include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.