RaiBlocks (XRB) is 95% Close to Launching RaiExchange. Seriously.

If you are a RaiBlocks (XRB) investor, then you have been patiently waiting for the launch of the underlying product for this cryptocurrency – RaiExchange – launch to finally happen. Well, that day has finally arrived, and the RaiBlocks coin is trading 22% higher (compared to 24 hours ago) in anticipation of it.

Waiting and Waiting

People have been able to register accounts on the soon-to-launch exchange for weeks now, but they have sat patiently waiting while the platform still wasn’t live. This was ten days ago:

Sure, there are a lot of cryptocurrency investors out there who don’t care much that the coin they’re investing in isn’t attached to a tangible, fully-realized product. But teasing your fans for ten days like this is pretty merciless.

The RaiExchange platform is literally on the cusp of activation. How do we know that? The very active and passionate RaiBlocks Reddit page is talking about how it is hours away – and Twitter, of course:

raiblocks coin raiblocks (xrb) raiexchange

Also, one of the developers for the exchange commented this on the RaiBlocks Reddit thread about five hours ago, saying that they are 95% READY:

raiblocks (xrb) raiexchange raiblocks coin raiblocks reddit

There are probably a lot of people out there refreshing over and over, hoping that it will finally be live right now. But, unfortunately, they still get the “Launching Soon” button (seen below).

raiblocks (xrb) raiexchange raiblocks coin raiblocks reddit
rai.exchange

What will the exchange do?

RaiBlocks (XRB) is essentially a better version of Bitcoin (BTC). It’s free, there are no miners, and scalability isn’t an issue thanks to its “block lattice” network. Each block contains its own transaction, and updates account balances mathematically after each exchange. So there is no public ledger with a transaction history, like with Bitcoin, but it means that it can have instant transactions and won’t slow down as more people use the system.

Right now, it looks like the RaiExchange platform is only featuring BTC/XRB pairing. But, according to their twitter account, Litecoin (LTC) and Ethereum (ETH) will come soon after.

Meanwhile, the RaiBlocks coin is surging

The RaiBlocks coin’s price journey took it from about 30 cents in the first week of December to more than $30 in the first week of January.

While we wait for this launch to finally happen, this currency’s price is continuing to rise. It’s a welcome relief for anyone who bought during the first week of January, however, because this coin has fallen by about $20 since then – currently at $15.82.

It will be interesting to see how high this currency’s price goes after the exchange is up and running.




Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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Tim is a graduate of the University of California Los Angeles, where he has a B.A. in Global Studies with a minor in Geography/Environmental Studies. He worked for nearly two years as a Research Associate at a top investment banking software provider. He then began working as a freelance writer, covering stock market news and writing corporate content. He has been investing in and researching cryptocurrency for about a year, and has been blogging almost daily on the topic since mid-2017. Tim has contributed to both LiveBitcoinNews.com and CCN.com.

1 COMMENT

  1. RaiBlocks is the best! We invested 110 000 US dollars in it already and looking forward to $100 xrb price. Now we working on additional RaiBlocks nodes across Europe to faster its network.

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