What is RLC coin (when RLC coin was issued)

What is RLC currency According to the official news, what is RCL currency? RLC currency is a decentralized Cryptocurrency developed by the blockchain technology team and designed with open source as the design concept. It is basically the same as Litecoin. This mechanism can ensure the free circulation and transfer of assets in the network. And according to the holding rules, it can be destroyed or added after the main network goes online

LC is a Swedish language rake coin, which means “Lego” in Chinese. At present, Swedes most often use Bitcoin to buy points instead of other digital tokens. In addition, some users have expressed a preference for using LTC as a reward because these coins are convertible and can be traded globally to earn rewards, making it a more suitable choice for them; However, some users believe that this situation is unlikely to occur

Issuance time of rlc coins

According to official information, rlc coins were issued on September 18, 2018, with a total supply of 10 million pieces

According to the official introduction, rlc is a token based on Ethereum, with a total of 100 million, 50% of which is controlled by the community; Another 30% will be destroyed. In the coming months, it will gradually be unlocked after the main network is launched; The third issuance is expected to be around the first quarter of 2020, when the price of the digital currency will rise to over $20 Previously, it was reported that in July 2017, the world’s largest decentralized finance (DeFi) platform, Serum, launched RLLC and plans to launch its own token, rlcCoin, to pay transaction fees and stimulate the development of the ecosystem.