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About Rally(RLY)
What is Rally (RLY)?
The RLY Network is fueled by the ERC-20 native token, RLY, which is capable of operating across multiple blockchains through official bridges and canonical swaps maintained by the RLY Network Association. RLY has been designed to promote a token economy, encourage community adoption, and reward engagement through the use of various consumer applications.
RLY Protocol, a token-enabled software suite for developers, powers the ecosystem of consumer apps that make up the RLY Network. It offers features such as token launching, instant pricing, immediate liquidity, and the chance to earn weekly RLY Rewards. The RLY Network Association, a non-profit based in Switzerland, is responsible for managing the RLY Protocol.
Who are the Founders of Rally (RLY)?
On April 28, 2021, Rally launched its token $RLY through an initial coin offering (ICO). The Rally platform was founded by Kevin Chou and Mahesh Vellanki, two entrepreneurs with extensive experience in computer games, hardware, software, virtualization, social media, network security, and customer support. Chou is also the creator of Forte, a video game economic technology business, and Kabam, a mobile gaming start-up.
How does Rally (RLY) Work?
RLY Network is a diverse ecosystem of consumer applications fueled by RLY Protocol. The protocol is designed to enable developers to create permissionless, multi-chain, open-source, and no-fee apps. Some of the independent projects within the network include Rally.io and Unite.io, two creator economy apps for the US and Asia, respectively. Additionally, there's Taki, a tokenized social network for Asia, Hotline, a tokenized creator communications platform, Joyride, a tokenized platform for game creators, Gambit, a tokenized fantasy sports platform, and many other projects that will soon come to market.
Conclusion
In summary, the RLY Network leverages its native ERC-20 token, RLY, to foster a vibrant token economy across multiple blockchains, enhancing community engagement and adoption through diverse consumer applications. Powered by the RLY Protocol, this ecosystem supports developers in creating a variety of token-enabled applications, from social networks to gaming platforms, under the stewardship of the Switzerland-based RLY Network Association. This innovative approach not only democratizes application development but also incentivizes participation within the RLY Network's expanding project portfolio.
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Trade RLY perpetual futures
After having successfully signed up on Bitget and purchased USDT or RLY tokens, you can start trading derivatives, including RLY futures and margin trading to increase your income.
The current price of RLY is $0.005750, with a 24h price change of +1.14%. Traders can profit by either going long or short onRLY futures.
Join RLY copy trading by following elite traders.
Rally news
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Santiment announced the 10 altcoins that experienced the highest increase in whale activity despite the declines.
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Bitcoin’s price skyrocketed to a new all-time high, rising 273% from $26,700 to $73,000, the last time the UTXOs in profit witnessed a similar decline.
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Rally Social Data
In the last 24 hours, the social media sentiment score for Rally was 3, and the social media sentiment towards Rally price trend was Bullish. The overall Rally social media score was 0, which ranks 1033 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Rally being mentioned with a frequency ratio of 0%, ranking 484 among all cryptocurrencies.
In the last 24 hours, there were a total of 53 unique users discussing Rally, with a total of Rally mentions of 33. However, compared to the previous 24-hour period, the number of unique users decrease by 17%, and the total number of mentions has decrease by 11%.
On Twitter, there were a total of 0 tweets mentioning Rally in the last 24 hours. Among them, 0% are bullish on Rally, 0% are bearish on Rally, and 100% are neutral on Rally.
On Reddit, there were 0 posts mentioning Rally in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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