Recast1 Coin is a “non-fiat oriented stablecoin” that is not indexed to global fiat currencies and aims to maintain price stability. It uses changes in the numbers of increase in the user pool, increase-decrease in the number of user transfers, increase-decrease in the number of staked users,quantitative increase and decrease in the staked amount to maintain price stability. Recast1 coin will be the first stable coin and fiat currency to be affected by these four factors that only users can influence and to ensure price stability with these factors. For this reason, it is a fully decentralized "non-fiat oriented stable coin".
What is the highest value Recast1 (R1) has ever reached?
Recast1 (R1) reached its peak price at 0.005483 $ on 04 June 2022, approximately 3 years ago ago. Presently, the current price is -99.97% lower than this all-time high.
What is the historical minimum price for Recast1 (R1)?
The minimum price reached for Recast1 (R1) was 0.063496 $, documented on 28 November 2023, more than 2 years ago. In comparison, the current price is 257.51%, it above this historical low.
What is the fully diluted valuation of Recast1 (R1)?
The fully diluted valuation (FDV) of Recast1 (R1) stands at $ 12,482.36. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of R1 tokens. The realization of this FDV might take several years depending on the emission schedule of R1 tokens.