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About RRT

RRTs are digital tokens evidencing a limited-recourse, contingent obligation of the Bitfinex Group. RRTs are notional credits, are solely dependent on the Bitfinex Group’s recovery of Losses, and are subordinated to any and all other claims against the Bitfinex Group, including claims related to the Losses. Recovery, in this context, refers exclusively to recovery of the property taken during the Event. As of November 30, 2016, the total number of RRTs issued and outstanding is equal to 30,199,822.40.An RRT entitles the holder to a share of the recovery only after all issued and outstanding BFX tokens are redeemed. If sufficient recovery amounts remain after redemption of all BFX tokens, RRTs are entitled to share in the recovery at a rate of 1:1: one RRT entitles the holder to US$1.00 of recovery, 1/2 of an RRT entitles the holder to US$0.50 of recovery, etc. If the remaining recovery amount is less than the amount to cover RRTs on this basis, the remaining recovery amount shall be allocated among RRTs pro rata. (Recovery amounts available, if any, in excess of 1:1 to RRT holders shall belong to and be solely vested in the Bitfinex Group.) RRTs may be redeemed by the Bitfinex Group at any time at the Bitfinex Group’s sole option, using dollars, digital tokens, or other property at current market values, in the Bitfinex Group’s discretion.By holding, owning, or possessing RRTs, you release and hold harmless the Bitfinex Group from, and waive any claim against, the Bitfinex Group associated with the recovery efforts undertaken as a result of the Event and the Losses. Any rights, claims, and defences available to the Bitfinex Group under the terms of service at bitfinex.com are expressly reserved.

Recovery Right Token (RRT) is a cryptocurrency launched in 2022. RRT has a current supply of 0 with 0 in circulation. The last known price of RRT is 0.905 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $17.49 traded over the last 24 hours. More information can be found at https://www.bitfinex.com/legal/token-terms/rrt.

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RRT Price Statistics
RRT’s Price Today
24h Price Change
-$00.00%
24h Volume
$17.490.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#9011
RRT Market Cap
Market Cap
$0
Fully Diluted Market Cap
$0
RRT Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
RRT Supply
Circulating Supply
0
Total Supply
0
Max Supply
0
Updated Oct 09, 2024 5:18 am
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RRT
Recovery Right Token
$0.905
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Decentralized Science Movement Aims To Reform Peer Review System
Decentralized Science Movement Aims To Reform Peer Review System
According to Cointelegraph, the decentralized science (DeSci) movement is gaining traction among those who believe that the current scientific publishing system is overly centralized and lacks proper incentivization. One prominent supporter of this movement is Charles Hoskinson, co-founder of Cardano. Hoskinson has been vocal about his criticisms of traditional scientific publishing, describing it as 'terribly broken.' He argues that blockchain-based DeSci can address these issues, particularly in the peer review process. Peer review is a critical component of scientific research, where qualified scientists evaluate the work of their peers to ensure its accuracy. Ideally, this process helps to identify and correct mistakes, miscalculations, or errors. However, critics argue that the peer review system is often flawed and can be easily manipulated. Concerns have been raised about who qualifies as a 'peer' and whether the review process is sufficiently fair and diverse to represent the full spectrum of scientific research. One proposed solution to these issues is the publication of research as 'pre-prints.' This allows scientists to share their work with the public without undergoing the costly and sometimes biased peer review process. However, this approach has its drawbacks, as the claims made in pre-prints may go unverified. The DeSci movement seeks to address these challenges by creating a system that incentivizes the participation of qualified reviewers. Unlike traditional for-profit scientific journals, which centralize assets and control, DeSci relies on a decentralized autonomous organization (DAO) to manage the group's protocols and funds. Proponents of DeSci argue that this model eliminates the need for monolithic journals by creating an economy where both research and peer review are valued and incentivized. By leveraging blockchain technology, DeSci aims to create a more transparent, fair, and efficient system for scientific publishing. This could potentially revolutionize the way scientific research is conducted and shared, ensuring that valuable contributions are recognized and rewarded appropriately.
Oct 09, 2024 5:03 am
Babylon Bitcoin Staking Platform Sees Significant Uptake
Babylon Bitcoin Staking Platform Sees Significant Uptake
According to CoinDesk, Bitcoin protocol Babylon completed its second staking round on Tuesday, significantly increasing deposits to approximately 24,000 BTC ($1.5 billion) from about 1,000 BTC previously. The staking round was 'duration-based,' lasting for 10 Bitcoin blocks. Babylon, a Bitcoin staking platform designed to provide the original blockchain's security to new protocols and decentralized applications, attracted about $1.5 billion worth of bitcoin after briefly opening to additional deposits. This uptake indicates a robust demand for a growing decentralized finance (DeFi) ecosystem on the 15-year-old Bitcoin blockchain, which was previously limited to alternative networks like Ethereum and Solana. According to Babylon's staking dashboard, around 18,601 BTC had already been staked as of 20:03 UTC (4:03 p.m. ET), with an additional 5,419 BTC pending in the staking queue. The cap was lifted for about 10 Bitcoin blocks over the course of one hour and 23 minutes, with the only restriction being that users could stake up to 500 BTC per transaction. This structure marked a departure from the initial opening in August, where the cap was set at a fixed 1,000 BTC and filled up in an hour and 14 minutes. Babylon aims to allow proof-of-stake chains to acquire capital from the deep reserves stored in BTC. It is one of many initiatives aimed at introducing utility to Bitcoin, which is commonplace on networks such as Ethereum but historically largely absent from the world's first blockchain. The project gained attention in May this year when it completed a $70 million funding round, following an $18 million round the previous December.
Oct 09, 2024 4:43 am

Frequently Asked Questions

  • What is the all-time high price of Recovery Right Token (RRT)?

    The all-time high of RRT was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Recovery Right Token (RRT) is 0. The current price of RRT is down 0% from its all-time high.

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  • How much Recovery Right Token (RRT) is there in circulation?

    As of , there is currently 0 RRT in circulation. RRT has a maximum supply of 0.

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  • What is the market cap of Recovery Right Token (RRT)?

    The current market cap of RRT is 0. It is calculated by multiplying the current supply of RRT by its real-time market price of 0.905.

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  • What is the all-time low price of Recovery Right Token (RRT)?

    The all-time low of RRT was 0 , from which the coin is now up 0%. The all-time low price of Recovery Right Token (RRT) is 0. The current price of RRT is up 0% from its all-time low.

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  • Is Recovery Right Token (RRT) a good investment?

    Recovery Right Token (RRT) has a market capitalization of $0 and is ranked #9011 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Recovery Right Token (RRT) price trends and patterns to find the best time to purchase RRT.

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