In this article, we tried to answer questions such as what is RAMP coin, what is a cryptocurrency Ramp (RAMP), how to buy RAMP coin. Here are the RAMP coin comments and details about its future…
RAMP is a decentralized protocol that aims to empower users by providing a blockchain agnostic liquidity network.
What is RAMP (RAMP) Coin?
RAMP is a decentralized protocol that aims to empower users by providing a blockchain agnostic liquidity network. The protocol aims to improve DeFi adoption by allowing non-Ethereum users to stake tokens on Ethereum platforms. It will enable users to interact with the RAMP protocol and increase their efficiency.
The multi-chain DeFi protocol helps users earn high returns on their assets and collateralized stablecoins called rUSD issued on the Ethereum blockchain. It offers extra liquidity through various investment opportunities and higher availability in blockchain networks.
Tokens using non-Ethereum standards are first converted to stablecoins called rUSD before being applied to the Ethereum blockchain. The rUSD token can also be minted on Binance Smart Chain and Polygon. RAMP hopes to add more chains in the future.
Additionally, Ethereum blockchain users can easily print eUSD by depositing their ERC20 stablecoins into the RAMP eUSD liquidity pool. As a result, rUSD and eUSD holders can trade, borrow and lend tokens and create liquidity while simultaneously holding these tokens.
Who Founded RAMP?
RAMP was co-founded by Lawrence Lim and Loh Zheng Rong.
Based in Singapore, Lim completed his undergraduate degree in business administration from Nanyang Technological University in Singapore, specializing in banking and finance. She worked in asset management at JPMorgan before moving to KPMG Corporate Finance. He then worked as head of growth at IOST before establishing RAMP in Singapore where he is now the project leader.
Rong holds a degree in business and financial asset management from Singapore Management University. He is a serial entrepreneur in Singapore, co-founder of food awards company Gastro Couture, online auction platform Singapore Tender, and credit history business Toucanapp. He also worked as chief innovation officer at 2359 Media in Singapore. Prior to founding RAMP, he was also the co-founder of blockchain startup NOX.
RAMP Coin Review and Future 2022
The growing staking economy has encouraged RAMP to offer collateralized stablecoins to maximize returns. However, many cryptocurrency products are complex and prone to fraud and hacking. Given the high volatility in the market, investors should exercise due diligence before investing in digital assets.
Potentially, the project seems to have an interesting approach to maximizing value for investors, but the token has had a rather dismal performance over the past year.
Remember that cryptocurrencies are assets that are susceptible to price fluctuations. So be careful never to invest more than you can afford to lose.
