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Highlights
- The aim of Rubic crypto is to deliver a complete one-stop decentralised trading platform.
- Amongst other things, Rubic allows its users to make a swap between different networks using integrated and created bridges between those networks
- Since late June, RBC has rallied to US$0.63 where it currently sits as of October 25, 2021.
One of the most intimidating and arduous aspects of cryptocurrency trading is the complicated process it takes to trade one crypto for another.
Rubic crypto very much represents a Rubik’s cube where trading from crypto to crypto can be done in one place.
What is Rubic?
Rubic is a multichain decentralised finance (DeFi) ecosystem, which features cross-chain swaps, instant swaps and much more. The aim of Rubic is to deliver a complete one-stop decentralised trading platform.
The Rubic platform is a place where users can complete cross-chain swaps utilising different solutions. Furthermore, thanks to a decentralised exchange (DEX) aggregator implementation, users can receive the best rates from all the leading swap protocols. Users can also buy MATIC or BNB directly via from a feature called the Crypto Tap.
Currently, Rubic supports trades on Ethereum, Polygon and Binance Smart Chain networks as well as cross-chain swaps between Ethereum, Polygon and Binance Smart Chain, xDai and TRON networks.
Rubic’s Origins
Rubic was founded by Vladimir Tikhomirov and Alexandra Korneva in 2020. Tikhomirov is a software industry executive with more than 10 years experience building companies, around the globe. Korneva specialises in public relations and marketing.
Rubic's team created their product – MyWish – in 2017. MyWish was the leading platform for Smart contracts builders for blockchains supported by TRON, Binance, Neo, OKEX,
Since then it has delivered several successful projects and has worked with big players such as Binance, Tron, NEO, and others.
How Does Rubic Work?
Rubic’s numerous features include:
- Instant Trades – Where users can trade between different digital currencies, from different blockchains and exchanges, all on one platform.
- Rubic Routing system – Allows users to Complete a trade instantly while simultaneously getting the best rates on the market.
- Cross-Chain Swaps – This feature allows users to make a swap between different networks using integrated and created bridges between those networks.
Rubic Price Analysis
Like many altcoins over the last few months, Rubic has experienced a solid rally along with Bitcoin – the world’s largest digital currency.
Rubic’s native token is the RBC.
Although RBC’s price has seem a slight downturn in the last few days, overall the price has rebounded extremely well since late June.
In fact, on June 21, 2021, RBC plummeted to US$0.078 after hitting an all time high of US$0.79 on February 2, 2021.
However, since late June, RBC has rallied to US$0.63 where it currently sits as of October 25, 2021.
As cryptocurrency and block chain technology evolve, the space will continue to see advancements such as what Rubic has to offer. Namely, these developments will make the process of dealing in cryptocurrency less clunky and more fluid.
