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Using the Rubix App, it is easy to trade Rally (RLY) tokens. With the ever-increasing number of altcoins now available on the blockchain, it is vital to choose the right exchange to buy, sell and trade your tokens. With the latest in encryption software and a fully secure app, Rubix is the place to exchange cryptocurrencies.
Rally (RLY) is an Ethereum-based token that is native to the Rally network. It is one of the new breeds of networks set up to promote creators, artists, and musicians, allowing them to build their own economy and create their own tokens. As Rally is a decentralized network, creators have complete control over how they wish to use their tokens across social platforms.
An example of how this works is one of Rally’s early adopters, the Portuguese alternative rock band, Portugal. The Man. The band has launched their own cryptocurrency, PTM Coin, using the Rally network. Using this, fans can buy or earn coins that they can then use to access unreleased music, merchandise, vinyl or special live events.
Who created RLY?
Kevin Chou founded Rally in 2018, backed by initial startup funding from venture capital firms Andreesen Horowitz, Canaan, Battery Ventures, and Green Bay Ventures. Rally describes itself as a “decentralized organization.” In February 2020, launched its first creator project, Taki, a competitor to Cameo. In October 2020, Rally unveiled the Rally Network, a crypto project based on the Ethereum network.
Kevin Chou is a big success story in the crypto and business worlds. From a kid obsessed with video games, he went on to become a venture capitalist before founding mobile gaming developer Kabam at the age of 26. When he founded Rally, Chou was still also CEO of Kabam. He retains his position as CEO of Rally today.
How do I exchange and trade Rally?
As with other cryptocurrencies, you need to access an exchange such as Rubix to trade Rally. Once you have chosen the exchange that best suits your requirements, you can follow a few simple steps to begin trading. Although the specific mechanics vary from exchange to exchange, these basic steps will be a good guide:,1. First, create an account at your preferred exchange. This will require an email address and password, but some exchanges may require more identification for verification.
2. Log in using an app on your smart device or a web browser.
3. Add fiat currency, such as USD or cryptocurrencies to your exchange.
4. Next, buy your RLY tokens.
Finally, create a wallet if you do not have one already and put your RLY tokens in it. Once you have RLY in your wallet, you can trade it for other cryptocurrencies or fiat currencies, sell it or hold it as an investment until the price increases. You can also exchange it for unique content on the Rally network, should you so choose.
Exchange RLY using Rubix
Using the Rubix platform, with its built-in trading tool, exchanging RLY is easy. There is no need to go to a dedicated RLY exchange to transfer your cryptocurrency; you can trade directly from your Rubix account, exchanging RLY for the cryptocurrency of your choice or a fiat currency, such as USD. The Rubix app supports most major cryptocurrencies and is adding more altcoins and stablecoins all the time. You can also trade using most major fiat currencies so that you can quickly and securely do all your trading in one place. In addition, our enhanced security features make Rubix one of the most secure exchanges currently on the market.
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