Rally (RLY)

Rally is currently trading at $0.0119, after a price change of 13.46% in the last 24 hours.

Ranked as cryptocurrency #373 by capitalization today, RLY market cap is valued at $43,501,419. RLY trading volume reached $25,793,594 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on RLY coin price prediction page.

What is Rally?

Rally in a blockchain protocol that enables content creators to deploy cryptocurrencies for enhanced fan engagement. The creator tokens can be acquired by fans who benefit once the tokens appreciate as the artists accrue more fans. Creator coins are managed by a unique pricing curve that determines the automated market maker’s function of liquidity provision in the network. 

RLY is the native token powering Rally protocol. The tokens are used to pledge allegiance to favorite artists, use in accessing premium content, or buy NFTs that the creators issue. There are 2.5 billion circulating RLY tokens from a total supply of 15 billion and an equivalent hard cap. The total token supply was minted at the project’s inception and will be released in 8 years. Of the supply, an amount of less than 30% was apportioned to the Rally team and investors, and the remaining is allocated for the community. 

RLY token holders are eligible to participate in the protocol governance through voting. The decisions revolve around grants, upgrades, and the admission of new rally creators. The governance aspects are categorized into Rally Discord, Rally Forum, and Rally Snapshot.  

Rally was unveiled in 2018 with Mahesh Vallanki and Michael Li as the co-founders.