$ 0.0014 USD
$ 0.0014 USD
$ 1.271 million USD
$ 1.271m USD
$ 28,694 USD
$ 28,694 USD
$ 282,274 USD
$ 282,274 USD
0.00 0.00 REL
Issue Time
2023-06-05
Platform pertained to
--
Current coin price
$0.0014USD
Market Cap
$1.271mUSD
Volume of Transaction
24h
$28,694USD
Circulating supply
0.00REL
Volume of Transaction
7d
$282,274USD
Change
24h
0.00%
Number of Markets
3
Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
0.00%
1D
0.00%
1W
0.00%
1M
-34.87%
1Y
-88.82%
All
-98.03%
Aspect | Information |
---|---|
Short name | REL |
Full name | Relation Labs |
Founded year | 2021 |
Support exchanges | MEXC, CoinEx, and NovaDAX |
Storage wallet | Metamask |
Customer Support | Discord, Twitter, Telegram |
Relation Labs, abbreviated as REL, is a type of cryptocurrency that exists within a decentralized, blockchain-based platform. As a decentralized form of digital assets, it is not under the control of any central authority or government. The primary use case of REL, like other cryptocurrencies, is to facilitate the transfer of funds between parties through digital transactions.
The REL cryptocurrency uses advanced cryptography to secure transactions and its own blockchain to independently verify each transaction. This cryptocurrency was specifically developed for security and privacy, aiming to improve upon traditional financial systems' shortcomings. The compatibility of Relation Labs with smart contracts creates an opportunity for its use in a wide range of applications within the financial sector and beyond.
Pros | Cons |
---|---|
Decentralized cryptocurrency | Value is subject to fluctuation |
Uses advanced cryptography for transaction security | Risk associated with investing in cryptocurrencies |
Compatible with smart contracts | Reliance on the stability and security of the underlying blockchain |
Allows digital transactions | No guarantee of value increase |
Over the coming decades, REL's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.01242 and $0.1900. In 2040, our forecast suggests REL could reach a peak price of $0.7359,with a potential minimum around $0.03325.Looking ahead to 2050, technical analysis indicates that REL's price could range from $0.001768 to $1.24,,with an estimated average trading price of about $1.20.
Relation Labs (REL) introduces certain innovative features that help distinguish it from other cryptocurrencies. First and foremost, the platform emphasizes a higher degree of transaction security resulting from the use of advanced cryptographic techniques. This heightened level of security can help users make digital transactions with reduced risk of details being intercepted or tampered with.
Furthermore, REL brings in smart contract compatibility, extending its potential beyond simply facilitating digital transactions. The interoperability with smart contracts enables REL tokens to be used within automated transactions and agreements that execute when predefined conditions are met. This feature broadens the range of possible applications for the token within and outside the financial sector.
However, it's worthwhile noting that some other cryptocurrencies also display similar features and, in some areas and aspects, even more extensive functionalities. Each cryptocurrency offers different features, technologies, and benefits, depending on their specific use case or design philosophy. Therefore, despite its innovative aspects, REL is a part of a wider ecosystem of diverse cryptocurrencies targeting diverse needs. Just like any other digital asset, potential investors should conduct sufficient research to understand the nuances before investing.
Relation Labs (REL) operates on a decentralized blockchain-based platform, akin to many other cryptocurrencies. The fundamental principle behind REL and its working mode is to provide a secure and efficient means of conducting digital transactions.
Transactions using REL are secured using advanced cryptography, which is a practice of encoding and decoding information to maintain its confidentiality. Once a transaction is initialized, it changes into a cryptographic form that is extremely difficult to crack, thereby ensuring the integrity and security of the transaction.
Moreover, these transactions are then verified and added to the blockchain, a public ledger that records all transaction data across the platform. The blockchain is decentralized, meaning it is distributed among all participants within the REL network. This decentralization ensures that no single entity has complete control over the transaction data, thereby enhancing the safety and transparency of the entire system.
REL is also designed for compatibility with smart contracts. These are self-executing contracts, in which the terms of the agreement between the buyer and seller are directly written into lines of code. The code and agreements contained therein exist on the decentralized blockchain network. When predetermined conditions within the contract are met, actions are automatically triggered without the need for intermediaries.
This structure and operation have potential applications in a variety of sectors, including (but not limited to) finance, governance, and legal contracts. It's important, however, to conduct research and assess the relative strengths and weaknesses of REL within its specific context and potential use cases.
The price of Relation Labs (REL) is currently $0.013115 USD as of 2023-10-29 10:50:19 PST. It has a 24-hour trading volume of $121,521 USD.
REL is a relatively new cryptocurrency, having been launched in early 2023. As a result, its price has been highly volatile. However, it has seen a slight increase in price in recent weeks, rising from around $0.012 USD in early October to its current price of $0.013115 USD.
MEXC (formerly known as MXC) is a centralized cryptocurrency exchange that offers spot trading, margin trading, and futures trading. It supports a wide range of cryptocurrencies and provides users with a user-friendly trading interface. MEXC aims to provide a secure and efficient trading experience for its users and also offers additional features such as staking and lending.
CoinEx is another centralized cryptocurrency exchange that offers spot trading, margin trading, and futures trading. It supports a diverse range of cryptocurrencies and has a user-friendly interface. CoinEx is known for its high liquidity, competitive trading fees, and a range of features such as staking, token launches, and an optional membership program called CoinEx VIP that provides additional benefits to users.
NovaDAX is a centralized cryptocurrency exchange that offers spot trading services. It supports various cryptocurrencies and provides a user-friendly trading interface. It focuses on providing a secure and reliable trading experience to its users with features such as two-factor authentication and account protection mechanisms. NovaDAX also offers additional services, including OTC trading and a mobile app for convenient trading on the go.
Relation Labs(REL) can be stored in metamask.
MetaMask is a popular cryptocurrency wallet and browser extension that allows users to access and interact with decentralized applications (dApps) on the Ethereum blockchain. It acts as a bridge between your web browser and the Ethereum network, enabling you to manage your Ethereum-based assets, such as Ether (ETH) and ERC-20 tokens.MetaMask provides users with a secure and convenient way to store, send, and receive cryptocurrencies. It also allows users to connect to various decentralized exchanges and interact with blockchain-based applications securely. With MetaMask, users have control over their private keys and can manage multiple Ethereum addresses within the same interface.
Here are some pieces of advice for those considering investing in REL:
1. Extensive Research: Due to the volatile nature of the cryptocurrency market, it is crucial to conduct thorough research about REL, its underlying technology, its use-case, the team behind it, and the vision they are working towards.
2. Understanding Risk: Its important to understand that the value of cryptocurrencies including REL is subject to fluctuation. While it presents an opportunity for high returns if the value increases, it can also lead to significant losses if the value decreases.
3. Diversify Investments: Its good practice not to put all your savings into one type of investment, particularly a volatile one like cryptocurrency. Consider diversifying your portfolio to include different types of investments to distribute risk.
4. Safe Storage: Make sure you understand how cryptocurrency storage works. Whether you opt for a digital wallet or hardware storage, its important to ensure your REL tokens are kept secure to prevent loss or theft.
5. Regular Monitoring: It would be essential to keep observing the latest news, technological updates, and market trends about Relation Labs (REL) and the broader cryptocurrency market.
6. Professional Consultation: If you are unsure about investing in cryptocurrencies, you might benefit from speaking to a financial adviser who can provide personalized advice based on your financial situation and goals.
That being said, investing in cryptocurrencies such as REL should be based on the individual's investment strategies, risk tolerance, and financial goals. It's always highly advisable to invest the amount of money which one can afford to lose.
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