RAI Blocks: Exchange Worries & Binance Listing Hopes

Australian Fund Manager “Bored of Bitcoin,” Calls Cryptocurrencies “Useless”

RAI Blocks (XRB) has fallen away from its peak prices near $36. But the future may be bright, as the coin seeks listings on more active markets. The short-term aim for the next few weeks will show whether XRB can prevail and gain a listing on Binance.

XRB had a few jittery days when the price fell on negative news of a compromised web wallet and problems with withdrawals from the Mercatox exchange.

But now, XRB is only steps away from a listing on Binance, having won the community vote last month:

RailBlocks(XRB) won the#Binancevote with 12945(53.57%) votes.#XRB$XRB— Binance Updates (@BinanceUpdates)January 5, 2018

Binance has confirmed the upcoming listing, making January a month of potential growth for XRB.

"We would like to congratulate the winner - RaiBlocks (XRB)!
As promised, XRB will be awarded with a free listing placement on Binance. The exact listing time will be announced separately."

$XRB#XRBthat's the thing. I would say Litecoin no need anymore. BTC we can still use as a "Gold" substitute. Dash has a lot of adoption I guess, but could also be replaced.https://t.co/O0hNY4N3dm— Christian Josephs (@ChristBKK)January 9, 2018

Making a coin obsolete, however, may take years, or turn out to be impossible, as digital assets are rather robust, and RAI Blocks has only been around for a short while. While the coins have been spread to many wallets via a long-running faucet, after trading for a while, the assets may find their way into fewer whale wallets.

The RAI Blocks network has a fixed number of coins, no mining and no fees. This has raised some questions on how exactly the asset becomes valuable, since it resembles a centralized currency, like a gaming token. The network is only secured and verified by nodes, which are also comparatively easy to set up.