Radiant Capital Price in India (RDNT)

Radiant Capital is a cross-chain borrowing and lending platform where users can use their cryptos to borrow other supported assets from different blockchains. The network is powered by its native token RDNT, which is a Layer zero OFT-20 token standard allowing assets to be seamlessly shared across multiple blockchains.

Radiant Capital (RDNT) was founded by George Macallan in July 2022.

• RDNT token: The Radiant Capital platform is powered by its native and utility token RDNT, which has several utilities such as paying fees on the platform, participating in governance, and earning rewards.

• Interoperability: The borrowing and lending platform enables lending cross-chain interoperability, allowing borrowing across different blockchains. 

• Cross-chain accessibility: Radiant Capital’s main service is providing lending and borrowing assets, both on-chain and across different blockchains. The platform achieves this by using LayerZero’s omnichain protocol. 

• Security: Being a decentralized platform, Radiant Capital prioritizes security and transparency ensuring that transferring assets between different chains is done seamlessly without vulnerabilities.

RDNT is a comparatively new crypto, having entered the crypto market in July 2022. Since its launch, the token has been on a bullish trend for most of the time. As of September 2024, RDNT is trading at $0.08. According to experts, RDNT is estimated to trade at around $1.03 by 2030. With the DeFi sector poised for a promising future, DeFi-based tokens like RDNT could fetch gains for investors. 

Download the CoinSwitch app to invest in RDNT.

• RDNT can be traded with other cryptos. It can also be bought, sold, or HODLed from crypto exchanges to leverage the price movement. 

• RDNT tokens can be staked to secure the Radiant Capital ecosystem and help generate staking rewards for users.

• RDNT token can be used to pay interest payments on borrowing within the platform.

• As a utility token, token holders can participate in the governance of the Radiant DAO.

• The borrowing and lending feature offered by Radiant Capital is accessible both on-chain and cross-chain, allowing seamless interoperability between blockchains and digital assets.

• Radiant Capital partners include prominent names in the crypto industry such as Layer Zero Labs, ChainLink, Lido, and PancakeSwap.

• The RDNT token has several utilities within the ecosystem and can be used to pay for interest for borrowing in addition to governance and staking features.

• RDNT token, like all cryptocurrencies, is subject to volatility which can impact its price. 

• The DeFi sector is plagued by security breaches and Radiant Capital, a DeFi platform also faces this threat. 

• The concept of cross-chain borrowing and lending offered by Radiant Capital might be too complex for some users.

• To trade in Radiant Capital (RDNT), download the CoinSwitch app.

• You can start with just ₹100.

• Crypto traders can seamlessly manage transactions and portfolios in a secure environment and trade cryptos at a nominal fee.

Radiant Capital was developed with the funds contributed by initial founders and developers. The platform did not raise funds through Initial Coin Offering (ICO). After its launch in July 2022, the platform successfully raised $10 million in its seed funding round in September 2022. The funding round was led by investors like Pantera Capital.