Raiden Network Token profile
Raiden Network Token Profile (RDN)
Score: 4.43 | Below Average
Adventurous Nano Cap
Project Safety Score

Thu, Oct 28, 2021 9:11 AM

Score 4.43
Rating Below Average
Market Cap $38875067.038022
24hr Volume $1815091.2523535
Price $0.58201495941377
Review

Raiden Network Token

token

Ethereum

The Raiden Network is an off-chain scaling solution, enabling near-instant, low-fee and scalable payments. It’s complementary to the Ethereum blockchain and works with any ERC20 compatible token. The Raiden project is work in progress. Its goal is to research state channel technology, define protocols and develop reference implementations. The introduction of payment channels, specifically the type first described by the Lightning Whitepaper (which introduced the Lightning Network), seeks to fix the scalability and congestion issues that currently plague blockchain technology. While the Lightning Network operates on the Bitcoin blockchain, Raiden introduces a comparable solution for the Ethereum network. There are several key features of the Raiden Network Token. Expedited transfer confirmations (<1 second ). Current transfers on the Ethereum blockchain can take a few seconds to minutes. Private transfers that are not viewable on the global ledger. Solve scalability issues so that Ethereum can create mass adoption, allowing Ethereum to become the peer-to-peer, global payments infrastructure with electronic cash that it was initially designed for. Low fee transactions. Micropayment capability that works in union with any ERC-20 token. The Raiden Network project is being developed by Germany’s Brainbot Technologies AG, a software company devoted to blockchain protocol development. Founded in the year 2000 by Heiko Hees, it currently has between 11 to 50 employees in offices among Berlin, Mainz, and Copenhagen. Also the founder of PediaPress, Hees has been a core developer of Ethereum since March 2014. Being a core developer for Ethereum, it is evident on how the founder sees the flaws in the current its present protocol with ways to improve it. Interestingly enough, the website does not include RDN as one of their main blockchain developments, which could be attributed to the difficulty of highlighting a wide variety of projects they are currently undertaking on one page. However, there are no updates on the status of the Raiden Network Project on either Twitter nor Medium since December 1st, 2017. Raiden can be used for a wide variety of applications and purposes such as Micropayments For Content Distribution, Decentralized M2M Markets, API Access and Fast Decentralized Exchanges."

Read more in the whitepaper:
https://raiden-network.readthedocs.io/en/stable/

Raiden Network Token Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

ETH: 0x255aa6df07540cb5d3d297f0d0d4d84cb52bc8e6


Ecosystems.

Raiden Network Token is a part of the following ecosystems.

Raiden Network Token Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Raiden Network Token Safety Report

Raiden Network Token has a safety score of 4.43

Raiden Network Token is a nano cap token.

Raiden Network Token is suited to a adventurous investment style.


Raiden Network Token Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • project team
  • bitcointalk thread
  • tradingview profile

Raiden Network Token Red Flags

There are currently no Raiden Network Token red flags.


Raiden Network Token Development Score

The Raiden Network Token project has 31 active source code repositories.

The most recent commit was Wed, Oct 27, 2021 1:34 PM

  • 505 Watchers
  • 2415 Stars
  • 705 Mentionable Users
  • 0 Vulnerabilities
  • 74 commits in the last 28 days.
Highlights:
  • extremely high stars
  • very good mentionable users
  • extremely high repo stars
  • daily repo updates
  • average watchers

Raiden Network Token Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!

The overall sentiment is very low indicating that this project is either not well-regarded in the community or simply no one is talking about Raiden Network Token. In general as the popularity of a project grows and as main stream awareness grows this score will go up - though only if the news is good news!
Highlights:
  • The overall sentiment is very low

Raiden Network Token Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Raiden Network Token?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Raiden Network Token has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.

Highlights:
  • extremely high hashtag tweets
  • extremely high gitHub account watchers
  • very low reddit articles
  • no search result count

Raiden Network Token Awareness Score

The awareness score indicates how well Raiden Network Token is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Raiden Network Token is but a good measure of longevity is how well the project is known by the general public.

Overall Raiden Network Token this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • no search result total
  • very poor news articles mentioning Raiden Network Token
  • no news articles directly about Raiden Network Token

Raiden Network Token Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Good project age (released Nov 8, 2017)

Raiden Network Token Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • low USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Raiden Network Token Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

Raiden Network Token Exchanges
Raiden Network Token Explorers
RDN
Community Trust Score (RDN)

--/5

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80.00%

Complete
Profile Status

How complete is this profile:

Some missing data points

This profile is still waiting for the following data points

  • project team
  • bitcointalk thread
  • tradingview profile
Community Signals

--/5

(no reviews)
Community Trust Score
Market Cap Rank:
630
Voted:
--
Bulls v Bears:
neutral
Watching:
0
Trending Position:
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