Complete Guide on How to Buy RAI Token (RAI)

One of the RWA tokens that is starting to be widely discussed isRAI Token (RAI). For those of you who are still confused about how to buy RAI Token (RAI) safely and correctly, this article will help you from zero to understanding.

Read this article to learn more about what RAI Token (RAI) is, the latest price performance, and steps to buy RAI.

Key Takeaways

• RAI Token is an ERC-20 utility token of the AgroFi ecosystem.
• RAI can be purchased through CEX or DEX that supports RAI pairs.
• Make sure the wallet and Ethereum network are used correctly.

What is RAI Token (RAI)?

Image Source: RAI Token

RAI Token (RAI) is Ethereum-based utility token (ERC-20) developed in the ecosystemAgroFi, a blockchain-based digital farming platform.

This project was initiated by PT Royal Agro Industri, one of the largest agribusiness groups in Southeast Asia. RAI exists to bridge blockchain technology with the real-world agricultural economy.

Through this ecosystem, the agribusiness process is expected to become more transparent, efficient, and inclusive, both for farmers, producer partners, and global investors.

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RAI Price Today

Image Source: Coinmarketcap

Contract Address: 0xDa8d6d4C4082Bfb296711782F0Ead6C4b8aC5256

Based on the latest chart, RAI price today is in the range $167. Historically, RAI has recorded All-Time High (ATH) at $203.84 and All-Time Low (ATL) at $47.04.

With the current price position, RAI is still around17% below ATH, but it has gone up more than250% off its lowest price. 

This condition shows that RAI has experienced a strong recovery, although it still has the volatility typical of crypto assets.

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How to Buy RAI Token (RAI)

You can buy RAI Token (RAI) on:

- Centralized Exchange (CEX) which provides RAI pairs.

- Ethereum (ETH)-based Decentralized Exchanges (DEX). 

The choice of platform can be adjusted to your experience and preferences.

How to Buy RAI Token on CEX:

For beginners, buying RAI through CEX is usually easier because the interface is user-friendly and it supports fiat transactions.

1. Create an account on a crypto exchange that supports RAI.

2. Complete the account verification process.

3. Make a deposit of funds (IDR, USD, or stablecoin).

4. Enter the market and look for a pair RAI/IDR or RAI/USDT.

5. Determine the purchase method (instant or limit order).

6. Confirm the transaction and wait for the RAI to enter the balance.

After a successful purchase, RAI can be stored in an exchange wallet or transferred to a personal wallet.

How to Buy RAI Tokens on DEX:

For those of you who are more experienced and want full control over your assets, buy RAI through DEX could be an option.

1. Set up a non-custodial wallet like MetaMask.

2. Make sure the wallet is connected to the Ethereum network.

3. Fill the wallet with ETH for swap and gas fees.

4. Connect the wallet to a DEX that supports RAI.

5. Enter the official RAI Token contract address.

6. Convert ETH or stablecoins to RAI.

7. Confirm the transaction in the wallet.

Make sure you always use official token contracts to avoid fake tokens.

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Important Tips Before Buying RAI Tokens

To ensure the RAI purchase process runs safely, please note the following points:

- Check market liquidity before buying.

- Use a trusted platform.

- Pay attention to transaction fees, especially on the Ethereum network.

- Don't go all-in straight away, manage the risk well.

These simple steps can help you avoid common beginner mistakes.

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Conclusion

How to buy RAI Token (RAI) is actually quite easy, whether through CEX or DEX, as long as you understand the basic steps.

As the utility token of the AgroFi ecosystem, RAI offers a combination of blockchain technology and the real-world agricultural sector.

Despite its potential, RAI remains a crypto asset with risks. Make sure you purchase with careful consideration, understand the project, and don't rush into a decision.

How to Buy Crypto on Bittime

Want to trade sell and buy Bitcoins and easy crypto investing? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is secure and fast.

Start by registering and verifying your identity, then make a minimum deposit of IDR 10,000. After that, you can immediately purchase your favorite digital assets!

Check the course BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles on Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

What is RAI Token (RAI)?

RAI Token is an ERC-20 utility token of the AgroFi ecosystem focused on digitizing the agricultural sector.

Can RAI Tokens be purchased with Rupiah?

This depends on the platform used. Some CEXs offer RAI pairs with fiat or stablecoins.

Is it better to buy RAI on CEX or DEX?

CEX is suitable for beginners, while DEX is more suitable for users who are already familiar with crypto wallets.

Is RAI Token safe to store in a personal wallet?

Yes, as long as you use a trusted wallet and keep your private key safe.

Is RAI Token suitable for beginners?

RAI is relatively beginner-friendly, but it is still recommended to learn the basics of crypto and risk management before purchasing.