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What is The Root Network

What is The Root Network (ROOT)?

The Root Network basic info

Name:The Root Network

Ticker:

ROOTBuy now

Introduction:

What Is The Root Network (ROOT)?

The Root Network has been specifically designed to serve as the central hub for the open metaverse, providing connectivity between anything and everything. It offers a range of protocols that focus on core, UX, and digital content, ensuring that users can enjoy a seamless experience while also benefiting from enhanced asset interoperability. The platform prioritizes safety and user experience, boasting built-in account abstraction and an innovative token gas economy that enables some of the world's largest content brands to onboard users both safely and easily. The network is EVM compatible, built on Substrate, and integrated to XRPL and ETH with other networks on the horizon, which means that content and accounts on those networks can access deeper functionality and more interoperability in the open metaverse.

Who are the Founders of The Root Network (ROOT)?

The Root Network is a community project that has been founded by Futureverse. Futureverse is a media tech company that operates globally and has its headquarters in Auckland, New Zealand, and multiple offices around the world. The company's initial goal was to establish the real foundation of the open metaverse by bringing together 11 technology and content companies. Futureverse was established by Aaron McDonald, Shara Senderoff, Marco Brondani, and Daniel Gillespie. The company has leveraged its vast expertise in web3, AI, and entertainment, as well as intellectual property from some of the most renowned brands worldwide, to kickstart the applications on The Root Network.

What makes The Root Network (ROOT) Unique?

The Root Network was created to enhance user experiences and interoperability for content-oriented applications in web3. Developers can easily build such applications using the integrated range of core runtimes without having to build their own smart contracts. The rewards economy of The Root Network is unique and collects fees from various network activities to create a pool of rewards for network participants. The network comes prebaked with several protocols, such as the NFT Runtime, In-Chain exchange, and digital collectibles protocol for creating and trading digital collectibles. Additionally, The Root Network has UX protocols that simplify user onboarding and optimize the gas fee economy, asset bridges for transferring and referencing fungible and non-fungible collectibles, and a native identity protocol for establishing a persistent and secure digital identity. The network also comes equipped with metaverse protocols, including the Asset Register and social data protocol, and a native protocol for owning AI-powered collectibles.

What is the ROOT Token?

The ROOT network relies on its token, which is used by node validators and delegators to ensure the security of the Proof of Stake network. Through a NPoS (nominated proof-of-stake) mechanism, validators and nominators work together, with nominators supporting validators with their tokens. This staking process plays an important role in maximizing chain security, making it exceedingly difficult to engage in malicious behavior.

Current price:

$0.03492More price details

All-time high:$0.4653

All-time low:$0.01539

ROOT supply and tokenomics

Circulating supply:1,446,820,500 ROOT

Total supply:12,000,000,000 ROOT

Max supply:12,000,000,000 ROOT

Market cap:$50.52M

Fully diluted market cap:$419.05M

Links

Website:https://www.therootnetwork.com/

Whitepaper:https://www.futureverse.com/research?index=whitepaper

X:https://twitter.com/TheRootNetwork

Buy The Root Network for $1Buy ROOT now

What is the development prospect and future value of ROOT?

The market value of ROOT currently stands at $50.52M, and its market ranking is #682. The value of ROOT is not widely recognized by the market. When the bull market comes, the market value of ROOT may have great growth potential.

As a new type of currency with innovative technology and unique use cases, ROOT has broad market potential and significant room for development. The distinctiveness and appeal of ROOT may attract the interest of specific groups, thereby driving up its market value.

What will the price of ROOT be in 2025?

Based on ROOT's historical price performance prediction model, the price of ROOT is projected to reach $0.05658 in 2025.

What will the price of ROOT be in 2030?

In 2030, the ROOT price is expected to change by -20.00%. By the end of 2030, the ROOT price is projected to reach $0.09486, with a cumulative ROI of +163.47%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of ROOT and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

ROOT price ROOT price prediction ROOT news

Is ROOT worth investing or holding? How to buy ROOT from a crypto exchange?

If you want to buy ROOT, the following information may be helpful for your investment decisions:

In the last 7 days, the price of ROOT has fallen by -11.98%, leading to negative returns for most ROOT investors. The market is currently pessimistic about the price trend of ROOT.

It is important to note that the current price of ROOT has retreated by -92.50% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether ROOT is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in ROOT or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of ROOT, if you want to buy or sell ROOT, you can consider Bitget for your trading needs. The best place to buy ROOT is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in The Root Network has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy The Root Network. Here's a step-by-step guide on how to buy The Root Network on Bitget.

Buy ROOT now Coin buying guide

How to get The Root Network through other methods？

Using cash to buy The Root Network is not the only way to obtain The Root Network. If you have the time to spare, you can get The Root Network for free.

Learn how to earn The Root Network for free through the Learn2Earn promotion.

Earn free The Root Network by inviting friends to join Bitget's Assist2Earn promotion.

Receive free The Root Network airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to The Root Network through Bitget Convert, Bitget Swap, or spot trading.

What is The Root Network used for and how to use The Root Network?

The use case of The Root Network may expand as the crypto market and the project itself develop. Currently, you can use ROOT to achieve the following goals:

Arbitrage by trading ROOT: Since ROOT is a frequently traded cryptocurrency, the price of ROOT is always fluctuating. Earn more ROOT by buying low and selling high on the exchange. Bitget spot market provides a variety of ROOT trading pairs to fully meet your needs.

Earn by staking ROOT: You can also generate income through financial management methods such as staking ROOT or lending ROOT. Bitget Earn offers a variety of financial products designed to help you earn more income from your ROOT.

Send or pay ROOT: If you want to give ROOT to your friends, a charity, or a fundraiser, or you want to pay someone with ROOT, you can quickly and easily send ROOT to the recipient through their payment address.

You can also go to the official website of the The Root Network project to learn more about the use cases of ROOT. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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