(RABI)
The Rabi project is a DeFi application built on the Binance Smart Chain blockchain. It generates Rabi tokens that are soft-pegged to Bitcoin, gold, oil, the US dollar, and shares of technology companies. Rabi tokens are designed to minimize price volatility and serve as a store of value, medium of exchange, unit of account, and standard of deferred payment. The Rabi Protocol is managed by RABI token holders who govern the system and its financial risks through scientific governance. The Rabi Foundation prioritizes security through Formal Verification and mitigation plans for potential risks. Rabi Protocol is a decentralized token that is backed by collateral and is not issued or administered by any centralized actor or trusted intermediary. It has undergone formal system verification and contracted security audits. The potential market for Rabi is large, and it has applications in various industries such as gaming, prediction markets, and cross-border transactions. The Rabi Foundation plans to dissolve once Rabi can manage Governance completely on its own.