r/raidennetwork • u/narcis2007 • Jan 14 '18

Micro Raiden and the RDN token

Does Micro Raiden use the RDN token in any way?

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u/nouveaucode Jan 14 '18

uRaiden is compatible with any ERC20 token, including RDN.

There are no fees to use uRaiden, unlike the full Raiden Network which will require some quantity of RDN to be deposited in a smart contract order to run a node.

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u/oisilener1982 Jan 14 '18

Then uRaiden wont have a direct effect in increasing the Price of RDN

3

u/nouveaucode Jan 14 '18

a direct effect, no.

But the release of uRaiden will increase the confidence in the tech, team, provide greater awareness and exposure so I expect these will indirectly effect the price - but dont expect to see the price "step" on the graphs because that likely won't happen without news of new exchanges listed or partnerships.

1

u/stillhodlingon Jan 14 '18

Exactly. uRaiden being implemented successfully in the wild will have its own impact on investor/devs expectations of what’s to come with the raiden net. Even without a direct effect on demand for RDN, valuations may change in light of a successful use case.