Cryptocurrency Q&A What is a R1 coin?

What is a R1 coin?

CharmedSun CharmedSun Wed Nov 13 2024 | 7 answers 1627
I recently encountered a term called 'R1 coin' and I'm not sure what it refers to. Is it a type of cryptocurrency, or some kind of special coin? I'd like to know more about its background and usage. What is a R1 coin?

7 answers

Daniele Daniele Fri Nov 15 2024
The South African rand underwent a significant transformation when it replaced the pound.

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Bianca Bianca Fri Nov 15 2024
This change involved the adoption of a decimal currency system.

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Andrea Andrea Fri Nov 15 2024
In this new system, 100 cents (abbreviated as 100c) were equivalent to 1 rand (denoted as R1).

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CryptoVisionary CryptoVisionary Thu Nov 14 2024
The value of 1 rand was set at 10 shillings.

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Carlo Carlo Thu Nov 14 2024
Meanwhile, 1 cent was valued at 1.2 pence.

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