Ruby Protocol Monthly Review — April 2022
Fellow Rubies,
We are very excited to share a new set of developments in this Monthly Review with you. After we step into a new chapter of Ruby Protocol, we are now picking up pace and building a new and talented team to support the new Ruby Protocol.
April has been a very fruitful month for Ruby Protocol. We mainly focused on team expansion, website upgrades, the final delivery of Milestone 2 of our Web3 Grant, and new building strategies, including a more refined timeline and roadmap.
Read on to find more details.
New Talents
Andre Ramsey — Marketing & Operations Manager.
First and foremost, we would like to give a sincere welcome to Andre (@Sir_Ramsey1), our new Marketing and Operations Manager, who will push our social media game and content quality to the next level.
We believe Andre is a good fit for our Web3 vision because of his extensive knowledge of the crypto market and marketing itself. His work experience has demonstrated his excellent planning, negotiation, and technical understanding skills.
As his title indicates, Andre Ramsey will help Ruby Protocol in the following facets:
- Marketing Ruby Protocol’s WHY by managing, researching, and developing marketing plans, maintaining response operations and brand reputation.
- Overseeing marketing data, analytics, and market trends to strategize ways to amplify Ruby Protocol’s reach.
- Planning, directing, and coordinating marketing programs to increase user and investor interest and demand for Ruby’s privacy solutions.
- Negotiating contracts for advertising, marketing, and promotions.
Riku — Ruby Ambassador
Riku (@ItsJustRiku) is the latest addition to the Ruby Protocol team. Riku will serve as the ambassador of our vision to promote Ruby Protocol as the Web3 Privacy-Centric Infrastructure.
Riku is a passionate member of the crypto community that supported many Web3 projects. We believe his track record proves he has enough experience and knowledge to promote Ruby Protocol’s vision, provide feedback to improve our privacy services and assist our users with questions and concerns.
As Ruby Protocol’s ambassadors, Riku will:
- Help community members in all possible ways
- Attend meetups and meetings and represent Ruby Protocol
- Spread words about Ruby Protocol’s vision
- Help run community and marketing contests
- Assist with marketing campaigns
- Raise awareness about privacy and web3.0
New Teaser Video
As you may know now, we are working on a new animated video to capture what Ruby Protocol can do for web3 users. We believe this animation perfectly sums up our future contributions to the web3 privacy sector, and it will offer whoever visits us a clear sense of what the new Ruby is all about.
As the animation shows, Ruby Protocol is now a Web3 Privacy-Centric Infrastructure that aims to make Web3 Privacy Possible.
Any action is a data point, and its collection forms your life. In the near future of the data world, we aim, with Ruby Protocol, to implement a privacy layer interacting with the multi-chain ecosystem. It is a fine-grained private data access-control gateway across different entities and organizations in the decentralized and traditional financial world.
New Website
A new chapter merits a new look. Sometimes, predictability can lead to failures.
The new website revolves around Ruby as the inspiration for the main aesthetics. The dominating graphics resemble gemstone cutting surfaces using polygonal design, supplemented by the refraction of gemstone light to create a sense of dignity and reflect the value of your data.
You will see significant improvements on:
- Our clean and appealing design, making it easy to read with intuitive navigation. We believe the new design helps viewers focus on the value of our brand and content.
- Color schemes. We spend time and energy considering Ruby Protocol’s niche, target audience, and branding. We believe they align with our logo and brand design.
- Calls to action. We encourage users to contact us, join our communities, and subscribe to Ruby’s newsletter on our new website.
- Integration with social media. It is no longer a novelty — it’s a must.
New Roadmap
As a result of the dynamic crypto space and shifting needs in this changing market, the ability to adapt and implement agile project management is needed more than ever before.
The new Ruby Protocol is still attuned to our vision of achieving Web3 privacy, however, we will change how we achieve it.
The following is a roadmap for the new Ruby Protocol.
Q1 2022
• Micropayment Scheme and Relevant Substrate Module Released
Q2 2022
• Web 3.0 grant milestone 2 approval
Q3 2022
• Testnet V1.0 Launch
• Bug Bounty Program
Q4 2022
• Mainnet V1.0 Launch
Q1 2023
• Access control for NFT-gated event V1.0 Launch
New Web3 Foundation Grants Milestone
We are now a step closer to the final delivery of Milestone 2 of our Web3 Grant. After weeks of iterations, we have achieved significant improvements upon the last version and we are glad to announce that The Web 3.0 grant has finally been accepted:
More details: https://github.com/w3f/Grant-Milestone-Delivery/blob/master/evaluations/ruby_protocol_2_takahser.md.
RUBY Tokenomics
$RUBY is the native token of the Ruby Protocol that stakers deposit as collateral to run a node on the network. Blockchain needs a privacy layer to support data monetization. The utility of $RUBY includes but is not limited to:
STAKING
All the nodes are required to stake $RUBY and run nodes to secure the decentralization of the Ruby Protocol.
GOVERNANCE
$RUBY token holders can create and vote for proposals. Token holders can vote for protocol upgrades.
PAYMENT
$RUBY will be used as the payment method for transaction fees occurring on the network.
All in all, we are happy with what we accomplished in April and it would officially usher us into the new chapter of Ruby Protocol. In May, we will have much more to reflect on. Can’t wait to share more with you very soon.
Thank you for reading.
About Us
Ruby Protocol is a cross-chain, privacy-first infrastructure, powered by Polkadot. Our layer-1 protocol utilizes Functional Encryption (FE) cryptography, which allows users to adopt a modular approach to data privacy and ownership. This novel solution will allow users to encrypt sensitive information on-chain, which can only be decrypted by holders of an approved private key.
Ruby’s FE Substrate-pallet will serve as the building blocks for privacy-first smart contract DApps building on the native Ruby Chain, while also acting as a privacy layer for Parachains and Web3 DApps across the Polkadot ecosystem.
