Ruby Protocol Monthly Review — June 2024
June 2024 has been a challenging month for the crypto market, marked by significant losses and the second-worst weekly decline of the year. This turbulence reflects a cooling demand for Bitcoin exchange-traded funds and uncertainty over monetary policy.
However, amidst this market downturn, Ruby Protocol has achieved remarkable milestones that underscore our resilience and commitment to innovation.
Exchange Listings and RUBY Claim Portal Launch
On June 3rd, we proudly listed the RUBY token on Bybit and Gate.io, two of the world’s leading cryptocurrency exchanges. This strategic move enhances user accessibility and promotes widespread adoption of the Ruby Protocol ecosystem.
Concurrently, we launched the RUBY claim portal, offering a secure and user-friendly platform for token claims. This achievement is the culmination of our relentless efforts in dApp development, user acquisition, on-chain growth, and ecosystem expansion.
Introducing Ruby Chain
On June 5th, we unveiled Ruby Chain, our state-of-the-art Layer-2 solution. This innovation marks a significant advancement in Web3 development, designed to simplify complexities and enhance user experiences.
Ruby Chain provides developers with a comprehensive suite of tools, including an extensive library of development resources, detailed documentation, and an intuitive blockchain browser.
Our goal remains unchanged: empowering developers to lead the Intent-Centricity and Abstraction movement within Web3.
Strategic Partnerships Propel Growth and Innovation
June was a pivotal month for strategic partnerships.
On June 6th, we partnered with Bitgert, a pioneering crypto engineering organization. This collaboration unifies our communities and leverages our combined strengths, reaffirming our commitment to pushing the boundaries of Web3 technology.
In June, we also welcomed Kima Network and Eonian Finance as new strategic partners. Kima Network, a decentralized settlement protocol, will help us address fragmentation in the crypto and financial landscapes.
Eonian Finance further enhances our ecosystem by offering decentralized savings accounts with wallet protection and passive earning opportunities.
Ruby Chain Developer Bounty Program
On June 10th, we launched the Ruby Chain Developer Bounty Program, offering financial incentives to developers who contribute to the Ruby Chain ecosystem. This initiative ensures fair compensation for developers and fosters a vibrant, engaged community.
And to ensure that developers are fairly compensated and that their interests are aligned with the growth of the Ruby Chain ecosystem. Key components of the bounty program include:
- USDT and RUBY Tokens: This dual-token reward system provides immediate monetary incentives (USDT) while aligning developers’ long-term interests with the success of Ruby Chain through RUBY tokens.
- Tiered Rewards: The program offers different tiers of rewards, ensuring that your contributions, regardless of complexity, are acknowledged and incentivized. From simple enhancements to groundbreaking applications, every effort counts.
Year-Long Marketing Roadmap Unveiled for Expansion
Building on our momentum, June 13th saw the unveiling of our comprehensive year-long marketing roadmap. This strategic plan outlines initiatives designed to expand our global reach and increase Ruby Protocol’s visibility.
We are confident that this roadmap will propel us towards greater recognition within the Web3 space.
Our Dedication Remains Unwavering
At Ruby Protocol, our commitment to driving innovation and fostering mass adoption of our solutions remains steadfast. We are dedicated to building a future-proof Web3 infrastructure, and our impressive track record of accomplishments stands as a testament to our ongoing efforts. This commitment to innovation is what drives us forward, and we are incredibly excited about the future and remain eternally grateful for your continued support.
We also extend our deepest gratitude to all our supporters and contributors who actively participate in the development of Ruby Chain. Your invaluable contributions and enthusiasm are shaping the future of blockchain technology.
Thank you for being a part of our journey.
About Us
Ruby Protocol is an Intent-Centric Chain Abstraction Layer for Web3.
We are building an intent-centric, interoperable, and privacy-preserving infrastructure for Web3 future. Our services, including Account Abstraction (AA), Assets Bridge (AB), Access Control (AC) and much more, are designed to accelerate Web3 development and its mass adoption.
We aim to make Web3 seamless and effortless to everyone everywhere.
