Ruby Protocol — Strategic Partnership With MyCointainer
To all Rubies,
What an exciting week! We are delighted to welcome another strategic partner to the Ruby Protocol ecosystem.
MyCointainer is a staking platform for all cryptocurrency enthusiasts, experienced or fledging. They have set themselves apart by providing different passive income streams that support not only the end users but also companies in simple but meaningful ways. MyCointainer now offers more than 100 staking assets, 250 exchange pairs, 25 cold staking assets, and grand giveaways, all conveniently utilized by their users.
We are super excited about working with MyCointainer because this partnership will pave the way for empowering our future tokens. Using their cutting-edge staking facility, future RUBY holders can deposit their tokens to earn immediate rewards, help us decentralize and secure the protocol, and, more importantly, participate in Ruby Protocol to have private data access control.
MyCointainer is well-regulated by financial authorities. This platform is licensed and regulated by the Financial Intelligence Unit (FIU) to offer services of exchanging a virtual currency against FIAT and wallet management. These high regulations and controls help to enhance trust among MyCointainer’s community.
However, we hope to provide an extra layer to protect MyCointainer’s end users. Ruby utilizes Functional Encryption (FE), a leading-edge cryptographic solution that enables users to encrypt sensitive information on-chain, which can only be decrypted by holders of an approved private key. I believe this solution is well positioned to protect crypto users in day-to-day operations.
The crypto movement promises to return data ownership to the people while having complete transparency regarding blockchain transactions. To fulfill these contradictory goals, privacy is the key.
Together, we hope to drive the adoption of crypto and privacy protocol and ultimately open the door to new value possibilities.
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.
