$RUBY Tokenomics Review
This post will give you a complete view of the $RUBY token, its structure, and future movements.
It studies $RUBY’s supply, demand, distribution, and valuation as it progresses. This guide will include various factors, including the total token supply, distribution, utilities, and community incentives.
We believe it is necessary for all parties to have a good understanding of our tokenomics as it directly guides its growth and trajectory and is absolutely crucial for anyone involved or interested in Ruby Protocol.
What is $RUBY
$RUBY is the native token of the Ruby Protocol, meaning the exchange of data and value within the Ruby Protocol ecosystem and its development and expansion are dependable on and facilitated by $RUBY tokens.
$RUBY, as the utility token of Ruby Protocol, can provide its holders with access to a specific product or service within the ecosystem. It is an indispensable part of Ruby Protocol as it enables access to blockchain-based products and services, and its value is directly linked to the popularity of the product or service with which it is associated.
Consider $RUBY as the blood vessels of Ruby Protocol.
Overview of $RUBY
- Ticker: $RUBY
- Token type: ERC-20
- Total supply fixed at: 1,000,000,000
- Circulating on TGE: 83,666,667
- Initial market cap: $3,346,667
- Seed Round — $0.015
- Private Round I — $0.030
- Private Round II — $0.040
$RUBY Utility
$RUBY is the native utility token of the Ruby Protocol that is needed to run and govern the protocol.
Blockchain needs a protocol and an ecosystem to support value and information exchange. And crypto users need a set of applications to help them manage their crypto lives.
The utility of $RUBY is designed to make sure the protocol and the applications within are running smoothly to serve our user base, which includes but is not limited to:
- Staking: All the nodes are required to stake $RUBY 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 and applications.
- Incentive: $RUBY can be used to encourage users to participate in the network.
Holders of RUBY tokens can make proposals in the following ways following the rules:
- System upgrade
- Modification of governance rules
- Financial support and incentive plan
- Addition or modification of product features
- Adjustment of system governance parameters
$RUBY Token Distribution & Allocation
$RUBY Releasing Schedule
The initial circle supply of $RUBY at TGE will be 83,666,667.
During the TGE phase, the released $RUBY tokens will be allocated for Private Round I, Private Round II, Public Presale, and Liquidity Bootstrapping Pool.
Seed Round
- Percentage: 1.5%
- Tokens: 15,000,000
- quarterly vesting in 0–24 months
Private Round I
- Percentage: 6.0%
- Tokens: 60,000,000
- 5% on TGE, then quarterly vesting over 18 months
Private Round II
- Percentage: 9.0%
- Tokens: 90,000,000
- 10% on TGE, quarterly vesting for 12 months
Public Presale
- Percentage: 6.5%
- Tokens: 65,000,000
- 33.3% on TGE, monthly vesting for 2 months
Liquidity Bootstrapping Pool
- Percentage: 5.0%
- Tokens: 50,000,000
- 100% on TGE, no vesting
Staking Reward
- Percentage: 40.0%
- Tokens: 400,000,000
- 0% for 3 months after TGE, subject to 72-month vesting from mainnet launch
Founding Team
- Percentage: 10.0%
- Tokens: 100,000,000
- 0% for 12 months after TGE, subject to 48-month vesting from joining the team
Partners and Advisors
- Percentage: 10.0%
- Tokens: 100,000,000
- 0% for 9 months after TGE, subject to 36-month vesting from becoming the advisor
Developer Adoption Program
- Percentage: 10.0%
- Tokens: 100,000,000
- 0% for 3 months after TGE, subject to 24-month monthly linear vesting.
Community and Airdrop
- Percentage: 2.0%
- Tokens: 20,000,000
- 0% for 3 months after TGE, subject to 24-month vesting schedule from network launch
$RUBY Airdrop
To bootstrap Ruby Protocol and expand our social communities and user base, we have run several reward programs and growth campaigns, which promised $RUBY airdrops. This Ruby Protocol Ecosystem Airdrop will be released from Community and Airdrop Allocation.
In due time, a claim portal will be launched for all eligible users to claim the $RUBY tokens you deserve.
Please stay tuned and follow our Twitter page for more updates.
About Us
Ruby Protocol is an Intent-Centric Account & Access 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.
