Ramifi Protocol (RAM) Overview Ramifi is a project whose ai | 🇺🇦 CryptoDiffer - StandWithUkraine 🇺🇦
Ramifi Protocol (RAM) Overview
Ramifi is a project whose aim is to take on the role of money in the new decentralized economy being built. Ramifi utilizes blockchain technology to enforce protocol rules and assure a stable peg to the real inflation-adjusted dollar is maintained. The distributed nature of the protocol assures that no centralized actors can collude for their benefit at the network's expense.
Ramifi Protocol use cases will include:
An Alternative Investment - Ramifi will not track Bitcoin in the same way the rest of the market does due to its supply based token mechanics.
The Money of Defi - Ramifi is the first protocol to abandon the notion of tracking the US dollar creating a crypto native unit of account.
A Dollar Alternative - Due to its rebase window, merchants in the long term will be able to use Ramifi without worrying about the accounting issues present in volatile assets.
Infinitely Scalable Stable Currency - Unlike other stable coins whose scaling is directly proportional to their reliance on dollars, Ramifi is infinitely scalable and dollar agnostic.
Ramifi created the Injection Offering (IO) to allow market forces to determine and drive how money will be raised for the protocol. The process of Ramifi’s IO begins with the Market Maker introducing a 50/50 split of Ethereum and RAM token of equal value into a Uniswap V2 contract. This allows 1 RAM Token to be priced at 1 dollar, the initial offering price. As tokens are purchased with ETH, the amounts in the Market Maker contract will be readjusted on a 24 hour basis. This means that when the contract reaches its first 24 hour cycle, more RAM Token is ‘injected’ or sent into the contract to rebalance the value for each token. Overtime, these cycles will eventually allow a natural distribution to desiring holders until all tokens have been sold.
The Ramifi Protocol Public Sale☆ is scheduled on the 15th of March. We are looking for more updates from the project and recommend to subscribe to Ramifi Protocol social channels not to miss important news.
Website: ramifi.org
TG: @RamifiProtocol
Twitter: twitter.com/RamifiProtocol
