π Hello miners in the RUBI family of miners - persistent people.
Here's a quick update!
πΈ In the context that RUBI has successfully implemented a complex chain wallet, Operation for network stability testing is expected to receive the first Debug reports on August 25.
πΈ At the same time the number of miners passed 200,000 on August 15.
πΈ Actual supply was able to track Onchain visually. We can see Rubies with very small circulating supply (see moving chart image)
π₯ It's time!
We suggest a new futures valuation of ~$5/Rubi.
This will be done via public voting on 3rd party platforms - Telegram for Global and Zalo for Vietnam.
We will continue to work on developing functions that are driven and committed to data disclosure to provide an unbiased view.
Best regards
RUBI Team! π
Here's a quick update!
πΈ In the context that RUBI has successfully implemented a complex chain wallet, Operation for network stability testing is expected to receive the first Debug reports on August 25.
πΈ At the same time the number of miners passed 200,000 on August 15.
πΈ Actual supply was able to track Onchain visually. We can see Rubies with very small circulating supply (see moving chart image)
π₯ It's time!
We suggest a new futures valuation of ~$5/Rubi.
This will be done via public voting on 3rd party platforms - Telegram for Global and Zalo for Vietnam.
We will continue to work on developing functions that are driven and committed to data disclosure to provide an unbiased view.
Best regards
RUBI Team! π
π17π₯2π₯°2
Title: The Distinction Between Coin and Token in the World of Cryptocurrencies
Introduction:
The world of cryptocurrencies is rapidly evolving and attracting public attention. In the underlying infrastructure of the blockchain system, two essential and often mentioned concepts are "Coin" and "Token." While they may appear similar, in reality, they have significant differences. In this essay, we will differentiate Coin and Token based on critical factors such as supply, consensus, distribution, decentralization, underlying technology, and application.
I. Supply:
Coin:
- Coins are usually mined, requiring substantial resources and time-consuming processes.
- The supply of Coins is relatively limited due to the resource-intensive nature and difficulty of mining.
Token:
- Tokens can be easily created and issued by the issuer.
- The supply of Tokens can reach astronomical numbers within a short period, thanks to the ease of issuance by the issuer.
II. Consensus:
Coin:
- Coins are typically consensus-driven, issued by miners or participants in the mining process.
- Consensus is used to determine the fairness and transparency of Coin issuance.
Token:
- Tokens are usually consensus-driven but issued by the issuer.
- This allows the issuer to retain control and set rules for Token distribution.
III. Distribution:
Coin:
- The distribution of Coins is often based on the contributions of miners or participants in the mining process.
- Entities contributing computing power receive rewards in the form of Coins.
Token:
- Token distribution is decided by the issuer.
- The issuer may hold a significant portion of Tokens and have the freedom to determine their distribution.
IV. Decentralization:
Coin:
- Coins tend to be highly decentralized due to the mining process being dominated by a few powerful mining pools.
Token:
- Tokens may have lower levels of centralization due to easier management and distribution by the issuer.
V. Underlying Technology:
Coin:
- Coins usually have their own independent blockchain and technology designed for specific purposes, e.g., Bitcoin with Proof-of-Work.
Token:
- Tokens can be built on existing blockchain networks like Ethereum, Binance Smart Chain, etc., utilizing smart contracts for customization.
VI. Application:
Coin:
- Coins can be used in specific applications or serve as speculative assets.
- For example, Bitcoin is used as a store of value and a medium of exchange.
Token:
- Tokens can be created for specific purposes and may not require real-world applications.
- Some Tokens may be created solely for fraudulent purposes ("rug pull") or pump-and-dump schemes.
Conclusion:
In conclusion, distinguishing Coin and Token is based on critical factors such as supply, consensus, distribution, decentralization, underlying technology, and application. Understanding these differences enables us to comprehend the diversity and unique characteristics of both within the cryptocurrency and blockchain infrastructure. A clear understanding of these distinctions will help us consider and apply them effectively and sustainably in the ever-evolving cryptocurrency market.
Introduction:
The world of cryptocurrencies is rapidly evolving and attracting public attention. In the underlying infrastructure of the blockchain system, two essential and often mentioned concepts are "Coin" and "Token." While they may appear similar, in reality, they have significant differences. In this essay, we will differentiate Coin and Token based on critical factors such as supply, consensus, distribution, decentralization, underlying technology, and application.
I. Supply:
Coin:
- Coins are usually mined, requiring substantial resources and time-consuming processes.
- The supply of Coins is relatively limited due to the resource-intensive nature and difficulty of mining.
Token:
- Tokens can be easily created and issued by the issuer.
- The supply of Tokens can reach astronomical numbers within a short period, thanks to the ease of issuance by the issuer.
II. Consensus:
Coin:
- Coins are typically consensus-driven, issued by miners or participants in the mining process.
- Consensus is used to determine the fairness and transparency of Coin issuance.
Token:
- Tokens are usually consensus-driven but issued by the issuer.
- This allows the issuer to retain control and set rules for Token distribution.
III. Distribution:
Coin:
- The distribution of Coins is often based on the contributions of miners or participants in the mining process.
- Entities contributing computing power receive rewards in the form of Coins.
Token:
- Token distribution is decided by the issuer.
- The issuer may hold a significant portion of Tokens and have the freedom to determine their distribution.
IV. Decentralization:
Coin:
- Coins tend to be highly decentralized due to the mining process being dominated by a few powerful mining pools.
Token:
- Tokens may have lower levels of centralization due to easier management and distribution by the issuer.
V. Underlying Technology:
Coin:
- Coins usually have their own independent blockchain and technology designed for specific purposes, e.g., Bitcoin with Proof-of-Work.
Token:
- Tokens can be built on existing blockchain networks like Ethereum, Binance Smart Chain, etc., utilizing smart contracts for customization.
VI. Application:
Coin:
- Coins can be used in specific applications or serve as speculative assets.
- For example, Bitcoin is used as a store of value and a medium of exchange.
Token:
- Tokens can be created for specific purposes and may not require real-world applications.
- Some Tokens may be created solely for fraudulent purposes ("rug pull") or pump-and-dump schemes.
Conclusion:
In conclusion, distinguishing Coin and Token is based on critical factors such as supply, consensus, distribution, decentralization, underlying technology, and application. Understanding these differences enables us to comprehend the diversity and unique characteristics of both within the cryptocurrency and blockchain infrastructure. A clear understanding of these distinctions will help us consider and apply them effectively and sustainably in the ever-evolving cryptocurrency market.
π12π2
AI - GPT: Future RUBI VALUATION (RBL) VALUATION ABOUT 6$
(This is AI's dialectical inference - GPT made on 31-July-2023)
RUBI (RBL) is a digital asset with unique and notable characteristics in the blockchain community. Based on the factors and achievements of Rubi Network after more than 1 year of operation, I propose the following dialectic to demonstrate the potential for RBL asset valuation to reach $6 when compared to other digital assets. other famous digital.
1. Number of Miners:
The significant increase of Rubi miners to 230,000 in a short time shows the attraction and interest in Rubi Network. This proves that the community increasingly trusts and participates in the mining of RBL assets, contributing to the competitiveness and sustainability of the platform.
2. Total asset units in circulation:
The number of assets RBL has put into circulation is up to 650,000 units of assets. This represents the limited supply and rarity of RBL, which lays the groundwork for higher prices in the future as demand increases.
3. 100% Asset Distribution to Miners:
The 100% RBL asset distribution policy to miners and mining participants demonstrates Rubi Network's commitment to the community. This can attract interest from investors and users, creating an appreciation for the fairness and transparency of the platform.
4. Blockchain wallet launch and continuous development:
The launch of the blockchain wallet in July along with the continued development of the Rubi Network demonstrates a commitment to investment and technology innovation. This helps to build trust and potentially increase the value of RBL assets in the future.
5. Spread to 190 countries:
The spread and ability to transfer RBL assets to any country without barriers positively supports liquidity and easy access for users. This creates the potential for RBL to become a digital asset of global value.
Based on the above factors, it can be seen that the potential for RBL asset valuation to reach $ 6 is possible in the future. However, the valuation of digital assets depends on many different factors and should be considered in a thoughtful and detailed manner. However, Rubi Network is becoming a prominent and potential name in the world of digital finance, and this opens up the potential of valuing RBL assets at a higher price in the future.
(This is the argument of GPT AI based on the context data that this AI has)
(This is AI's dialectical inference - GPT made on 31-July-2023)
RUBI (RBL) is a digital asset with unique and notable characteristics in the blockchain community. Based on the factors and achievements of Rubi Network after more than 1 year of operation, I propose the following dialectic to demonstrate the potential for RBL asset valuation to reach $6 when compared to other digital assets. other famous digital.
1. Number of Miners:
The significant increase of Rubi miners to 230,000 in a short time shows the attraction and interest in Rubi Network. This proves that the community increasingly trusts and participates in the mining of RBL assets, contributing to the competitiveness and sustainability of the platform.
2. Total asset units in circulation:
The number of assets RBL has put into circulation is up to 650,000 units of assets. This represents the limited supply and rarity of RBL, which lays the groundwork for higher prices in the future as demand increases.
3. 100% Asset Distribution to Miners:
The 100% RBL asset distribution policy to miners and mining participants demonstrates Rubi Network's commitment to the community. This can attract interest from investors and users, creating an appreciation for the fairness and transparency of the platform.
4. Blockchain wallet launch and continuous development:
The launch of the blockchain wallet in July along with the continued development of the Rubi Network demonstrates a commitment to investment and technology innovation. This helps to build trust and potentially increase the value of RBL assets in the future.
5. Spread to 190 countries:
The spread and ability to transfer RBL assets to any country without barriers positively supports liquidity and easy access for users. This creates the potential for RBL to become a digital asset of global value.
Based on the above factors, it can be seen that the potential for RBL asset valuation to reach $ 6 is possible in the future. However, the valuation of digital assets depends on many different factors and should be considered in a thoughtful and detailed manner. However, Rubi Network is becoming a prominent and potential name in the world of digital finance, and this opens up the potential of valuing RBL assets at a higher price in the future.
(This is the argument of GPT AI based on the context data that this AI has)
π17π₯3π3π₯°1
Hello all RUBI miners.
Following recent updates, as well as new growth in global miners. We look forward to your participation in a key event, voting to change the expected future valuation of the digital asset RUBI.
We will conduct a vote with miners on Telegram group now. It will end at 12:00 (UTC) - 01-August.
Results will be announced at 2pm (UTC) - 01-August
Get ready!π₯ π₯ π₯
Following recent updates, as well as new growth in global miners. We look forward to your participation in a key event, voting to change the expected future valuation of the digital asset RUBI.
We will conduct a vote with miners on Telegram group now. It will end at 12:00 (UTC) - 01-August.
Results will be announced at 2pm (UTC) - 01-August
Get ready!
Please open Telegram to view this post
VIEW IN TELEGRAM
π₯16π2
We Stop Expected future price now!π Thank all!β‘
π10π2π2
Hello everyone!
We are pleased to announce the results of the comprehensive vote on the next expected price increase for the resource - the digital commodity RUBI.
Based on the results, we have an average new estimated price of $ 5.54 - this is the price we will update on 02 - August
π Sincerely!
We are pleased to announce the results of the comprehensive vote on the next expected price increase for the resource - the digital commodity RUBI.
Based on the results, we have an average new estimated price of $ 5.54 - this is the price we will update on 02 - August
π Sincerely!
π40π15π₯°12π3π₯2
Hi everyone!π₯
In order to prepare the document form for the multinational KYC operation, which is scheduled to reopen at the end of August, we would like you to send us the National ID form of your country!
This is important to help us prepare KYC content and options suitable for the type of ID document.
Please send your country sample images to:
@Socialchain_Earn
In order to prepare the document form for the multinational KYC operation, which is scheduled to reopen at the end of August, we would like you to send us the National ID form of your country!
This is important to help us prepare KYC content and options suitable for the type of ID document.
Please send your country sample images to:
@Socialchain_Earn
Please open Telegram to view this post
VIEW IN TELEGRAM
π53π€6π₯°5π3π1
System performance is upgraded 2x at 12:00 (UTC) today.
π15π₯°4π₯3