Tokens
Ruby - Pegs Tokens
RUBY ( Cronos ) : 0xfBf03A4D4A11dFE81D44d1a62a9Ad6278FdcB49a
RUBY ( polygon ) : 0xfa0116Eb85E758f6Cf12Df9146076d79138D9F09
RUBY is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain RUBY peg to 1 WCRO (CRO) token in the long run.
Note that RUBY actively pegs via the algorithm, it does not mean it will be valued at 1 WCRO all times as it is not collaterized . RUBY is not to be confused for a crypto or fiat-backed stable-coin.
Genesis pool Allocation: 25000 RUBY
For initial supporter and promotion Allocation: 5,000 RUBY
Diamond - Share Tokens
DIAMOND ( Cronos ) : 0x8Bf2C92EFD979768bbC2547438962C50E73aE51f
DIAMOND ( Polygon ) : 0x02230382916B919D6D755a17b6F732528587E5f8
Diamond (SHARE) are one of the ways to measure the value of the JewelleryFinance and shareholder trust in its ability to maintain RUBY close to peg. During epoch expansions the protocol mints RUBY and distributes it proportionally to all DIAMOND holders who have staked their tokens in the Boardroom.
DIAMOND holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Ruby finance ecosystem.
DIAMOND has a maximum total supply of 70000 tokens distributed as follows:
Dev fund Allocation: 500 DIAMOND vested linearly over 300 days
DAO fundAllocation: 4,500 DIAMOND vested linearly over 300 days
Remaining 65000 DIAMOND are allocated for incentivizing Liquidity Providers in three share pools for 300 days.
Sapphire - Bonds Tokens
SAPPHIRE ( Cronos ) : 0x5022B55107FeDCC1517503CC6dCEB37666f1aC07
SAPPHIRE ( Polygon) : 0x4B330950Ac3FB54BCBBff69dE3c2bB785ea2968C
Sapphire (BOND) main job is to help incentivize changes in RUBY supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of RUBY falls below 1 WCRO, Sapphire are issued and can be bought with RUBY at the current price. Exchanging RUBY for Sapphire burns RUBY tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 WCRO. These Sapphire can be redeemed for RUBY when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for RUBY when it is above peg, helping to push it back toward 1 WCRO.
Contrary to early algorithmic protocols, Sapphire do not have expiration dates.
All holders are able to redeem their Sapphire for RUBY tokens as long as the Treasury has a positive RUBY balance, which typically happens when the protocol is in epoch expansion periods.
Last updated
