Ruby.Exchange price

RUBY

Ruby is built on the SKALE network, a powerful multichain solution for Ethereum, and designed from the ground up to solve a series of critical problems for DeFi. The infrastructure provided by SKALE is unparalleled in the DeFi sector, enabling functionality that would be impossible on Ethereum L1.

• Feature-rich, gamified UX powered by gemstone NFTs—beautiful, generative artworks that will increase platform "stickiness" by embodying real utility as well as artistic value. NFTs will be stored 100% on-chain and minted for user profiles; as reward vouchers for trading fee rebates and liquidity provider APY boosts; for unlocking premium features such as native charting and advanced analytics; and as affiliate links, copy-trading identifiers, and other social sharing signifiers.
• Zero gas fees, throughput of up to 2,000 tx/second, and built-in threshold encryption for front-running protection.
• Frictionless bridging. SKALE's IMA Bridge provides a fast, secure, and fully decentralized on/off-ramp between Ruby's SKALE chain and Ethereum L1, with cross-chain transactions taking just 18 seconds.

AMMs like Ruby.Exchange are the critical components of DeFi ecosystems, providing hubs for liquidity, users, and dapp developers. Their importance means that any AMM bears an especially high degree of responsibility to remain open, neutral, and secure.

Ruby.Exchange is built on the Cypherpunk principle that a widely dispersed system can't be shut down, taking into account the reality that this requires dispersal of governance and economic influence (token holdings) as well as dispersal of blockchain infrastructure.

The only way Ruby can operate securely and effectively is as a decentralized autonomous organization (DAO). Ruby DAO will govern, maintain, and safeguard the Ruby Exchange Protocol to ensure the long-term sustainability of the AMM and other vital ecosystem components.

Ruby.Exchange has successfully completed Seed and Strategic funding rounds, raising a total of $2.8 million. Their backers include some of the biggest and best-respected names in the space, including NGC, Flow Ventures, Wintermute, the SKALE Ecosystem Fund, Morningstar Ventures, Yield Ventures, HashKey, CitizenX, and ZBS Capital, as well as several significant angels.

A public sale will precede the launch of Ruby.Exchange.