Ruby Play Network price

RUBY

#6987

The goal of the Ruby Play Network is to create a blockchain powered rewards and loyalty platform. We look to drive adoption of the blockchain to mainstream gamers and players by providing them simple to earn rewards that will introduce them to the opportunity of cryptocurrency.

RUBY is the native token that is used to:

• Reward customers on the Ruby Play Network
• Encourage loyalty with the games and apps on the network
• Power discover of new games that the player might enjoy

RUBYs can be used for

• Collecting rewards from the developers in the network
• Getting more actions in the games you're playing
• Staking for competitive APRs
• Exchanging for other cryptocurrencies

The Ruby Play Network is led by a world class mobile, social & casino gaming executive team, who have built several gaming companies, over the last 15 years of working together. The team is made up of * Benjamin Dellaca CEO, Executive Director * Jeremy Cadillac COO, Executive Director * Rob Carroll CGO, Growth Officer * Gwyn Edwards CTO, Technical Officer

We have 41 staff spread across two different studios in New Zealand, having previously delivered AAA games for billion-dollar brands and companies such as Disney, Lionsgate, Dreamworks, Wargaming & the BBC. The team as a whole has been working on the Ruby Play Network and our gaming platform for the past 5 years.

The Ruby Play Network represents a pioneering approach within the gaming industry, leveraging blockchain technology to enhance the gaming experience through a loyalty and rewards platform. At its core, the network utilizes the RUBY utility token to reward players, foster loyalty, and facilitate the discovery of new games within its ecosystem. This innovative platform is not just about gaming; it's about integrating the potential of cryptocurrencies into the mainstream gaming community, offering tangible rewards that introduce gamers to the broader opportunities within the cryptocurrency space.

RUBY tokens serve multiple purposes within the network. They are a means of rewarding users for their engagement and loyalty to the games and applications on the network. Additionally, these tokens can be used to unlock further actions within games, stake for competitive annual percentage rates (APRs), and even exchange for other cryptocurrencies, thereby offering a versatile utility across the gaming ecosystem.

The Ruby Play Network prioritizes the security of its platform and the protection of its users' personal information and transactions. To achieve this, it employs several advanced security measures. One of the key features is the use of smart contract wallets with Multisig (multiple signature) protection. This approach requires more than one authorized signature to confirm a transaction, significantly reducing the risk of unauthorized access or fraudulent activities.

Furthermore, the Ruby Play Network is proactive in enhancing its security framework. An upcoming contract audit is planned, which is a thorough examination of the smart contracts to identify vulnerabilities and ensure they are secure against potential attacks. This step is crucial for maintaining trust and integrity within the network and its users.

The network also acknowledges the importance of cybersecurity beyond its immediate infrastructure. It has established partnerships with reputable companies specializing in cybersecurity. These collaborations aim to bolster the network's defenses against hackers, malicious groups, and other security threats. By leveraging external expertise and cutting-edge technologies, the Ruby Play Network strives to safeguard its ecosystem and the utility of its native token, RUBY.

Despite these robust security measures, it's important to recognize that no system is entirely immune to risks. The network has openly communicated the potential for hackers or malicious groups to attempt interference, as well as the possibility of internal vulnerabilities introduced by third parties or even members of the company team. These acknowledgments highlight the network's commitment to transparency and its ongoing efforts to address and mitigate security challenges.

In conclusion, the Ruby Play Network employs a comprehensive security strategy that includes Multisig smart contract wallets, contract audits, and strategic cybersecurity partnerships. While aware of the inherent risks in the digital landscape, the network is dedicated to maintaining high security standards to protect its users and their assets.

The Ruby Play Network is designed as a comprehensive blockchain-based rewards and loyalty platform, primarily targeting the gaming industry. It aims to bridge the gap between traditional gaming experiences and the burgeoning world of cryptocurrencies, making it easier for mainstream gamers to engage with blockchain technology.

At the heart of this ecosystem is the RUBY utility token, which serves multiple functions within the network. Players can earn RUBY tokens as rewards for their engagement and loyalty to the games and applications within the Ruby Play Network. This incentivizes continued participation and helps foster a vibrant community of gamers.

The utility of RUBY tokens extends beyond mere rewards. They are integral to the network's governance, allowing token holders to have a say in the future development and direction of the platform. Additionally, RUBY tokens can be staked or farmed, offering users a way to earn competitive annual percentage rates (APRs) on their holdings. This staking mechanism not only rewards users but also secures the network and aligns the interests of all stakeholders.

For developers, the Ruby Play Network offers a unique avenue for player acquisition and engagement. By integrating RUBY tokens into their games, developers can attract new players and retain them by offering tangible rewards that have real-world value. This creates a win-win situation where players are rewarded for their engagement, and developers see increased loyalty and retention rates.

In summary, the Ruby Play Network represents a pioneering effort to integrate blockchain technology with the gaming industry, offering a multifaceted utility for its RUBY tokens that benefits players, developers, and token holders alike.