⚡️ AMA Answers Week #2

HELLO! Wellcome to AMA WEEKLY #2!

In the past 2 weeks, the AMA team received fewer questions than the first week with only about 50 questions, so after screening, we have selected 16 questions to answer and give out the AMA rewards for the AMA week 2.

We will also open a new AMA section in the FAQ category to re-post each question and answer sequentially and clearly to help miners easily follow the content.

If you have any questions, send them to our public AMA wallet address along with a small fee, you will have a chance to get back 20 times the amount sent.

Learn more about AMA Weekly LEARN TO SEND AMA QUESTIONS

And now! Welcome to the AMA week #2 of Rubi Network!

This week, we will explore more deeply the potential of RBL (Rubi Block), explain, clarify the concept of "crypto commodities" and the difference from conventional "crypto currencies". Let's learn more about your position when owning a certain amount of RBL, the opportunity for value growth, as well as effective asset accumulation strategies. In particular, we will also answer many interesting questions about the transition to Mainnet and the potential applications of Rubi Network!

All questions found on the AMA wallet, we will continue the numbering according to the questions of last week. This week we will start with the answers numbered from number 11 to number 26.

● In AMA Week #2, we received 128.6 RBL from the questioner.
● And we paid out 236 RBL for AMA rewards.

Here is the list of 16 answers in AMA Week #2

List of questions and answers Week #2

11) Estimated total supply of RBL on the market?
0xc8a0bd5d7f92b4148e4bf0c4b9c141b9c470c5990388536021e6d32f658bdd0e

Ask:
May I ask: what is the total supply of Rubi when it is publicly traded on the market, sir?

Answer:

Thank you for your question about the supply of the RBL digital asset!

RBL is a 'crypto commodity', different from regular 'cryptocurrencies'. The supply of RBL is not decided by the development team but depends on the mining activities of miners.

The supply distribution process is decentralized and applies the halving rule based on the number of participating miners to prevent inflation. At this time, the circulating supply of RBL is 12.3 million units, less than the number of Bitcoins in circulation.

You can track the circulating supply on #Pandora, which is the number of RBLs that can be trade on the OTC market according to the principle of a floating market.

Rewward TXN
0x18b05c0b28a577abc96e6044dc8b029365d1173caad2a0c51b2841f75f24baf0

12) Why hasn't Rubi Network released a white paper yet?
0x6b2c16a514f6ab6dc58278b5cbaa583a66d1400ad22e7f35ed9d3d56f8a093e6

Ask:
Why hasn't ruby released the white paper yet ?

Answer:

Rubi Network is different from many other projects, including whether or not it has released a white paper. Although a white paper is often considered an important document in many blockchain projects, it is not mandatory. This may just be a habit stemming from previous projects such as Bitcoin.

We understand that many people look for white papers to feel familiar and clear. However, Rubi Network focuses on developing decentralized blockchains and Web3 protocols. You can observe the actual operation of the project to understand better, instead of relying on a fixed document.

Does Rubi have a white paper?

There is definitely a document called "White Paper"! We confirm that it is, however we are currently considering the appropriate content to release a white paper in the near future. The most important thing in these considerations is that we want to publish a document that is compliant with the legal regulations of many countries. A fixed document such as a white paper, if it violates the regulatory regulations in a country, can be a barrier to the development of Rubi Network in that country.

Rewward TXN
0x0dc3d8f0f9de5ca5fab6deb28c05bd1997ed7ddf56aad5803ee7ed6baac540ca

13) What are the important milestones of the project?
0x1982472972d4a0834e50e2d955f9530f9015b250d69c32a459b2f452120f537d

Ask:
Thank you team Rubi for this amazing project . Please when is the launch date of the beautiful project ?

Answer:

Thank you for your interest in Rubi Network! The project has several important milestones:

• First mining date: 30/04/2022
• First block (and wallet launch): 11/07/2023
• Testnet Scan opening: 21/06/2024

These milestones mark major developments of Rubi Network in the process of implementation and completion. Further milestones will be announced before each event, please follow our news.

Rewward TXN
0xbec6226123d1754b0203a17af1add6191b444377becaa4e39d8b9aee2a0c6830

14) Has Rubi's contract source code been verified?
0x15221d3d4c99d3e3d8d70f3dedb9cc4ab7379af4687ca16cc171443a1d40a64b

Ask:
Is the contract source code of Rubi Verified?

Answer:

Thanks for your question! I think this is a mistake and many others may have the same mistake.

You often see projects announcing their "Smart Contract" on another network, that's because they are dapps and they are issuing tokens on an existing platform blockchain like Ethereum, Solana ... the mistake here is understanding that Tokens and Blockchains are the same

Rubi Network itself is also an independent platform blockchain, not a Dapp running on smart contracts like the tokens you often see. Rubi acts as a platform like the known platforms Solana, Ethereum ...

So the answer for you in this question is, Rubi does not have a smart contract that needs to be verified like other token projects.

Rewward TXN
0x5f5063e8111aa73007281b477f0ac9fc68112cd4782fd7f53c77adaf8958f1bd

15) Which country owns RUBI, are we taxed?
0x08d8ed1afe7ea4f4ac2b781504ac8657d1ee47fe144a12b097036a6d4a06e829

Ask:

Which country does Rubi belong to? Is there any tax on what we mine?

Answer:

Regarding the origin and ownership: Rubi Network is developed by a team from Vietnam, but due to its decentralized distribution, it belongs to all RBL holders globally, not to a specific country.

Regarding the taxation of digital assets: In general, at present, the tax regulations for digital assets such as RBL are not clear in countries. In the future, if regulations are developed, it may vary depending on the country and local regulations where the miners live.

Rewward 20 RBL TXN
0x0eb9c4fd73dfe7e97f15fdf67ca6ca393ba9cd8c6c52f492de85811b774a7214

16) Does Rubi charge transaction gas fees?
0x14ed61895e6fdff2a06e3e580972919014b60d03846486778d0a6b88098e4c05

Ask:
Is there a gas fee for Rubi as a layer 1 blockchain? I have made more than 10 transactions including migrations and have not paid any gas fees

Answer:

Currently, in the Testnet phase, Rubi does not charge transaction fees to encourage testing and interaction on wallet transactions. However, when the Mainnet is deployed, Rubi will apply gas fees to generate revenue to support the maintenance of the network infrastructure, rewarding miners for providing computing resources. Fee collection will start when MaA tokens are generated from miner campaign activities.

Rewward 10 RBL TXN
0xfcf572391955f69ec102eafb71ae3e2eb8ab9a41f991b88c1cb9924576a9108c

17) Is there a RUBI app on Telegram?
0xf8fa832931eb7b7407c25897457a6c86c81e0c232ea89a5433c2f150a2580baa

Ask:

Is Rubi thinking of hoping on telegram bots as a way for mass adoption into the Rubi community

Answer:

Currently, the Telegram mini app bot mainly supports the TON Blockchain, it is used for marketing purposes and airdropping TON network token memes.

You can see TON as a child of Telegram, so TON wallets like TON Wallet, TON Keeper can integrate directly into Telegram.

Telegram has a large number of users, they are turning the huge user base of this messaging app into a means to help market the TON network. Known meme tokens such as Notcoin, Dogs ... are all tokens issued by smart contracts on the TON network.

If you look more broadly, you will see that dapps from other networks such as Ethereum, Binance, Cardano, Solana ... also do not choose to build Mini Apps on TON or Telegram. This is because Telegram is directly supporting the TON Blockchain without supporting rival blockchains.

We, the Rubi Network team, are still monitoring the development of the Mini App creation trend on Telegram. Until Telegram has a mechanism to directly support other networks, we can consider building a Mini app.

Up to now, we have no plans to deploy bots on Telegram. Instead, Rubi is focusing on pre-scheduled goals.

Notice! Any mini app that is using Rubi Network's image on Telegram is not related to this project. Be careful to avoid falling into scams.

Rewward 20 RBL TXN
0xc92c114657a83f93f4c4d31995380f693a572852341d54ffc15a80d29cd3bd0d

18) Can people who do not contribute hardware mine?
0x82f6d4b6bb31d1bb18ac260ab6170c0a9fc233ae2fe7b92c2513c87ce3bbcaf4

Ask:

As the number of miners increases, how will the Rubi team ensure that mining remains accessible to individuals with limited computational resources?

Answer:

Currently, Rubi Network still ensures the ability to provide common mining infrastructure for all miners. However, when the number of miners reaches 10 million, the system will require miners to contribute more hardware computing power. This helps ensure the decentralization and overall security of the network.

The time when Rubi Network reaches 10 million miners may not come soon, but it may come sooner than expected. When that happens, mining rewards will be distributed in a larger proportion to miners who provide hardware computing power.

Although we still consider the rule of significant rewards for users with limited resources to participate in Rubi mining. However, the best advice is to actively mine and accumulate as much as possible during the mining phase when the hardware requirements are not as high as now.

Rewward TXN
0x981456b5fb87f199fdf82815ec25b3235deb7fcc2b8001ad465a70ef3a3a1058

19) Before the prominent project like Pi, what is good about the Rubi project?
0x41daf5b1f76d2ab97df133a204d81b858a30f4ee1fb8bdc1ebbe8f98deecc760

Ask:

with the PI project making headlines, what is the best that the rubi project offers

Answer:

Thank you for your very interesting question! A question referring to the very famous Pi Network project.

Although I do not have much knowledge about Pi Network, to answer this interesting question, I also took the time to consider what is outstanding about the Pi Blockchain. As a result, according to what I have observed, I am forced to say that I have hardly found any breakthroughs when comparing Pi with the Blockchains of cryptocurrencies that I have known before.

When comparing Pi's technology with Ethereum, Cardano, Solana or Stellar, we have not felt any difference or breakthrough.

When looking at the theory of decentralization on the Pi Network, we seem to see a contradiction. Specifically, when observing the Pi coin supply on the Pi blockchain, we are seeing a very highly centralized supply, with more than 90% of the Pi coin supply currently concentrated in a group of storage wallets.

In terms of the vision of cryptocurrencies, the concept of "Cryptocurrency" is also not a new proposal, because before Pi launched, there were tens of thousands of cryptocurrencies that came before, creating a fiercely competitive landscape in the cryptocurrency basket.

That is what we are seeing with Pi Network, As you can see Pi is an outstanding project, and we, the developers of Rubi Network, do not intend to compare anything in Rubi with Pi network.

However, we will also take the opportunity to answer your questions to clarify the key points and vision of Rubi Network to help you and others who have the same question better understand.

So what is new about Rubi Network?

While the whole world is focused on exploiting the topic of cryptocurrency, the Rubi Network development team believes that Blockchain can have many more applications. Therefore, Rubi Network chooses to pursue a new vision of the theory of "crypto-commodities". We create a new platform Rubi Network, allowing everyone to use it as a tool to digitize interactions into ownable, transferable crypto-assets. Some key points of Rubi Network include.

• Comprehensive decentralization: Rubi emphasizes "Decentralization", and identifies three main elements of decentralization: decentralized ledger, decentralized supply and decentralized governance.

• Turning behavior into digital assets: Users use the Rubi Network platform as a simple tool to encode each interactive behavior with commercial value into ownable digital assets.

• Interactive commodities: With their "crypto goods", they can directly use or transfer the right to use in exchange for other benefits, or sell to those who need to use them

We believe that with a new theory, going beyond the "cryptocurrency" model, Rubi Network will bring new, more sustainable intrinsic value to the community thanks to its decentralized mechanism and practical applications.

Rewward 20 RBL TXN
0x95646e3007b80295283ca8bb73aa49f396f845e228770f719d14d74a00aa5237

20) Where do AMA rewards come from?
0x4ae298d0be3e092e83d337c0c2f1f817ba6b46d67294371ed003f9c4a61f0b1b

Ask:

If the developers have no initial allocation of RBL as indicated, then where does the RBL used for rewards distribution ( for AMA questions) come from?

Answer:

Thanks for your question! It is easy to understand, RBL spent on AMA rewards can come from many sources, every incoming transaction is public on the blockchain. You can always look at the AMA wallet here to observe the incoming and outgoing transactions.

A few main sources are funding the AMA rewards pool.

1) Question Stake: Revenue from questioners typically contributes about 50% of what is paid out, specifically AMA week 2, the AMA fund collected 128.6 RBL and then the reward was 236 RBL.

2) Fundraising & Auctions: The AMA fund can also be built through auctions or programs related to digital products and physical items. Last week, the auction of 1 NFT to raise funds brought in 9000RBL. This is a huge amount enough for the fund to operate for a long time.

3) Extract from other sources of revenue: In case the revenue is not enough for the AMA reward, we always have other sources of revenue, such as from other additional revenue sources or from miner donations.

We emphasize that: All revenue sources are managed transparently to ensure that the reward fund is used effectively.

Wallet Address: 0x62653e868eb3dd1e02afdee4bca764febd44907a

Rewward 2 RBL TXN
0xcf43a8a0e557748a38c15bcb568e5bf6c529704e0d70c4ca556f8dcd2957c580

21) What is the potential of Rubi, how is Rubi different from other blockchains?
0x82f6d4b6bb31d1bb18ac260ab6170c0a9fc233ae2fe7b92c2513c87ce3bbcaf4

Ask:

As the number of miners increases, how will the Rubi team ensure that mining remains accessible to individuals with limited computational resources?

Answer:

Currently, Rubi Network still ensures the ability to mine and accumulate RBL digital assets for all miners. However, when the number of miners reaches 10 million, the system will require miners to contribute more hardware computing power. This helps ensure the decentralization and overall security of the network.

The Rubi Network reaching 10 million miners may not come soon, but it may come sooner than expected. When that happens, mining rewards will be distributed in a large proportion to miners who provide hardware computing power.

However, we still consider the rule of significant rewards for users with limited resources to participate in Rubi mining. However, the best advice is to actively mine and accumulate as much as possible during the mining phase when the hardware requirements are not as high as now.

Rewward TXN
0x981456b5fb87f199fdf82815ec25b3235deb7fcc2b8001ad465a70ef3a3a1058

22) After 2 years only 1 million miners, Rubi has slow growth?
0x0b41e44ebb1b645985314f1896965f188abcb3416e86aeb760b7e955ddc30652

Ask:

Why is the growth of Rubi ??miners so slow? In 2 years only 1 million miners. I think it takes a massive campaign so that the growth of Rubi ??miners is faster

Answer:

Rubi Network was born in 2022, when the golden time has passed, reaching 10 or 20 million users is no longer easy compared to applications born in 2018, 2019, 2020. You can see that projects born in the golden time such as Pi Network, Sweatcoin, Bee Network, or Star Network have easily reached tens of millions of users.

However, with more than a million miners from more than 190 countries mining Rubi, it can be said that Rubi Netưok is not too slow compared to the general context of the blockchain industry. Reaching more than 1 million miners in just over 2 years is also a significant success, especially when considering the context that Rubi is focusing resources on protocol and feature development.

Most of the projects you see out there are not blockchains, they are just tokens, so they focus on strong marketing campaigns to create FOMO, then distribute tokens and take profits.

Rubi chooses the path of building blockchain, this is a more sustainable path, we spend time testing and improving the protocol to ensure that the development of the protocol always grows in parallel with the users.

Rubi Network does not focus on the race to create a low-value Fomo crowd, instead we aim to build a community of miners with strong beliefs based on deep understanding of blockchain and decentralized digital assets. Most of the Token projects that explode based on Fomo, Hype will be quickly forgotten right after listing in just a short time.

Rubi's strategy is that instead of creating a crowd of 100 million people looking for a short-term Airdrop, we persistently seek out each user to build a community of 10 million miners with an objective and deep understanding of digital assets.

I hope the above content can help answer part of your question.

Rewward 10 RBL TXN
0xa628a1ed57c6630375dff914af4f4cbaddf2b7200f7879197bf5c04d27984763

23) Is Rubi a blockchain that supports RWA and global payments?
0x82f6d4b6bb31d1bb18ac260ab6170c0a9fc233ae2fe7b92c2513c87ce3bbcaf4

Ask:

I read the article 'TREE & LEAF' article and want to know if RUBI is an RWA blockchain and can it be used for cross-border payments?

Answer:

Rubi Network, with its native asset RBL, already supports cross-border ownership transfers and transactions, like most other digital assets. However, in its application goals, Rubi can go further in the future by being able to tokenize Real World Assets (RWA), that is, assets in the real world, and convert them into encrypted data on the blockchain.

This makes Rubi not only a payment platform but also a powerful tool for representing physical assets and digitizing them on a global scale.

Rewward 10 RBL TXN
0xe634036ea4005646f9887f8159dabb008e8451588211a09d790395735903bc71

24) I have only 500 RBL, is it too little?
0x82f6d4b6bb31d1bb18ac260ab6170c0a9fc233ae2fe7b92c2513c87ce3bbcaf4

Ask:

Mining Rubies with such low efficiency, is my 500 RBL too little? Is $5 feasible?

Answer:

Thanks for the interesting question! To answer:

Is 500 RBL too little?
500 RBL is a significant number and is proven by the position calculation formula. You can calculate your absolute position using the following "Milion Point" (Mpoint) formula:

Mpoint = (Number of RBL you hold * 1,000,000) / Circulating Supply.

With the current supply of 12.4 million RBL, apply the above formula to calculate: With 500 RBL, Mpoint is calculated ≈ 40.3 (Mp). This number is very large, which shows your significant position in the Rubi network.

This formula for calculating absolute position (Mpoint) can be applied to any project you participate in. You will see that your position is mostly only at <1 (Mp)

A specific example: with the Bitcoin network, there are about 19.8 million BTC in circulation. If you have 10 BTC, your Mpoint index = (10*1,000,000) / 19,800,000 ≈ 0.5 (Mp)

If you have a balance of other types such as ETH, SOL, TON, or PI, try applying this calculation to check your position.

Is the price of 5 USD feasible?
In the current P2P OTC trading environment, the price of each unit of RBL depends on the floating market price of this commodity. But with the scarcity of RBL and the wide applicability, reaching a price of $5 is completely feasible, especially as the applications of Rubi continue to expand and gain recognition.

Rewward 18 RBL TXN
0x0eb9c4fd73dfe7e97f15fdf67ca6ca393ba9cd8c6c52f492de85811b774a7214

25) Will RBL balances be transferred to the mainnet?
0x027404860896e8cef4b4029f6222371370ec749ba60851750ad9267b17573e98

Ask:

Should I trade RBL now? Will my current RBL balance be retained and transferred to the mainnet?

Answer:

Should I trade RBL?
Trading RBL is a personal decision, and I cannot guarantee the risks for you. Currently, Rubi Network is still in the Testnet stage, so buying and selling assets during this stage may encounter many risks, including the risk of the platform not being completed yet.

Will RBL balance be transferred to Mainnet?
Yes, all RBL you own will be transferred to Mainnet at a 1:1 ratio without any conditions when the mainnet is activated.

Rewward TXN
0x52723a75cae51403937d42d1fd1f42c75572db6fab1932353a13f4dc0534f351

26) There have been many cryptocurrencies, what makes Rubi different?
0x39a448d507026415bb6e9283479e8b63d52a21c4aa630b3c25d076fd61639381

Ask:

There have been many cryptocurrencies since BTC, so what can we expect from RBL when competing with other cryptocurrencies?

Answer:

To reiterate, Rubi Network does not fall under the concept of "cryptocurrency" so Rubi Network does not directly compete with cryptocurrencies like Bitcoin or Ethereum. Instead, Rubi follows the direction of "crypto commodities", the platform builds tools that focus on encoding the value of user behavior in the digital space. It can be said that the emergence of the concept of "crypto commodities" will help strengthen and promote the liquidity of cryptocurrencies rather than compete.

In the current context of cryptocurrencies, most of them often do not have any payment applications, or only have narrow payment applications as small experiments. Then, Rubi with the theory of goods that can be used by owners, aims to provide real values between people and people through interactions in the digital space.

Rubi includes the characteristics of other digital currencies such as storage capacity, ownership and transfer of ownership. In addition, Rubi also has application (usecase), when used, Rubi shows characteristics such as the characteristics of goods such as "attrition" and "value generation" in use.

Rewward TXN
0xa9833ba47424f6aa16087eea5b465d1287f06446ac491afda9ff0e2b243dd98b

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