⚡️ AMA Answers Week #5

AMA WEEKLY #5 – CLOSING OUT 2024!

▶︎ The final AMA of 2024:
AMA Weekly #5 consists of 27 answers, from question #64 to #90, marking the final AMA of 2024. With a total of 90 answered questions, we believe that the selected content has clearly outlined:

● The context, role, and applicability of the Rubi Network public blockchain project.
● The current status, helping the mining community recognize the opportunities and potential of the native digital asset on the first-layer blockchain Rubi Network in the global blockchain development trend.

▶︎ Temporarily pausing AMAs to focus on development:
We will be temporarily pausing the AMA program from now until mid-February 2025, in order to focus maximally on developing important decentralized protocols – the core element ensuring the launch of Mainnet in 2025.

▶︎ Expectations and companionship:
With 90 AMA questions answered, we hope that the mining community will have a comprehensive overview of the current context, the project's position, as well as the long-term vision.

▶︎ Continue sending interesting questions:
We look forward to receiving more insightful and creative questions from the mining community for AMA #6 in February 2025. The AMA reward fund is always ready to be awarded to the best questions!

If you have any questions, send them to our public AMA wallet address along with a small fee to limit Spam, you will have a chance to get back up to 20 times the fee sent. (maximum 20 RBL per answer)

(Open your wallet and QR code - to send questions to the AMA weekly)

To learn more about AMA Weekly HERE

And now! Welcome to Rubi Network's #5 AMA week!

This week, AMA Weekly #5 continues to provide a transparent and deep connection space between the Rubimily community and the RUBI Team. With 27 questions revolving around development strategy, security, asset model, and project roadmap, this program has answered many important questions.

From details about the wallet, asset distribution, to the long-term vision for Rubi Network, this is your chance to learn more about the project and the community. Read the article to discover the highlight questions of this week and grasp the core values that Rubi Network brings!

All questions are "engraved" on the TXN Memo in the AMA wallet, we will continue the numbering from the previous week's questions. This week we will start answering from number 64 to number 90.

● During AMA week #5, we received 76.9 RBL from questions.

● And have paid out 472 RBL for AMA rewards.

List of 27 questions and answers Week #5

64) How long does it take to complete the Rubi blockchain?
0x83d2f37661973d7b150a4ea34440d91f11bcff8143aff71566ef61c59d74499e

Ask:

What is the estimated time line to complete Rubi Pandora Blockchain?

Answer:

Rubi Pandora Blockchain is a newly designed blockchain focused on operating digital goods, with a different structure than traditional currency blockchains. Since blockchain development often takes place in multiple phases and is constantly improving. New requirements always require new solutions, it is difficult to determine when the entire project will be completed.

However, the first mainnet protocol version of Rubi #Pandora is expected to be released in 2025. After that, improvements will continue to be implemented.

Ask Reward 2 RBL TXN
0x25d46d9585c6a80d0fe49671b73767eb11cf301675b1ab8004512f102d117190

65) Why don't Rubi developers create their own RBL?
0x6067e8c5131a928138efe6b527e67cc6ece9d14f8b22c66f6e2a30fdb751789a

Ask:
I heard that Rubi Network developers do not distribute network assets to themselves. Why don't they try to own the majority of network assets?

Answer:

The main goal of Rubi Network is to build a truly decentralized ecosystem, which is not only about the technology aspect but also about ownership and governance. The development team does not hold a large proportion of network assets to avoid centralization of power, centralization of ownership, which can conflict with the ideal of decentralization.

In fact, there have been many blockchain projects that often talk about decentralization but they choose to centralize through holding large ownership and benefits, which is not true to the nature of decentralization.

Rubi Network promotes the concept of Decentralization through learning from the Bitcoin model, where assets are not created in advance and the development team does not receive priority in distribution, in the future it will also move towards a state of no control or governance of the network.

Ask Reward 20 RBL TXN
0x7e5194698d75773571ea2f8c1d79463dfa545ff7c57953a205f7d0ddd5ba6d3b

66) How does the Rubi blockchain resist outages?
0xc1f6dfa4b3ae347c3f057ecbe65512c957dfec068359180b2fdc392d5975c42f

Ask:
Solana blockchain do experience shutdown & today Sui blockchain is down and hasn't produced any blocks for almost 1hr now, does Rubi have any mechanism in place to prevent intermittent downtime?

Answer:

Rubi Network in the mainnet protocol is expected to be designed with mechanisms to minimize the possibility of outages. This includes:

Decentralized architecture: Ensuring no dependence on a limited number of validators or centralized infrastructure, Rubi Network's node architecture with 3 layers of validation can limit the dependence on a few nodes.
Robust Consensus Mechanism: Rubi Pandora Blockchain adopts Byzantine Fault Tolerance (BFT) consensus mechanism, which helps maintain operations even if some nodes fail or lose connection.
Redundancy and Load Balancing Mechanism: Nodes operate flexibly to maintain block production without interruption.

These measures are expected to help Rubi Network achieve stability and reliability under harsh conditions.

Ask Reward 4 RBL TXN
0x863b0762a97439a2df68c315e756197e5d667b34a5e4fb8618613c5ecb8731d7

67) Why does my group sometimes have strange members?
0xe1db735177d20f26b9d049c0d8dbf0a3f02752264097b7cf1b81d969a3567f08

Ask:
why do i have more people in my mining group than i invited?

Answer:

You have more strangers in the mining pool thanks to the Rubi Network's automatic recommendation mechanism.

When a new miner registers an account but does not have a referral code available, the Rubi system will randomly display a list of 5 referral codes based on the active miners. If you mine frequently or are active, your referral code may appear in this list.

This recommendation mechanism helps the network not to miss new miners, and at the same time helps old active miners increase their chances of expanding the mining pool.

Ask Reward 20 RBL TXN
0x522d918dcbfaa0f0cdc9a556b07dca04ac34ef17229da3019fdbb09233312f35

68) Does Rubi have an ambassador program?
0xb136ef420d1a83285f8fdea48f8cac5069898c7b3dadc0e487cdb07c5e497d9d

Ask:
Ambassadors play a very important role in every project. Do you have an ambassador program? If so, how can I become one?

Answer:

Rubi Network understands that ambassadors play a very important role in spreading and building the community. Therefore, Rubi's ambassador program is planned to be implemented in 2025. This program is designed to support and recognize passionate individuals who want to contribute to the development of the network.

If you are interested in becoming an ambassador, please follow the official announcement on Rubi Network's media channels, where we will provide detailed information on the criteria and how to participate.

Ask Reward 20 RBL TXN
0x016e28e42fb401983bdb9d4e3d2e3c7f4c8f62cb986d1cc2b0cc74dcaee5b725

69) Apart from friend referrals, what other marketing strategies does Rubi have?
0xfed048d03d38d1b1302cc6c3d468d3bd971887026afef641b9729b539a9682af

Ask:
Apart from referring a friend, is there any advance marketing strategies that Rubi' intended to use to create more awarenesses so that the rest of world benefits from the value and potential of Rubi?

Answer:

Rubi Network is not only focusing on friend referrals but is also building diverse marketing strategies to expand global awareness of its value and potential. However, these activities will only be implemented after the network releases its mainnet version.

The points of this strategy include strengthening cooperation with strategic partners, reaching out to organize international events, leveraging innovative digital advertising, and building a strong community through educational programs, raising public awareness about blockchain to bring sustainable value to society.

Ask Reward 20 RBL TXN
0x4ad9cf0080a0fb1b706b5bf69d5eff025c315d35953b57bc140c2a8a04a741f6

70) What inspired the creation of Rubi Network?
0x65867d96fd0205b07ed57ae230d863f41b61cdef48ea4c865f2b22c8a1d2aa35

Ask:

What and who inspired you to establish this Rubi project?

Answer:

The inspiration to create Rubi project came from the development team realizing the injustice in the community economy, where billions of users are using smart devices to participate in content consumption activities but do not receive any income in return. We believe that they deserve to be rewarded with benefits from the economy, as they are the core element of every marketing campaign in that economy. That's a big enough reason, and Rubi Network was born with the goal of changing this situation by applying blockchain technology to redistribute the value of the interactive economy to ordinary users.

Ask Reward 2 RBL TXN
0x6c6a7b6c29af8d90dcf20c85184f05834d004b1503d4ff16832fa8692381abd5

71) What does the name Rubi mean when it was chosen?
0x775eaf0a4cee650a6528aeb00b895755e21aecf4dd7d65f43b4961b660bbff6d

Ask:

Where does the name of the project come from? What does it mean to you? And why did you choose this name for your project?

Answer:

The name "RUBI" was chosen because it sounds similar to "ruby" - a precious gem, symbolizing unique and precious value. In Rubi Network, the assets that miners mine are like digital gems. Moreover, we believe that each individual in the community is a "gem" with great value and potential. That's why this project, called "Rubi" and featuring a powerful blue stone icon, reminiscent of precious gems, has been designed to help people unlock their own value, turning it into digital assets that they own.

Trading crypto assets is generally considered to be risky, always consider your decisions carefully.

Ask Reward 20 RBL TXN
0xfd74e612e00790f8581ee667861e48eb0e486f125897e4d882ac496b68ec0e96

72) Does Rubi have plans to support P2P trading?
0xfbf011ea230abcb43f707fe32f5e6c73e3eb08cb9bd580ba7c729041bf1c6ff1

Ask:

Will there be Rubi exchange for P2P transaction in the nearest future?

Answer:

Yes, P2P trading with RUBI is part of the project's development plan. We recognize the importance of providing users with the ability to exchange digital assets directly and without intermediaries. Currently, the team is working on developing the necessary tools and infrastructure to ensure P2P trading is safe, fast, and efficient. This feature is expected to be deployed in the near future, before or after the mainnet launch.

Ask Reward 2 RBL TXN
0xb00eef9568af3a3ebaf3e35215edccce268f657e997064d1775d76955ee16651

73) Is selling rubies legal or illegal?
0x5f4c9c6abae7a34b4fe86c1af908577bf31b8e833c53d1045d26a21524885f64

Ask:

Is it legal or illegal to sell rubi?

Answer:

Whether buying and selling RUBI is legal or not depends on the regulations of the country where you live. In general, RUBI is a digital asset designed to operate on the blockchain platform and is not directly regulated by any national authority. However, trading or buying and selling RUBI (which is a type of digital asset) must comply with the laws on cryptocurrencies and digital assets in the country where you live. Make sure you know the law and conduct your transactions transparently and in compliance with regulations.

Trading crypto assets is generally considered to be risky, always consider your decisions carefully.

Ask Reward 20 RBL TXN
0xda7dd3ba499a17b1897ffe9c1e9061e96d11ab9cde6a05c3394f6d1a10355010

74) What is the difference between crypto commodities and crypto currency?0x8a68d0509557ae37263b2ff6fcedbbb8deb69eedfbb3715c92bd40f80f3b53d9

Ask:

what's the difference between Crypto commodities and Crypto currency? And explain in which area can we use Crypto Commodities?

Answer:

The difference between crypto currencies and crypto commodities lies in the characteristics of use and the supply-demand mechanism:

Crypto currencies
Mainly a means of payment or storage of value, there is no consumption when used.

Crypto commodities
Like traditional commodities such as oil, wood, or ore. They have the characteristic of consumption during use and need to be mined or produced to meet demand. For example, oil is consumed as fuel and needs to be continuously exploit to balance the market.

How does the crypto-commodity manifest itself in the Rubi Network?

• It is used in digital economic activities (such as paying for services or mining resources),
• It is consumed when participating in social interaction activities and more.
• Its supply depends on demand and is continuously consumed, thereby creating an economy of exploitation and consumption around it.

Ask Reward 20 RBL TXN
0xe2108fb08ef16a9c74713a123511f2f862fc4df7333ccd7696bdab75a2f9972a

75) What sources of revenue does the project have to maintain operations?
0x781e17eb16c21d472026a824ad31f038204935cdc9ef624acf29cf5811b04609

Ask:

In what ways does Rubi generate profits or revenues to support the operations and development of the project and what is its revenue model?

Answer:

Rubi generates profit and revenue through the following sources:

Transaction fees: Each transaction on the Rubi network incurs a small fee, creating a stable source of revenue to sustain operations.
Marketing credits (Mana Frozen): Users burn RBL to convert to MnF, supporting marketing campaigns. Rubi collects fees from campaigns that use this service.
RWA-related services: Rubi provides a platform for converting and using real-world assets (RWA) on the blockchain, generating revenue from crafting and trading activities.
Revenue from NFT products and digital assets: For example, Rubi Gems NFTs are crafted and traded at a cost or revenue share to the network.
Premium service fees: Includes access to features or services reserved for users willing to pay a privilege fee.
Funding sources: Includes funding from sponsors through agreements in the expected scalable economic model.

Rubi's revenue model is designed to balance between maintaining operations, expanding the ecosystem, and creating sustainable value and income for the user community.

Ask Reward 20 RBL TXN
0x935ebf9fde5a566512b8de5eee2dd05417ddf07dd3abc3ccc007257e547942fe

76) Has the Rubi development team encountered any new technical issues?
0x6a39c20db969b9554fcb923e302fb51ed7073a18c20df2f4c90d491c4964d6f8

Ask:

Is the RUBI team encountering any technical or development issues that it had not previously anticipated?

Answer:

Yes! The RUBI team has encountered a number of technical and development issues that may have arisen unexpectedly, including:

Multi-chain integration: Difficulty in connecting Rubi (a theoretical network of digital assets) with other blockchains (digital currency networks) to ensure compatibility and exchange of assets.
Optimizing Network Performance: The increase in users continues to put pressure on the infrastructure, forcing the team to optimize transaction processing capabilities.
Innovative product development: Complex features such as crafting Rubi Gems NFTs require more time and resources than expected to ensure a smooth user experience.

However, these challenges have helped the team improve processes and build a stronger ecosystem, increasing the ability to predict and respond to future situations.

Ask Reward 20 RBL TXN
0xaa78a318084574cf0e019d0ee64b40db3bf4c0f46e24d8d98f876c0f75322bd5

77) I don't see any transaction fees, where do validating nodes benefit from?
0xdbd2d32c0bff985efb24bda8c4e3d588f2ec2e2f688f298f197066450e31cf87

Ask:

I notice no transaction fee known as gas fee is being deducted when we transfer rubi, why is that? And how do you plan to reward validators?

Answer:

Currently, during the testnet phase RUBI offers free transactions thanks to the use of existing resources to maintain the network infrastructure. This is to reduce the barrier for new users and encourage community participation in trading.

But free transactions are not forever, in the future TXN have to pay small fee by MnA, transparent transaction fee to cover long-term operating costs and system upgrades.

Fee of transactions help generate validator rewards distributed through block rewards and additional incentive programs, ensuring the security and efficiency of the network.

Ask Reward 20 RBL TXN
0xbef0a76e89d7da13e9d5b6552fd395d82304dd3bff3d7ced86ac36a3ffc0a06b

78) What is the Trading Zone in the app?
0xec25880f9e558fe214f085af30a587331857a3ce8a7147b9add6ed3cf9b4a5da

Ask:

Rubi have "TRADING ZONE" in the app. When we go mainnet will Rubi allow us trade other assets or it will be exclusively for only Rubi assets?

Answer:

The "TRADING ZONE" in the app is where you can conveniently buy and sell digital goods on the RUBI network in a P2P or centralized manner. This area was originally designed to serve the needs of trading RUBI commodities, optimizing the user experience. In the further future, we plan to expand the ability to trade other digital assets through bridges provided by third-party partners, contributing to the creation of a diverse trading environment and expanded connectivity between blockchain ecosystems..

Ask Reward 20 RBL TXN
0x0f52f377fb4f66440dc0d37e08a9ba8757a5b389bd3859ec173ab3e51db08e7a

79) Does Rubi apply AI in interaction?
0x6b27f0fec792473b8516cd4bcf12a921c8c0931bfc7cdf4c9c07d578d3e112f1

Ask:

Rubi consider INTERACTIVE ASSETS as a theory in it's development. Wil Rubi consider the introduction of Artificial inteligence as we continue building to boost interaction?

Answer:

Rubi has always valued the concept of "Interactive Assets" and considers it a focus in its development. The integration of artificial intelligence (AI) is a potential direction to enhance user experience and expand interaction capabilities. AI can be applied to personalize experiences, analyze interaction data to optimize asset value, and support users to exploit opportunities in the ecosystem. This is also an important part of Rubi's long-term strategy.

Ask Reward 20 RBL TXN
0x32c19726a2f2c10aecba40ad7f6e440c1835270d3ef223c5593d5716d215cf4b

80) Can I buy Rubi from other miners for investment?
0xa55d6c757cf11d576ba1580c0d8d6c9a2cc9dbd1aa29a40e154f0b3ff3cbf720

Ask:

Can a miner buy Rubi from another miner for the purpose of investment?

Answer:

Miners can absolutely buy Rubi from other miners if both parties agree. This purchase creates asset circulation within the community and helps members optimize their usage or investment needs. However, Rubi always recommends that users make transactions transparently and comply with legal regulations in their region.

In addition, Rubi also notes that at the time of this answer, Rubi is still in the testnet phase and has many potential risks. You should have a clear awareness of the risks in every buying and investing decision.

Ask Reward 2 RBL TXN
0x6d44c0b1e69cb529a0e84992479429dfe0fc9db12d16080e93d6d0b1f78530b3

81) How does Rubi secure and scale the platform?
0x1c265eb9d0ef98d99fe524ad28a00981fa9f6e76d28d832b7634578f3627995d

Ask:

How does Rubi Network ensure security, transparency, and scalability in its operations or platform ecosystem?

Answer:

In the mainnet protocol, Rubi Network ensures security through the use of blockchain technology with the reliable Sha256 encryption algorithm, protection and prevention of attacks by a large number of Validator Nodes along with the 51% mechanism, and anti-Spam by requiring staking for Validator Node status.

Transparency is maintained by making all transactions public on the distributed ledger, allowing every user to access and verify. Scalability is built on an infrastructure design that allows for flexible expansion, increasing the ability to handle large volumes of transactions as network demand increases.

In addition, Rubi also actively approaches the integration of new technology solutions in the context of new technological advances that have a positive impact on network performance.

Ask Reward 20 RBL TXN
0x4a9a1b1db87a2fedfcff74821ab1d6e0ef5a4e2cd4d8d1e6cae64cc35535ca2a

82) List the important milestones achieved?
0x49dbd5aa03e8f56789d4edeb08e2094e80431bd5565792327595174411e6877b

Ask:

What are the key milestones Rubi Network has achieved so far, and what exciting developments are planned for the future?

Answer:

Rubi Network has achieved several important milestones:

Growing a global community: With over 1 million miners from over 200 countries and territories (as of August 2024), Rubi Network is asserting its position as a potential global network.
Successfully completed 4 Halvings: The 4th Halving event took place on August 20, 2023, marking an effort to control supply inflation and maintain long-term value for RUBI.
Global KYC Program: KYC 1.0; 1.1; 1.5 global has been deployed, significantly improving the efficiency of real user verification, effectively eliminating fraudulent account cases, helping to control and verify the supply of real assets.
Launch of wallet with blockchain ledger: Wallet version 1.0 with transaction storage mechanism on blockchain ledger was released in July 2023. After more than a year since its launch, Rubi Wallet 1.0 is still proving to be stable and a reliable place to store digital assets.
#Pandora Testnet Launch: #Pandora Testnet launch, block explorer with real data connected to the official ledger, #Pandora interface designed to be friendly, logical, allowing miners to observe and verify transactions.

In the future, Rubi Network will focus on the following development plans, including:

Mainnet launch: It is expected that Rubi can complete the decentralized network protocol and deploy the mainnet in 2025.
Upgrading technical infrastructure: Upgrading technical infrastructure according to usage needs, providing common standards to allow miners to contribute hardware resources to participate in the block validation protocol.
Developing application solutions: Developing and introducing features to illustrate the application of digital assets RBL, MnF, MnA, RBG in practice.
Support secure trading: Develop secure trading solutions yourself, or partner with third parties to provide secure trading and liquidity pool utilities to the mining community.
Continue to innovate and develop more scalability: Develop technical documentation, allowing Rubi Network's protocol to be ready to communicate with other ecosystems. as well as attract individuals, or development teams from the community to provide valuable initiatives to the ecosystem.

Past achievements and future goals demonstrate the long-term commitment of the Rubi Network development team to build a strong, transparent and secure ecosystem that brings mutual benefits to the entire community.

Ask Reward 20 RBL TXN
0xa735e2c408156614a7d821da0cc542445ae83241266f5b614d22b45fd4f50547

83) Does Rubi support external wallets?
0xd64d723902430e547e7161fadd5cc3fd0349e2f480600fd4ee9286780a3511d5

Ask:

in future is there possible having rubi wallet without having rubi app? Can I save RBL in metamask or Trust Wallet?

Answer:

Currently, syncing the wallet with the Rubi app creates an effective layer of protection, helping ordinary users against phishing attacks. In the future, when the network moves to mainnet, we will consider developing independent wallets or providing supporting documents for third parties so that they can develop wallets compatible with the Rubi Network.

Regarding MetaMask and Trust Wallet, since these two wallets support the EVM blockchain, while Rubi is an independent blockchain - they cannot be used directly. However, if the demand is large enough, solutions such as bridges or token wraps may be considered for development.

Ask Reward 20 RBL TXN
0x7a9ead5e350fa20f07b044fde2d0fe5e03f23c505593e96f095a1e43750636f3

84) Rubi Wallet is still in development, is the asset safe?
0x24aba0a89b138e3859bb16f0faef07bdf63fdd4b518b444b00c91fad3b099c0a

Ask:

We notice the wallet is still under construction,is there by any chance we are going to lose our already migrated coin during construction ?

Answer:

In fact, every technology carries a certain level of risk, even with large and famous blockchains that have been in operation for many years, there is still a risk of problems with the wallet.

Rubi Network is always aware of risk prevention, so we are always cautious in developing and deploying upgrades to minimize risks.

Rubi Wallet has been operating stably for more than a year, processing millions of transactions without any serious problems. However, we encourage users to always follow official announcements from the operation team to ensure the safety of your assets.

Ask Reward 20 RBL TXN
0x925882589fe8cf52eef826326f7b0623aff9e65dd3c134ef8d4658de7d153be4

85) Is Interaction Really an Asset, or Just an Idea?
0xb29483a8b1dad711169c1b2b2b30f85f6848e4a4783397746f0b7f71155c766f

Ask:

Rubi's unique feature is "converting interactions into assets", explain how it works, Have we applied this in practice or is it just a new idea?

Answer:

Interaction has long been an important "commodity" in the online economy, with a market value of up to trillions of dollars. Rubi Network not only recognizes this value but also pioneers the solution to convert interactive behaviors into "crypto assets" through blockchain technology. This is a prominent difference of Rubi compared to other traditional blockchain projects, they usually only focus on creating cryptocurrencies.

Rubi is still in the early stages of building the platform, so practical applications still need more features waiting to be developed, but the value of the interactive economy in the world has been seen as inevitable.

Ask Reward 20 RBL TXN
0x5697577bd9a445f6507ac1c3d52608e66da91913fbb136cd2e99d34c44a34d58

86) Is Rubi a cryptocurrency or a stablecoin?
0x75068a3207ac18507db233d0686c055050cabf87d8ab64dcdca5dac281d27222

Ask:

Shall Rubi be a stable coin(e.g USDT) or a tradable coin (eg BTC). saying this because community members (minners) agreed on a price of 5.4$ and it's reflecting now as a potential price of rubi?

Answer:

Creating stablecoins is possible, especially when they are backed by assets or commodities with real-world value. However, Rubi is currently designed as a tradable digital asset representative, not a stablecoin. Please note the distinction that cryptocurrencies belong to the concept of "Crypto Currencíe" while digital goods belong to the concept of "Crypto Commodities".

In the near future when the mainnet is completed, when the smart contract creation function is developed, Rubi can support the issuance of stablecoins on the network using suitable methods, such as digital asset escrow contracts for collateral.

The price of 5.4 USD mentioned is a potential price, not a fixed price, we believe that with limited supply, wide distribution and a growing community, the price of 5.4 USD will be just a modest number.

Ask Reward 20 RBL TXN
0x967a5df2d59725529d749fdc914735c1d80a1207aefa6260c58ebf66e3a6fa18

87) How to earn RBG, MnA, MnF?
0x67c534dc6d5af771c5cf302e471565762c7ba0717e031bf9220d1b3c87e27a57

Ask:

We will also earn (RBG,MNF,MNA and Star) by mining and when the (Trading Zone) will be functional?

Answer:

Assets such as RBG, MnF, MnA, and Star can be earned through valuable interactions you perform in campaigns on the network. This includes mining or participating in specific interactions in a campaign issued by users on the network. Currently, we are completing the underlying platform technology, helping to build public applications so that people can easily earn and own these assets.

The active trading area is planned to be developed and will be revealed soon in the next period, in addition, third-party developers can also appear and provide trading and liquidity services based on the needs of the community.

Ask Reward 2 RBL TXN
0x22dddd05c300aa1a9460221275857e74ddd5f9d81799c5d3955f3a31640b74e6

88) Where is Rubi in the overall development plan?
0xe9ba6791e1fb031dfe1db695ee6e18af337c50573068c361ff14a3cfb53111e1

Ask:

I can't find the white paper and roadmap! Let us know where Rubi is in its development plan?

Answer:

You often see clear development roadmaps in token issuance projects. However, with a blockchain platform protocol development project like Rubi Network, the roadmap is often more flexible because the development time is often long and the technical specifications can change to adapt to the actual context.

Based on the standard main stages of a project which usually include multiple goal groups conducted in parallel including resource preparation, community building, protocol testing, main protocol release, and ecosystem building, Rubi Network has currently completed about 15%-30% for each goal group.

Ask Reward 20 RBL TXN
0xb3db86180bf320d5f20a2e098b0c096e9af8b08f6ec47f5c9aa83dca4c368fe6

89) Is Rubi Network the same as Pi Network?
0x0a3ffec0eb51a217e84fc75c1c9234a7bddba88cd75bd725598ce098ce470968

Ask:

Is Pi Network similar to Rubi? Pi is on its last stage and is nearing its final destination, so what stage Rubi be now?

Answer:

This is a difficult question because you asked about another project, because the views on the projects are different, it is difficult to have a satisfactory answer for the readers. However, we have researched information about the Pi Network project up to now and have some information to provide for you and other readers to have their own perspective on Rubi Network, we hope that this answer is considered objective.

Although Pi Network and Rubi Network have similarities in reaching out to the general public with the form of mining on mobile applications, the two projects pursue very different goals and methods of operation:

Pi Network: The Pi project focuses on the definition of "currency - Crypto Currency" with a fixed supply of 100 billion Pi tokens pre-minted and waiting to be distributed through airdrop rules to users. According to Pi's white paper, about 20% of the supply is distributed to the development team. As of the time of this question, the amount of Pi distributed is approximately 5 billion Pi, of which the amount locked is about 3.7 billion Pi, 1.3 billion free Pi is in the hands of the community. Thus, if the amount of locked Pi is included, the current decentralized state of Pi's supply is 5% distributed, and 95% is centrally managed by the development team.
Rubi Network: Rubi again aims at the concept of "commodities - Crypto Commodities", Rubi Network offers simple and accessible participation rules by simulating gem mining in a digital environment. The special thing about Rubi Network is that the supply is not pre-printed, and the entire circulating supply is distributed only through mining and moving assets onto the blockchain and owned by the miner himself. Up to now, Rubi Network has a mined supply of approximately 15 million RBL units, which is one of the most scarce assets.

In terms of time and development stage, Pi Network started in 2018 and has been operating for nearly 6 years, and we see that the Pi project is still under construction, and there are probably many more modules waiting to be deployed.

Meanwhile, looking at the Rubi project timeline, starting from mid-2022, after more than 2 years of construction and development, Rubi is currently in the network testing phase with the #Pandora testnet launched in June this year, it can be said that Rubi Network is not far from the starting line. This is still the golden time for miners to access and mine Rubi with high efficiency and little competition.

Ask Reward 20 RBL TXN
0xe430bfd2c8f43e6a515704de25571e8b45269870cc462ebdaf7c65b44b5e3a73

90) Is it safe to buy and hold Rubi now?
0xfe67c603831eed77a03c2800a6fe6324dda660ee4ba67854ab5d3757c7dffbc4

Ask:

Please advise, is it safe to buy and hold Rubies now? What will happen to my Rubi. What happens with Rubi which transferred to the wallet when system switch to Mainnet?

Answer:

Owning and storing Rubies now can be considered safe if you follow the guidelines from the development team and use the official wallet of Rubi Network to store your assets. However, we always note that any investment in digital assets is inherently risky, whether you buy Rubies from the open market is your own decision and consideration, and you are the one who ultimately benefits or suffers.

The Rubi network is designed to automatically adapt when it moves to Mainnet, so your wallet assets are protected without any complicated steps on your part. The development team is committed to applying maximum technical measures to ensure the rights of owners during this process.

Ask Reward 20 RBL TXN
0x95c173430e1ed98ae82f5441cf95ac1b7d24124aae05d0a733bb74e47e3abfdf

RUBI TEAM

Go AMA WEEKLY LIST