ANSWER TO - "RUBI Supply Source"
Hello there! I understand that in your valuable limited time, you'd like an immediate answer to the question "What is the total supply of RUBI?" However, I believe most of those inquiring may have a misconception about the essence of the two words "total supply"
To not consume more of your time, here is an article to help you deeply understand the "Status of RUBI supply source"
The RUBI supply source is not just a mere digital concept like a predetermined number you often encounter in the cryptocurrency world. In the concept of the digital commodity that RUBI aspires to be, the asset's supply is a result of decentralized mining activities globally, entirely dependent on the force of miners and the market consumption demand.
1) About the Rubi Supply:
Let's examine together two factors shaping the supply of the RUBI digital commodity.
( You can see Rubi real-time total circulating supply )
a) Exploitation Factor:
In the mining operation, similar to Bitcoin, RUBI units are only created through the mining process by miners, with no RUBI generated before the mining process begins. Thus, 100% distribution is achieved through mining.
A difference lies in how RUBI is currently mined. Instead of using computing power for mining like Bitcoin, RUBI mines through the "consensus interaction between miners and the RUBI network." This mining method is based on an important autonomous behavior, providing valuable digital ownership linked to human behavior in the digital space.
( "Commodity" units mined added to the supply daily )
b) Distributed Nature of the Supply:
RUBI is currently mined by a community of miners from 190 countries and territories worldwide, creating a distributed and egalitarian supply among global miners. Ownership of RUBI is vested in the hands of miners globally. Rubi's unique mining method creates a perfect blend of resource extraction activity in a classic human way combined with ownership in the digital space.
Currently, the project is still in its early stages, and the supply can only circulate peer-to-peer within the Rubi wallet protocol. Liquidity with traditional currency is still limited due to asynchronous or lacking uniform regulations on managing digital resources. However, with easy access to mining at nearly zero cost, now is the opportune time for you to engage in mining and secure a substantial asset block.
2) Balancing Rules:
One of the efforts to build a sustainable value theory for the RUBI digital asset is the "balancing rule" based on mining and consumption.
a) Halving Rule:
The halving rule is one of the effective ways to increase mining difficulty and, thereby, competition difficulty. RUBI applies the half-reduction rule to mining efficiency based on the number of miners. The effectiveness of the halving rule consistently increases the asset's valuation after each RUBI applies a fair reduction rule to ensure long-term and widespread mining efficiency.
( Half-reduction rule & Balance point A )
b) Balance Coefficient A:
RUBI defines the mined asset units as commodities, digital resources that can be applied and consumed. To ensure scarcity, Rubi applies a "dependence point" of the mining rule, calculated based on the balance between mining and consumption, which we call coefficient A (See figure). This coefficient (A) depends on the number of active miners and the amount of RUBI resources consumed in the previous weeks. The (A) coefficient plays a crucial role in ensuring balance in additional mining while maintaining scarcity for the next mining cycle.
c) Consumption and Additional Mining:
Mining RUBI and providing interaction and marketing for trade has the potential to become a regular, easily accessible industry for users of all levels. As mentioned above, when reaching 10 million miners, the system activates the balance coefficient (Rate - A) to limit mining output in the next weekly cycle, maintaining a balance between supply and consumption. We believe that "interaction" in the context of promoting commerce and transactions is a "vital commodity" with the potential to become a massive mining industry in the near future.
3) Conclusion on RUBI's Total Supply:
Once again, let me emphasize! The RUBI supply is not a specific number predetermined by the development team; instead, the supply is determined by global mining activities based on a balance coefficient.
Rubi's new theory is not only pioneering in the "behavioral commodification" field as a unique digital economic trade community but also positions RUBI as a scarce digital resource in the world of digital assets with the potential for increasing value over time.
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Ognaira
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charibest
Am finding it difficult to set up my wallet account what do I do please?
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charibest
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