Rubies is soon to be evolving into Rubies 2 (R2B2).
Rubies 2 or R2B2 is a NXT asset available on the asset exchange (
https://www.mynxt.info/asset/5315990270934743720).
Any Rubies exchanged into R2B2 will be destroyed using a burn address decreasing the supply and increasing the rarity of Rubies.
Rubies and R2B2 will both be completely backed by Moneypot.com for at least 1000 satoshis in Bitcoin.
Investment and Betting options for Rubies and R2B2 are just around the corner and will be the first altcoin launched on Moneypot.
BetterBets.io will have reverse bet-mining for Rubies/R2B2, meaning as you bet with Rubies, you will be receiving Bitcoin as a reward.
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Why is this worthy of an announcement?
Rubies is now being opened up to a solid platform in NXT.
It's never been easier to expand your holdings as profits will be distributed in monthly dividend payments directly to R2B2 holders (even if they are invested or kept on Moneypot).
You now have several options to increase your bitcoin value by staking with Rubies or receiving dividend payments with R2B2 both with the option of investing in a house bankroll.
Rubies/R2B2 will be one of, if not, the only coin out there that has a high ceiling and a guaranteed floor allowing for stable investment and use.
Futher details to come!
edit; a new announcement thread will be made in the New Year breaking down the everything in much greater detail.
Both v1 and v2 will exist at same time.
The only way a R2B2 coin is created is if a matching Rubie is destroyed.
The plan is to fully transition over from Rubies to R2B2 within a year.
Rubies will still allow for proof of staking rewards, but will not be eligible for dividend payments.
R2B2 will be eligible for dividend payments, but will not allow for proof of staking rewards.
edit; The NXT asset is public and transparent. For each R2B2 going out, you will see a transaction of Rubies being sent to a burn address.
Awesome news from the Moneypot team, this marks the beginning of new health for Rubies V2 with R2B2. My team and theirs worked on a very good strategy for long term health and benefits for all holders. There will be no more blockchain issues as it runs on Nxt and this will tie in as well to the upcoming BetterBets.io launch of NXT betting. 2017 is going to be a very great year for both teams, and this post is our way of handing over the entirety of the Rubies project in the great care of the Moneypot team. From this point we will remain here for them as advisers if they need, but this is the transition from our team to Moneypot of the destiny of Rubies.
Get ready everyone, it's an exciting time to be a part of Rubies V2 future.
