Bitcoin Forum
May 20, 2024, 11:40:59 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 📢📢 [ANN][RAM] Ramifi: An improved synthetic commodity 🔥🔥  (Read 320 times)
MoreStamps.Global (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 98
Merit: 0

Stobox: Securities Tokenization


View Profile
November 21, 2020, 03:32:46 PM
Last edit: December 10, 2020, 01:53:58 PM by MoreStamps.Global
 #1

The bitcointalk profile owner is not associated with Ramifi in any way.
If you think this member is promoting scam, kindly inform the poster immediately instead of reporting.
The thread will be taken down upon request!



Synthetic commodities are a recent type of digital asset with many unique applications. They
have proven to be robust and uncorrelated with existing financial instruments. As such, there
are many latent potential uses for synthetic commodities in terms of value attribution.
0000000000000000000000000000000000000000000000000000000000000000000000000000000
Ramifi takes a unique approach to synthetic commodity value attribution by utilizing a dynamically
weighted basket of commodities to discern the dollar's purchasing power. This approach accurately
accounts for inflation in real-time and allows users to better understand their underlying assets'
real purchasing power.

Ramifi is a project whose aim is to take on the role of money in the new decentralized economy.
There have been many clever attempts, with each growing progressively more sophisticated than
the last from USDT to DAI to Ampleforth. USDT gave us an easy off ramp to escape the volatility
inherent to the crypto markets. DAI did the same without the need to trust a 3rd party that had
the reserves to make good on its debts. AMPL took it a step further without the need for over
collateralization of assets for it to be produced.

.Why Ramifi?.

Dynamic peg

RAM token is pegged to the average price movements of
over a 150 different commodities. A simplified way to
portray this is by using a commodity like gasoline as an
example.
000000000000000000000000000000000000000000000
Regardless of what the USD does, 1 RAM still has the
purchasing power necessary to buy that gallon of gas.




0000
                                 
Dynamic supply
00000000000000000000000000000000000000000000000000
In order to ensure the RAM token's value stays close to that
peg, the supply is adjusted daily. You can look at the inflating
balloons in this example as the supply decreasing, and the
growing anvil as the supply increasing. These mechanisms
ensure that 1 RAM is always equal to 1 gallon of gasoline.
─────────────────────────────────────────────────────────────────────            
Stablecoins are all aiming to become a decentralized store of value, yet they all fall short with
being pegged to the US Dollar, whose value is continuously decreasing. The USD is a global
medium of exchange recognized across the globe and is a denomination that people understand,
an understandable choice for stablecoins.
00000000000000000000000000000000000000000000000000000000000000000000000000000
Stablecoins are all aiming to become a decentralized store of value, yet they all fall short with
being pegged to the US Dollar, whose value is continuously decreasing. The USD is a global
medium of exchange recognized across the globe and is a denomination that people understand,
an understandable choice for stablecoins.

     

The Ramifi protocol's unique approach to the dollar's declining real purchasing power is critically
important due to increasing inflation. Currently, consumer inflation is calculated using a metric
known as the Consumer Price Index. Over time, this index's approach to calculating consumer
inflation has changed drastically, having consistently been adjusted to demonstrate low inflation
rates.

The results of these miscalculations have been starting – rather than the nominal consumer
inflation rate of roughly 1.4%, the actual rate of consumer inflation is likely somewhere around
10%. This large discrepancy helps to explain the increasing dissatisfaction of the average cons-
umer as their currency's purchasing power continues to erode.



(Relative loss of dollar purchasing power over time due to inflation)
000000000000000000000000000000000000000000000000000000000000000000000000000000
Ramifi addresses the clear demand for a durable synthetic commodity that accurately tracks
the world's largest fiat currency's real purchasing power. As digitization continues to occur
rapidly, we believe that users will become increasingly aware of the rapidly declining purchasing
power of their assets. For these reasons, the supply of Ram tokens will be continually adjusted
at set intervals to reflect both fluctuating user demand as well as real-time changes to the
purchasing power of the US dollar relative to a basket of dynamically weighted commodities.

How do we calculate the purchasing power of the dollar?

The Ramifi Market Oracle tracks over 150 of the global market's most liquid commodities
using the protocols Denominated Mean to assure that it represents the most accurate picture
of inflation and weighted US dollar purchasing power.



(As the primary fuel source for our modern world, oil is the most liquid commodity traded today.
Open interest oil contracts measure in the tens of billions of dollars at any given time.)

0000000000000000000000000000000000000000000000000000000000000000000000000000000 000
Futures contracts are incredibly liquid thanks to a robust secondary market in which speculators
actively trade contracts before their expiration dates. This liquidity reinforces the underlying
commodity price and facilitates an efficient method of price discovery for an otherwise cumber-
some physical asset class. It is important to note that unlike options, futures come with the
obligation that the contract holder take delivery of the underlying commodity at the contract's
expiry date. For this reason, the time value of commodity futures contracts is a highly salient
feature of the contract. As such, commodity futures contracts that are closer to their expiration
date generally trade with less volatility than contracts that expire closer to the given date.
(Ramifi Protocol plans to use Chainlink's secure DeFi price feeds, using the on-chain reference
data available.)

Moreover, an amalgamation of hundreds of different commodities with a precise and securely
fed price feed allows the protocol to extract a denomination of the dollars current buying power
in global trade markets worldwide. A good example of why it is necessary to use a multitude of
commodities is due to their inherent volatile nature. A divergence of price or volume over time
will still be accounted for within the protocols Denominated Mean. Below the chart demonstrates
the volatile nature and price divergence of just 5 commodities:



(Source: Standard and Poor’s Goldman Sachs Commodity Index (GSCI) — EIA.gov)

.The Injection Offering (IO).

An injection offering is a new and innovative way to provide investors and the crypto-community with a more sensible approach to Token Offerings. The process of Ramifi’s (RAM) Injection Offering begins with our Market Maker introducing a 50/50 split of Ethereum and RAM token of equal value into a Uniswap V2 contract. This allows 1 RAM Token to be priced at 1 dollar, our initial offering price.

As tokens are purchased with ETH, the amounts in the Market Maker contract will be readjusted on a 24 hour basis. This means that when the contractreaches its first 24 hour cycle, more RAM Token is ‘injected’ or sent into the contract to rebalance the value for each token. Overtime, these cycles will eventually allow a natural distribution to desiring holders until all tokens have been sold.
 

─────────────────────────────────────────────────────────────────────            
We believe Ramifi will play a central role in discerning the dollar's real purchasing power and improving the overall cryptocurrency space as a whole. Ramifi's aim is to provide an ambiguous solution, in a game changing manner. We thank you for your time and attention and look forward to the impending future of monetary systems as a whole.


stobox 
DIGITAL ASSETS ECOSYSTEM
◉ ───────  Website ⬝  WhitepaperTwitterFacebookTelegramLinkedin  ─────── ◉
helius11
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
November 21, 2020, 05:20:09 PM
Last edit: November 26, 2020, 04:14:26 AM by helius11
 #2

I'm particularly interested in the long term (1 year) performance of the token and how it will react to the changing monetary supply of the dollar for 2021. The dollar has especially not been treated well over the course of the coronavirus. Interesting. Shocked

I'm looking forward to further involvement within this protocol!
Tushar Ramani
Member
**
Offline Offline

Activity: 400
Merit: 15

Crypto Ghost Since 2017


View Profile
November 24, 2020, 05:26:10 AM
 #3

Hi, the idea seems lucrative. Where is the team? We are not in 2017 where projects used gain attraction without team details. I think team members are key players from an investment perspective.
MoreStamps.Global (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 98
Merit: 0

Stobox: Securities Tokenization


View Profile
November 26, 2020, 04:07:54 AM
 #4

Hi, the idea seems lucrative. Where is the team? We are not in 2017 where projects used gain attraction without team details. I think team members are key players from an investment perspective.

Both of our team members Kyle Forkey and Kyle Kahlenberg are a US based team who have collaborated on various Fin-Tech projects throughout the years. They have both jointly developed helius.us, an innovative real estate investment platform that allows just about anyone to invest in US based real estate with crypto. Our team member Kyle Forkey is the founding partner and COO of Amentum Investment Management, a fund with over 10m USD under management. Team member Kyle Kahlenberg has extensive experience in blockchain investments, real estate, and managing his own angel investment fund who is also a large part of the helius.us investment platform. Both of us strongly believe the Ramifi Protocol solves an issue that has yet to have been addressed in the crypto currency space.

stobox 
DIGITAL ASSETS ECOSYSTEM
◉ ───────  Website ⬝  WhitepaperTwitterFacebookTelegramLinkedin  ─────── ◉
BK_099
Newbie
*
Offline Offline

Activity: 22
Merit: 1


View Profile
November 26, 2020, 04:17:01 AM
 #5

Well, if managed well with a nice UI, Ramifi can easily attract commodity traders and investors. But I didn't understand the idea of the injection offering? I think it seems new.
MoreStamps.Global (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 98
Merit: 0

Stobox: Securities Tokenization


View Profile
November 26, 2020, 03:34:15 PM
 #6

Well, if managed well with a nice UI, Ramifi can easily attract commodity traders and investors. But I didn't understand the idea of the injection offering? I think it seems new.

Think of the Injection Offering as a regular offering but with 2 key differences. All the funds aren't received at once, and users can benefit from the offering by adding liquidity using various stable coin pairs like USDC, ETH, and DAI. The injection offering would begin with a market making contract providing, for example, 20,000 RAM ($1 USD) and 36 ETH ($540). This would essentially create a 1:1 pair in the contract, valuing our token at $1 precisely through the Automated Martket Maker within Uniswap V2. Over time, through market demand, the contract will replenish itself accordingly every 24 hours, defending against malicious actors commonly seen in Initial DEX Offerings. When all of these functions are put together, the tokens are introduced to the market over a certain time interval, which would be more likely to distribute them to a larger amount of participators. This would hopefully deter large purchasing transactions or front running scripts that cause volatile spikes in prices.

stobox 
DIGITAL ASSETS ECOSYSTEM
◉ ───────  Website ⬝  WhitepaperTwitterFacebookTelegramLinkedin  ─────── ◉
Texac
Hero Member
*****
Offline Offline

Activity: 2226
Merit: 513


Vave.com - Crypto Casino


View Profile
April 07, 2021, 05:55:10 PM
 #7

I invested my money here and my losses are 95%.  my fault is that I didn't know what rebase was before.  for me it will be science.  the team is incompetent, you are blocked in the telegram group for all questions regarding the sharp drop.

Texac
Hero Member
*****
Offline Offline

Activity: 2226
Merit: 513


Vave.com - Crypto Casino


View Profile
April 29, 2021, 09:56:45 PM
 #8

with such developers, I see that there is no hope of even getting my money back.  and there is no need to think about increasing them at all.

Texac
Hero Member
*****
Offline Offline

Activity: 2226
Merit: 513


Vave.com - Crypto Casino


View Profile
May 06, 2021, 08:25:53 PM
 #9

i was watching the chart on dextools when it was 2.5$ and i didn't sell, i thougt it's alive again and it's going to go a little more up to sell at break-even
but no, this dind't happened, but i learned a BIG lesson.

arielbit
Legendary
*
Offline Offline

Activity: 3416
Merit: 1059


View Profile
May 07, 2021, 12:49:27 PM
 #10

with such developers, I see that there is no hope of even getting my money back.  and there is no need to think about increasing them at all.

Ramifi, ramming a big scam dick up your ass.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!