Ruferium: Interstellar Digital Asset

[ruferium]

Hello Everyone,

Before diving into philosophical discussions about the financial markets, let me introduce you to the details of our project.

Ruferium Overview:

Blockchain: Ethereum Network
Total Supply: 100,000,000 RUFE
Non-Mintable
Burnable
Contract Address: 0xaDc5FEDF6D1Ebc93CFF9D65DF6FB64aBccB25728
Website: ruferium.com
Twitter: x.com/ruferium
Telegram(Meh): t.me/ruferium

Mining Contract:
The distribution of tokens is managed through a smart contract, which we call the Mining Smart Contract.

Contract Address: 0x52f0d4a42E0e8C52cFCDD2FEb73c8cc21Fb25D7c
Entire Supply is within the Mining Contract
Signing Fee: 0.1 ETH + gas fee
Mining Rate: 0.0000001 RUFE per second
Bonus: The first 3000 miners receive an additional 6,000 RUFE.
The goal here is to introduce Ruferium into circulation in a structured and decentralized manner.

Decentralized Swap Smart Contract:
This decentralized market allows buyers and sellers to trade RUFE/ETH via a smart contract.

Buyers can purchase RUFE by selecting from available sale orders or by opening a buy order. In a buy order, the buyer must deposit the desired amount of ETH into the smart contract. Once an order is created, it cannot be canceled or withdrawn for 30 minutes, regardless of whether it has been fulfilled. If Ruferium is sold against the order during this period, any remaining ETH is refunded. The purchased Ruferium is transferred directly to the buyer’s wallet, and the corresponding ETH is transferred to the seller's wallet.

Key Points to Note:

• RUFE and ETH sent to the smart contract are not paired together.
• Orders are listed in a way that prioritizes the most favorable transactions for the counterparty.
• A maximum of 10 orders can be listed at any time.
• You cannot modify your orders once created; you must cancel and create a new order.

Why Ruferium Adopts This Strategy:
We believe in decentralized token distribution. Conducting an airdrop or ICO doesn’t align with our principles or future plans. Currently, we have three projects in alpha and beta stages. The revenues generated from these projects will be distributed annually to Ruferium holders.

Project JUL:
JUL is an autonomous trading program that operates with up to 30% of the funds generated by the Ruferium project. It performs high-frequency trading on stock exchanges and distributes the profits to RUFE investors annually.

To minimize risk, JUL targets a daily fund increase of 2% through futures trading with a maximum leverage of 5x, corresponding to a 0.4% market movement. Once the 2% target is achieved, 25% of the total fund may be reinvested based on market conditions.

The details of the other projects will be shared with the community as they enter beta testing.

Community Focus:
Like any other project, the value of Ruferium will be driven by its community. Remember, all profit distributions are calculated based on the circulating supply of Ruferium as of February each year. If there are 13,000,000 RUFE in circulation and you hold 1,300,000 RUFE, you will receive 10% of the distributed profits.

Join us on this journey as we redefine decentralized finance and empower our community with real value.

Thanks.

(On August 13, Jul will start trading on centralized exchanges. Daily trading results will be shared on Twitter, Telegram and our website for availability. This is required for popularity. Afterwards, we plan to return to monthly posts.)

[ruferium]

A PR company has been contracted to promote the Ruferium project on Twitter.

Payment was made in ETH, utilizing mining revenues.
TX: 0x9bfa59d6b6e6753f51591355d7360714ba4d7bf402e8d23421f100edfb5389fd

Our goal is to reach as many people as possible. We had anticipated allocating a portion of mining revenues to advertising and PR efforts.
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[ruferium]

Scheduled Maintenance Alert: From 02:00 AM to 04:00 AM GMT-4 on August 14, 2024, updates will be made. You may experience difficulties accessing our website during this period. Please sign the mining contract via Etherscan.

https://etherscan.io/address/0x52f0d4a42e0e8c52cfcdd2feb73c8cc21fb25d7c

[ruferium]

August Update Content:

- Launch Video: Scheduled for *****
- Public Disclosure of JUL's Transactions: The cryptocurrency market assistant JUL’s transactions will be shared publicly with a 10-minute delay, starting on August 20th.
- Website Enhancements: Ongoing improvements to website design and infrastructure.
- Smart Contract Deployment: The smart contract for dividend payments will be released, along with public disclosure of its terms and conditions.

We currently have two active miners.   The first 3,000 miners will mine 18% of the total Ruferium supply. This is designed to ensure the circulation of Ruferium in the market and to activate the swap smart contract.

Our swap smart contract differs from traditional swap pools. It is not linked to a specific trading pair. Users can trade Ruferium with ETH using their own assets. They have the option to interact with existing buy and sell orders or to create their own.

An 8-day mining period has yielded an average of 0.077448 RUFE per miner. This equates to an annual output of approximately 3.1104000 RUFE per miner, highlighting the potential yield for consistent mining over the course of a year.

Thanks,

(In the marketing areas, we will focus on the months of September, October and November.)

[ruferium]

We have a 1000-day roadmap. Since I can't share it on ProjectDesk, I'm posting here. The countdown is underway, and I'll provide daily updates on our project’s development progress.

Day 1000

📌No word yet from the PR team we've engaged through Twitter. We plan to reveal more in a few months. We've developed an API for the JUL program to view transactions. Data from the algorithm is now being displayed on our website. Work is ongoing to automate transaction data on Twitter and Telegram.

📌We're working on a detailed Project Desk and video for Ruferium. We expect to reach our desired level by the end of September.

📌We plan to send dividend payments directly to the smart contract. However, since distribution will be in ETH, we're considering holding USDT in a wallet to avoid market fluctuations.

📌We’re continuing work on a new blockchain and stablecoin, but we need capital to proceed. Alpha testing is ongoing. We’ve made progress with smart contracts and network costs. We plan to complete all testing and be ready for launch 200 days before the target.

📌The AI assistant operates autonomously but can be externally intervened. Currently, the trading pairs are limited.

[ruferium]

Day 999

📌Track Jul's trades, which aim to enhance the portfolio by a minimum of 2% daily, with a 10-minute delay.

https://ruferium.com/jul

📌We are currently working on design and API optimizations.

There are no specific time or duration limits for trades.

The algorithm opens long or short positions based on the risk ratio as soon as a trade is confirmed.

[ruferium]

Day 998 Update:

Ruferium is a token inspired by the concept of time. It was born from the idea of a "universe model created among decentralized smart contracts." Its distribution is entirely decentralized. As a miner, you support our projects under Ruferium.

The universe should be a self-building structure. Therefore, we continuously test interactions within the systems. While we cannot provide a start date for the universe, the Jul Program is independently analyzing the market. We prefer not to increase our risk tolerance. Due to server limitations, capacity is unfortunately constrained. Additionally, don’t expect excessive bot activity. The target is a 2% daily PNL.

[ruferium]

Day 997

Defining and simulating the universe's economy is a challenge in itself. Transaction fees on the Ethereum network could lead to unpredictable outcomes in this composition.

[ruferium]

Day 996

The JUL API has been temporarily taken down for updates.

[ruferium]

Day 994

We are making significant progress with our Layer 2 solution. Currently, we are testing 800 different smart contract types to establish the foundational structure of our universe. Next week, we will begin live tests on our economic models. Our focus remains on fundamental principles, security, and optimization.

[ruferium]

Day 992

Layer 2 Scaling: We're leveraging Layer 2 to handle large-scale transactions with minimal gas fees. This will allow for more seamless gameplay, particularly in resource-intensive activities like mining, trading, and combat.
Privacy Considerations: L2 solutions offer the ability to obscure certain transactions, which aligns with our game's emphasis on strategy and stealth. Players will be able to conduct operations with a degree of privacy, keeping their actions concealed from potential rivals.

Smart Contract Adaptation:

Unified Smart Contract Architecture: Instead of writing separate smart contracts for each ship or asset type, we've implemented a flexible architecture that can dynamically adjust to various in-game assets. This approach simplifies updates and ensures consistent performance across different ship classes and modules.
Modular Systems: Our L2 implementation supports modular NFTs that can be easily attached or detached from the main smart contract, allowing players to customize their ships with different mining lasers, shields, and other equipment.

Gameplay Enhancements:

Persistent Universe: The persistent nature of our game universe is maintained through L2, where players' actions (like mining or attacking) are recorded and reflected in real-time without the high costs associated with Layer 1.
Combat and Interaction: We've made significant progress in adapting the combat and interaction mechanics to L2, ensuring that player engagements, such as ambushes or fleet battles, are both responsive and cost-effective.
Next Steps:
As we continue to refine our L2 integration, we'll be focusing on optimizing the game's economy and ensuring that all interactions remain secure and transparent. We'll also be conducting further tests to ensure that our smart contracts can handle the dynamic nature of our game world without compromising on performance.

[ruferium]

Day 987

Over the past four days, we have engaged in discussions with two potential capital firms. We have received feedback from one of them.

The Jul program has been undergoing algorithm training for the past three days, without executing transactions in the real world. The focus is on deepening the cause-and-effect relationships within the market. You can access the August transaction history here: Link

We have decided to change the design to align with the project deck.

Node testing is ongoing. We have new plans concerning the use cases for Ruferium.

Unfortunately, development progress remains inversely proportional to our budget.

[ruferium]

Day 968: Project Update

We are continuing the testing processes for the Layer 2 solution. The JUL algorithm will remain deactivated for an extended period, with its reactivation anticipated to occur in November. Further updates will be provided as we progress.

Thank you for your continued support and patience.

[ruferium]

Day 908: Ruferium on UniSwap: LP Token Locking and Distribution Model Mathematics

Overview of Ruferium Distribution

Ruferium is distributed on the Ethereum network through a mining contract. With a total supply of 100,000,000 RUFE, the token is delivered to participants via a transparent and decentralized mechanism.

The mining process allows the first 3,000 participants to receive additional bonuses, and every participant continues to earn a specific amount of RUFE annually. Our primary goal is to create a sustainable and decentralized ecosystem that benefits the community in the long term.

The Mining Contract
The mining contract enables the controlled distribution of RUFE tokens through the following structure:

• Participation Fee: Each user must pay 0.1 ETH to activate the mining process.
• Bonus Program: The first 3,000 miners receive a 6000 RUFE bonus per wallet upon activation.
• Mining Rate: Each wallet generates 3 RUFE per year once the mining contract is activated.

This mechanism ensures a steady and gradual release of tokens into the market while utilizing the collected ETH to support the project's development and growth.

Use of Revenues from the Mining Contract

The ETH revenues generated through the mining contract are being allocated to support the Ruferium ecosystem. To manage these funds effectively, we are developing an intermediary smart contract to channel ETH directly into the UniSwap liquidity pool.

The purpose of this mechanism is:

To increase liquidity.
To facilitate seamless token trading.
To maintain price stability in the market.
We are actively working on the mathematical structure and implementation of this system. Further details will be provided to the community in the near future.

Future Updates: Once 50,000 miners are onboarded, the distribution of revenues will be adjusted, and all revenues will be directed to RUFE holders. This shift is intended to maximize community benefits and enhance the token's long-term value.

The Mathematics of the Swap Pool
The swap pool plays a vital role in ensuring Ruferium's market liquidity. The current swap pool strategy is as follows:

A total of 18,000,000 RUFE will be distributed to the first 3,000 miners as bonuses.
Each miner produces 3 RUFE per year, which constitutes only a small fraction of the total supply.
Approximately 600,000 RUFE will be listed at a value ranging between 1 and 10 ETH (subject to ongoing mathematical and contract development).
Miners who have already paid the 0.1 ETH fee during the mining activation process are considered as project supporters and have already contributed to the ecosystem. In addition, they can actively utilize their Ruferium tokens by participating in the LP pool, supporting liquidity, and earning rewards in return.

Further details about how Ruferium holders can engage with the LP pool and the associated benefits will be shared soon.

Developer's Note
As a developer in the Web3 ecosystem, I fully understand the challenges of meeting investor expectations. To ensure Ruferium remains a truly independent and decentralized dividend payment tool, I have renounced my rights to the token.

The mining contract operates with complete transparency, and no one, including myself, can withdraw tokens except for the miners themselves.

Token Momentum and Liquidity Balance:

Establishing the swap pool will create momentum for the token, especially after the first 3,000 miners are onboarded.
The limited output of mined tokens compared to the circulating supply will naturally support price stability and liquidity balance.
Upcoming Updates
A detailed update regarding the utilization of revenues from the first 50,000 miners will be shared soon. While a significant portion of these funds is planned for the liquidity pool, investments are also required to support key sub-projects such as “JUL” and “Layer 2”.

I apologize for any delays in providing updates, but I am committed to ensuring every decision aligns with the long-term vision of the Ruferium ecosystem.

Conclusion
By adhering to the principles of decentralization, Ruferium is steadily growing into a robust ecosystem. With thoughtful revenue management, liquidity planning, and support for sub-projects, we aim to deliver sustainable growth while empowering the community at every step.

https://ruferium.com
https://etherscan.io/address/0x52f0d4a42e0e8c52cfcdd2feb73c8cc21fb25d7c