Transcription of Whitepaper - RING
1 WHITE PAPER - RINGDISCLAIMERTheRINGF inancialWhitePaper( Whitepaper ) ,oneshouldreadthiswhitepaperalongsidethe TermsandConditions( Terms ), secosystemtoallowthepurchaserstomakethei rowndecisionastowhetherornotitwishestopr oceedtopurchaseRingTokens( RING )anduseanyoftheRING ecosystemof , this Whitepaper is not a guarantee of the success of the (holderofoneorseveralRING-nodes),partner , or investor you completely understand the ,partnersandcontributorsshallnotbeheldre sponsibleforanyloss,damagesorlegal,finan cial,technologicalorotherproblemsthat may cultiesmayoccurandresultindowntimeduring transactionprocessing, , users might experience issues with processing (exploitableservervulnerabilities,malwar eattacks,givingawayconfidentialinformati ontoathirdparty,etc)mayalsosurfaceasuser sarerequired to secure their wallet , does not predict future , and be fully aware of your status of legibility concerning , ,andthefrequencyofrewardpayments(every4h ours)
2 That the protocol may bring you is an estimate and not a ,itisspecifiedthattheRINGDeFiproprietary allocationtechnologyisnotyetfunctional, currently imagines it to ,pleasebeawarethatthefollowingfactorsmay hinderthedevelopmentofRING:theevolutiono fthecryptomarketandthebeginningofalastin gbearmarket,instability,congestion,andpo ssiblebugsontheBinanceSmartChain,ahackth atallowssomeonetorecover(partorall)ofthe protocolfundsdespitetheprotocol ssecurityefforts,legalobstaclesandchangi ngregulationsthatpreventtheRING teamfromcompletingtheproject,andfinallyt echnical,human, ,astheyarebeyondthecontrol of the RING ,includingthiswhitepaper,willbeavailable onourwebsiteando our ,inthiswhitepaper,weofferanoverviewofRIN GFINANCIAL,amulti-blockchain project built on the Binance Smart Chain (BSC).
3 ,thegoalofthisprojectistoopenthedoorsofD eFitoanyone,throughamulti- (holdersofRING-nodes)toinvestintoseveral DeFiyieldprotocols,withoutriskingtheirmo ney trying to find the best protocols to invest ,becausewecanalreadya is a hostile ,RING aimstobecomeagamechanger, through this world full of IS WRONG WITH DeFiThetotalvaluelocked(TVL)inDeFiprotoc olssoaredfrom$14,000,000,000inDecember 2020 to an all-time high of $250,000,000,000 in november ,theTVLstabilizedat$230,000,000, sizable ,we cannot predict or ascertain how large it could be in the next few of ,DeFiprotocolscontinuouslykeepofferingne wwaysofmakingprofitfaster and , the world of DeFi without being exposed to the pitfalls of ,therearemanythingstopayattentionto,buth erearethemostimportant ones.
4 Page4 Lack of (andalsomanyscams), that a beginner cannot identify the right protocols to invest can unfortunately discourage a lot of , the transaction fees ,whenfarmingyieldsindividually, ,ontheEthereumblockchain,gasfeescanberid iculouslyhigh,leadinguptheswallowofexpec tedinvestor ,itisalmostimpossible to invest small amounts of money in some DeFi user ,whileothersmaynotunderstand what yield farming is for , same can be challenging for a novice to be up to is probably one of the most important points of this cientlycautious,hecan be easily ,hecannottakethem back. This is frightening many ,thereisanabsolutenecessitytodevelopapro tocolthat will facilitate the use of DeFi for anyone, especially is why wewant to designthe RING SOLUTION : RINGDeFi-as-a-ServiceWe aim to build (andscams) all the work ,theideabehindthisprojectisthatweproject toenableanyonetoinvestintoseveralDeFiyie ldprotocols,withouthavingtofindthebeston esall by oneself.
5 Without having to conduct any research (and be exposed to scams), Without having to pay for the fees of each platform, Withoutrunninganysoftwareordoingthemanua lswapping,bridging,staking, bonding, ,eachprotocolthatwillbeinvestedinwouldha vebeenverifiedbytheRING due diligence, so that the security of the investments is will be way less complex than doing all the work all us tackle this in detail:Reduced feesOncetheRING proprietaryDeFiallocationprotocolwillbeu pandrunning,onewillnot have to worry about paying a high amountof ,itcanbecomeoverwhelmingonanindividualsc alewhileconducting transactions and even when accruing ,poolingresourcestogetherwillhelptodistr ibutethechargesinasensibleand less cumbersome.
6 Youwon'tneedtoworryaboutchargesbecauseth eywillbespreadacrosseveryone' , leading to ,wechose the Binance Smart Chain (BSC) to reduce the ' , , over ,and the RING-node ,andthentoclaimthedailyrewards earnedinRING riskEvenifriskzerodoesnotexist,withRING, eachprotocolthatwillbeinvestedinwouldhav ebeenverifiedbytheRING duediligence,sothatthe security of the investments is ,oncetheRING technologyisoperational,itwillallocatepo oledassetstodifferentDeFiprojectsthatare reliable,andalsothatwillbevotedon by the whole ECOSYSTEMRingFinancialhasbeendesignedtoo penthedoorsofDeFitoanyone,through a multi-chain Yield Processing Node.
7 ,theideabehindtheprojectistoenablenoders (holdersofaRING-node)toinvestintoseveral DeFiyieldprotocols, , ,RING-nodesarethetoolsthatwillallowanode rtogeneratehigh-yielddailyrewardswhile reinforcing the sustainable growthof the rewards will bedistributed in RING ,thebenefitsoftheRING networkwillbethefollowing : Diversification Lowered Risk Less Fees Less Hassle Less Time Spent for ResearchThe RING tokenThe process of creating a RING-node is within anyone s ,oneneeded100 RING tokenstocreateanode,and the estimated daily rewards were 5,56 RING ,thecostofthecreationofaRING-nodehasnowb eenreducedtoonly10 RING tokens,andthedailyrewards have also been reduced by a factor of the time of the writing, the following equation is true :10 RING = 1 RING-Node 0,556 RING* every day , approximately.
8 Infact, , ,thisamountofdailyrewardsisnotfixed,itca nbemodifiedifneededintheinterestofthepro ject,forexample for sustainability are the 3 simple steps tocreate a RING-node: Step 1 : Buy RING onPancakeSwap[1] Step 2 : Create a RING-node with 10 RING tokens on ourweb Step3:CollectdailyrewardsinRING tokensgeneratedbyRING-nodes6timesaday,ap proximatelyevery4hours,onourweb ,weinsistonthefactthatthedistributionper iodof4hoursisan estimate, not a ,itcan tbeundoneanditgeneratesdailyreturnsinRIN G , for them.[1] Here is the contract address:0x521ef54063148e5f15f18b96314261 75cee23de2 Tokenomics Token name : Ring Token purpose : Governance token Token ticker : RING Blockchain : Binance Smart Chain (BSC) Original supply : Burned : New max RING supply : Rewards Quantity 0,556 RING tokens / day(at the time ofthe writing) Frequencyofdistribution every4hours(atthetimeofthewriting) Claiming:is possible at any time Monthly fees: none Renewal fees: none Cash out fees.
9 10%Distribution of Community Contribution* 10% to Liquidity Pool, as 50% RINGand 50% BNB 70% to Reward Pool, as 70% RING and 30% BNB 20%to Marketing / Team Pool as 100% BNBA stheprojectisstillunderdevelopment,the30 %BNBpartoftherewardpoolisusedtofinanceth edevelopmentoftheRINGDeFiallocationPage9 protocol,includingresearchanddevelopment ,cybersecurity,currentreward distribution system fees, and legal & compliance ,amongothers:ads,influencermarketing,pub licrelations,customersupport,infrastruct ure expenses, salaries.*This distribution can be subject to change over : community as a priorityWewanteachholderofaRING-node(nod ers) ,eventually,eachnoderwillhavegovernancep owerintheDAO(Decentralized Autonomous Organization)that RING aims to other words, they will be able to.
10 Submit their ideas Discuss about them VoteForinstance,userswillbeabletovotefor oragainstyieldfarmingprotocolsandotherty pesofDeFiyieldprotocolsthatthefutureRING DeFiallocation technology will will also provide means to submit other proposals through our ,whichisrathercommoninDeFi, ,OlympusDAOorPancakeSwapare also led by anonymous , ,onemathematicianandeconomist,oneproject manager, ,suchas:severalotherblockchaindevelopers ,one web developer, one web designer, and one mobile app are the key stages ofthe ,notethatwemaynotdisclosesomeelementsdue topotentialcompetitive be aware that we reached the stage 3 way earlier than expected,Beawarethatwereachedstage3muchf asterthanexpected,asRING grewbyleapsandboundsonly2weeksafteritsla unch,reachingthe1000 RING-nodeandthen10000 RING-nodethresholdmuchsoonerthanoriginal ly and new #1-Introducetheconceptandresearchprotoco lsthatmightberelevant for the project on different blockchains (BSC, ETH, AVAX, )