2019. 12. 2. 13:21ㆍ카테고리 없음
RING Token & RING Mileage
Today we will talk about RING Economy.
As we told early RING token is a utility token issued for the activation of the RING Platform. It is a cryptocurrency whose issuance volume is fixed and priced by the market. RING Mileage can be purchased with RING token in RING Platform and RING token can be paid as compensation for purchase, evaluation and sponsorship activities within the RING Platform.
RING Mileage is a payment method for the use of digital content and services in the RING Platform. RING mileages are priced at 1 RING mileage = 1 won (KRW) to guarantee exchange value when the customer is using them by converting them into RING mileages. RING Mileages can only be used inside the RING Platform and cannot be traded outside.
RING Platform provides RING token as compensation to customers who participate in events and bounty activities. Because business profits are generated when transactions within the RING Platform are activated, this is to be returned to the customer to induce further activation of the ecosystem. If there is a shortage of RING tokens to offer as rewards to customers, the company plans to purchase RING tokens from external exchanges and offer them as rewards to customers.
As such, RING Mileage, RING Platform, RING Token, and external exchanges have interconnecting, and as much as transactions are activated, profits are accumulated in the RING Platform, which increases the value of RING tokens.
Structure of converting existing mileage to RING Mileage.
Talking about structure RING Mileage I would like to talk that the general procedure of buying and consuming content through the RING Platform is as follows by converting existing mileages into RING Mileages between companies, customers and content providers.
For example, if a customer wants to use content that is worth 120,000 RING Mileage while holding 1,000 mileages (=100,000 RING Mileage), the customer must charge 20,000 RING Mileage (cash payment or purchase it with an external coin). Below is a schematic of these cases.
Today we talked about the economy of the RING Platform.
For more information check http://ringx.io