We are pleased to announce our next AMA on April 6th 2021 at 03:00 PM UTC Time: Satoshi Club x Ramifi
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Ramifi Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Ramifi Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Ramifi
For more details:
Ramifi Website – ramifi.org
Ramifi Telegram – @ramifiprotocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello! Do you have any Coin Burn/BuyBack systems or any Token Burn plans to increase the value of the Token and attract Investors to invest?Thanks
Currently there are notable problems with stablecoins like Tether (USDT) that have not really shown any transparency in relation to their dollar reserves like many other Stablecoins. What is the advantage that RamiFi brings to the market to renew and Make a Difference? There being so many Stablecoins on the market that offer innovative for the benefit of the holders?
Looking closely at the current market capitalizations for different stablecoins, the total dollar value of these markets has a continually degrading store of value that has not been accounted for. Being RamiFi another Stablecoin, what extra functions does it include in its platform to solve this problem?
Currently there are many issues that are destroying the world economy, the most notable of which is inflation and its damaging effects on the economy of each person. How can the Ramifi Protocol mitigate the effects of inflation? What are the effects on portfolios and the market as a whole?
It is well known that there places where hyper inflation is a pretty big deal, their native coin is useless because of how devalued it is, and the other payment method is thanks to the US Dollar, but even it’s value is out of reality and manipulated by people depending on how it better please them. On these kind of countries Ramifi could be an excellent altertanive, so, how do you plan to get to these places where a stable coin is very much needed, specially if these places are ignorant to the crypto ecosystem and it’s possibilities?
I read that Ramifi aims to provide a solution to the US dollar constantly inflating and losing value situation, but one thing that is concerning me is that even if Ramifi is capable of completing this goal of giving a stable coin to its users, you won’t have a stable transaction fee because of Ethereum. Can you tell us how will you mitigate this problem that comes with the fact of being build on Ethereum and provide a general stable service to everyone?
I read on your whitepaper that Ramifi won’t track Bitcoin in the same way the rest of the market does due to its supply based token mechanics. Can you explain us a bit more this because I can’t comprehend it quite well why do you need to track Bitcoin if you are supposed to be a platform based on commodities? Also, how will you track Bitcoin in a way that makes it different from others on the market and how will this make you a better option for users? What are the advantages in general you get for Ramifi’s growth thanks to this?
Creating a floating peg that is directly influenced by the actions of demand and supply of commodities around the globe rather than the over reliance on USD is truly innovative as it tends to somewhat cushion the effects of inflation. Consequently, these tradable commodities have also been prone to inflatory prices over the years and most commodity trading activities are done against the USD. Since Ramifi Protocol can’t directly influence trading activities on the commodities and also the availability and scacity of commodities, how can it truly guarantee a stable peg?
In order to maintain parity and balance in prices of the different tradable commodities from around the world, Ramifi protocol will most certainly require fast, reliable and accurate data feeds from multiple commodity exchanges in order to perform it’s basic tasks. How does Ramifi Protocol identify, source and accumulate these numerous data feeds without compromising on reliability and accuracy of information?
As everyone knows, in recent years stablecoins like Tether (USDT) have had devaluations of more than 20% due to high costs of goods. Why are they linking our stablecoins like USDT and synthetics like Ampleforth? If they are supposed to be looking for a solution to inflation.
I understand that Ramifi is a project whose objective is to assume the role of money in the new decentralized economy that is being built. How smart is this project? Are the solutions they present just
In today’s market there have been many clever attempts, each of which has become progressively more sophisticated than the last from USDT to DAI to Ampleforth. USDT gave us an easy exit ramp to escape the volatility inherent in the crypto markets. DAI did the same without the need to trust that a third party had the reserves to pay his debts. AMPL went one step further without the need for excessive asset collateral for its production. Does RamiFi make a combination of these 3 stablecoins, please describe what are the RamiFi projections and benefits?
In recent years stable currencies such as Tether (USDT) have had devaluations of more than 20% due to high costs of goods. What technological tool does Ramifi apply to enforce protocol rules and ensure stable parity is maintained?
Stablecoins aim to become a decentralized store of value, but they all fall short as they are pegged to the US dollar, which is continually declining in value. Will they create a new medium of exchange? Currently the $ suffers devaluations. What functions do you implement so that it is not harmed?
I understand that RamiFi intends to create a complete solution to all the inconveniences that the various Stablecoins currently present and hopes to change the standards for both money and cryptocurrency stablecoins. Could you tell us how a little more about the strategies to implement so that your solution is viable? Do you intend to continue using the current medium of exchange?
What strategies will Ramifi Protocol implement to solve the problems with ma supply and demand in the exchanges?
How does Ramifi Protocol solve constant and unavoidable inflation? What are those strategies that you implement to execute this?
What is the total distribution of $RAM tokens? And what benefits do the users that provide liquidity to the Ramifi Protocol ecosystem get?
I saw on your tweets that Ramifi will be doing an Educational Bounty Program that will be held on your main community Telegram to help new users understanding Algorithmic Stable Contracts, I think it will be a great opportunity, is there a date already for this and is it for free access? How can we participate?
The US dollar is constantly inflating and losing value. Stable coins suffer from the same problems due to this fact. How does the Ramifi Protocol solve this? How will you eliminate the constant need to use the USD?
Ramifi aims to remove the need of USD as the main coin reference to most of the stable coins, so how is this procedure sort of? How does it connect with the real world and the dynamic market?
When you invest in the Ramifi ecosystem, your percentage of ownership on the network never changes, even when the price does. Can you explain to us what happens when the protocol increases in size, instead of the RAM token increasing in value?
I really like this project because they technically detail what they are offering to the market, on their road map for Q2 2021 the community subsidy program begins, could you expand this information a little more and what this program consists of
By which mechanism is RAM token pegged to multiple commodities, and in what proportion? How is the value backed to ensure it won’t eventually go down?
which commodities are part of the pool that defines RAM token value, what makes them more profitable or stable than US dollar, and how would it be safer to save money in RAM token, knowing that commodities are highly volatile?
The Ramifi protocol utilizes a “countercyclical pressure to mantain price equilibrium”, you have a very specifical and technique explanation on your whitepaper, but can you briefly describe for us how does this mechanism work and what are the advantages over other dollar-pegged mechanisms?
In relation to community engagement, I found out that Ramifi will launch Educational Bounty Program. Can you please elaborate about this program and the impact for community development?
Can you please describe Ramifi’s tokenomic supply? Why should Private sector need bigger supply?
I understand that the price of the USD is affected mostly in the binary markets, right? or is its value really affected in the cryptographic? If so, then why do almost all chains develop their stablecoin based on the USD if in the end its value is changing?
You mention that Ramifi is mostly an alternative investment since Ramifi will not track Bitcoin in the same way as the rest of the market, but are stablecoins really affected by BTC as well? o RamiFi will have more coins?
I understand that the value of the US dollar is constantly fluctuating its value in the market, but is it really the same with the local currencies of all countries? Or really if I develop a stable currency based on the EU will it remain more stable?
I understand that the Ramifi Protocol is a synthetic asset that uses elastic offer technology, but is this elastic offer technology the same elastic mechanism used in other projects in which they block the tokens based on their level in the market? or is it a more advanced mechanism?
When RamiFi is fully developed with its RAM tokens, do you think it can be implemented on top of conventional stablecoins on the market? or despite being affected by inflation, the usdt will always have greater volume?
Most stablecoins normally stagnate, but if you say that Ramifi is “infinitely scalable”, could you tell us how he will achieve that “scalability”? was it simply for being dollar agnostic?
To achieve a greater volume of your stablecoin and then achieve adoption, you need to list them in the most recognized exchanges, I understand that on 04/03 it will be your private sale, where will it take place? And after it, where can we buy them?
Really many countries do not have stable currencies, because they are affected by hyperinflation, to such a point that the same value of the USD is affected, in countries like this, Ramifi could be an alternative and a solution for them? If so, how do you plan to reach those countries?
Ramifi Protocol is a project built to fight inflation. Yes we know, but you launched your tokens on ERC-20 and on a exchange uniswap. I tried to buy RAM token yesterday and the fees were too high. I did some calculations and i got to know that the USD inflation rate between 2018-date is even smaller compared to the charges if i want to buy RAM. ($10 stuff is just $10.47 now +4.7% inflation rate but to purchase $10 RAM, you would have to pay a fee of about $15; i tried it)
I know you have a reason your choice. Can you tell us why? Can’t you use any other network or platform? Are you planning on launching on any other network soon?
Transaction fee is a very major consideration for most people. USDT, DAI and others have low fees.
Ramifi is said to introduce the $RAM token which will help solve inflation by pegging the values of $RAM token to a dynamic basket of commodities, what are these basket of commodities and how many of those commodities are available. I will like to know how a user can benefit from all these also.
In your roadmap there is a torrent liquidity program that offers continuous rewards for user s who stake their liquidity for some periods of time, how long do you need to stake before you start getting reward because it is also written there that the longer you stake the more your reward. Can you also put me through the process of staking your liquidity and on which platform.
Going through the $ram token distribution, 18% of the total token is to be used in ecosystem, i did like to know the basics of the ecosystem because to start with I don’t even know why 18% is going to the ecosystem. I will like to ask the question why ecosystem?
Ramifi is said to use weighted index to determining the purchasing power of dollar, i will like to know the type of weight index used maybe the price weight index or the market cap weight index?
In the aspect of your commodity feeds, you decide to use Quandl which is a centralized feed, how do you plan to decentralize it because left to me i think using a decentralized api should be in your plan just for security and reliability from users.
The $RAM token is said to help solve inflation but in what ways, i did like the explanation in a lame man language
A explanation i did like to give other people and they will easily understand and it will help build adoption also.
On your Twitter handle, you posted about torrent liquidity mining program. Interested in knowing more, i checked your rocket doc and all i can see about it was “The more liquidity you provide, and for longer, the greater share of the RAM pool you receive” “More information coming soon!”. Can you give us a little of that more information? How are you going to run the torrent liquidity mining program? What would be the reward? For how long will i have to stake? Tell us more
You talked about educational Bounty program to “help newer users understand Algorithmic stable contracts and stop spreading of misinformation”. That’s a nice move. But i have been in the telegram group since the day i saw the announcement but till now nothing has started. Are you still going to organise the program? Any progress or support needed?
Ramifi uses a weighted basket of commodities to peg it’s value and avoid ties to a dollar. Do you plan to revisit composition of the basket periodically or maybe if anything global happens, like a drought that may affect agricultural prices globally. What would the algorithm do if we have a repetition of the recent oil market dip when oil futures prices went negative?
You had your first IDO last month on duckstarter, i missed it. Do you plan on having another IDO? or have you met your target? You didn’t talk about your target marketcap; soft and hard cap in your whitepaper or anywhere.
Ramifi promises that users’ percentage ownership in the network will not change even when the price changes. When the protocol increases in size, instead of the RAM token increasing in value, the amount of RAM in our wallets will grow. How will it work, will you periodically send new tokens to users wallets? Even more interesting case – what will happen if ramifi ever decreases in size due to lockup or other causes. I imagine it will be impossible to withdraw tokens from users wallets without their consent.
Ramifi synthetic asset looks very promising, money based on a global commodities index! But to be widely adopted money needs to be global and available on multitude of exchanges. Do you plan to expand cross-chain? As an added benefit you can alleviate high ETH fees that would scare people away if Ramifi is only available on ETH net.
In your 2nd quarter 2021 roadmap part of your growth is your will have a Saiga Event(Protocol Migration). So can you explain more about this event in your platform? What is the main purpose of this event? Why is there a need of migrating of protocol? Generally,how this event will give a better impacts to Ramifi network,to Community and to your investors? Thank you
Ramifi will be kicking off an Educational Bounty Program that will be held on your main community Telegram to help newer users understand Algorithmic Stable Contracts and stop the spreading of misinformation. So how will this Educational Bounty Program run in your group? Do we need to register to be able to participate in this program? Can you tell us the process on how to be able to attend this program? Is this free educational program or we need to pay to attend? Can we bring friends also? What motivation are your preparing to attract more people in the community to be part of this Educational Bounty Program? Thank you
I have a friend that got $RAM right from launch but the number of coin keeps fluctating while the price of $RAM keeps reducing. We had different thing like rebase, $RAM Protocol e.t.c, please can you explain what is really happening? I know of different people with same issue.
In your official telegram, you said as quoted: “Ramifi is not a stable coin, it is a stable contract. What do you mean? Can the price be subjected to frequent change and sometime pump and dump action? Can the price become widely different in price when compared with usd anytime soon?
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. How often do the adjustment of $RAM tokens? What will be the percentage of fluctuation of user demand and dollar purchasing power needed to adjust $RAM?
I read your site about CPI ( Consumer Price Index ) for tracking inflation, what is the negative effect of using this methode? What solution can give by CPI beside tracking inflation?
Ramifi acts as an USD inflationary measure through an innovative elastic supply model. But beside your product CPI, do you have plan to add another feature for example NFT or other like yield farm and stake?
ramifi is an elastic supply protocol based on commodities, what commodities is use to create the peg? Did u know the price to fluctuate just from the pegged value? Is there any system built to push the price back to the peg back as normal?