Token Economy

The Ruferium token economy is designed to ensure a fair and decentralized distribution of RUFE tokens, empowering users to participate actively in the ecosystem. Ruferium uses a mining mechanism to distribute tokens, with a clear and transparent process for earning and utilizing RUFE tokens within its ecosystem.

Mining Mechanism

Ruferium’s mining process allows participants to earn RUFE tokens at a fixed rate by interacting with the mining smart contract. The contract, deployed on the Ethereum network at 0x52f0d4a42E0e8C52cFCDD2FEb73c8cc21Fb25D7c, records a timestamp when a participant signs the mining function, starting the token accumulation process.

The rate is fixed at 0.0000001 RUFE per second. This ensures that over a year, one participant can accumulate approximately 3.1536 RUFE per year through the mining process. This mechanism guarantees a fair, decentralized, and predictable distribution of tokens over time.

The first 3,000 miners will each receive an initial bonus of 6,000 RUFE per wallet. This initial distribution adds up to 18,,000,000 RUFE, providing early participants with the opportunity to kickstart their engagement within the Ruferium ecosystem.

Swap Mechanism

Ruferium also provides a swap mechanism that allows users to exchange RUFE tokens for Ethereum (ETH) or vice versa. Through a simple and transparent swap contract, participants can engage in RUFE/ETH trading. The swap contract ensures that users can convert their holdings at any time by interacting with the smart contract, facilitating liquidity and accessibility for all participants in the Ruferium ecosystem.

With the swap contract in place, Ruferium becomes a flexible and liquid asset that can be traded openly on the Ethereum blockchain, further enhancing the token’s utility.