Whitepaper

A - Introduction

Web3 has essentially transported users to a new universe where there are strict rules alongside unlimited freedom.

The foundation of this project is built on the principles of decentralization, with a token economy and an open, transparent swap system at its core. In this world, ownership is fairly distributed among individuals, preventing control from being concentrated in the hands of a single authority. Token holders not only contribute to the project but also have the power to shape the ecosystem according to their own decisions.

With the freedom that decentralization brings, our priority is to ensure equality among participants and to build a system open to innovation. However, this project goes beyond merely creating a digital space; our goal is to establish a decentralized game world where users can define their own rules. This vision opens the doors to a universe where everyone can contribute, hold power, and collaboratively build the future.

All it takes is imagination.

B - Economy

Ruferium operates as a decentralized and transparent ownership tool on the Ethereum Mainnet. It is utilized to finance future projects and to secure the ownership rights of community members in these projects.

The token contract, deployed at 0x52f0d4a42E0e8C52cFCDD2FEb73c8cc21Fb25D7c, holds the entire supply of 100,000,000 RUFE. From the outset, all tokens have been entrusted to a decentralized smart contract—free from central control, fully transparent, and governed by code.

Through the mining contract’s 'mine' function, each participant begins their journey the moment they sign. The system records the timestamp and, from that point on, users earn 0.0000001 RUFE for every second that passes. This is not just a technical mechanism; it’s a commitment to fairness and predictability. The rate is fixed, unchangeable, and reflects our unwavering promise to the community.

We are not just building a token; we are building an ecosystem that will continue to grow, fund projects, and push the boundaries of what’s possible.

1 - Mining Mechanism:

The Ruferium mining process is designed to distribute tokens in a decentralized manner while rewarding users for their participation.

• Mining Function:

  To begin mining, users must sign the mining function. Upon signing, a timestamp is recorded, marking the exact moment of entry. From that point onward, the user begins to accumulate RUFE at a fixed rate for every second that passes. The mining function has a signing fee of 0.1 ETH + Gas Fee, which is required to initiate the process.

• Withdraw Function:

  Users can withdraw their accumulated RUFE at any time by using the withdraw function. When this function is executed, the amount of RUFE earned up to that point is transferred to the user’s wallet, and the timestamp is reset to the moment of withdrawal, allowing for future earnings to continue from that point.

• Initial Distribution:

  To kickstart the supply of RUFE tokens and support project funding, the first 3,000 miners to join the process will each receive 6,000 RUFE per wallet, resulting in a total distribution of 18,000,000 RUFE. This early distribution is crucial for establishing liquidity in the market and creating an initial supply of tokens.

This mining mechanism ensures a fair and decentralized token distribution, while providing users with a clear and transparent way to earn RUFE tokens over time.

2- Swap Mechanism

In alignment with our principle of decentralization, a simple yet effective swap contract has been developed for Ruferium swap transactions. With this mechanism, users can exchange RUFE for ETH or vice versa.

• In Token Sell Orders, the tokens are sent to the smart contract. The corresponding ETH is paid directly to the wallet that initiated the sell order when the relevant function is signed by the wallet executing the transaction.
• In Token Buy Orders, the ETH is sent to the smart contract. The corresponding tokens are paid directly to the wallet that initiated the buy order when the relevant function is signed by the wallet executing the transaction.
• There is no obligation to purchase or sell the entire amount of assets in a buy or sell order.
• Orders placed do not enter the system immediately. They are subject to a preliminary review for 15 minutes. If the order is not canceled within this period, it will be listed by the smart contract.
• Listed transactions can be removed from the listing by the user, regardless of how much of the order has been fulfilled. Any remaining amount in an order will be returned to the user by the smart contract.

3- Ruferium Revenue Models:

Ruferium employs various revenue models to ensure long-term sustainability and profitability for its ecosystem. Each February, Ruferium discloses its annual revenue and distributes a portion to Ruferium token holders based on their share derived from the mining contract.

a. Revenue Streams:

• Mining Contract Revenue:

  Ruferium generates revenue through the mining contract, accumulating 0.1 ETH for each signed mining function. The earnings from the first 50,000 miners will be used by the development team for project development and advertising expenses. After the 50,000th miner, the revenue generated from each additional participant will be transferred to a dedicated smart contract. This smart contract will distribute the accumulated funds to Ruferium holders each February, ensuring that token holders benefit from the ongoing mining activities.

  In Token Sell Orders, the tokens are sent to the smart contract. The corresponding ETH is paid directly to the wallet that initiated the sell order when the relevant function is signed by the wallet executing the transaction.
• Project-Based Revenue:

  Ruferium engages in multiple projects that yield revenue across different areas:

JUL Operations: JUL engages in transactions within cryptocurrency markets, generating returns from low-risk strategies in the futures market.

Universe Project: In the Universe project, Ruferium manages and earns revenue from stable asset operations, adding another consistent income stream to the ecosystem.

b. Revenue Distribution:

The revenue earned through these models is pooled and distributed proportionally to Ruferium token holders. Token holders’ shares are calculated based on the number of tokens they hold in relation to the total circulating supply. This ensures a fair and transparent distribution process, rewarding users for their participation in the Ruferium ecosystem.

By leveraging diverse revenue streams, Ruferium aims to continuously grow its financial base while providing tangible returns to its community.

C - Projects

1. Jul: Cryptocurrency Assistant

Jul is a tool designed to capture price data and analyze various market factors to perform risk assessments. Through this evaluation process, it calculates a probability cloud by identifying low-risk transactions. The main objective of Jul is to achieve a 2% PNL (profit) gain in the futures market while using a maximum of 5x leverage within a 24-hour period.

Jul is entitled to utilize 25% of the revenue generated from the Ruferium mining contract. This revenue is strategically employed in market operations to optimize returns. Additionally, users can monitor Jul's transactions with a 10-minute delay, ensuring both transparency and reliability in its operation.

a. Annual Payouts:

Each February, Jul distributes the accumulated profits to Ruferium token holders through a dedicated smart contract. This payout allows Ruferium owners to claim their share of the previous year's gains. Any unclaimed funds by March 1st are reinvested into Jul’s operations, enabling the program to continue generating returns for the ecosystem.

b. Risk Management:

Although Jul aims to deliver steady profits through careful risk management and strategic transactions, it does not offer a 100% guarantee of successful trades. Like any system interacting with market forces, it is subject to fluctuations and uncertainties. However, its transparent operations and conservative strategies are designed to minimize risk and maximize returns where possible.

2 - Ethereum zkRollUp Layer 2 Project

The Layer 2 project is designed as a strategy-themed GameFi ecosystem where tokens and NFTs serve as core asset classes. Built on top of the Ethereum network, this Layer 2 solution operates on smart contracts, enabling a decentralized environment where players can engage in strategic gameplay, make informed decisions, and progress within a role-playing game.

At the heart of this network is a Proof of Stake (POS) consensus mechanism, ensuring security and scalability while maintaining decentralization. Additionally, the project leverages zkRollUp technology to address Ethereum’s scalability and cost challenges, offering lower transaction fees and faster processing times, making it ideal for an immersive gaming experience.

D - Transparency

As the Ruferium team, we place great importance on transparency and decentralization principles. In this regard, annual revenue distributions, the transaction history of the Jul Cryptocurrency Assistant, and project investments will be published on our website at regular intervals. All users will have access to this information, allowing them to transparently track project developments and financial status.

E - Roadmap

• August 1, 2024: The whitepaper has been published on our website.
• August 10, 2024: The Jul Algorithm has been activated and has begun market operations.
• Third Quarter of 2025: The beta test of the Layer 2 project is expected to commence.

These phases represent critical milestones for the development of the Ruferium ecosystem, and we are progressing according to the planned steps.