What is RingDAO (RING)

1. Programme Name 

Darwinia Network (RING)
 
2. Project Introduction

Darwinia is the Web3.0 cross-chain bridge hub built on Substrate. Its major applications include Defi, NFT, Game. Darwinia is also written in the Polkadot light-paper.

RING is the native token of Darwinia and the primary asset of the Metaverse game Evolution Land.

Evolution Land will have 26 continents, each of which is deployed on a different public chain. Users pay RING for NFT land auction and mine resource tokens. Users play to earn from the Gamefi Farm and enjoy the fun of cross-chain trading, wars, and architecture.

Evolution Land has integrated multi-chain NFTs and 10+ projects including Polygon, YGG have won the NFT land auction and build communities in Evolution Land to evolve into a more open Metaverse.

3. Distribution

Note: RING's initial supply before Darwinia Network mainnet release is 2 billion, after which the newly issued RING will be distributed to the validators and nominators (Staking participants) and payment of system proposal budgets (such as NFT mining or App mining, Polkadot slot bidding incentives, or for eco developer support). After the Darwinia Network mainnet goes live, the total cap of the block reward is adjusted once a year. The total number of HARD_CAP for RING is 10 billion.

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.