Ring RING

Ring price today is $0.00293654 with a 24-hour trading volume of $38.21. RING price is down $-1.39302% in the last 24 hours. It has a circulating supply of 6,085,257 RING coins and a total supply of 23,509,341.

"RingFi is the next generation DeFi release on the BSC network that is conceived to earn passive returns in the easiest and most sustainable way. The token model behind is an experimental approach to ''The circular economy'' concept, consisting of an Auto-staking feature just by holding the token plus a fixed APY that is sustainable over time and backed by a reserve of funds. $RING token is powered by rebases, that reward holders with a 0.02362% every 15min. This means an annual compound interest of 392,537%. This APY is fixed and it is secured thanks to the 14% and 16% taxes with buys and sells respectively. The tokenomics of $RING are meant to ensure the project's sustainability in perpetuity. The rewards received by $RING holders come from a fee charged to every user each time $RING is transacted, either through a buy or sell. This amount is accrued to a special wallet and designed to support the rebase rewards in $RING going forward algorithmically. The competitive advantages of RingFi are its unique mechanics like autoliquidity every 24h, the composability, thanks to the wRING, that allow users to farm with $RING and use it as collateral while still receiving rebases. In security standards, there is an audit performed by Cyberscope, the team has KYC'd to pinksale and locked liquidity for 100 years."