What Is Ramifi Protocol (RAM)?

Ramifi Protocol (RAM) is a community-driven platform designed to denominate inflation. The platform is a decentralized finance (DeFi)token that aims to solve traditional currency inflation and purchasing power issues through supply-based crypto-economic inflation. Crypto-economics refers to the combination of economic incentives and cryptography networks used to provide a secure and decentralized system. In the interconnected Ramifi ecosystem, users can make informed decisions about utilizing the assets. 

Running on Ethereumblockchain, the Ramifi ecosystem intends to serve as the interface for reliability tracking the trends. The Ramifi platform aims to enforce protocol rules and be an attributing commodity by increasing the durability of digital goods and securing them from individual businesses or credit risks. The protocol also seeks to make handling of dynamic supply adjustment easy with the help of periodic checkpoints associated with the blockchain. Moreover, Ramifi intends to be transparent and audited by third-party using the Ethereum network. 

The protocol aims to facilitate multi-user cases of financial instruments with an inverse relationship to inflation. Some of them are as follows:

• An alternative supply-based token financing system.

• Defi token for creating a crypto native unit of account.

• Alternative to the traditional currency worrying about accounting issues present in volatile assets.

• Scalable stable currency with an elastic supply protocol.

RAM is the native DeFi token used to empower the supply-based function on the Ramifi Protocol. The token aims to denominate inflation by pegging the value of the RAM token to a dynamic basket of commodities. In addition to this, RAM holders can use the native token for casting votes within the Ramifi DAO. This helps the holders serve as rational actors to govern the protocol and earn rewards in Governance token. Users can also purchase RAM through decentralized exchanges on trading platforms. 

History of Ramifi Protocol (RAM)

The Ramifi Protocol whitepaper was published on November 11, 2020. Later, the Ramifi Protocol was launched on March 30, 2021. Kyle Forkey was the founder and led smart contract developer of the ecosystem. Kyle Kahlenberg is the co-founder and Ramifi’s project manager. Both of them believe that if inflation is actively addressed, it encourages innovative solutions regarding the devaluation of traditional currency. The ecosystem calibrated the maximum supply of 280K RAM tokens.