What is Darwinia (RING)?
Darwinia is a cross-chain messaging structure that provides a dependable and programmable cross-chain platform for decentralized operations. Grounded on cross-chain messaging, the platform provides a programmable terrain for cross-chain operations. Inventors can fluently develop decentralized operations with cross-chain capabilities through the Darwinia SDK.
Darwinia being a general-purpose cross-chain platform has the capability to break the boundaries of decentralized operations, bringing further possibilities. The platform provides different options for different security conditions, and can also give a combination of any security situation. It aims at providing cross-chain dApps for developers with colorful security options, and they only need to choose the applicable service according to their security requirements.
The project runs on LCMP, which is a light-customer cross-chain messaging protocol (former name Darwinia ground dispatches protocol). It allows one blockchain to send dispatches to another chain as long as they've established messaging channels with each other.
The RING token is the native token of the Darwinia Network. Check out the Darwinia Network price chart above to see the current RING price.
Use Cases of RING Tokens
The RING token has a lot of utilities on the Darwinia Network and beyond. One of the use cases includes acting as means of payment for network fees. Darwinia Network fees include transaction fees, gas fees, smart contract fees, message fees, and more.
Also, RING tokens are used as governance tokens that allow for a unified multi-chain governance mechanism.
Moreover, the tokens can be staked to generate rewards, which are also paid out in RING.
Besides, RING can also be used as a token for multi-chain gaming on the metaverse. With RING you get to interact across multiple metaverses, as well as exchange assets across multiple chains in one single transaction. You can pledge on one chain and lend on another.
On the Darwinia Network price chart featured above, you can find the latest RING price and observe its latest movements.
Who Founded Darwinia?
Darwinia was founded by Alex Chien and Denny Wang in 2018. Alex is a blockchain and smart contract specialist and a senior technical advisor, while Denny is a full-stack and front-end developer with years of experience in blockchain technology. They were both early adopters of Bitcoin, learning and working on projects together since 2011.
RING Tokenomics
The maximum supply for RING tokens is 10 billion. The token allocation is as follows:
- 30% for financing purposes;
- 20% for the foundation;
- 15% for the team;
- 20% for the growth of the community;
- 15% for marketing and business development.
All of these are subjected to a strict vesting and release schedule to ensure the stability of the Darwinia Network and the RING price.
