Ramifi Protocol Starts its IDO on DuckSTARTER Today

Ramifi’s Initial DEX Offering on the DuckSTARTER platform kicks off today in several hours. This Token Sale Launchpad will enable users to access public & special rounds for high-quality crypto projects.

The company decided to launch RAM tokens as a way to fight inflation, which is eating away at consumer’s purchasing power every month. Ramifi pegged the value of RAM tokens to a dynamic basket of commodities. A total of 100,000 RAM tokens will be available for purchase, each RAM at $1.

The company works with DuckDAO to give the crypto community Inflation Adjusted Elastic Currencies. Inflation is destroying the value of the dollar, but stablecoins don’t account for that. Ramifi Protocol has tried to solve the issue by using a floating peg, which is comprised of global commodity prices. Commodities correlate with inflation; after all, you can’t print gold, oil, or wood.

The company has recently stated that it is proud to have DuckDAO as a strategic investor & partner to achieve such an important goal.

Meanwhile, DuckSTARTER declared that they would conduct the Ramifi Protocol sale with some changes due to the community’s request. Users like the Batch Lottery system so that the company will keep it the standard for Bronze, Silver, and Gold Duck Tiers.

On the other hand, they plan to utilize a First Come First Serve (FCFS) method for the Platinum Duck Tier.

How does Ramifi plan to fight inflation with its new tokens?

Ramifi wants to take on the role of money in the future decentralized economy. It’s not the only one, though. Other companies or projects have also tried to do the same. And each attempt is growing more sophisticated than the last one, from USDT to DAI to Ampleforth.

Stablecoins aims to become a decentralized store of value, but they fall short due to being pegged to the US Dollar, whose value is continuously declining.

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Instead of creating a new medium of exchange, Ramifi plans to continue using it and simultaneously implement a built-in hedge that ignores any further increases in USDs supply, as well as the resulting loss of the purchasing power it inherits.

The company can do this by taking a snapshot of the current prices of the products and goods we use today. After that, it can adjust its stable coins relative to USD value via supply constriction, thus ensuring that it continues to have that purchasing power.