August 2nd, 2018 at 9:25 am UTC · 3 min read
The cryptocurrency market has seen some bad conditions which partly resulted from CoinRail and Bithumb hacks this year. While there is a growing concern over the safety of cryptocurrency exchanges mushrooming all over the world, Ruby-x has introduced itself as a whole new level of cryptocurrency exchange and announced that its beta service will finally launch on 10 August.
Ruby-x aims to surprise the users with its transparency in management, safety in trading and evolution of services.
The core team members of Ruby-x include many IT and security professionals from globally renowned companies such as Samsung, LG, Hitachi, and Hyundai along with many financial specialists from Paysafe and BCcard. The team provides cold wallets of which users can self-adjust the usage rate from 70% to 100%.
This cold wallet system will eventually prevent any hacking attempts and hence make the exchange platform more stable. Also, the users who use the cold wallets with 100% use rate will be able to take a service called “Ruby Vault” from which they can receive a certain amount of fees.
On 10 August, the sale of Ruby token (RBY), the main currency of Ruby-x, begins along with its beta service.
The upcoming token sale will be the first and the last public sale of Ruby Exchange, and the participants can purchase the tokens at its half price during this public sale only, also pay all the transaction fees with them on Ruby-x.
Moreover, Ruby-x is currently holding diverse grand opening events, giving out $10,000,000 worth rewards to the users. This time Ruby Exchange is bringing its giveaway event to a whole new level.
Ruby-x is giving out prizes that are much bigger and much more attractive than anything you would have heard before – a MOBILE HOUSE. On top of that, Ruby-x has prepared many more prizes and awards for our winners, including an opportunity to become Ruby fund-crypto managers.
Ruby-x is a new concept of cryptocurrency exchange that provides an integrated trading service based on blockchain technology. Ruby-x will issue its own token, Ruby (RBY), which will be used as the main currency on its platform. The goal of Ruby-x is to construct an ecosystem with transparent management, secured services, and an expansible platform.
According to Ruby Exchange’s 5-year-roadmap, Ruby-x is planning to support funds, technology, and information trading services, not to mention the cryptocurrency. For further details, check out the official Ruby website (https://ruvy-x.io/token).
Ruby Exchange has announced that its token sale will begin on 10 August to 17 September 2018.
The Ruby token, RBY, is designed to be the key currency of Ruby Exchange and be used to pay all transaction fees with RBY. The upcoming token sale will be the first and the last public sale of Ruby Exchange, and the participants can purchase the tokens at its half price only during this public sale.
The token price will increase after the sale, and the price of 1 RBY will be equivalent to USD$0.5, once the official Ruby Exchange is open. Only 10% of the total supply will be available to the public on this sale; which is 2 billion out of 20 billion Ruby tokens without any soft cap.