✅Ryu Chain is a chain with only 1 native currency and NFTs. The NFTs can only be Smart Contracts but the full potential is unleashed by using IPFS to enable the Software, Content or any other way of interaction with the contract. There is a lot of technology behind it and security, decentralization and real world Software use cases are the focus on it.
✅To guarantee that the NFT can only be used by the holder + the access is secure, the IPFS software/code will be bound to the blockchain. You can compare the IPFS app with a dApp which uses the NFT on chain code to guarantee security and to perform on chain tasks. This means that the code can only be executed by the holder (unless other defined in the “dApp”). This all is guaranteed by the SDK we are developing currently.
✅our plan is to raise enough funds to guarantee a stable price on ETH, same time we don’t want to ask for a very high tax to cover development costs and therefore a 30% of the raised funds will be a part of the development. I do not direct have access to those funds and my accounting department only can take care of it, while the funds are accessible to cover development costs.
The utility: the token can be in the next months bridged to Ryu Chain and on Ryu Chain it can be staked (Proof of Stake) or used to acquire software, develop software. Till then we are working on several NFTs which can be bought on ETH/XRP which can be used in a similar way but as soon as the ecosystem is ready those software will be moved to Ryu Chain
✅Ryu Chain doesn’t offer complex Smart Contract constructs and therefore the creator cannot take ownership of the smart contract. The IPFS part is integrated into the chain and therefore we don’t keep software on local computers.
People would say sounds reasonable but I would say it sounds perfect… as this gives less trigger for rugs, only real software.
✅About IPFS: it is completely decentralized by the peer to peer capabilities. Most nfts use that already but dont really use the fullest potential
✅ we have the SDK which will be developed only for the chain. Regular NFTs don’t support complex softwares, while the Ryu Chain will be able to provide that. Beginning the SDK will be mainly focused on web apps while we will also move to other approaches by time. The development just started and we will bring exciting features to Blockchain.
✅Ryu Chain will be pre-launching soon on ETH and XRPL at the same time with a bridge between both chains. In the next months we will as well launch a layer-2 Chain and the first market place for decentralized software🔥
Contract address
0x1f5FF3eAc61c7eacC457FE7631E69d5068d97da6