RAM price analysis The price formation mechanism of RAM prices is very different from other assets. It can be said to be unique and has great research value as well as reference significance. The first is the reciprocity mechanism of the Bancor protocol. This price, called P, is actually obtained by dividing the larger and larger group of eos numerators by the remaining smaller and smaller group of ram denominators. This determines that the later, the more intense the price fluctuations will be. P=Total amount of EOS purchased/Amount of memory remaining. Second, for regular BTC, when you buy BTC, it means someone else loses BTC but gets your money. When the price increases, the original BTC holder actually loses money. This is a zero-sum game, only one of you can win money. As for RAM, when you buy RAM, your money is not given to anyone else but the system will save it for you. The system will never disappear, nor is the currency and is not affected by policies. When you want to sell RAM, it will always be ready to give you money. This is the legendary interaction between man and computer, the only currency transaction, unique in the currency circle. When prices rise, everyone comes together to make money and have fun. When you want to buy Bitcoin, Bitcoin holders want to sell it to you, which hinders the price increase. When you want to buy ram, the person holding the ram doesn't need to sell it to you. You buy from the system, and the system is a security protection protocol, the more you buy, the system will increase the price according to regulations. Bancor protocol, treats you like a hacker. This is why ram increases faster as you go backwards,
4 OUT OF 5 EOS WILL BE BURNED UNDER THE NEWLY APPROVED PROPOSAL
- According to the ENF CEO, an approved community proposal would see the EOS supply limited to just 2.1 billion tokens.
- To facilitate this, the remaining tokens from EOS's current 10 billion supply will be burned, resulting in a staggering supply reduction of nearly 80%.
- The new proposal could see a resurgence of interest in the EOS ecosystem itself, which despite raising $4 billion via ICO in 2017/18 has largely fallen out of favor with the community crypto.
- EOS Foundation took over project management from controversial company Block One in 2021.
- The fund saw conflicts with the project's previous management, amid allegations that Block One did not invest the majority of its $4 billion ICO funds into the ecosystem.
On May 30, according to Newdex data,#EOS#RAM price increased to 0.9263 EOS/KB, an increase of 8.36% in 24 hours and a cumulative increase of more than 1,400% since the beginning of the year. 🚀🚀🚀
theblockbeats.info/en/flash/251851
RT @BigBeardSamurai: 15/13 💪
Two more signatures until the New Era for#EOSbegins!
We're on the Cusp of a New Era of $EOS Tokenomics! 🚀
The multisig proposal is now officially on-chain and it is up to the top 21 block producers to determine the future of #EOS! 🌏
Track the BP MSIG Approvals 👇 msigviewer.netlify.app/mainnet/larose… x.com/BigBeardSamura…
- Burn 80% of future total supply 🔥 - Turn off inflation - Cap supply at 2.1B tokens - 4 year halving cycles - Mint ~950M $EOS - Staking rewards w/ lockups - $RAM market support
I'll be meeting with the BPs this evening to propose the new tokenomic model for #EOS 🚀
$EOS Cập Nhật 24/7 Đang có bỏ phiếu cho các Thay Đổi của mạng lưới EOS
🔑 MSIG - New Era for EOS https://msigviewer.netlify.app/mainnet/larosenonaka/tokenomics
To view on Bloks.io https://bloks.io/msig/larosenonaka/tokenomics
Proposer: larosenonaka Proposal Name: tokenomics
Includes the following: - System & contracts upgrade v3.4.0 ( eosio & eosio.token ) https://github.com/eosnetworkfoundation/eos-system-contracts/releases/tag/v3.4.0-rc1 - EOS Tokenomics https://github.com/EOS-Nation/eos-tokenomics
1. Earliest MSIG execution: 2024-06-01 UTC 2. B1 Unvest 3. Set Max & Issue fixed Supply 2.1B 4. Transfer to EOS Distribution 5. Set Vesting Schedules 6. Set eosio.savings distribution
Testing & Security Code audit - ✅ BlockSec security audit completed, no critical issues found - ✅ All audit recommendations resolved in RC2 releases - ✅ Deployed on Kylin & Jungle4, tested all new system actions & tokenomics mechanics
EOS Network Foundation ( @EOSFoundationCN ) on X Inspired by $BTC,#exSattokens will be distributed in a fair launch:
📊 Total $XSAT supply is 21 million. After the first synchronization of over 840,000 blocks, a halving plan will be implemented to control inflation and maintain the economic viability of the token;
📣#exSatwill encourage active and continuous participation in the network, with reward policies including: data synchronization, transaction verification and token staking, etc. #exSataims to transform BTC from a transaction-centric ledger into a powerful platform capable of supporting a variety of financial and non-financial applications. The white paper reveals the reward distribution strategy that the token economy will adopt:
1. $XSAT will be distributed fairly 2. The total amount is 21 million after the first synchronization of more than 840,000 blocks, the halving plan will begin. 3. Active and continuous participation in the network is encouraged, and actions such as data synchronization, transaction verification, and token staking will be encouraged.
EOS utilizes a free-market system for the allocation of its limited resource, RAM. Through EOS system contracts, users can buy and sell RAM, using the blockchain’s native EOS tokens. This process not only ensures liquidity in the RAM market but also aids in discovering the right price for RAM. As the availability of unallocated RAM decreases, an automated market maker (AMM) increases the price for the remaining RAM. This market operation is governed by the Bancor Relay algorithm, which plays a key role in this dynamic pricing mechanism.
History of EOS RAM
In June of 2018, The EOS blockchain launched with 64GB of RAM. A proposal to incrementally increase the RAM supply was subsequently enacted to support network growth and keep dApp and account creation costs reasonable. Over the years, this led to an annual RAM increase of 64GB. However, as the supply of RAM began to exceed 400GB, concerns emerged about overabundance, undervaluation, and hardware constraints. Notably, higher RAM requirements increase infrastructure costs for node operators, raising the barrier to entry and potentially hampering further decentralization of the network. These factors culminated in a new proposal to stop RAM inflation that reached consensus among a supermajority of block producers on December 17th, 2023.
Investing in RAM EOS is like starting to invest in Chinese real estate 30 years ago. EOS RAM is a scarce resource in the blockchain and WEB3.0 ecosystem, and with the rise of blockchain projects, its demand and value continue to increase. Every blockchain investor should allocate some RAM in addition to BTC. By diversifying your investments, you can maximize investment returns and ensure stability in your portfolio. By holding EOS RAM for the long term, you will enjoy high returns brought about by market maturity. Compared to the real estate market, EOS RAM has stronger liquidity and can be quickly liquidated in the Bancor algorithm smart contract integrated in the EOS system to flexibly respond to market changes. school. Invest wisely and take control of your future. Invest in RAM EOS, join the RAM blockchain revolution and start a new chapter for your wealth!
Development of our RAM rental service is progressing as planned, with a beta version scheduled for release in June. Now I would like to share my current situation. We hope that all RAMS members will give valuable input and help us create the first good RAM application using the DAO approach. Your friends in the RAM community can also join the discussion.
RAM loan: divided into fixed interest rate and variable interest rate
Fixed interest rate: Rental fee is charged per block (interest rate determined by RAMS DAO). Simply put, block can also be understood as the number of daily recharges, etc. For example, if you rent 100 MB of RAM, project participants will use it and pay daily fees in *** tokens. The advantages of this form are unified regulations, fixed interest rates, and can cover rental costs for dozens or hundreds of parties participating in small projects.
Variable interest rate: An interest rate that fluctuates depending on project payment fees and can be understood as an interest rate plan that is flexibly negotiated with parties participating in large-scale projects. For example, exSat rents 30G of memory and is willing to pay the maximum amount of Sat, RAMS, exSat and other tokens.
These two methods correspond to different levels of the project.
Reward: The majority of profits go to strRAM owners, i.e. users who mortgaged their RAM to the rental pool. Staking RAMS also gets rewards
The EOS Network Foundation has launched Spring 1.0 on its Jungle testnet, including the new Savanna consensus algorithm. This upgrade promises to increase EOS transaction performance by over 100x compared to previous versions, bringing immediate finality to transactions.
Spring 1.0 brings new features designed to improve the security and privacy aspects of the EOS blockchain. The group's BLS signature allows transactions to be verified in very short milliseconds. However, the upgrade introduces the regular Block Producer position to Block Proposer and Block Finisher. This aims to decentralize network governance and improve efficiency by separating transaction creation from block confirmation.
The EOS Network anticipates a transition to a mainnet supporting Spring 1.0 at the end of July 2024, with a hard fork scheduled for July 31. This transition period will ensure that all nodes are upgraded to accommodate new features and improvements provided by Spring 1.0
The glory of RAM, the glory of EOS, and the glory of EOS will appear again. SOL, popular today, is just a castrated version of EOS.
In April, the RAM token proposal was approved and the currency name will be WRAM after approval. RAM will soon be traded on centralized exchanges and everyone can package their RAM into WRAM. I wish WRAM was listed on the exchange. Ultimately, many people will not use EOS wallets. RAMS is a token that can participate in the btc l2 dividend and is also minted in RAM. BRAM is a RAM packaged product manufactured by Defi Dabao, the leading company in EOS. The advantage is that it can be used for market making, mining, collateral, etc. If you want to get RAM in advance, you can join the community. Friends in the community will guide you on how to use the wallet and how to trade RAM. Perhaps, we can help Keynes realize his dream. Recently, I saw that Binance was screening new projects for listing, and I felt that the conditions were simply tailor-made for RAM. Everyone is supporting Binance Square and seizing the opportunity. The trading volume of RAM and EOS on-chain has exceeded Binance. RAM hopes to be listed on Binance. Binance is also a supernode of EOS.
RAM-the only Bancor protocol in the currency circle Old-timers in the money world are familiar with the Banco Arrangement, which is an international unified monetary theory proposed by economist Keynes, superior to Hayek's free money theory. The Bancor protocol adopted by RAM is a modified version and is used as a protection protocol for the EOS security system. RAM is the memory resource of the EOS public chain When someone tries to perform a saturation attack, a large amount of memory resources, specifically RAM, will be occupied. At this time, RAM prices will increase sharply, making it impossible for hackers to do so. enough and the attack will fail. It is a privacy protocol that EOS enthusiasts have discovered as an investment opportunity. Since RAM is inherently a computational resource on EOS, it is naturally worth the investment. Any project that wants to use this public chain will need to take up a certain amount of RAM resources. This results in RAM being essential. In 2018, right after EOS launched, someone discovered the value of RAM. It took just 13 days to go from 0.017 to 0.9. As a result, the account registration fee for EOS is too expensive (account registration requires RAM). and there have been complaints. Just approved granting more RAM. The RAM hypebeasts have left, but EOS also dropped from 3rd place to the top 100. It was a painful lesson. Six years later, RAM passed a community vote and unanimously decided to discontinue the release and never release more. RAM has started to increase again.
$EOS Part 2 EOS RAM: The Keystone of Blockchain Performance and Efficiency
EOS RAM is essential for the blockchain’s operation, going beyond mere storage, it preserves the working state of the chain in physical memory to achieve performance objectives. This state encompasses elements such as contract tables, account permissions, and structures that facilitate light validation, among other aspects. EOS users are effectively “billed” for their use of physical memory through RAM, such as operations like adding new table rows. This process ensures efficient data access and transaction processing, essential for the seamless operation and growth of EOS applications. In contrast, less critical data, like historical information or data not involved in protocol consensus, is stored on slower disk storage. RAM is not just a storage medium but a foundational component underpinning the entire performance and capability of the EOS ecosystem.
$EOS Part 1 EOS RAM: The Hidden Gem of Blockchain InỈnastructure
Disclaimer: None of the information provided in this article constitutes financial advice. It’s important to remember that engaging with DeFi carries inherent risks, and individuals should conduct thorough research and exercise caution when engaging with DeFi projects.
Following a strategic move to halt RAM inflation on EOS, the blockchain community has experienced a surge of interest in RAM, noting its limited supply and catalyzing a significant price increase—RAM values have soared sixfold from their historical lows. Amid this wave of heightened demand and rising prices, RAM emerges as the cornerstone of the EOS network, essential for its operation and overall effectiveness. This exploration will delve into the critical role of RAM, examining how its scarcity, dictated by the hardware limits of node operators, enhances its intrinsic value. By navigating the user-led market for RAM trading, regulated by the Bancor algorithm to maintain equitable pricing and liquidity, we will shed light on RAM’s indispensable role within the EOS ecosystem, affirming its status as a key network resource.
$EOS Continuing updates on the situation RAM on EOS And future EOS price
After the Hacker attack on defibox When defiboxing, you must save RAM (in reserve) against attacks
defibox's risk buffer is enough to offset BRAM's losses but the most affected pool is uúdt
Some of the considerations mentioned are using EOS to exchange for RAM, waiting for more RAM to increase in price to compensate for the current USDT shortage. So the roadmap: estimated expected price of ram is still 5 eos/kb, completely happening soon and has enough basis for it to happen.
This reduces the supply of EOS on exchanges and holders Helps Compound Growth
$EOS RAM on EOS To know more about RAM on EOS, please read the link below: $EOS Withdrawing EOS from the exchange to store on the EOS Blockchain and converting to RAM will optimize your profits and greatly help EOS.