Ramifi Protocol RAMPrice $ 0.00716

Ramifi is a project whose aim is to take on the role of money in the new decentralized economy being built. There have been many clever attempts, with each growing progressively more sophisticated than the last from USDT to DAI to Ampleforth. USDT gave us an easy off ramp to escape the volatility inherent to the crypto markets. DAI did the same without the need to trust that a 3rd party had the reserves to make good on its debts. AMPL took it a step further without the need for over collateralization of assets for it to be produced.

The Ramifi protocol's unique approach to the dollar's declining real purchasing power is critically important due to increasing inflation. Currently, consumer inflation is calculated using a metric known as the Consumer Price Index. Over time, this index's approach to calculating consumer inflation has changed drastically, having consistently been adjusted to demonstrate low inflation rates. The results of these miscalculations have been starting – rather than the nominal consumer inflation rate of roughly 1.4%, the actual rate of consumer inflation is likely somewhere around 10%. This large discrepancy helps to explain the increasing dissatisfaction of the average consumer as their currency's purchasing power continues to erode.

Use Cases

An Alternative Investment

• Ramifi will not track Bitcoin in the same way the rest of the market does due to its supply based token mechanics.

The Money of Defi

• Ramifi is the first protocol to abandon the notion of tracking the US dollar creating a crypto native unit of account.

A Dollar Alternative

• Due to its rebase window, merchants in the long term will be able to use Ramifi without worrying about the accounting issues present in volatile assets.

Infinitely Scalable Stable Currency

• Unlike other stable coins whose scaling is directly proportional to their reliance on dollars, Ramifi is infinitely scalable and dollar agnostic.

Why Ramifi

Software Architecture

• The Ramifi protocol is built on the Ethereum blockchain and maintains several touchpoints both within and outside the network. Outside of the Ethereum network, there are two primary participants in the protocol. The first of these external touchpoints is that of data providers. These third-party entities provide real-time market data parsed by the Ramifi market oracle and subsequently synthesized into the inflation-adjusted rate. The second external touchpoint category includes rational actors that exist in the form of secondary market participants. This groups' buying and selling of Ram tokens assist in maintaining the inflation-adjusted dollar peg.

Supply Policy

• The contract that dictates the Supply Policy uses the ​ rebase() ​ external function, but it is distinct from the identically named Ramifi ERC-20 ​ rebase() ​ function. Instead, it is a function that can be called by anyone and executes roughly every 24 hours. This function's openly callable nature allows rational market actors to react to supply adjustments independent of the core Ramifi team.

Market Oracle Contract

• The Ramifi market oracle draws data from a wide range of outside sources and interfaces with the Supply Policy contract. At each 24 hours calculation period, the supply dynamically adjusts relative to the inflation-adjusted dollar value. Only whitelisted sources can provide data to the market oracle at launch. The data used to calculate period adjustments will be weighted for high sigma events that would otherwise skew the dollar's inflation-adjusted value, thereby preserving the accuracy of the Ramifi protocols calculations.