Darwinia Network Native Token Logo

Darwinia Network Native Token RING

Darwinia Network Native Token header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$0.009436570000 -5.1%
Market Cap
$4.84M (#1156)
Supply
512.57M / 10.00B
Price
52W High price $0.13
52W High date 15th May 2021 (1 year ago)
All Time High (ATH) Date 14th Mar 2021 (1 year ago)
ATH Price $0.30
% From ATH -95.17%
All Time Low (ATL) Date 17th Mar 2020 (2 years ago)
ATL Price $0.001499430000
% From ATL 877.48%
Supply & Trading Volume
Volume (24h) 104,380.00
Total Supply 10.00B
Max Supply 10.00B
Circulating Supply 512.57M
Description

Darwinia Network (RING) is a decentralized, cross-chain bridge network on Substrate. It claims to be one of the safest bridge solutions out there, intended to connect Polkadot, Ethereum, TRON, and other chains through cross-chain asset transfers and general remote chain calls.

Darwinia Network (RING) is a decentralized, cross-chain bridge network on Substrate. It claims to be one of the safest bridge solutions out there, intended to connect Polkadot, Ethereum, TRON, and other chains through cross-chain asset transfers and general remote chain calls.

That said, its main applications include Decentralized Finance (DeFi), Cross-Chain NFT trading markets, games, and so on.

In other words, Darwinia has essentially built a permissionless, non-custodial bridge protocol, one which features a high level of efficiency, with low costs, and decentralization of cross-chain tokens and NFT transfers.

It has a bridge solution that has the intention of integrating technologies, including the super-light client alongside the zero-knowledge and optimistic verification mechanism.

Darwinia Network is a decentralized bridge, which can carry high-value cross-chain asset transmission.

Darwinia has two different coins, one being RING and the other being KTON.

The RING Token Explained

The RING token is the native cryptocurrency token that powers the Darwinia Network. It is used to pay for the GAS fees of the on-chain transactions and the cross-chain services. That said, RING has additional functionality, such as being a staking reward, which allows users to obtain power when it comes to voting, which allows them to be a part of the governance of the network.

However, tokenomics don’t end here, as in a way to encourage users to make long-term commitments and pledge, users can choose to lock up their RING tokens for three to thirty-six months through the process of staking. The system will, in turn, offer them a KTON token as a reward for participating in this staking process.

Features of Darwinia Network

Darwinia ChainRelay is a super light-client Chain Relay, which essentially facilitates the upgrade of a single-chain application protocol to cross-chain versions of them.

Darwinia’s cross-chain token bridge solution is essentially this two-way cross-chain token bridge based on the chain relay. This chain relay is intended to adopt the design of the Darwinia Sublinear Relay, which has better performance.

In other words, through all of this, Darwinia can have some truly unique features. For example, the Darwinia Network provides an entrance to the Polkadot ecology for projects which have been deployed on public blockchains, including Ethereum and the Binance Smart Chain (BSC). Additionally, the Darwinia smart contract application is fully compatible with the Ethereum virtual machine and can support dApps such as DeFi and NFTs, which can then be easily migrated to Polkadot.

This int-run allows for a high-quality experience that has low transaction fees and quick transaction confirmation speeds.

All of this is driven by a sound governance system, where all token holders have the ability to submit their proposals to the network. That said, any upgrades to the network are coordinated on-chain and can be enacted autonomously, which ensures that Darwinia’s development can reflect the values of the community.

Founders of Darwinia Network

Alex Chien is the Co-Founder at Darwinia Network. That said, Darwinia Network was originally founded in 2018. Currently, the development team of Darwinia includes over 20 members.

1.1 Insights (beta)

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2. Price

RING/USD

2.1. Market Performance

How does Darwinia Network Native Token's (RING) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-36.8%

RING

-44.6%

Similar Market Cap

60 Day Return

-27.1%

RING

-22.4%

Similar Market Cap

1 Year Return

-88.7%

RING

-63.0%

Similar Market Cap

3. Developer Activity

We're monitoring 113 Darwinia Network Native Token GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Darwinia Network Native Token Repos)

Commits vs. The Market

  • Past 4 weeks: 243 commits vs. an average of 4
  • Past 12 weeks: 1,207 commits vs. an average of 30
  • Past year: 6,328 commits vs. an average of 488

Most Active Repos

Past week 38
Past 12 weeks 184
Past year 1007
Past week 0
Past 12 weeks 0
Past year 878
Past week 0
Past 12 weeks 0
Past year 374
Past week 0
Past 12 weeks 0
Past year 354

Top Developers 2022

In total, 517 developers have contributed to Darwinia Network Native Token over the past year. Who are the most active Darwinia Network Native Token developers, by commits, over the past year?

Related Projects

Developers working on Darwinia Network Native Token also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Discord users
Active Discord Users
Telegram Users 18,062
Twitter followers 75,099
5. News

No recent news found.

6. Investment

No funding information found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://darwinia.network/
Explorer https://etherscan.io/token/0x9469d013805bffb7d3deb...
Twitter @DarwiniaNetwork

What is the correct contract address for Darwinia Network Native Token?

Ethereum 0x9469d013805bffb7d3debe5e7839237e535ec483

Has Darwinia Network Native Token been audited for security?

No security audits found for this project.

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