RubySwap Monthly Burn #6 April 2022

crypt osi
2 min readApr 7, 2022

This month has been a pretty difficult one for RubySwap, in terms of price and development. We had a few days outage as the domain registrar neglected to update our domain name, fixing this issue took almost a full 24hrs to rectify and then the Bidify feature of the app was down for a further few days as we implemented a new database to speed up the apps usage and hopefully improve user experience.

Next month we are planning on adding API stats from Discord user ‘Pegasus24’s Discord bot, which is currently doing a great job of charting the APR and price action of Rubyswap and the projects available to trade on there.

But we know you’ve come to this post to read the burn stats and they are as follows:

Time for the all important numbers……

  • 407406.61 Ruby Burned
  • USD Value of Ruby burnt = $2452 at time of burning

Proof of burn : — https://blockscout.egem.io/tx/0x156b3337365249a51e379e9e50ae70c001c8899b3bc96e758c3a5172c416b29f/token-transfers

We are still planning to add the Egem bridge to rubyswap as soon as possible, but we are also planning on adding APR stats to entice more users as currently user base is quite small. We may also compile next moths full stats into an NFT and sell copies of it for a small amount, around 1–10 Ruby each on the Bidify marketplace.

Thanks for reading and thanks for supporting Rubyswap.

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crypt osi

Blockchain Expert | PM & Advisor | Passionate about decentralized tech, fostering innovation & growth, and sharing insights on Medium.