EOS RAM price up 24% in 24 hours, suspected to be related to the new project RUTM, please note the risk
Block beat BlockBeats news, EOS RAM (memory) price increased 24% within 24 hours, the provisional price is 0.092 EOS/KB, price fluctuation is suspected to be related to the new project RUTM.
According to documents circulating in the community, RUTM is interchangeable with EOS RAM, with one RUTM equivalent to 1 Kb of RAM. This is obtained by transferring money from the user to the contract account to receive the token airdrop, but the user account summary must be locked with the same amount of RAM as the airdrop.
RUTM seems to be similar to EIDOS, a recent EOS project run by AP, the founder of avocado EMU, in that they both receive airdropped tokens by transferring money, but the difference is that EIDOS is the airdrop of users' almost useless skills, and RUTM requires users to invest the cost of RAM.
The price algorithm of RAM is Bancor algorithm, which determines the price of RAM according to the market demand. Due to the use of Bancor algorithm, the price of RAM is extremely volatile in history.
At present, the total amount of EOS RAM is 146 Gb, and the total amount will keep increasing, with no upper limit.
BlockBeats reminds users to be cautious about investment and market fluctuations.
Silver block rhythm BlockBeats reminded, according to the circ and other five departments issued in August 2018 on the guard against in the name of the "virtual currency" "block chain" illegal fund-raising risk warning "file, please the public rationality block chain, don't blindly believe in reduction commitment, set up correct concept of money and investment philosophy, effectively raise the risk consciousness; To the illegal crime clue that discovers, can report to concerned branch actively reflect.
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