RING is the native token of the RING platform, a blockchain-based platform aiming to become the worlds leading loyalty points and airline miles marketplace. RING can be exchanged for loyalty points from multiple providers.
The RING token is the skill token issued by the active release of the RING platform. It has a fixed supply and its price is determined by the market. On the RING platform, you can buy RING tokens, and participate in promotional activities, reviews, and purchases to earn RING tokens.
RING Points serve as the digital content service and payment method available on the RING platform. The value of RING Points is fixed at 1 RING Point = 1 South Korean Won (KRW). RING Points can only be used within the platform and cannot be traded externally.
The RING platform provides RING tokens as compensation to customers who participate in internal activities and bounty programs. As transactions within the platform increase, generating business revenue, the platform redistributes a portion of these earnings back to customers, further activating the platform ecosystem. If there are insufficient RING tokens to compensate customers, the platform purchases RING tokens from external exchanges to continue providing compensation.
This structure, connecting RING Points > RING Platform > Customers > RING Tokens > External Exchanges in a positive feedback loop, ensures that as platform transactions become more active, the RING platform’s revenues also increase.