RING is the native token of the RING platform, a blockchain-based platform that aims to become the world's leading marketplace for loyalty points and airline miles. RING can be exchanged for loyalty points from multiple providers.
RING tokens are skill tokens issued for the activation of the RING platform. The circulation is fixed and the price is determined by the market. RING tokens can be purchased on the RING platform with RING tokens, and RING tokens can be obtained by participating in promotional activities, evaluations, and purchases on the RING platform.
RING points are payment methods that can be used for digital content services and services on the RING platform. The value of RING Points is fixed at 1 RING Point = 1 Korean Won (KRW). RING points can only be used on the platform and cannot be traded outside.
The RING platform provides RING tokens as compensation to customers who participate in internal activities and bounty activities. The activation of transactions on the RING platform generates a structure of business income, and the platform returns some of these benefits to customers, and then improves the vitality of the platform ecosystem. If the platform does not have enough RING tokens to compensate customers, the platform will purchase RING tokens from external exchanges to continue to provide compensation to customers.
In this way, with the structure of RING points 》RING platform 》customers 》RING tokens 》external exchanges are interconnected and benign, as the platform transactions become more active, the income of the RING platform will increase at the same time.