What is RING
RING is the gas token for Darwinia decentralized cross-chain bridge protocol used to pay for transaction fees, contract execution fees, network bandwidth charges and storage fees while utilizing services within the Darwinia application ecosystem. Built on Substrate framework, Darwinia Crab Network (Crab) is a Polkadot canary chain providing cross-chain bridge with Ethereum Virtual Machine (EVM) capability as an onramp for existing projects on heterogeneous public blockchains such as Ethereum, Tron, and Binance Smart Chain migrating to the Polkadot ecosystem, with application areas including Decentralized Finance (DeFi), Non-fungible Token (NFT) trading, gaming etc. Darwinia Network application ecosystem features Evolution Land, a cross-chain DeFi integrated NFT virtual simulation blockchain gaming environment, Subscan high precision data explorer and visualization tool for substrate based blockchains, and Darwinia Token DEX + NFT Market, allowing users to realize automatic cross-chain transactions between token assets and hold cross-chain NFT auctions.
