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According to Foresight News, LayerZero's ecosystem project, Ruby Protocol, will hold a 72-hour Liquidity Bootstrapping Pool (LBP) event in collaboration with community platform Fjord Foundry on January 25 at 21:00 Beijing time. During this event, users can auction RUBY tokens with a starting price of $0.5. The LBP will conclude on January 28 at 21:00 Beijing time. A total of 5% of RUBY tokens will be auctioned using the ETH liquidity guiding pool in this LBP event. RUBY token holders can vote to support protocol upgrades and use the tokens to pay for transaction fees on Ruby applications, as well as enjoy payment discounts. After the community-oriented LBP sale ends, RUBY tokens will be listed on DEX and gradually launched on centralized trading platforms.

According to Foresight News, Ruby Protocol, a LayerZero ecosystem project focusing on cross-chain accounts and access layers, will launch the third round of its RUBY token presale on January 25 at 9:00 AM Beijing time. The presale will take place on the official website and will consist of three rounds: whitelist, early bird, and liquidity guidance. Additionally, the Ruby Foundation will be established to facilitate community DAO management. The primary purpose of issuing RUBY tokens is to support the future development of the protocol, including product research, brand building, ecosystem construction, security audits, and the creation of a project reserve fund to meet user asset security requirements. The Ruby Protocol team aims to build an intent-centric, cross-platform, cross-chain, privacy-protecting Web3 infrastructure. So far, Ruby Protocol has developed a series of consumer-oriented encrypted applications, including the account abstraction Ruby One wallet, privacy payment Ruby Connect, and access control protocol Ruby SDK. The platform has already surpassed 340,000 registered users.