For real-time RAM prices you can refer to the following websites:
- What is RAM?
In the resource mechanism of EOSIO, there are three kinds of resources, namely CPU/NET/RAM.
Both the CPU and the NET are mortgage-type resources, and the mortgage EOS can be used. If it is not needed, the redemption can be selected. For the user, it only needs to wait 72 hours to arrive, without any loss.
RAM is a consumable physical resource that consumes EOS and can be used. The unused RAM can be sold, but the used RAM will be consumed.
RAM can be bought and sold, but only with the system contract, it can not be transferred and traded between ordinary accounts. The price of RAM is automatically priced by RAM through an improved Bancor algorithm, which is automatically balanced according to the supply and demand relationship. Therefore, when trading in real chain, you can see the real trading situation and trading price through TxID after successful trading.
The sale of RAM is essentially the EOS to EOSIO system account in the chain, whether it is to buy RAM (ie sell EOS, get RAM), or sell RAM (ie get EOS, release RAM), are participants Interaction with the system account.
EOSIO uses a free market approach to achieve optimal allocation of scarce resources. To facilitate this market, the EOSIO system contract allows users to purchase RAM from the system, or sell the RAM back to the system in exchange for the blockchain native token (such as EOS). This not only mobilizes the liquidity of the RAM market, but also promotes price discovery (the market determines the price in a mechanism that is close to a perfectly competitive market). The less unallocated available RAM, the higher the quoter's quote for the remaining RAM. The algorithm used for this quoter is called Bancor Relay.
Bancor Relay does not set the price of RAM. It only offers trading at previously determined market prices. At any time the current market price is different from the current price offered by Bancor Relay, and the trader will buy or sell RAM to push it closer to the market-determined price.
The real trading of RAM on the chain requires EOS, which costs about 0.5% of the total transaction amount, as the handling fee. This part is the cost of the chain. The handling fee will be collected by eosio.ramfee and enter the revenue pool of REX.
In order to reflect the transparency of the transaction, after buying and selling RAM, you can query through the TxID displayed on the page. The buying and selling price of RAM fluctuates drastically and the market risk is large. Please proceed carefully from your own actual situation, such as risk tolerance, to decide carefully whether to participate in the transaction and to properly allocate your assets.
At the same time, please be sure to pay close attention to the announcement center, keep abreast of the market risk situation, and make rational investment, and avoid blindly following the trend.
Your transaction needs to be based on your own knowledge of RAM and a certain trading experience in the blockchain industry. ET Wallet only provides related services. The relevant information is for your reference only and is not used as a basis for your investment and transactions. It does not constitute any offer or promise, and the resulting transaction risk is at your own risk.