Ritual 

RITUAL Price

🌱 11d

What is the RITUAL token?

Ritual is a decentralized AI infrastructure network that lets smart contracts invoke AI models, trusted execution environments, and other offchain computation, with verifiable results settled onchain. The project runs its own Layer-1 blockchain, Ritual Chain, which orders workloads through the Symphony consensus mechanism. RITUAL is the native asset of that chain. Ritual was founded by Niraj Pant and Akilesh Potti, both formerly of Polychain Capital, and targets developers building onchain applications and AI agents that consume offchain inference.

How does the Ritual AI network work?

A smart contract on Ritual can request computation from offchain sources: an AI model inference call, a trusted execution environment, or another offchain service. The network verifies the output and returns the result onchain, so the consuming contract can act on it inside the transaction flow. Ritual Chain handles execution ordering through the Symphony consensus mechanism. The design targets developers whose applications need offchain inference without leaving the blockchain environment.

What is the RITUAL token used for?

RITUAL functions as the native fee asset of Ritual Chain. Ritual's developer documentation defines the currency with 18 decimals and states that all inference fees are denominated in RITUAL, metered on output. Example compute pricing lists a 0.01 RITUAL base fee plus 0.35 gwei per encoded input or output byte. Staking is also a protocol mechanism: block rewards are distributed through a StakeHub transaction type on Ritual Chain.

Is RITUAL's supply capped?

Yes. Per DropsTab data, RITUAL has a maximum supply capped at 10,000,000,000 RITUAL, and the tracked total supply equals that cap. No allocation breakdown between team, investors, and community is recorded on DropsTab, and circulating supply is not confirmed. This gap carries risk: against a fixed 10 billion cap with undisclosed allocations, the insider share of RITUAL cannot be independently verified by a holder.

Does RITUAL have a vesting schedule or unlock dates?

DropsTab lists no vesting schedule for RITUAL: no token generation event date, no cliff dates, and no scheduled unlocks are recorded. Until Ritual publishes an allocation schedule, dilution risk from team and investor allocations at TGE cannot be assessed from tracked data. Investor-cliff expiries are the key dates to monitor once a schedule appears, because simultaneous insider unlocks concentrate sell pressure.

Did Ritual run an ICO or an airdrop?

DropsTab records no ICO, IDO, or airdrop campaign for Ritual, and no token-sale price exists for RITUAL on DropsTab. The asset reached trading without a tracked public sale or earning campaign. Any page or guide claiming an active Ritual airdrop does not match tracked data, and participation in such offers carries scam risk.

Who are Ritual's investors and how much has it raised?

Per DropsTab fundraising data, Ritual raised $25 million in a Series A announced November 8, 2023, led by Archetype. Co-investors included Accel, dao5, Hypersphere Ventures, Accomplice, and Robot Ventures; angels included Balaji Srinivasan and Georgios Vlachos. Polychain Capital added a multimillion-dollar top-up in a round dated April 8, 2024, with no amount recorded. Two rounds inside six months, from tier-one venture firms and known crypto angels, signal sustained institutional conviction in Ritual's AI-infrastructure thesis. DropsTab records no valuation for either round.

Where can RITUAL be traded?

Per DropsTab data, RITUAL trades in a single tracked spot market, the Coinbase RITUAL/USD pair. DropsTab records no derivatives markets and no DEX pairs for the asset. A one-venue footprint concentrates RITUAL liquidity in a single USD order book and leaves market access thin relative to tokens quoted across multiple venues and chains. Slippage on large orders is therefore a structural risk regardless of the RITUAL price level.

Is RITUAL the same token as other "ritual" crypto assets?

No. The RITUAL ticker is also used by unverified micro-cap tokens on BSC, Base, and Solana that are unrelated to Ritual Network. DropsTab tracks one BSC contract for this listing, 0x256ea35422b2f36b24ac1d66159fe69e75918c37, viewable on BscTrace. Ritual's official site and documentation publish no contract address, so any wrapped or bridged RITUAL representation should be treated as unverified. Traders should confirm the asset identity before executing a transaction.