There is a Rumor that its the 30% ring you get in the Token shop. Is this true?

nope.

So that Beaner Lied? Argh

Some players think that this ring will help increase the drop rate of DragonBalls. Personally, I have acutally found more DragonBalls with this ring on, than I have without it.

What the ring actually does is raise the chance of you get getting a higher ranked item (Superior, Rare, Legendary etc) so, since DragonBalls are of "superior" brand, then there is a chance that the drop rate could increase.

My advice to you: Farm dragonballs when you are low leveled. It is the easiest time to collect them!

I was told that the pet item ring doesnt help wit db drops but i also have had better success with it, i actually didnt recieve a db till i had it. all in all its a ring worth having db or not, it also gives u another 12 inv slots if u click on the ring under ur pet and pet food is pretty cheap as far as zeni goes in TW. in short the ring is worth having in any rite