I think that the "ragging on" that people do will be less than you think. A chastity ring is more symbolic than anything, and really it could be just about any ring to be quite honest.
However, I think there are more effective ways of doing it; however, I don't think this can hurt in any way. It just may not help.

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Zelda: The Grand Adventures | Triforce MUCK ザ行方不明リンク
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