This does not affect the original Beast Form power, which only grants one transformation per day.
The restored version of the artifact allows werewolves additional transformations into their beast form per day via the Ring of Hircine power accessible from the Powers menu. From the calm serenity of Rivendell to the cosy hills and well-worn paths of the Shire, Middle Earth was the place millions of people wanted to escape to, and thanks to video. Before Tamriel and before Westeros there was Middle Earth. When I look the skyrim map and the 'tech' level in armors and weapons I would suggest you would take the lotr world from the children of Hurins book. If you help Sinding kill the hunters pursuing him, you will be rewarded by Hircine by being allowed to keep the ring, with the curse removed. This Lord Of The Rings Skyrim Mod Is Everything You Need And More. We have elfs (with enhanced facial mods to 'fix' them up to tolkien lore) and we have dwarven architecture and we have orcs and humans. If you kill Sinding, you will lose the Ring of Hircine, only to receive Savior's Hide in its place. The ring can either be restored or returned to Hircine depending on your actions. As another downside, werewolves will discover that the ring causes them to randomly transform into their beast form.
After acquiring the ring, it will be automatically equipped, not being able to be removed until you complete the quest.
Originally discovered as a cursed ring, you are given the ring by an imprisoned werewolf named Sinding. The Ring of Hircine is a Daedric Artifact given to you by Hircine as one potential reward for completing Ill Met By Moonlight.