RAZE Update: The Ultimate IDO
The Raze Network, a Polkador-based second-layer privacy solution in the making, is back at it. Their product is not yet ready, but their Token is making the rounds, building awareness in the market for them.
The week of April 12th brings the most epic IDO launch we have seen yet with a TRIPLE IDO on Bounce Finance, Poolz, and DuckStarter along with ECO from Bondly, BSCPad, Zendit & Gate.io a Public sale on Balancer and the Uniswap launch. The public distribution sale on Balancer Liquidity Bootstrapping Pool will follow to give a fair distribution.
On another front, the Raze Network partnered with Bondly, which they describe as “a project powering the next generation of digital collectibles with crypto projects, brands, and artists.” While Raze will provide Bondly with much-needed privacy and security, Bondly served as the launchpad for RAZE’s first NFT featuring the network’s mascot, Eiki. The 200 available cards sold out at 0.4 ETH in seconds. With each NFT sold, they airdrop a fixed number of RAZE tokens on a vesting schedule.
Complete IDO Details: HERE
New details about the Raze Network emerge pre-launch
In a recent AMA with the Stakely.io community, Justin from the Raze Network shared some gems that put the project into perspective. As some of you might know, Raze is building a protocol that transforms any cryptocurrency into a private and untraceable version of itself. That new token will be auditable and cross-chain. Using it, you’ll be able to interact with any DeFi project available out there in total anonymity. And after you’re done, you’ll use Raze to change your coin back into its original form.
That’s old news, though. What did Justin recently reveal?
● The team will develop their own DEX, a privacy-focused version of Uniswap tentatively called Raze Swap.
● The Raze Network will solve the liquidity problem that plagues most privacy crypto-products by tapping into other ecosystems. Their product will be compatible with any chain that supports smart contracts; from their native Polkadot, to Ethereum, to Binance Smart Chain.
● As long as the DeFi projects they’ll plug into offer liquidity, the Raze Network will be alright. Among others, you’ll be able to connect to Uniswap, Compound, StaFi, Pancakeswap, and Aave.
● Integration to those projects will be easy to implement. With a few lines of code, any of those dApps will be RAZEVM compatible. That will provide the dApp in question with a completely anonymous option without much effort.
● Since the privacy tokens will be minted inside Raze’s layer-two network, transactions will not be plagued by the high gas fees that are affecting other projects. Cof, cof… Ethereum.., Cof, cof.
Justin also revealed that, even though their project and code are available in Github for anyone to audit, the Raze Network developers are as anonymous as the tokens they’ll provide. Which is very interesting, if you ask us. He also believes that even CEX founders are aware that the future is decentralized, and predicts that most of the liquidity will move to DeFi projects “as more products and services go live and interoperability is established.”
Conclusions
Even though their product is not yet available, the Raze Network continues to impress. Selling out their first-ever NFTs proves there’s a community forming around them, and the upcoming initial DEX offering will test just how deep those ties are. Considering one of the RAZE token’s functions is governance over the entire project, the stakes couldn’t be higher.
As always, we’ll keep one ear to the ground. Count on us to inform you all of exactly what happened and what to expect.
