RAZE gives Defi users the ability to trade between different protocols and blockchains seamlessly, completely anonymously and without leaving a trace of trading history.
So, Raze network has just brilliantly completed its ICO on April 16, 2021. Its objective of raising $240,000 was a great success and it was also Polkadot which benefited from it.
So let's see in this article what Raze Network is. It is therefore a brand new protocol (and therefore perhaps the right time to invest if you believe in it), deployed on Polkadot.
The great ambition of Raze Network is to allow all cryptocurrencies to be sent as traditional fiat currencies are sent. Better yet, you can also send tokens from one blockchain to another (cross-chain) easily and without hindrance. Money transfers are guaranteed to preserve the anonymity and confidentiality of users.
How does Raze Network work?
The logic of Raze network consists of minting private and anonymous tokens from base tokens. The basic contract that applies is a 1:1 ratio. This means that for a given token, we will have mounted 1 corresponding zkSNARK.
It is these mounted tokens which will then guarantee anonymity while allowing exchanges and transfers of money between different wallets.
Thus, fundamentally Raze Network relies on 3 technical elements:
- Minting: Minting tokens allows you to convert any token into an anonymous version of it.
- The exchange: We can exchange the tokens in their original and native forms.
- The transfer: It is by making the transfer that the anonymity function becomes effective. This will guarantee the anonymity of the sender on the one hand but also of the recipient
Why Raze Network is useful in DeFi?
It is by applying zkSNARKS on its Zether framework, which can then be imported as a smart contract based on a substrate, that Raze Network can enable inter-chain transfers anonymously.
This allows all users to leave no trace and truly protect their digital footprint.
If Raze Network allows such confidentiality, it is thanks to the mining that can be done on the platform. Each person can easily create an anonymous version of their tokens. Thanks to these new tokens, the identity of the sender and recipient are completely anonymous. We can even make the amount of the value sent anonymous, which is then hidden.
Once the transaction is completed, then the user can convert their anonymous tokens back to their original forms. This process allows for a simple transfer whether at the start or end of a transaction.
To do this, Raze Network facilitates liquidity and especially multi-chain interoperability. Users will then be able to interact without any problem and quickly on blockchains such as Ethereum even if they do not have digital assets created on Ethereum, for example.
So, the RAZE token: Should you invest?
The RAZE token is at the center of the Raze Network economy. The token serves as both a governance token. Holders can then vote and give their opinions on future network decisions. The RAZE token is also and above all a token which serves as a means of exchange. It is with RAZE tokens that users will then be able to mint tokens and ensure the confidentiality of their operations.
For the token to gain and preserve value, the founders planned to burn tokens to decrease the overall supply of RAZE tokens.
The token has just been officially launched, and we do not yet have the hindsight to judge its future value.
This will of course depend on user enthusiasm. Moreover, there is a liquidity pool (LBP) which was launched on Balancer on April 13. There is also a triple IDO that was carried out on Poolz, Bounce and DuckStarter.
In any case, it is perhaps the most ambitious project deployed (for the moment) on Polkadot and it is even a frankly innovative and highly sought-after concept.
Indeed, anonymous cross-chain transactions are really very coveted by developers and users on the other hand.
So, we can certainly say that Raze Network is a useful protocol that brings real something to the ecosystem.
The fact that it’s built on Polkadot is also really eye-catching shall we say 😉
You can buy RAZE token on Uniswap or on 1inch if you are looking for the best price ( 1inch is a price aggregator).
The official website of Raze Network.
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