In a recent blog post, the first Polkadot-based cross-chain privacy protocol Raze Network announced its native token $RAZE launch. While launching the token on the Balancer Liquidity Bootstrapping pool, Raze Network is currently bracing up for the Initial DEX offering on leading decentralized platforms, including Bounce, Poolz, and DuckStarter. The IDO sale is primarily focused on providing opportunities to the early supporters of the project to access $RAZE before the official launch. With the launch of $RAZE, the project aims to strengthen the decentralized financial landscape’s privacy infrastructure.
According to Justin Kellison, project lead and CEO of Raze Network, becoming a pivotal cross-chain privacy protocol and addressing the prevalent privacy concerns is a significant part of Raze Network’s growth strategy. It aims to create a strong footprint as a leading privacy service provider by reinforcing aspects of complete anonymity.
“Raze Network is building a cross-chain privacy gateway for the entire DeFi and Web 3.0”, he said. “I believe that Raze Network can be the seamless and frictionless privacy infrastructure to keep the DApps private”
Raze is the first Polkadot-based cross-chain privacy protocol that provides end-to-end anonymity for the DeFi stack. It makes this possible by employing zk-SNARKs to the Zether framework to build a second-layer decentralized anonymous module.
Raze’s Initial DEX Offering on Bounce, Poolz and DuckStarter on 12th
April
Raze Network will be allocating 960K $RAZE tokens for the public distribution sale through IDO platforms. The IDO will officially begin on 12th April on all the three decentralized auction platforms at a token launch price of $0.25. Bounce, Poolz, and DuckStarter are leading decentralized token auction platforms and launchpad allowing projects to raise capital in a decentralized manner. However, only those users will be eligible to participate in the IDO who have successfully concluded the Whitelisting and KYC processes for the IDO platforms.
Currently, the Raze Network’s Genesis Round is currently in process. After the conclusion of the IDO, the project will run onboard on a Balancer Liquidity Bootstrapping pool. This will be followed by Uniswap listing and various listings on centralized exchanges.
The project’s comprehensive strategy to make $RAZE accessible advocates creating privacy awareness in the dynamic DeFi space. With diverse platforms, the project aims to reduce potential risks related to the token launch and prevent the community from malicious attacks.
Previously Raze Network announced the successful conclusion of seed and private funding rounds. It attracted participation from prominent blockchain and crypto VC firms, including OKEx Block Dream Fund, AU21 Capital, Master Ventures, CMS Holdings, X21, PNYX Ventures, Moonwhale Ventures, Tenzor Capital, Signum Capital, Spark Ventures, and others. With an 88x oversubscription on seed and private funding rounds, the future of the token launch seems massive.
Follow CoinChapter for more updates.
No time to read? Crypto articles too technical? Only want the facts?