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About Railgun
Key Points
- Railgun is a smart contract system providing privacy and security to cryptocurrency and DeFi users via Zero Knowledge Proof (ZK-SNARK) technology.
- It removes wallet addresses from actions and transactions on blockchains, ensuring privacy when trading, using leverage platforms, and adding liquidity with Decentralized Applications (dApps).
- Railgun has a strong focus on security, with a team of world-class security experts, blockchain gurus, and cryptography experts.
- The RAIL token is the native governance token, used for voting on upgrades to Railgun and allowing anonymous governance participation.
- Railgun can be used for various purposes, including entering new coin investments, building shielded balances,
About Railgun
In the realm of cryptocurrency, where speed and agility are paramount, Railgun emerges as a trailblazing solution, poised to revolutionize the landscape of decentralized finance (DeFi).
Introducing RAILGUN Privacy (RAIL): A Beacon of Anonymity
Railgun is a cutting-edge smart contract system that leverages Zero Knowledge Proof (ZK-SNARK) technology to provide unparalleled privacy and security for cryptocurrency and DeFi users. By utilizing Railgun, users can rest assured that their wallet addresses will be obscured from public view, shielding their actions and transactions on blockchains from prying eyes. This innovative solution enables users to trade, utilize leverage platforms, and add liquidity to Decentralized Applications (dApps) with complete anonymity. As Railgun is seamlessly integrated into the Ethereum mainnet, it eliminates the security risks and additional complexities associated with layer 2 infrastructure, thereby mitigating the need for trust in third-party intermediaries. A diverse range of ERC-20 tokens, including RAIL, USDC, renBTC, renZEC, and many more, can be utilized immediately. Furthermore, additional tokens will be integrated through a governance vote, ensuring a dynamic and adaptive ecosystem.
What Level of Security Can RAILGUN Privacy Offer, and How User-Friendly Will It Be?
Beyond privacy, security stands as a paramount concern for Railgun. The development team comprises world-class security experts, blockchain visionaries, and cryptography specialists. Notably, prominent figures in the blockchain security sphere count among Railgun’s associates. The employed libraries are well-established, and the Railgun code has undergone rigorous audits by esteemed companies, including renowned crypto audit firms like ABDK. Railgun embodies both trust and trustlessness. For users familiar with MetaMask or other popular wallets, the experience will be seamlessly intuitive. Users need not concern themselves with the intricacies of zk-SNARK proofs or take additional steps to send, receive, or transact with privacy. All complexities are handled discreetly behind the scenes, and as an open-source platform, anyone can scrutinize and verify its intended functionality.
Where to Acquire RAIL Tokens (RAIL)
Rail is presently listed on prominent decentralized exchanges, offering a diverse range of trading pairs for various cryptocurrencies and stablecoins.
Delve into the world of Rail pools here:
Sushi Swap, UniSwap, and Balancer:
Associated Resources:
Website:
railgun.ch
Github:
Railgun Github
Promotional AMA’s:
Railgun AMA
w/
AMA Room AMA With PANews
The RAIL Token: A Novel Cryptocurrency
RAIL is the indigenous governance token employed to facilitate the functioning of RAILGUN Privacy.
RAIL is readily available for purchase on decentralized exchanges, such as Uniswap, where it serves as a governance token, enabling holders to stake their tokens and acquire voting rights on proposed upgrades to Railgun. By owning RAIL, individuals can actively participate in shaping the future trajectory of Railgun. Moreover, our commitment to maintaining privacy extends to the governance process, with RAIL pioneering anonymous governance participation.
Railgun developers will not wield any extraordinary authority that overrides the governance of the RAILGUN system, which is ultimately vested in RAIL token holders.
Unlock the Power of RAILGUN Privacy: Endless Possibilities
• Diversify your cryptocurrency portfolio without alerting followers of your wallet • Establish a discreet balance, shielding sensitive information about your digital assets • Protect yourself from prying eyes and data collection that tracks your transactional behavior • Engage in anonymous trading, akin to dark pool trading, without revealing your investment strategies • Make confidential payments to legal counsel for personal disputes • Receive donations privately, without publicly disclosing your donation history • Enjoy freedom from targeted advertising and fraud based on your DeFi activities • Prevent unwanted scrutiny of your DeFi habits, even on a personal level • Uphold the principles of DeFi, ensuring the security and privacy that traditional institutions provide
Railgun’s Token Economy: A Comprehensive Overview
At launch, the circulating supply of RAIL tokens will be 50 million, with a maximum supply cap of 100 million. The initial distribution will be allocated as follows: 25% will be reserved for airdrop, 25% will be allocated to the Foundation, and 50% will be designated for the DAO.
Airdrop: A special allocation of RAIL tokens will be bestowed upon Ethereum addresses that have demonstrated their commitment to privacy and freedom by making donations to esteemed organizations on the ETH network, including the TOR Project, the Right to Privacy Foundation, the Free Software Foundation, and other like-minded nonprofits.
Foundation: The Right to Privacy Foundation, a registered charity devoid of profit motives, has graciously provided a grant to initiate this project. Furthermore, the foundation has volunteered to custodially hold 25% of RAIL tokens, thereby ensuring the long-term prosperity of the project. These tokens will be utilized solely for incentivizing developers and promoting the Railgun platform, as well as future deployments.
DAO: The 50 million tokens allocated to the DAO are currently locked and unminted, awaiting a community-driven decision. These tokens can only be minted through a DAO vote, which requires the collective approval of RAIL holders. For instance, the DAO may choose to utilize this mechanism to reward liquidity pool runners with a bonus yield, thereby incentivizing their participation.
Notably, there is no RAILGUN company entity, which means there are no venture capital investors or equity holders, thereby ensuring a genuinely decentralised project.