Singapore, Singapore, 11th May, 2021,
Raze Network, the primary Polkadot-based privateness protocol, is bracing to interact neighborhood members with our first testnet. Early birds will be capable of present suggestions on the standard, operate, and total expertise of the Polkadot-based privateness protocol.
This big milestone clears the best way for ‘Razers’ and collaborators to simply check drive the latest options and permits loads of maturation time for these new options to be totally examined.
Our crew already began designing the person interface of the privateness protocol we promised to launch. However, we wish to resort to the collective knowledge of our neighborhood on the best way to truly deliver this to realization, thus launching this UI Community Voting Campaign.
The beta testnet marks the most recent step ahead in Raze Network’s total mission to allow the broader neighborhood to contribute to the evolution of our trustless decentralized privateness protocol.
Raze Network’s purposes current the decentralized finance (DeFi) neighborhood with a cross-chain middleware resolution on Polkadot for concealing transactions when working on decentralized exchanges.
With a transparent imaginative and prescient and stable use-case, the protocol-based resolution leverages the Polkadot ecosystem to supply the required privateness layer for the crypto sphere. The privateness protocol goals to protect anonymity for all of the DeFi stack on the Polkadot.
To obtain increased participation through the testnet, Raze Network is organizing quite a few occasions, competitions, and challenges to encourage contributors to actively check important elements of our ecosystem. Specifically, we’ll airdrop 1,000 $RAZE tokens to 10 fortunate voters based mostly on what number of entries they generated to vote for one of the best UI type.
$RAZE is ready be the lifeblood of the Raze Network, designed as a utility token to characterize participation within the ecosystem.
The launch of Raze Network’s UI testnet comes on the heels of a number of different latest milestones, together with a strong set of developer sources and partnerships that continues to develop.
Just in April, we introduced the strategic itemizing of Raze token on the favored DeFI platform, Uniswap. This itemizing intently follows our accomplished triple IDO occasion on three launchpads.
Interestingly, aside from going stay on DEX exchanges, $RAZE tokens can even quickly be listed on a number of tier-1 centralized exchanges.
This networked testnet launch permits Raze to proceed working with our companions in direction of the mass adoption of decentralized purposes and sensible contracts.
Since inception, Raze Network sought to develop an infrastructure that’s straightforward to grasp and clean to navigate. One the place even new customers can reap the advantages of a cross-chain middleware resolution for nameless transactions, funds buying and selling, and mining.
Although the token launch is finished, the actual work begins. Most just lately, we have now accomplished the event of mint, switch and redeem contracts in Solidity. Currently we’re testing the best way to deploy these contracts on EVM.
Also the foremost front-end and consumer modules that may invoke the aforementioned contracts have been developed.
About Raze Network
Raze Network is a Substrate-based cross-chain privateness protocol for the Polkadot ecosystem. It is constructed as a local privateness layer that may present end-to-end anonymity for all the DeFi stack. The Raze Network applies zk-SNARKs to the Zether framework to construct a second-layer decentralized nameless module.
It will then be imported as a Substrate-based sensible contract. The goal of Raze Network is to allow cross-chain privacy-preserving cost and buying and selling methods whereas defending the transparency of your property and behaviors from surveillance.
- Justin Kelliso