Ray Network token - XRAY - is a Cardano based cryptocurrency token for a fuelling the Ray platform. Ray is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions and other services.
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Ray Network is an advanced ecosystem for the Cardano blockchain platform. Our goal is to create the best multifunctional DeFi ecosystem for Cardano blockchain. XRAY is a governance token that powers Ray Network ecosystem. This is well positioned for community-led growth, development, and self-sustainability token.
When most services are fully launched, the token will be used as payment for those services, such as premium RayNFT marketplace placement, Ray KickStart placement, tokens minting, will be used as a governance token, and yield farming in RaySwap. Later we will announce our B2B solution based on Atala PRISM.
We are a completely open and non-anonymous team, more details in About section.
Yes, we are fully open source and publish the code under the MIT license. Github repository.
To successfully launch wallet and DEX, and not to violate laws of different countries, to be in compliance with SEC and IRS requirements, we are in the process of registering the company in Estonia, one of the most loyal countries to cryptocurrency, to get a license to work with cryptocurrencies.
A community-managed treasury opens up a world of infinite possibilities. We hope to see a variety of experimentation, including ecosystem grants and public goods funding, both of which can foster additional Ray Network ecosystem growth. Ray Network has set the standard for automated liquidity provision: it is now time to set the benchmark for responsible but radical, long-term aligned on-chain governance systems.
Ray Network governance will be live from day one (smart contract release date).
In the meantime, XRAY holders will have immediate ownership of:
Initial governance parameters are as follows: