RAZE network is set to launch its Initial DEX offering (IDO) starting today, April 12, on three platforms: Poolz, Bounce and DuckStarter followed by a public distribution sale on Balancer Liquidity Bootstrapping pool so let’s read more in today’s crypto news.
The upcoming IPO caps off a private sale round which was participated by blockchain crypto companies and VC firms like x21 Digital, Master Ventures, AU21 Capital, Signum Capital, Kyros Ventures, MarketAcross, AngelONE, Arpa Labs, Tenzor Capital, and Block Dream Fund. Raze is one of the projects that is looking to provide a privacy-preserving infrastructure for the dapps that are built on Polkadot. The company raised $2.2 million in the seed and private funding round and now the triple IDOs come as the network is pursuing even larger ambitions beyond the original aim of building a cross-chain privacy middleware for Web 3.0 and Defi.
📢📢Raze Network’s Public Sale will occur through a @BalancerLabs LBP.
🚀🚀A total of 4.8M $RAZE tokens will be for sale during this round.
⏲️⏲️The LBP will launch at 3 PM UTC, April 13th and end at 3 PM UTC, April 16th.
Read our step-by-step guide👇👇https://t.co/BJaUkJqwZK
— RAZE Network (@R4ZE_Network) April 9, 2021
Leveraging the Polkadot ecosystem, the protocol-based solution is reconstructing the privacy layer for the entire crypto space. The platform represents a cross-chain solution that can bring a high degree of privacy and data to other ecosystems like Ethereum or DeFi apps without exiting their original interface. This can lead to a more secure network and trading process as well as remove all trusted intermediaries from relevant swaps on substrate-based blockchains.
While the privacy narrative got lost among these functions, Raze Network is set to work in regard to the Polkadot ecosystem. It also developed a cross-chain private payment protocol to provide the users with safe and private financial transactions. Raze unveiled a “secret DeFi bridge” allowing users to run their data in a private environment which means, the trading history will be covered.
Some of the upcoming token generation events you should know about.@R4ZE_Network @beyondfinanceio @epnsproject @MinaProtocol @GenShards @thedisbalancer @cerenetwork @LOCgameio @MyShowcase @polkadex @CollateralDefi @clover_finance @MistNft @globedx pic.twitter.com/Lm6kvKdYXA
— ICO Analytics (@ICO_Analytics) April 12, 2021
$RAZE was designed as a utility token to represent participation and to boost growth in the network’s ecosystem. With the launch now being imminent, Raze Network could expand to multiple initiatives in order to solidity the position in targeted markets. The company’s developments and partnerships only grant the way to success for the network. More use cases can even be added and unveiled on the network as it grows to serve the entire Polkadot ecosystem. While the rest of the blockchain world struggles to prove valid technologies, Raze plans to expand its model to real-world applications and general internet users.
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