April 19, 2021
Raze Network, a platform based on substrates for privacy, has successfully completed its triple IDO on pools, DuckStarter and Bounce. Previously, the team had raised $ 2.2 million in seed and private funding rounds, confirming the viability of this privacy-focused approach. The subsequent lists from Balancer and Uniswap LBP also attracted attention. The publication of the roadmap is the current objective.
As a second layer anonymous payment module for the DeFi ecosystem, Razé network plans to become the benchmark. As the DeFi industry grows, expands and accelerates, the demand for privacy-focused solutions becomes more open. As the substrate-based cross-chain privacy protocol for the Polkadot ecosystem, Raze Network provides end-to-end anonymity to all DeFi solutions built on this technology stack.
After successfully completing its three Initial Digital Offerings (IDOs), the team confirms the vision to apply zk-SNARK technology to create a decentralized, second-layer anonymous module. Enabling privacy between channels is a feature that many users will benefit from in the future. Privacy-preserving payments are of great interest to users, especially when privacy technology exists at the protocol level, rather than being opt-in.
Raze Network CEO Justin Kellison said:
“We are delighted to see this level of support from established ecosystem players. Since DeFi took center stage, the demand for privacy has grown stronger than ever, due to issues like front-running and SRM. Our focus on cross-chain assets is key to bridging the liquidity of all transparent blockchains. “
The AU21 Capital team added,
“We believe Raze Network is poised to dominate the crypto privacy niche. Bridging liquidity between all transparent blockchains is essential to make privacy attractive to the average crypto user. Over time, this approach may well turn private crypto into a mainstream phenomenon. “
The completion of the Balancer Liquidity Bootstrapping Pool event shed light on Raze Network and the vision the team wants to deploy even more. Every Balancer Liquidity Bootstrapping Pool event attracts a lot of attention, and the concept has been embraced by every major crypto project in recent history. Launching tokens with liquidity generation and price adjustment is an essential part of fueling fair and transparent price discovery.
Thanks to strong partnerships, the ongoing Raze Network NFT campaign and roadmap milestones to be achieved, the future looks bright for Raze Network. The team will continue to work on the token and DApp source code, liquidity reward, protocol and product launch, and gateway to DeFi protocols over the coming months.
About the Raze network
Raze Network is a substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zk-SNARKs to the Zether framework to create a decentralized Layer 2 anonymous module.
It will then be imported as a substrate-based smart contract. Raze Network’s goal is to enable cross-chain payment and trading systems that preserve privacy while protecting the transparency of your assets and monitoring behaviors.
Justin Kelliso, CEO of Raze Network