RAZE token plays the role of the core utility in the Raze Network ecosystem. It can capture the values included below but not limited to:
- Privacy Preserving: RAZE gives DeFi users the ability to move between applications and blockchains seamlessly, while leaving no trace of trading history or interactions with applications.
- Governance and Voting: RAZE token holders can create and vote for proposals
- Intermediary of Exchange: RAZE token can be used for different services in the ecosystem.
- Token Burning: A certain percentage of transaction fees are burned in the form of RAZE tokens.
- Liquidity Reward: The market makers providing liquidity in pools will be rewarded with RAZE token.
There are a total of 120 million $RAZE tokens, with the distribution plan as the following:
10% on TGE, monthly vesting until full unlock on Aug 1, 2021 **
12.5% on TGE, monthly vesting until full unlock on Aug 1, 2021 **
100% on TGE with no vesting period
10% for Initial Exchange Liquidity, the Rest as Rewards for Liquidity Providers
15% on TGE, monthly vesting for 24 months
0% on TGE, Governance through voting within the community
0% unlocked for 9 months, then monthly vesting over 12 months
100% unlock on August 1, 2021 **
* TGE: April 16th, 2021
**Updated based on community voted vesting schedule
With the conception of this project, we begin to visualize a world of enhanced privacy where you can live without fearing the erosion of your fundamental rights.
To achieve this, we humbly ask this vibrant market for faith and validation. We completed our seed round funding for Raze Network. The list of contributors include: Signum Capital, Spark Digital Capital, AU21 Capital, CMS Holdings, Master Ventures, PNYX Ventures, Moonwhale and Flurry Capital.