Raze Network, a Substrate-based cross-chain privacy protocol, is set to announce the strategic listing of its Raze token on popular decentralized finance (DeFI) platform, Uniswap as well as Balancer. This listing closely follows its recently completed triple IDO event on three launchpads.
The yet-to-be confirmed listing on Uniswap took place on April 16, 2021, at exactly 3 PM UTC. This milestone will open up Raze Network to more people looking to own Raze tokens as well as actively participate in the trustless decentralized privacy protocol.
According to Raze Network, its token listing on Uniswap is only one of several other listings expected to take place in the near future. Interestingly, apart from going live on DEX exchanges, $RAZE tokens will also soon be listed on several tier-1 centralized exchanges.
The IDO had been staggered across three independent platforms over the course of two days in order to maximize opportunity, fairness and participation for all. Otherwise called ‘Raze Network’s Token Generation Event (TGE),’ the financing round took place on Bounce Certified, Poolz Finance and DuckStarter.
The fundraising round was followed by an additional public sale on Balancer Liquidity Bootstrapping Pool. Nearly 4.8M RAZE (4% of total supply) are set to be distributed in order to fulfill the demand for Raze tokens.
Raze Network has opted for an IDO fundraising to allow community members benefit from built-in liquidity pools and immediate trading, as well as save on lower costs for listing.
$RAZE is set be the lifeblood of the Raze Network, designed as a utility token to represent participation in the ecosystem. The privateness protocol aims to guard anonymity for all the DeFi stack on the Polkadot ecosystem.
“With triple IDO platforms, Eco launch partners, and Balancer LBP, we basically cover all possible sectors, allowing our current and future investors to be more likely to join us in this journey should they put in the work,” the company said in a statement.
Raze helps crypto privacy progress from theory to practice
Raze Network’s applications present the decentralized finance (DeFi) community with a cross-chain middleware solution on Polkadot for concealing transactions when operating on decentralized exchanges.
With a clear vision and solid use-case, the protocol-based solution resolves blockchain issues around the lack of privacy, interoperability, usability, among many others.
Raze Network also picks up where DeFi left off, introducing the concept of removing trusted intermediaries from swaps across multiple blockchains. This means that privacy will exist in the core architecture, while taking advantage of the interoperable ecosystem that Polkadot brings.
Raze Network has recently entered into many partnership agreements to progressively develop the adoption and the use cases of its cross-chain privacy protocol.
Most recently, it developed a private payment protocol to provide DeFi users with both safe and private financial transactions. Raze Network has also unveiled a bridge for RAZE tokens between Ethereum (ETH) and Binance Smart Chain (BSC).More use cases would be added to and unveiled on the network as it grows to serve the whole Polkadot ecosystem.