$ RAZE was designed as a utility token to represent participation and accelerate growth in the Raze Network ecosystem
Raze Network, a substrate-based cross-chain data protection protocol for the Polkadot ecosystem, will launch its Initial DEX Offering (IDO). Starting today, April 12th, the public fundraiser for Bounce, Poolz and DuckStarter will take place, followed by a public distribution sale for Balancer Liquidity Bootstrapping Pool.
The upcoming IDO closes a private round of sales involving well-known blockchain and crypto VC firms such as Master Ventures, X21 Digital, AU21 Capital, Spark Digital Capital, Signone Capital, AngelONE, Kyros Ventures, MarketAcross, Arpa Labs, Lotus Capital and Tenzor Capital . and Block Dream Fund.
Raze Network is one of the projects aimed at providing a polkadot based infrastructure for dapps that protects privacy. In total, the company has raised $ 2.2 million in its seed capital and private funding rounds.
The triple IDO comes from the fact that Raze Network has even bigger ambitions than its original goal of developing a cross-chain data protection middleware for DeFi and Web3.0. The protocol-based solution uses the Polkadot ecosystem and reconstructs the data protection layer for the current cryptosphere.
The platform is also a cross-chain solution that can bring high levels of privacy and data access patterns to other ecosystems like Ethereum and help users interact DeFi applications without leaving the original interface.
Ultimately, this can lead to more secure crypto transactions, trading, mining, as well as removing trusted intermediaries from relevant swaps across all substrate-based blockchains.
More use cases would be added
Raze Network also introduced a “DeFi secret bridge” that allows users to run their sensitive data in an isolated and private environment. This includes their trading history, the mining of RAZE tokens, as well as access to liquidity pools.
$ RAZE was designed as a utility token to represent participation and accelerate growth in the Raze Network ecosystem. With its launch imminent, Raze Network could soon expand into several initiatives to consolidate its position in target markets. The company’s recent developments and partnerships have received rave reviews Industry publications.
More use cases would be added to the network and featured on the network as it grows for the entire Polkadot ecosystem. While the wider world of blockchain is still struggling to prove that relevant technologies are more than just hype, Raze Network plans to eventually extend its model to real world applications and general internet users.
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