Raze Network announces triple IDO and Balancer launch after 88x oversubscribed sale

April 2, 2020, Singapore — Raze Network, the first Polkadot-based cross-chain privacy protocol announced its initial DEX offering on Bounce, Poolz and DuckStarter (April 12–13). This will be followed by a public distribution sale on Balancer Liquidity Bootstrapping Pool to fulfill the demand for Raze tokens in a fair, linear and decentralized manner. Trustless decentralized [...]

April 2, 2020, Singapore — Raze Network, the first Polkadot-based cross-chain privacy protocol announced its initial DEX offering on Bounce, Poolz and DuckStarter (April 12–13). This will be followed by a public distribution sale on Balancer Liquidity Bootstrapping Pool to fulfill the demand for Raze tokens in a fair, linear and decentralized manner.

Trustless decentralized privacy protocol Raze Network successfully raised $2.2 million in its seed and private funding rounds. The seed and private funding rounds had participation from prominent blockchain and crypto VC firms including OKEx Block Dream Fund, AU21 Capital, Master Ventures, CMS Holdings, X21, PNYX Ventures, Moonwhale Ventures, Tenzor Capital, Signum Capital, Spark Ventures and others. Raze Network’s latest fundraising attracted immense participation, leading to 88x oversubscription well ahead of its launch on DEX platforms and Balancer. As one of the forerunners in the Polkadot ecosystem, Raze Network is all set to build a native privacy protection layer to provide increased anonymity in the decentralized landscape. With privacy being an important factor in the current landscape, Raze Network strives toward bringing the power of free internet to reality.

“Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is building a cross-chain privacy middleware for the entire DeFi and Web 3.0. I believe that Raze Network can be the seamless and frictionless privacy infrastructure to keep the DApps private.”

— Justin Kellison, project lead and CEO

With a solid and comprehensive roadmap, Raze Network is set to integrate customized functionalities. Backed by technological entrepreneurs and industry veterans, the team is working on a solid technological stack to revolutionize the DeFi space through increased privacy features. The Raze token will be central to the incentivization for platform users. Platform users can actively participate in staking mechanisms, governance and voting proposals to drive the overall utility.

As Raze Network gears up for a massive public distribution sale on Balancer Liquidity Bootstrapping pool, the token will be available to early supporters on the initial DEX platforms. They are:

  • Bounce Finance: Bounce Finance is a leading decentralized auction protocol providing a competitive swap environment to unleash the potential of open finance. It is an advanced platform for over-the-counter trades, nonfungible token auctions and initial token offerings for blockchain, crypto and DeFi projects. Cere will be leveraging Bounce’s potential to officially begin its IDO on April 12.
  • Poolz: Poolz is a cross-chain token pool and auction platform that is a bridge between project owners and early-stage investors. It allows projects to raise capital in a decentralized and secure manner. As part of the triple IDO sale, platform will also be conducting its IDO on Poolz on April 12.
  • DuckStarter: DuckStarter is a leading token sale launchpad that allows projects to seamlessly conduct public and special rounds for token distribution. It is an advanced service platform for crypto and blockchain projects. Raze Network will officially conduct its IDO from April 12 to 13. Early supporters accessing the platform will unlock major functionalities.
  • Balancer: A Balancer Pool is an automated market maker with certain key properties that cause it to function as a self-balancing weighted portfolio and price sensor.

In the past weeks, they has strategically collaborated with leading industry players including Mantra DAO and KardiaChain.

About 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 build a second-layer decentralized anonymous module.

It will then be imported as a Substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.

Content retrieved from: https://cointelegraph.com/press-releases/raz e-network-announces-triple-ido-and-balancer-launch-after-88x-oversubscribed-sale.

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