We are pleased to announce our next AMA on February 1st 2021 at 01:00 PM UTC Time: Satoshi Club x Razor
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Razor Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Razor Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Razor
For more details:
Razor – @razornetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
question:
Razor reduces fraud activities while being in a Decentralized manner, now, Why only REDUCE the chances of Fraud, and not totally Prevents and Destroy it?
question:
They said that you cannot be DECENTRALIZED, Scalable, and SECURED at the same time in the Blockchain because it’s almost an impossible task. now, Is this true with RAZOR?
I read where you said that Razor Network is well designed and set up to provide maximum game-theoretical security without compromising speed in the process. What does a game-theoretical security mean? Since not all theoretical assumptions can be practicably realised, how achievable is this and how does the focus on game-theoretical security of your oracle data give you an edge over Chainlink, Witnet, Band and other oracle data protocols with which you share similar project objective as it has to do with decentralized oracle option?
Centralised external oracle database has been a reliable source of oracle data for Defi project due to its transparency, non-subjectivity and difficulty to manipulate for personal gains. Permissionless and decentralized oracle can be manipulated by stakers/validators through attacks such as bribery attack, Sybil attack (where stakers create indiscriminate nodes to influence oracle results), withholding attack (stakers not reporting some data) among others. As a decentralized oracle platform, how will Razor Network address this challenges? In a case of attack and disputed reports on data aggregates, what settlement mechanism do you use to validate and defend the integrity of your oracle data?
As published by coindesk, your seed funding and private sale has been largely successful as it has allowed you to raise about $3.7 million together with the support from your backers and partners. How do you intend to deploy the expenditure of this fund within your project? Also, for those who couldn’t join the private sale, will there going to be a public sale event to capture more interested investors? If yes, when do you intend to have it and what will be the mode of participation?
After meeting your team on the website, I realized that you have had a very good practice in the past:
DEX Pte Ltd, IBM, Ather Energy, Consensys …
How does the knowledge and experience gained in the past help in the development of the Razor Network today?
Is there any support from these projects and companies at the moment?
With Razor, you can:
Automated mode queries,
Manual mode queries
For manual mode queries, designated validators must manually retrieve the data and report it to the network. So, this applies primarily to forecasting markets.
How do specific validators get a chance to participate in the current epoch?
For a project to be decentralized is a very important goal for the network as centralization makes a lot of attacks feasible and mostly jeopardizes the trustworthiness of a protocol. Is Razor Network fully decentralized or have some centralized bottlenecks? And in what ways is decentralization encouraged in the protocol.
Why is Proof of Stake (PoS) the core consensus mechanism of Razor Network and what goals have been achieved on the network by using the Proof of Stake?
Let’s say I want to buy a RAZOR token right now. What do I need for this, where can I buy it and what is its price at the moment, because it changes depending on sales: $ 0.00625, $ 0.015, $ 0.025?
Will I be able to start using them right away or will they be blocked (completely or some%) and for how long?
Building and forming Partnerships really tells how important and prospective a project is. Can you share with us all the key partners that the network is collaborating with and the importance of these partners to the Razor Network?
So far the Razor Project has made many milestones, including raising $ 3.7 million in private sales, meaning that investors really trust you. But why is there no certainty when to start the Razor project? Are there any obstacles preventing you from starting this project as quickly as possible?
I read that the Razor Network will be holding a Public Sale soon. What must I prepare to participate in the Public Sale, is KYC or whitelisted required to participate?
Razor Network is partnering with DeFi Infrastructure Meter to provide secure data. How will this partnership help both platforms include trusted, decentralized, real-world data to Meter’s blockchain network? What security strategies will they create together to make this data invulnerable and tamper-resistant?
During 2020 Razor Network successfully raised a total of $3.7 million in private and seed sales rounds to assist in the research, development and marketing of Razor. What technical breakthroughs have you achieved at the start of this new year thanks to this significant fundraising? What new technologies has Razor Network adopted?
Razor Network has recently launched its Razor Knights Ambassador Program. What is the impact you hope to have with this new ambassador protocol? What are the requirements to become a Razor ambassador? What are the new communities you want to enter in order to conquer new users and investors?
How the Oracle network works securely end-to-end without central bottlenecks and
How does it support the dispute resolution mechanism? Can we say better for Razor than oracle?
How does Razor achieve maximum game-theoretical security?
In your whitepaper it’s detailed that Razor Network is making a fair and wide distribution of tokens. Can you show us your updated tokenomics? How is it “fair and wide”?
I want to ask is it true that Razor Network is an oracle that possible to work to any kind of blockchain like Polkadot, Solana or Elrond? Can you please explain about what is Razor Network product?
I saw that Razor Network already have much great partner like Matic Network, Conflux, Persistence, SKALE, XDC, and many more. So what is Razor Network already achieved with all of your partnership right now? Will you add more partner later?
Razor Network is proposing a decentralized oracle platform which addresses various shortfalls in the current designs,can you tell us what do you consider are the current weaknesses of the oracle technologies and how is Razor going to solve them in a decentralized way?
I’ve been reading at your whitepaper that lack of long term viability is part of the difficulties of developing an oracle platform, what are the core solutions of Razor Network to become a functional long term oracle platform?
I saw that Razor partnered with several projects like Matic Network, DAFI Protocol, the most recent one being Meter. What advantages does Razor recieved from this partnerships? What positives things this partners can bring to the table when it comes to improving Razor and its ecosystem? What other partners are we going to see Razor working with in the future?
You released your Tokenomics on January 28th, where you announced your token $RAZOR, a ERC20 token. Where will we be seeing this token listed on? What exchanges are you willing to work with?
Could you tell us more about your roadmap? Why isn’t there any visible roadmap on your web, or twitter? What should we expect soon from Razor? I’ve seen that you have partnered with a lot of projects lately, what else should we expect from Razor in the near future and when will we be able to find out about more of your plans?
You say that Razor is scalable, do you have in mind to expand to other products or services than just providing pricing? For example, a few days ago I participated in an AMA with Paralink, and they provide something like randomization services for betting games. Can you scale to something like that?
Oracles’ current problems are not only limited to speed or security… There is another variable that is also determinant when choosing this service… That variable is the Price, what it costs a project to use an oracle. In your comparative table of Razor against its competitors does not show the cost of each one, so can you tell us how expensive is Razor compared to other similar providers?
What are the requirements to become a validator at Razor, do I need to have any special training or anything like that?
Reviewing Razor’s tokenomics, I could see that you will have a first private sale for which you will allocate 10.9% of your tokens and a second one where you will offer 7.3%. My question is: why did you decide to have two private sales instead of unifying this amount of tokens in a single sale? is it in your plans to have a public sale in the future?
Reading about the last partnerships established by Razor Network, I could see that some days ago you established a partnership with a very interesting project: Meter, which offers a DeFi infrastructure with an embedded metastable currency. I would like to know: is this relationship purely unidirectional? I mean, Razor as an oracle provides data to Meter but you as a project do not use in any way the technology Meter offers? how do both projects work together?
How can the performance of users be enhanced by the decentralized aspect of the oracle of Razor Network? What problem that other oracles have is Razor Network solving with its product through decentralization?
Razor Network has the ability of connecting smart contracts with data in a fast and secure way. How is data secured and stored in this design? What in the design of Razor network as an oracle make it secure for users to trust it their data?
The oracle or Razor is fully secured by a highly and efficient Proof of Stake network, that has very strict consequences for misbehaviour. What are the punishments for misbehavioural users, and what is considered a malicous or misbehavioural action in the platform
How were you able to construct a truly decentralized oracle? Where does the data come from in this design, and how are data providers rewarded for the duties completed?
Exploring about Razor Network I find that Razor Network use a mechanism called” Schellingcoin” with modifications, so what are these modifications exactly? And why you decided use the Schellingcoin model as base?
⚛ The good thing about Razor is that is fully decentralized and anyone can become a Validator by staking tokens, but how many tokens do I need to apply as Razor Validator?
Currently so many people thinks that to receive a good product or service, you must pay good for it, so It is cost efficient implement Razor to starting projects that need a Oracle?
// Razor is a network of decentralized oracles.
* Does Razor have only fixed number of predefined oracles or is it expandable?
If it is expandable {
… * Who are allowed to add new oracles, only Razor team or are also outsider developers allowed?
… If they are allowed {
……. * Are there any criteria to be eligible to contribute to the network?
… }
}
// Thanks!
Razor Network can be deployed on any Ethereum compatible blockchain. What are the possibilities of getting Razor beyond that? What about bridging your techonologies to other Blockchains?
Trough its Proof of Stake consensus algorithms, Razor Network applies “strict Slashing penalties” for malicious nodes while simultaneously encourages honest nodes, can you tell us how are these penalizations and on the other side how do you reward the honest ones?
Having smart contracts access to external data is usually done by using “centralized” oracles. But Razor has a “decentralized” oracle network. How do you achieve this? What advantages do you see on being decentralized compared to traditional ones, or what problems exist to solve by decentralized oracles?
Razor Network is a decentralized oracle providing data to the smart contracts using a network of stakers. So what is this centralized servers called “Oracles”? What are it’s advantages and how is it different from other servers?
Looking back at 2020, what are some things that you would have done differently? What do you consider as your biggest obstacle for long term success and how are you trying to overcome it?
Razor Network connects smart contracts with data in fast way & Razor is not only fast but also extremely robust and economically secure. Talking about “privacy” how is RAZOR really secure & extremely resistant from collusion, bribing and censorship attacks?
what makes Razor unique? how can a blockchain agnostic be more competitive?, what advantages do you offer for the different blockchains?
Why Razor use Proof of Stake ( PoS) consensus instead Proof of Work ( PoW)? is there any particular purpose with this strategy?
How does Razor sanctions system works? what would be a misconduct and how is a “strict sanctions” to Razor?
About Razor’s dispute mechanism. how does it works? How is the process? and what are the conditions for it?
………………………………………………….. Razor Network
help me understand something, are oracle totally necessary for the proper functioning of the applications with the blockchain? Or are they simply recommended since they elevate these applications to a DeFi of another level?
Razor Networ is a decentralized Oracle network only for projects that have stablecoins? or if not, why do they mention that on their website? Could you explain us in more detail?
Is there any explanation why only btc and eth crypto are displayed on your website? Could it be that only Razor Network is compatible with the smart contracts of these chains? or just because they are the two main cryptocurrencies on the market?
Is the Razor Network fully developed? Wouldn’t they make more updates or new relevant associations? but why not show a roadmap detailing each of those scheduled activities?
In centralized blockchain projects, are oracle also required? or is it only effective and more profitable in Dex? is this the reason why the Razor Network is fully decentralized from end to end with no bottlenecks?
Razor Network will only settle in being one of the most recognized oracle in the market? or do you really want to achieve many more goals? what would those goals be?
Do you have any fear that oracle is no longer necessary in DeFi projects? Or really even if the DeFi blockchain evolves whatever it wants, it will always require Oracles to connect the data?
Apart from providing the connection of the data with the blockchain, does Razor Network generate greater scalability to those DeFi projects? How do you do it?
A proof of stake consensus protocol is used in Razor to punish malicious stakers. Will you explain how can POS concensus be able to execute punishment to the malicious stakers who may try to report incorrect or inaccurate data?
The decentralized Oracle Network
only works for ” Stablecoins ”? Why are not other types of coins used as well? And what allows the Razor Network to be as fast and secure as they claim?
How does the network of stakers used by Razor Network work? Is Razor really very robust and financially secure? How is this robust and secure economy possible?
In Razor security, how does the “escalation and dispute resolution mechanism” work? Is Razor really safe and offers transparency to its users? And how is it possible that Automated Data Recovery does not compromise security?
In addition to the fees being paid to the Razor oracle, a validity bond must be paid. The validity bond incentivizes the client to provide a valid and reliable source. Who will pay the Validity bond and how much will it cost?
After reading your medium article regarding the partnership of Razor Network to Meter Defi , therefore I conclude that this partnership is a good to go, both platforms hopes to bring innovation to each other with regards to each platform’s attribute and I see that it is really a great choice of collaboration. So my question is , can this partnership consider for long-term? Is Meter Defi, your biggest partnership so far? What more we can expect with this partnership in upcoming time? In terms of community and investors, how this partnership influence the trust of community and investors in Razor Network? Thank you!
What is the role or use of “Median Absolute Deviation (MAD)” on Razor Oracle?
I am looking for the tokenomics of $RAZOR in both website and whitepaper but it is nowhere to found so far. So, can you elaborate the tokenomics of $RAZOR token? How will this token be utilized and be monetized in your platform and in the market? Is this token has a buyback and burning feature? What is the considerable potential of this token that will outshine and will blast in this huge and overcrowded market? Thank you
You’ve partnered with Matic and other projects, but they haven’t given up on using ChainLink. What do you think it is? Disbelief or an attempt to check how good you are at real work in the mainnet and not just in testnet?
You chose PoW, but this Protocol was openly questioned from the point of view of game theory. There is some problems== For example, the node may not broadcast its newly discovered blocks but choose to withhold the block to increase its utility, The node trades off between the cost of withholding the block which is associated with the other nodes’ strategies, and the mining reward and then chooses its strategy, as well as other complexities. Did the fundamentals of game models help solve all the problems of PoW consensus and can your blockchain be considered 100% secure? Are all the problems solved for running the mainnet? If so, why is there no roadmap as an indicator of a clear direction in the future?
In addition to the Oracles, in what other directions do you develop? I read that you did the deltaOne – synthetic asset platform. Will it be used for loans, yield-farming, other services, perhaps DEX?
Since Razor Network is blockchain agnostic what benefits will you offer to the different blockchains? And on how many Blockchainchain you will provide your service?
As i know Razor Network Oracle uses the schellingcoin mechanism. the mechanism is flawed and is vulnerable to various attacks. How Razor network will solve this problem? How “dispute” mechanism solved on Razor network?
Many Oracle projects are coming nowadays and for solving the oracle problems they depended on a Centralized solution. How effective Razor Network Oracle in this case ? Does Razor Network have a 100% Decentralized oracles or you also retain some centralized basis?
As your core consensus mechanism you are using POS. why did you choose POS over other popular consensus like Tendermint, POW…etc? How you can prevent hacking attacks like Sybil?
Is partnering with Conflux means you will focus on Chinese market? Or there is another reason behind this partnership?
Who can become a validator on Razor network? Can I be a validator? What are the requirements to become an honest validator? Also is there any punishment for being dishonest? What are the penalties?
For becoming a validator/stakers what are the actions that must be completed? Also can anyone be a validator?
I read that Razor Network is using Sliding Court mechanism, can you explain about what is this mechanism used for and how does it work ?
So Razor Network’s Testnet already been live few months ago but I wonder when will your Mainnet launch? And can you please tell me what is Reality Aware Tokens or DeltaOne V1 on your testnet?
Everyone knows who is the industry leader now. Therefore, I can only consider the prospects of your project in comparison with ChainLink. Technically, how does Razor differ from Link? Do you have a plan on how to catch up with Link and select the “leader’s shirt”, or will you be satisfied with a place in the middle of the rating?
Intеrеsted in the issue of scalability in Razor. Is Razor capablе of hаndling lаrge amounts of data due to high on-chain оpеratiоn costs аnd limitеd computаtion?
Whаt is the mission and vision of the Razor project? is it just the development of an AI-related blockchain platform that еmpоwers and tаkes DеFi to thе nеxt lеvel?
Bаsed on three charаctеristics of smart contracts, nаmely rigor, environment, and data size, most cоnvеntionаl blockchains find it difficult tо intеgrаte an AI model into their smаrt contrаct, so hоw does Razor plan to achiеvе this?
AI mоdels are usually written in Python or Java, so how can they guаrantее strictеr syntаx and bеtter security in Razor?
Using AI, Razоr оffеrs great business solutiоns, but not everyone makes blockchain decisions. What are thе Razor strategists to convince thеm and mаke the blоckchain mainstream?
What tооls does Razor offer for data mаrket dеvelopers? Is there financial suрроrt and guidancе for such develoреrs?
Rеgulation in diffеrеnt countries is a problem for decentralized finance. How does Razor plаn to аchiеvе mаss adоption wоrldwide?
What Razor mechаnism is needed to creаte proof of the intеgrity of thе еntire dаtabase avаilаble on Ethеrеum?
Hоw dоes Razor protect against technical errors and inaccuracies? What is the main difference bеtwееn Razor oracle аnd othеr оrаcles like Band Protocol, Chainlink, etc.?
What аdvаntages dоes Razor hаve to bеcome the most trustеd data provider? And is the Razor token used as a paymеnt method for data transactions?
Q❇️
Your project is in its initial phase.what about your short term goals? Does it include partnership with any other Projects?
Iam little bit confused about the consensus algorithm used by razror? Can you tell me more about this?
As per my research your seed funding and private sale has been successful and raised about $3.7 million. Did you expected this?