We are pleased to announce our next AMA on March 21st 2021 at 02:00 PM UTC Time: Satoshi Club x Raze Network
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Raze Network Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Raze Network Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Raze Network
For more details:
Raze Network – @Raze_Net
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Your Twitter account has been blocked. Is it already known for what reason and how soon it will be unlocked? Do you have a back-up account to contact users in case Twitter won’t unblock for a long time?
Do you mind Explaining the primary functions and utility of the $RAZE token in terms of its place in the RAZE NET ecosystem? And possibly on a grander picture of the Polkadot setting?
What is the tokenomics of $RAZE Token ? I saw that $RAZE token has many use cases in the RAZE NET Ecosystem, so what is the most important use case of it ?
I believe that any emerging project should aim to solve some existing problem in the market. What is that objective, problem to be solved, or goal to be achieved at RAZE?
In Q2 2021, you are planning to launch the Liquidity Reward Program. So, what conditions do I have to fulfill and what kind of reward can I get?
Can you list the outstanding features of RAZE that you think are the strengths that will help RAZE succeed? In the future, will the $RAZE token be developed with more utilities?
I think your project has a lot of potential in future. Is there a way I could contribute my quota to the development? How can the community give feedback in regards your existing products or products in its development stage?
Do you have plans to stay as an Polkadot browser or will you explore working with other blockchains such as BSC, Houbi, Cosmos, etc? Or plan to mainnet your own blockchain?When could we see this happening?
What advantages do you have over other competitors? Who is the most similar contenders to RAZE in the market today in terms of scalability, security, ecosystem features, and sustainability?
Why did you build RAZE Net on Polkadot? Considering that this blockchain is relatively new & also your project too. So how long were you planning to launch RAZE and designing it, was the team conformed already when Polkadot was released?
RAZE banking will be able to directly relate the data of the user that owns a national bank and incorporate it into DeFi with this platform? That is, does it use the same data bank of the financial institution? or are they totally isolated?
One of the characteristics of the Raze token is that a certain percentage of the transaction fees is burned. With this, the circulating supply could reach zero? If yes, how long is this expected to happen?
Can you explain more about Secret DeFi bridge which is one of the products of Raze network?
What function does it perform and I would like to know if it’s compatible with other DeFi ecosystem asides Polkadot and Cosmos?
Raze Network has a crowdfunding feature for projects on its decentralized platform. So do you have strict control over the qualifications and transparency of projects?
How is the Raze Network’s DeFi-based cross-chain security protocol different from other protocols built on Polkadot platforms? Besides, what are the advantages Polkadot do you believe will make Raze Network perfect compared to using other plf
One of the characteristics of the Raze token is that a certain percentage of the transaction fees is burned. With this, the circulating supply could reach zero? If yes, how long is this expected to happen?
What are the highlights of Raze’s technology and products that you believe will help you succeed? How revenue does Raze generate to sustain the project, and what plans do you have to attract more users in the future?
You recently announced a partnership with Kylin Network. What opportunities does this Raze Network alliance provide and what problems have been solved? In addition to Kylin Network, what other large projects, companies and investors do you cooperate with, what do you expect from this relationship?
Raze Network uses a “Secret DeFi Bridge” which users can use to hide their history trading and it is compatible with Uniswap, AAVE, Compound, among others, what are the steps for the users have this feature?
As I can see, RAZE is busy breaking into the DeFi Space. What applications can RAZE offer in the NFT sector? Does the RAZE program provide support for NFT developments? If so, are there already developers working on NFT projects?
Raze network aim is to create a trustless privacy focussed decentralized finance system and you will be applying the zkSNARKs procedure to build a layer-2 decentralized anonymous module. I read that this privacy process is facilitated by a Secret Defi Bridge and if effectively utilised, user can use it to effectively hide trading history on platform such as Uniswap. However, the procedure seems a bit complicated because you said that users will first need to mint a private or secret version of a token first, then engage in transaction and later redeem the private token back to its native form. How will the private token be minted? How compatible and acceptable are these private tokens on popular DApps such as uniswap? Will this secret token redeem back to 1:1 of the native token? Kindly throw more light on how to go about this.
Your seed round ended on March 9, and I can observe that big names such as Signum Capital, Spark, AU21 Capital, PNYX ventures were among your prominent early backers. How successful was this event? Were you able to exhaust all the allocations for seed and were you able to raise sufficient amount which can enable you to kick-start your mission of creating a trustless privacy for Defi? Will you have further plan for private and public sales sometimes later? If yes, can you hint me on how to be part of this?
Effective marketing strategies and regular community events are one of the ways to get the community engage in robust activities which can help to create publicity about a project value so as to increase the project penetration and adoption. I can see that you have launched a meme and sticker creation contest 2 days ago with 1000 $RAZE price pool set aside for this winners. So, what are the conditions to partake in this event and how many winners will be selected at the end? What method will be used to determine the finalists or winners? Will you be having other Airdrop or bounty rewards program in the nearest future?
On your website I read, that your protocol is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi and Web3.0 stack. But, in relation to this topic, the question arises to know if through your ecosystem, is it possible to control and avoid that when making payments and commerce, users distort the main objective of RAZE and link your platform to the so-called “black internet”? How does Raze manage to preserve the security of its community, even with all the anonymity offered by your ecosystem?
Regarding the minting of private tokens from base tokens, must these base tokens be “stable coins” or is it possible to mint private tokens, through any token developed on the ETH network?
I read that users can hide their trading history, as RAZE is compatible with all DeFi products. Is it possible to connect Raze with all the blockchains we know today? Your project can be fully compatible with Uniswap, AAVE, Compound and DeFi ecosystems in Polkadot and Cosmos? How have you made this possible without having to worry about common interoperability issues or delays in operations and high gas rates?
The underlying logic of Raze Network is to mint private tokens from base tokens in the contract at a mintage value ratio of 1:1. What are the tools that you have developed to mold the native Raze Network token to the price of the private tokens that are added and achieve that 1:1 ratio? What are the private tokens that can initially be minted within your project? What is the purpose of enabling this feature within your project?
The Raze Network’s goal is to enable privacy-preserving inter-chain payment and trading systems, while protecting the transparency of your assets and behaviors from surveillance. First of all, which chains do you intend to include in your protocols to be part of the Raze Network payment network? I read that you apply zkSNARKs to the Zether framework, how does this help build a second layer decentralized anonymous module? How secure is Raze using this model?
When I started researching your project, the term zkSNARKs immediately caught my attention. For those of us who have little time in this world of cryptocurrencies, could you explain exactly what this concept is and what advantages it offers to Raze Network in terms of security and anonymity? What prompted you to make use of this system?
Among the services you offer we find that users can use Raze Network to enhance the privacy of blockchain transactions between recipient and destination addresses and transfer any token between any blockchain. What impact do you think this technology can have at the institutional level and at the level of large companies? Is this type of service designed to also adapt to these types of customers?
Why would users want to use a DeFi Secret Bridge to hide their trading history? What market need have you at Raze Network identified that prompted you to design this product and offer it to your customers?
The three principal technical abilities of Raze Network are mint, redeem and transfer, but there are other two additional modules: lock and unlock. Can you explain what these two modules allow to do? How are these functions utilized by users when they are operating with Raze?
Raze Network provides a cross-chain network between Ethereum and Polkadot, but will these two ecosystems be the only ones featured on Raze? With the recently attention attracted to the BSC network, have you considered integrating it on your platform?
You mention that the closest project to the Raze Network is the Manta Network, a privacy preserving DEX system. Can you explain how does Raze Network difference from Manta and other privacy based products? What new solutions do you bring to the crypto ecosystem?
Considering that Raze Network enables privacy-preserving cross-chain commerce and payment systems, and has the ability to move seamlessly between applications and blockchains, then what measures does it use to control risks?
I read that the RAZE token can be used for different services in the ecosystem, but what would those services be?
I have seen many projects that like Raze Network offer privacy, my question is, do you think there is a possibility that users by gettingthis type of end-to-end anonymity can use the platform to make payments for products or illegal services?
The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of our assets and behaviours from surveillance. So is this possible to achieve?, If so what will you be using to achieve it and explain how it works?
One way to promote a project to attract users is through doing AMAs and we all know how great the community support can be. Aside from doing AMAs, I’ve heard that you have some great plans to grow your community and to educate them about RAZE through various activities and events. I think many will join and excited about this, so may we know in advance what are these events you are planning for the community in the upcoming months?
You are currently at the very early stage of your project, so can you share here with us your Roadmap, what are your future plans and what are you currently working on? Also, you know as a starting project we want to know what unique features, products & services you can offer to us and tell us why we should use and trust Raze Network?
The support of the community is important for any crypto project, so what are your goals regarding the growth of the Raze community? How do you plan to attract new users to your platform? I didn’t see plans of governance on your roadmap, so have you thought about developing it?
On the Raze Network website is mentioned that the trading history can be hidden since RAZE is compatible across all DeFi products. What does this entail exactly? Can you be more specific about the possibilities? Does that apply to all blockchains?
One of the products of Raze Network is the RazeVM integration. Would you explain further how this product can be used by builders? What are the advantages of this tool?
“” Private Transactions “”
This seems to be possible with the power of Polkadot to reach anonymity As it allows end-to-end anonymity for all addresses, including anonymity in mining, this can also be achieved if your token is listed on a centralized exchange or will forever be on a Dex #DeFi?
Anonymity mining: those of us who mine Raze can be sure that everything will be anonymous including the pool and its security, what kind of security is it possible to achieve anonymity when everything can be seen with a simple hash as you do so that only I see it and Can it be anti-radar or never traceable until it reaches its destination and remains anonymous?
Raze Network will apply the Zether framework to build the second-layer decentralized anonymous payment module. I would like to know Who was the original developer of the Zether model? This model of the infrastructure is provided by Polkadot?
Each raze user can register a raze account any time (s) he wishes. The registration algorithm CreateAddress generates a secret key sk and the corresponding public key pk. Can you explain in detail what the public and private keys are for? How do they work?
The lock and unlock modules will allow the users to participate in the anonymity mining, and thus provide incentives to the users to join the Raze Network and thus increase the anonymity set. What are the percentages that miners earn as incentives? What are the steps to follow so that a user can mine on the Raze Network? The miners also have anonymity?
The Raze Network “Redeem Module” needs to invoke a zero-knowledge proof functionality to prove that the user initiating the redeem module knows the secret key of the corresponding Raze account. How will the reciever able to take ahold of the secret key? Where will the sender forward it for the reciever of tokens?
How much will it takes for the sender to use the Raze Networks private transactions feature specifically for the transfer of ERC20 tokens? Do users pay extra for the minting of private tokens and how much is the cost?
Raze Networks project establishment started Q3 of 2020 according to your roadmap. Are you already in the process of developing the technology for Raze before announcing the project or you just started it upon the introduction of the platform?
Anonymous payments have a big disadvantage. Such transactions are used by criminal elements, and this is of great concern to the state, which can impose sanctions on your project.
Tell me please, do you have a solution to this problem? Is it possible to track transactions in emergencies at the request of the government?
We are wondering about the excellent team behind Raze Network. Do you have the team with experiences and talents? Where we can find information about them?
We believe that Raze Network have top security for their projects. However, scammers always find their way in. How does Raze Network react to secure or to avoid the possibility of being appropriated by scammers?
One of the product of Raze Network is Anonymity Mining in which users can mine RAZE in a truly private way. The access to the liquidity pool always stays anonymous and secure. So, how does this anonymity mining works without sacrificing the personal data of miners? How can we trust and assure that the liquidity pool always stays anonymous and secure in Raze Network? Thank you
On the website, you warn that Raze does not have an official public sale. Does it mean that it is not at the moment? Or it has never been? Can you tell us about the sources of funding for the project?
Raze Network is a Layer 2 protocol. Does this mean you don’t have to be a whale willing to pay hundreds of dollars in fees to use your network? How much does it cost to use Raze Network and does the commission change depending on which network I withdraw my tokens to?
The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems, while protecting the transparency of your assets and behaviours from surveillance. So,how will your platform turn this objective into reality? In what time framework that this objective will be able to achieve and can be experience in the users of Raze Network? In connection with this, what kind of surveillance are you trying to mean that is being avoided in your network? Thank you
Just explain to me how it works. I have to send tokens to your contract and they will be returned to me from a different address? How will the transaction traces disappear from the blockchain?
What should I do to hide my trading history? After each buy / sale, make a transfer to your contract? Or will some tool be created to simplify this process?
How will you distribute your token? Do you have a clear distribution plan? And are there free giveaways for the community?
How will the Raze network work? As a parachain or as a bridge connected to a parachain? If as a parachain, you will participate in a parachain auction, how will you accumulate enough funds for the auction?
I am trading millions of crypto, I don’t want that my data could fall into the hands of fraudsters, who will follow my transactions until the moment of withdrawal into fiat, and then come to visit me with an iron. That’s why it’s important to me that I can do all transactions anonymously.
Question:
Is it possible to do anonymous transactions between a DEX exchange and a fiat gateway in the Cayman Islands or another gateway in an offshore area?
Raze net’s team choose to being anonymous, but nowaday there are much anon project doing hit & run for scamming user with doing rugpull, could you please give the reason for being anon team ? How Raze net convince user that your platform secure and far from scam?
I understand that Raze net is a very early stage project, but can you share a little about your plan what Raze net become in the future? What event and new development that user or your community will get ?
I read from your telegram that Raze net project using Zether Framework. Im not familiar with this, can you explain what is Zether framework and what is the use in your project?
Using Raze Net, people possible to make their history trading become secret also it can work with AAVE, Uniswap and more. But how if i as new user want to use this feature? Is there any way or guide about how to use your product?
1. Reading on your Medium, I found out your MOTTO: ”If no privacy, then what is the point?”. I totally agree with you because in order to this, arguing that you don’t care about privacy because you have nothing to hide is no different than saying you don’t care about free speech because you have nothing to say. But my question is – to counter that, what’s the technical solution Raze Network aims to offer to the public in order to get the privacy dilemma solved? The closest product to the Raze Network of the Polkadot ecosystem is the Manta Network, which is a privacy-preserving DEX system, but in which way your proposal differs from theirs?
2. In the crypto world and in special regarding token economics, projects compete and aim to give more and more utility to their token(s). So, about this, RAZE token plays the role of the core utility in the Raze Network ecosystem. But can you relate its use-cases? Does it have a governance role? What about burning – will it be a deflationary or inflationary one? What is the distribution mechanism of RAZE? Having a seed sale, what strategic investors have you managed to attract and what are your partners on the road of your project lifebeing?
3. Recently, I saw you managed to start the “Raze Network Stickers and Meme Competition”. However, we see here that serious work can be fun too. What message are you aiming to transmit to the world through this? I read about conditions for how to get qualified, but I’m a bit confused about how the winners will be able to claim their reward – can you relate this? Because you say there “Patiently wait for the final result”, but it is not shared the mechanism that will pick them(the winners) up. Does it mean that there are cheating possibilities?
Raze Network not only preempts cross-chain privacy but will also improve PolkaDot’s liquidity due to its cross-chain interoperability with chains like Ethereum. What other blockchains Raze Network is willing to provide liquidity? Only Ethereum?
The market makers providing liquidity in pools will be rewarded with RAZE token. What are the percentage gains that a user obtains for adding liquidity?
What are your long and short term plans? What progress do you think you will have obtained by the end of 2021?
hola buenos dias. hi good morning
What are the odds with excess privacy?
What protection is there on the long-term value of the currency?
Apart from the privacy that exists for its users, what other benefits can it offer?