Scan to Download CoinWorldCap App
Railgun is a privacy framework using ZK-SNARKs to dissociate wallet addresses from on-chain activities. Its native RAIL token enables anonymous governance voting and influences system upgrades. The project operates without a central company, featuring a max supply of 100 million tokens distributed among an airdrop, foundation, and DAO.
Railgun operates as a smart contract framework that leverages Zero Knowledge Proof (ZK-SNARK) technology to deliver privacy and security for cryptocurrency and DeFi participants. By utilizing Railgun, your wallet addresses are dissociated from your on-chain activities and transactions, preventing the public visibility that was previously standard. This allows users to maintain privacy while trading, engaging with leverage platforms, or supplying liquidity to Decentralized Applications (dApps). Because the system is built directly on the Ethereum mainnet, it eliminates the extra steps and security risks linked to relying on third-party layer 2 infrastructure. Several ERC-20 tokens are immediately compatible, including RAIL, USDC, renBTC, and renZEC, among others. The team states that more tokens will be integrated through governance votes.
Railgun places security at the forefront, right alongside its privacy features. The development team includes top-tier specialists in blockchain, cryptography, and security, and counts several prominent figures from the blockchain security sector as allies. The project relies on established libraries, and its code has undergone audits by multiple reputable firms, such as the well-known crypto auditor ABDK. Railgun operates on both trusted and trustless principles.
For those accustomed to MetaMask or other common wallets, the experience will feel intuitively familiar. Users do not need to understand the mechanics of zk-SNARK proofs or perform additional actions to send, receive, or conduct private transactions. These processes occur automatically in the background. Furthermore, because the system is open source, anyone can verify that it functions as designed.
RAIL is presently accessible on leading decentralized exchanges, offering various trading pairs with other cryptocurrencies and stablecoins. You can find RAIL liquidity pools on:
Additional resources include the Railgun.ch website, the Railgun Github repository, and promotional AMAs such as the Railgun AMA w/ AMA Room and AMA With PANews.
RAIL serves as the native governance token for RAILGUN Privacy. It can be bought on DeFi platforms like Uniswap and staked to secure voting rights on system upgrades, enabling holders to influence Railgun’s future trajectory. The team states that RAIL aims to be the first governance token permitting anonymous participation, aligning with their core privacy mission. Developers hold no special privileges that override the governance power of RAIL token holders.
Uses for RAILGUN Privacy include:
Regarding tokenomics, the circulating supply at launch was 50 Million RAIL tokens, with a Max Supply Cap of 100 million RAIL tokens. The initial distribution breakdown is:
The Airdrop targets Ethereum addresses that have donated to privacy-focused charities and nonprofits on the ETH network, including the TOR Project, the Right to Privacy Foundation, and the Free Software Foundation.
The Foundation received a grant from the Right to Privacy Foundation to initiate development. This registered charity, which is not profit-driven, voluntarily custodies 25% of RAIL tokens to support the project's long-term interests. These funds are designated solely for developer incentives and promoting the Railgun platform and future deployments.
The DAO holds 50 Million tokens, which are locked and unminted. Minting requires a vote by RAIL holders, such as approving bonus yields for liquidity pool providers. There is no RAILGUN company, meaning no VC investors or equity holders exist; it operates as a truly decentralised project.
RAIL is live for trading
2021-07-31
Alan
Zy0n
Kieran Mesquita