RayNetwork DEX (XRAY) Initial Stake Offering via Cardano (ADA)
223Looking at the Ray Network or XRAY project inside the Cardano Ecosystem. The first in the Cardano ecosystem to offer initial staking rewards by delegating to a ADA stake pool.
If you want more information click here https://rraayy.com/
Basic information to follow.
Get 5% ROI in ADA by delegating funds to a Ray pools and receive additional rewards: 1 XRAY per each 50 ADA / Epoch.
Ray Network is an advanced open-source ecosystem for the Cardano blockchain platform. It includes a light wallet with many features such as: sending and receiving funds, defi swap, NFT marketplace, staking center, and others.
Our services increase blockchain use adoption; they empower regular users, developers, creators, liquidity providers, and traders to participate in a financial marketplace that is open and accessible to all.
Ray Network was founded by Sellpixels.com, owner of the Visual Builder SAAS platform that helps hundreds of technology companies around the world build web applications. Sellpixels.com provides full circle software development services such as frontend, backend, microservices, ci/cd, ui/ux, and more.
What is Ray Network and XRAY token?
Ray Network is an advanced ecosystem for the Cardano blockchain platform. Our goal is to create the best multifunctional (DeFi) wallet for Cardano.
XRAY is a governance token that powers Ray Network ecosystem. This is well positioned for community-led growth, development, and self-sustainability token.
Ticker: XRAY
Policy ID: ae2a0aa5a24b27d9868c4a73b7c08077ac21baade5eca0fa467a2bbd
Fingerprint: asset14y0dxsz9s9nd2lefkqvuu7edqlsg5p70r3wyxa
What is the utility of the XRAY token?
When most services are fully launched, the token will be used as payment for those services, such as premium Ray NFT marketplace placement, Ray KickStart placement, tokens minting, will be used as a governance token, and yield farming in Ray Swap. Later we will announce our B2B solution based on Atala PRISM.
Ray Wallet is a web light wallet for Cardano. Light wallets don't need to download or synchronize the blockchain. This means that once you open the wallet, you can send or verify the transaction receipts right away.
Ray Network token - XRAY - is a Cardano-based cryptocurrency token for fuelling the Ray platform. Ray is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions and other services.
Ray Swap is an automated liquidity protocol for creating liquidity and trading native tokens on Cardano. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for fast, efficient trading. Where it makes tradeoffs decentralization, censorship resistance, and security are prioritized.
Ray is open-source software licensed under MIT License.
How Swap Works
Prices are determined by the amount of each token in a pool. The smart contract maintains a constant using the following function: x*y=k. In this case x = token0, y = token1, k = constant. For each trade a certain amount of tokens are removed from the pool for an amount of the other token. To maintain k, the balances held by the smart contract are adjusted during the execution of the trade, therefore changing the price.
Ray NFT is a decentralized marketplace for digital goods, including collectibles, gaming items, digital art, and other digital assets that are backed by a blockchain. On Ray NFT, you can buy, sell, and trade any of these items with anyone in the world.
Trading on on Ray NFT takes place through a smart contract, meaning that no central authority ever holds custody of your items.
ata Containers is a protocol that standardizes information written in a blockchain. The basic model is containers that are created by users, with write or read access allowed by the creator.
For example, your medical records are always with you: when you visit a new doctor you can share the necessary historical data for your check-up, while at the same time the doctor will trust this information, knowing that it is really yours.
There can be hundreds of such use cases in your daily life, from medical services, to car maintenance, to a trip to the store. The blockchain era will make your life more secure and simpler.
Management of private information is made easier with Atala PRISM.