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 Network is an advanced ecosystem for the Cardano blockchain platform. Our goal is to create the best multifunctional DeFi ecosystem for Cardano blockchain. XRAY is the governance token that powers Ray Network ecosystem. This is well positioned for community-led growth, development, and self-sustainability token.
When most services are fully launched, the token will be used as payment for those services, such as premium Minterr marketplace placement, RayPad placement, tokens minting, governance, and yield farming in RaySwap / RayStake. It will also be used in our Atala PRISM-based B2B solution.
A community-managed treasury opens up a world of infinite possibilities. We hope to see a variety of experimentation, including ecosystem grants and public goods funding, both of which can foster additional Ray Network ecosystem growth. Ray Network has set the standard for automated liquidity provision: it is now time to set the benchmark for responsible but radical, long-term aligned on-chain governance systems.
In the meantime, XRAY holders will have immediate ownership of:
Used to store development & marketing funds
addr1qx6ndpw2uma2qytf2zynvv4crqdwkmck0a2r4vm20gwkzercd5kvnadmwssrwpce6x4c2rm7t6aj3rlkfh2f775fu7fqsdyrayAddress where XRAYs are stored for the Involved User Incentive Program in Stage2
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