Railgun price

RAIL

#3648

Rail is currently available on major decentralized exchanges, with multiple pairs for cryptocurrencies and other stablecoins available.

Explore Rail pools here:

Sushi Swap UniSwap Balancer:

RAIL is the native governance token that is used for RAILGUN Privacy:

RAIL is purchasable on DeFi exchanges like Uniswap, it acts as a governance token and can be staked to gain voting rights on upgrades to Railgun. Owning RAIL allows you to participate in the future direction of Railgun. Our core goal of maintaining privacy also applies to governance; RAIL will be the first governance token allowing for anonymous governance participation.

Railgun developers will have no special privileges that supersede any governance of the RAILGUN system by RAIL token holders.

Circulating supply at launch: 50 Million RAIL tokens. Max Supply Cap: 100 million RAIL tokens. Summary of initial distribution: 25% to Airdrop 25% to Foundation, 50% to DAO

Airdrop: Ethereum addresses that have made donations on the ETH network to privacy charities + nonprofits, such as the TOR Project, the Right to Privacy Foundation, the Free Software Foundation, and others, will be given an airdrop of RAIL tokens.

Foundation: The Right to Privacy Foundation issued the grant to develop this project in the beginning, and has volunteered to custody 25% of RAIL tokens to support the long-term benefit of the Project. The foundation is a registered charity and is not motivated by profit. These tokens will be used only for incentivizing developers and promotion of the Railgun platform and future deployments.

DAO: The tokens given to the DAO (50 Million) are locked and unminted. They can only be minted by a DAO vote by RAIL holders (For example, if the DAO wanted to give a bonus yield to liquidity pool runners of RAIL token.)

There is no RAILGUN company, and thus there are no VC investors or equity holders– it is a truly decentralised project.