X RAYS (RAX) ICO Presale & Project Overview

TOKEN PROJECT DESCRIPTION

Introducing the Rays Protocol, an all-encompassing solution tailored for DeFi application development, with a primary focus on enhancing trading capabilities and optimizing revenue streams through off-chain applications. Positioned as a trailblazer in DeFi advancement, Rays tackles the inherent complexities and accessibility barriers prevalent in the industry. It presents a groundbreaking framework that seamlessly transitions conventional applications into decentralized counterparts, known as dApps.

This comprehensive whitepaper meticulously delineates the architecture, functionality, and pivotal components of the Rays Protocol. It delves into the roles of developers, investors, and administrators within the ecosystem, elucidating the utilization of RAX tokens and the integration of robust security measures. The protocol establishes three pivotal roles—Administrator, Investor, and Developer—interconnected through RAX token incentives and a slashing mechanism, as meticulously outlined in the Quorum contract.