Community Update — RAZE AMA EP01

Raze Network
5 min readFeb 2, 2022

To all Razers,

You’ve asked, we listened.

Now we answer.

In the last Medium article, we stated that we would like you to get involved in the RAZE journey and we value your feedback not only because you are a part of this project but also, as a project, we are basically freewheeling since we are pioneering in what we do and what we are building simply hasn’t been done before. And your feedback could potentially enlighten us on how to continue this journey.

From now on, RAZE AMA will become a common practice in this community. EP01 is only the beginning of this endeavor.

Here we go 👇

1️⃣ What are the planned dates to launch on each platform (Ethereum, Polkadot, Matic, Ada, Solana, Casper, Vite, Ftm, IOST… etc)?

A: ERC-20 tokens are supported already. Raze Network Smart Contracts will be deployed on other EVM compatible public chains, which are scheduled for Q3-22.

And we plan to get deployed on Ethereum, Polygon, Avalanche, Terra, Moonbeam, maybe others as well but we haven’t decided yet because such a decision needs careful coordination.

2️⃣ Is there a plan to do privacy transactions for NFT’s?

A: Good suggestion. We believe many of the Raze Network partners can help us achieve this. However, at this stage, we are not eager to jump on the bandwagon. Many thanks for this suggestion. This is on our radar but it will remain a non-priority at this stage. Our plans for this year are visible in our roadmap v2.0.

3️⃣ What is Raze’s plan to control their schedules and assure on-time delivery of the milestones in the 2022 roadmap?

A: Thanks. We understand your concern about timely delivery. However, the timeline and the specific actions are inevitably getting less specific because of the manifold factors such as market needs, project strategy, or even compatibility. Simply hitting the dates is not of utmost importance at this stage. Raze Network, as a whole, needs strategies and high-level planning, which is something we are trying to achieve, especially with the current market status. Hence we will provide you with a bi-weekly technological and business development/marketing update so you can follow our progress.

4️⃣ What is Raze’s long-term plan 2023–2025?

A: As a team, we need to think from a strategic perspective so the future of Raze Network and privacy will be propelled in the right direction. Because the crypto space is evolving at such a rapid pace, it’s difficult to plan long term (2023–2025), hence we have announced our Roadmap V2.0 for this year until the end of 2022.

However, the whole team will continue working on the pressing matters and improving the network and user experience to meet the growing demands of our community and blockchain technology. We will have an agile approach towards new developments so that we can respond to this and, of course, we will keep our community up to date on time through our bi-weekly technological and business development/marketing update (starting end of January 2022)

5️⃣ Will Raze request Certik to evaluate the Raze Project?

A: As indicated in our Roadmap V2.0 we will proceed to conduct a comprehensive security audit on all parts connected with our user’s fund. This is planned for Q2–2022. This move will be executed in partnership with the top-performing blockchain security firms. We haven’t decided yet which party will do the audit, this will be announced in due time.

6️⃣ Raze scored low on the AI system. Will Raze evaluate and validate the reasons for this low score and ways for improvement?

A: We are not familiar with the AI system although we are well aware that we continuously need to amp up our game and try to improve on all levels to stay ahead of our competitors. One of the examples is that we hold this AMA for example. We like our community to get involved on the RAZE journey. This year for RAZE is all about #RazeTheStakes!

7️⃣ Raze has already unlocked 55% of the max. coin supply, what is Raze’s plan for unlocking coins and how often will that happen? Will the circulating supply increase at any time? If so, when and what is the reason? When is Raze going to complete unlocking all of the max supply? Is that ever happening or are there always coins that will never be unlocked?

A: Raze Network team has completed its investor/advisor token vesting schedule as announced on August 01, 2021. All of these tokens have been unlocked as per Community Voting, there will be no more community investor/advisor tokens to be released in the future.

Tokens that are being added to circulation are being used for operations, airdrops, campaign rewards, and liquidity. Liquidity rewards tokens do not have a vesting schedule and can come out at any time.

8️⃣ When will Raze be deflationary, this was supposed to happen when the mainnet was launched right?

A: This will commence on a monthly basis, where tokens are purchased from the secondary market with the revenue from the project (70% of the related income is used for the buy and burn plan) and then sent to the token burn wallet.

9️⃣ We need to see frequent visits from lead members of the dev team to the official Raze telegram channel.

A: You probably are aware that privacy coins are under a magnifying glass and have to deal with tight regulations, think about the Securities and Exchange Commission for example. So as a project you don’t want any of your devs to have to deal with such watchdogs since they are only coding. Our devs, therefore, remain anonymous. Although as indicated in our recent Community Update on January 20th, 2022 we will share bi-weekly updates (progress updates) instead, starting in the next couple of days. We will make sure that a new Business Development Manager and Marketing Manager will jump in the channels now and then when they are onboarded.

We appreciate your patience and support.

Let’s look forward to seeing you in the next one!

About Raze Network

Raze Network is a cross-chain privacy protocol. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.

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Raze Network

Raze is a trustless zero-knowledge proof system designed specifically for decentralized finance.