RAI Finance
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RAI Finance

RAI Finance Reveals “Ground Breaking Plan”, and will Launch on Mainnet

Intro: November 29th, Launch on mainnet and Breakthrough the Ground.

Since 2020, DeFi was completely ignited by the blockchain on-chain ecosystem. That’s also the start point when DeFi steps into the stage of rapid development. According to data from Defillama, currently the overall TVL of DeFi has exceeded $250 billion, with a growth rate of 200 times compared with the same period last year. In essence, the typical on-chain incentive mode of “liquidity mining” reshapes the relationship between users and DeFi, making users the collaborators, motivators and managers in the DeFi ecosystem, and giving birth to the further evolution of ideology. The in-depth transformation of collaboration has brought a steady stream of users, funds and liquidity to DeFi.

Indeed, the rapid growth of DeFi also has some prominent problems. Liquidity mining not only allows users to participate in the cooperation of DeFi, but also further fills the DeFi ecosystem with FOMO emotion. In the meanwhile, various DeFi protocols are selling the high mining APY feature to attract users to participate. In addition, the atmosphere of “mining, withdrawal and sell” is prevalent, and the products are highly homogenized. Therefore, DeFi is also full of bubbles and “puffiness”, which in turn leads to the instability of the value base of DeFi ecosystem. For example, the “5.19” crash caused by bad news accelerated the escape of DeFi funds, and TVL cut back. When trading is no longer the dominant behavior of DeFi, perhaps DeFi as a whole is more suitable for studying products and businesses, which will also help DeFi achieve product innovation and breakthrough.

Facing the dilemma of the DeFi industry and the future development of the on-chain ecosystem, we can’t help asking, where is the breaking point in the future?

Through in-depth insight and assessment of the industry and referring to the development route of Internet products, RAI Finance believes that Socail+DeFi — SocialFi — will be the next breaking point of the industry growth.

Based on this, the RAI Finance team expects to build an epicenter in the Web 3.0 world from the perspective of social and trading.

What has RAI Finance achieved since we started?

Product & Ecosystem progress

RAI finance has carried out extensive and in-depth cooperation with many cutting-edge partners in the industry, such as DID blockchain identity aggregator Litentry, blockchain open-source platform Avalanche, de-centralized indexing protocol The Graph, layer-2 solution provider Meter, blockchain oracle Chainlink, and Polkadot heterogeneous cross-chain protocol Darwinia, ect. In the meanwhile, RAI Finance will realize multichain deployment on Ethereum and Polygon. The social data infrastructure framework built around the core functions of RAI Finance, the tradable scope, types and tools of Swap and aggregation trading are beginning to take shape, which has laid a solid foundation for the ecosystem take-off of RAI Finance in the future.

In the past 3 months, RAI Finance has been through comprehensive code audit by the smart contract audit institution and tested by the global community within our two rounds of Beta Pro Brain Trust Events, one round of Beta 2.0 public test and one round of Beta 3.0 public test. Many of our enthusiastic and loyal community members actively participated in the public tests, with a total of 12,128 users participating, and created more than 8,000 portfolios through the social trading function, of which more than 1,000 users deeply used the aggregation trading function, submitted 551 bug feedback and optimization suggestions for the swap function, and helped RAI Finance’s product and technical team complete more than 100 optimization and improvement.

We divide overall development route of RAI Finance into four stages: Shell, Soil, Troposphere and Thermosphere. At present, RAI Finance is in the Troposphere stage as a whole, and the products based on Ethereum test net and Polygon test net are under gradual improvement.

After several rounds of optimization iterations, RAI Finance products have realized the following functions

  • Wallet
  • Swap
  • Aggregator
  • Social Trading System (STS):View and filter selected token assets, portfolios and investment managers; View and compare the performance ranking and historical portfolio records of investment managers; Participate in and trade portfolios; Become an investment manager, display personal profile and create a public investment portfolio; Manage the portfolio through smart contracts and adjust the proportion of assets held; Set and receive price alert prompt.

Branding

In order to further fit our vision, through community voting, we renamed our token ticker from RAI to SOFI in October, which means social + defi. At the same time, we also launched our new token logo with social implication.

Since the launch of RAI Finance, we have been globe-trotting. We have successively held and been invited to participate in more than 10 AMA events in global communities such as the United States, South Korea and China, including ShinChan community, Coinko community, Bihu community, Cobak community, Bibox community, Panews, etc. We initiated the Korean POLKADOT Alliance (KPA) and took lead of activities like the first online video roundtable event held with Darwinia, Parity and SORAMITSU which attracted wide attention. We were also invited to Polkaworld’s Polkadot spring garden tour and WDAS conference, where we gave magnificent speeches. Early 2021, RAI Finance, as leading DeFi project, was included in Korean government led blockchain paper, which further expanded the global influence of RAI Finance.

For now, SOFI, native token of RAI Finance, has been launched on many head trading platforms of the industry, including Huobi Global, Bithumb and Bibox, etc. With the further development of RAI Finance ecosystem, SOFI is also expected to land on more high-quality trading platforms and continuously improve its liquidity in the future.

Unlike other DeFi protocols, RAI Finance aims to become the epicenter of the Web 3.0 world by issuing digital assets, cross-chain trading and social trading platforms. After several testnet upgrades and comprehensive development, this idea is about to be realized. We are pleased to announce that RAI Finance shall launch the “Ground Breaking Plan”, aiming at promoting the launch to the main network.

Through the continuous testing of products and further improvement of functions, RAI Finance’s social trading products have become relatively mature. RAI Finance will also go online on the main network in the near future. We name it “Ground Breaking Plan”. We hope that RAI Finance products, as industry breakers, will amaze the world at its debut.

Time to release on mainnet: November 29th, 2021 21:00 UTC+9

Functions will be launched: Swap, Aggregator, Social Trading.

In comparison, the Swap and Aggregator segments of RAI Finance combine Ethereum’s layer 1 and Polygon’s layer 2 schemes to provide users with a wider range of asset exchange and liquidity options and more efficient and cheap trading schemes.

As an innovative sector of RAI Finance, the Social Trading System realizes the deep-seated interactive communication of users. Through the two-way interactive mechanism of investment managers and investment follow-up users, users can deeply explore high-quality assets and potential investment portfolios, and maximize the investment income of users of crypto assets.

Since the launch of RAI Finance products, our team has been developing and improving the products day and night, and has been recognized by community users and the industry. The launch to the main net will be the most satisfactory answer we will present. Of course, the launch to the main net will also be a new starting point for RAI Finance ecosystem. The ecosystem will also appear in the blockchain world with a brand new look and forge ahead in the direction of Web 3.0. It is also an important step for us to build an open, shared, CO governed and mutually beneficial Web 3.0 epicenter.

Let’s stay tunned for the RAI Finance’s “ground Breaking Plan” together!

Follow the RAI Finance public channels for future updates

▪ Official Website: https://rai.finance

▪ Medium: https://medium.com/rai-finance

▪ Twitter: https://twitter.com/RaiFinance

▪ Telegram: https://t.me/RaiFinance

▪ Github: https://github.com/RaiFinance

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RAI Finance aims to become the epicenter of the Web 3.0 world, through the issuance of digital assets, cross chain trading and its social trading platform.

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RAI Finance

RAI Finance

RAI Finance is a decentralized finance application that provides digital asset users with social trading system, aggregated swap on heterogeneous blockchains

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