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Raze Network x Satoshi Club AMA Recap from 21st of March

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Raze Network and our guest was Justin Kellison who is leading the marketing front of Raze Network. The AMA took place on 21st March.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram community

Hello dear community, we are excited to be here with the first AMA of the day

Hello, dear Satoshi Clubbers!

We are pleased to announce our AMA with Raze Network

Today our guest is @JustinK2!

@JustinK2 welcome to Satoshi club

Hey guys,

Pleasure to be here!

How is going your weekend?

It’s going great,

Looking forward to a great AMA with Satoshi Club members too!

We’d also love to hear something new today!

Therefore, we expect from you interesting facts about Raze Network.

All up for it. Let’s go!!

But first, tell us a little about yourself

How did you get to be involved in crypto & Raze Network?

Sure.

I am Justin Kellison. I have been a contributor in the crypto industry for around 4 years now, and have worked with few multi-million dollar DeFi projects. I have mostly worked on the marketing front and have created exposure and content for the projects I have managed.

Through my network i got in touch with Raze Network and its team, and we both liked each other’s work and thus i was onboarded in RAZE team.

Lucky to be a part of this great journey!

I will be leading the marketing front, and my focus here will be on growing and strengthening the RAZE community, and create ELI5 content for them. The one most asked for.

And please, tell us a little introduction about Raze network

Sure

So Raze Network is a second-layer protocol that will provide cross-chain payment privacy for the entire DeFi stack of the Polkadot ecosystem.

Since the Zether framework we use was designed to support the Ethereum account model, the Raze contract will support both tokens issued in the Polkadot ecosystem such as DOT & Kusama as well as ERC-20 cross-chain private payment.

Through our RAZEVM integration, we will be able to connect to any DeFi or Web3.0 product, and then mint privacy tokens in 1:1 ratio.

By using zero-knowledge algorithms, the identities of involved parties, balance and transaction amount will be hidden, thus protecting privacy to the fullest extend.

This is a very interesting feature!

Is it true that you are compatible with all blockchain ecosystems?

How did you achieve this? All the same, this is due to compatibility, gas prices, etc.

Our product is EVM-compatible.

So not only Polkadot, but you will be able to connect to dApps built on Ethereum (for example Uniswap, Aave, Compound etc) and use their services in a completely anonymised manner.

Plus we will also be working on cross-chain bridges in future, which will map other chain tokens on Polkadot.

Thus increasing Polkadot ecosystem liquidity and giving access to Polkadot DeFi ecosystem too.

It’s amazing

Could you explain more about the end-to-end anonimity, how Raze network provides it?

For this, we will be implementing zkSNARKs algorithms.

zkSNARKs/Zero-Knowledger proof technology comes with modules which helps in anonymising the transaction amount, balance, and also the identities of parties involved.

We will be implementing this tech in substrate smart-contracts to achieve this for Raze Network.

Thanks for your intro! Want something else to add? Or can we start with questions from community?

Lets jump in!

We will be using zkSNARKs algorithms and it’s modules to achieve this. Mainly Mint, Transfer and Redeem modules.

We are currently working on substrate smart contracts, but we expect our product launch by Q3 2021.

Our Roadmap: https://docs.raze.network/getting-started/roadmap

Any surveillance activity will be avoided if you use the Raze Network protocol.

Not all transactions are meant to be made public, and through RAZE such privacy can be maintained.

Which is your main target reached until now?

Our Project was established in Q3 2020.

We have released our Whitepaper and are doing our fundraising round currently.

Developers are working on Substrate smart contracts, and will also open-source our code very soon (expected this month only).

Open-sourcing our code is another big milestone for us, as that should build trust amongst the community and the investors.

Q3 2020 pardon me

Right, my bad.

“2021 Q2 — Liquidity Reward Program” What about this step in your roadmap, how it will works?

So a good portion of our reserves will be used to provide liquidity in pools.

In future we will be working on a cross-chain dex, which will work with the help of the cross-chain bridges as previously mentioned.

Most of this liquidity reserve will go as reward to these liquidity providers, but exact details are to be out in time on this.

Sounds good

Thanks for the clarification

Wow, great option to attract users and increase liquidity

Ready to proceed to the next question?

Yes indeed!

These modules are self-explanatory.

The lock module allows an account owner to lock the account while the unlock module allows the owner to unlock the account.

These modules are required to access all DeFi functionalities where locking/staking of funds is required.

The 5 modules together makes all transactions anonymous and also helps in accessing all DeFi services in an anonymous/untraceable manner.

thank you very much for the answer. I want to ask you about anonymous mining. How it works?

@JustinK2 is there any approximated date for a public sale? are you preparing it?

As said recently, Raze Network will have it’s own liquidity pools.

These pools will be completely anonymous as zkSNARKs algorithms will be used, and the liquidity reward sent will be in RAZE token which will be anonymous in itself.

This process of earning tokens (in a completely anonymised manner) by providing liquidity is known as anonymous mining.

Public sale round will be our next and final round.

We are expecting this in early April, exact date to be announced once things are confirmed.

Great news, we will be expecting for the official announcement

My friend, are you ready to proceed with the next question?

Wow! it’s very soon!

Yes lets go.

Partially covered haha

Raze will have three fundraising rounds:

– Seed Round: Already ended.

Details of Seed round: https://raze-net.medium.com/raze-network-seed-round-fundraising-highlights-1deb31fa7c44?source=social.tw

– Private Round: Closed, details soon to be announced

– Public Round: Yet to take place.

We are expecting our Token Generation Event (TGE) in early April.

Exact details to be out. Stay tuned!

Great answer! Thanks!

Actually private sale round is also closed now.

We were more than 30X oversubscribed for our first two rounds.

Got great interest for it, but had to select only a few from those who shown interest.

Rest assured we have picked the best ones, who will help us in long-term success of Raze Network.

don’t even doubt

Great work, it seems that the community have shown a lot of interest in the project

Ready to move to the next question?

Btw, is there a whitelist for the coming public sale? or everybody can join?

Yes lets go

There will be a whitelist process, yes.

And anyone can join, as it will be a public round.

Thank you, now let’s proceed

They are from zkp algorithms under Zether framework.

The public key is the identifier of the Raze account, and private key gives access to the funds stored in that account.

It’s a bit technical, but we have covered it in detail in our “Technical Architecture” doc: https://docs.raze.network/getting-started/technical-architecture

Have your contract been audit? are you in process to do that? it is a key feature to increase user trust

Yes we our in touch with Certik about this and have come to an agreement.

Certik will be auditing our code.

They are one of the most well-known audit firms out there, and we are happy to come to an agreement with them about this!

and we are very glad to hear that!

Thank! Do you want to add something else? Or can we proceed to the next question?

Lets proceed.

[

Sticker ]

Currently we are working on our Substrate-based smart contract, which is using zk-SNARKs algorithms.

In future we will also be working on cross-chain bridges and a cross-chain AMM protocol.

Our next 3 near milestones are :

– Open-sourcing our code

– Token Economics Whitepaper Release

– Token Generation Event

We are expecting the first two to be out this month only, and TGE sometime in early April.

Partnerships and other awareness campaigns will also be announced as we go.

Don’t forget to share with Satoshi Clubbers

We would like to know more about your Tokenomics, could you give us an advance of that “Token Economics Whitepaper”

Any easter egg as well

For sure.

We are proud to collaborate with Satoshi Club on this front, and happy to work together to make Raze Network a success!

It’s an honor for us to work with you

We are actually also working on a staking program, so that users who are not comfortable with Liquidity pools, or don’t understand it properly, can participate and earn rewards on their staked tokens.

This is something which we have internally discussed, but exact details will be out very soon!

@JustinK2 We are confident that you are well-intentioned when creating your cross-chain private protocol. But didn’t you think that this could be used by the criminals?

to clear money?

Money laundery right?

Yes…

Good point

This is something which always comes in mind when someone says “privacy tokens”.

Privacy is a fundamental right, and if want crypto adoption then you can’t make all your transactions public.

Whether it is related to business or it is personal.

You won’t like competitors/others to see your sensitive transactions on blockchain, as it is public and anyone can put your address in explorer and see all your past in one go.

Obviously illegal activities are not recommended or encouraged, but protocols can be improved to deal with such situations.

We are still in experimental stage of crypto. We have a long journey yet to cover.

Moreover, fiat is even less secure when it comes to money-laundering. Blockchain is the future. But as said above, we will surely comply with the new regulations or tech which makes private transactions much more secure for such cases. Happy to work on that front!

thank you for your honest answer and your position. everything is clear to me. ready for the next question?

Yes please!

Completely agree with you about Fiat

A long one

Raze Network provides a protocol through which you can mint private tokens on another dApp, and use their services in a completely anonymised manner. Thus your privacy is completely protected and service desired is also fulfilled.

As we can connect to any dApp or Web3 product (whether on Polkadot or Ethereum), our target market is huge and scope is high.

We are not limited to just one product this way.

Plus Raze network does not use any trusted set-up usually used in projects implementing zkSNARKs technology, which is centralised and requires a trust-ceremony to occur.

Differences between Manta Network and Raze Network is also outlined in our docs here:

https://docs.raze.network/getting-started/ecosystem-fits

@JustinK2 my friend thank you so much for this interesting first part of the AMA

It was my pleasure to answer these questions.

Also ready for the upcoming community round!

@JustinK2 If you like, let’s dwell a little on your cross-chains. Or you can just share useful links and information before opening the chat

The rain of questions

, we will open the chat, please answer your 10 favorites questions

Yes please free to join Raze telegram community chat: @Raze_Net

Our admins will be happy to answer any question about RAZE, anytime!

Sure!!

Join Satoshi Clubbers

Satoshiclubbers let’s join

Part 2 — live questions from the Telegram community

zkSNARKs is out there for years now, and being improved as we go.

Our devs have deep knowledge of zkSNARKs algorithms, and have already implemented it on Ethereum before.

We are pretty confident on it, but obviously we will get our code audited from Certik, one of the best audit firm, to built more trust in our code.

Justin — RAZE Network | (Won’t DM Anyone First)

That’s correct.

Connect to any dApp or Web3 app, whether built on Polkadot or Etheruem, and use their services in a comoletely anonymised manner.

Being EVM compatible greatly increases RAZE potential/targetted market.

Justin — RAZE Network | (Won’t DM Anyone First)

Yes, unfortunately.

We realized that many other twitter accounts were suspended for some reason, and we are waiting for ours to back online. Usually it takes 7 days.

We had to delay some good announcements, but now we are going with how it is.

But meanwhile for a backup, we have recently created another twitter account.

Please give it a follow: https://www.twitter.com/R4ZE_Network

Good question about NFT.

Raze network operates in the DeFi ecosystem and can anonymise any transaction, thus will be very helpful for DeFi users if they don’t want to go through Cex wallets again and again to anonymize their identity if leaked.

Or if they don’t some sensitive transactions to be made public.

About the NFTs, as NFTs are created using smart contracts too, Raze Network can also anonymise any NFT transactions.

This is necessary for cases like buying tokenizing a real estate as an NFT. You won’t like people to see your newly bought home address for security and personal reasons.

Such transactions should be private and Raze Network can help in doing that.

Though most of the team is anonymous because of potential regulatory issues, we have recently published some info in our website: https://raze.network/

Very well-known people have joined RAZE Network after doing their due-diligence, and will help in making RAZE Network a success.

We have also give some team background in our Web3 grant application: https://github.com/w3f/Open-Grants-Program/blob/d073858fdf067619e87fb2b4420420581b5cc6e2/applications/Raze_Network.md

Moreover, we will be open-sourcing our code this month only. So the community must trust the code rather than who is building it.

Ultimately it’s the code which makes a project secure and successful, and open-sourcing it should create confidence amongst the community!

Our partnership with Omni is beneficial to both sides.

We will be able to provide Omni app users an opportunity to do private transactions from their app, while Raze network will get access to their growing ecosystem/userbase.

Privacy of user’s data is something which both projects consider very important, and this partnership will help in protecting privacy to another step!

https://link.medium.com/9TY3w2CDMeb

https://medium.com/omni-app/omni-announces-partnership-with-raze-network-aimed-to-empower-the-social-media-app-users-with-ea5e7d212dcf

Raze Network is built using Substrate, and connecting our product with Polkadot will give our users access to its emerging DeFi ecosystem and users.

Raze Network will in return provide an opportunity to them to anonymize their transactions.

Win-win for both.

During transfer, transfer module is used which uses “one out of many” algorithm to hide the identities of parties involved.

Once the task is done just redeem the token back to its native form using the Redeem module.

Explained here: https://docs.raze.network/getting-started/technical-architecture

zkSNARKs alogrithms can help in transfer of data for confirmation purposes, without revealing what the actual data is.

A range data is shared, and the other party confirms if it fits the criteria or not through it.

This is something which will be used in almost all areas in the world, as the world realises how important privacy is. Just a matter of time.

Local communities can be creator in time, if there is enough demand for one.

Something which our ambassadors will take care of.

Our ambassador program is also to go live very soon, please keep an eye for that!

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Website: https://raze.network/

Wiki: https://docs.raze.network/

Twitter: https://www.twitter.com/R4ZE_Network/

Telegram: https://t.me/Raze_Net/

Medium: https://medium.com/@raze_net/

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