LONDON, July 6, 2021 / PRNewswire / – RAILGUN, an ultra-advanced smart contract protocol that uses zero-knowledge-proof technology to ensure privacy for DeFi transactions on Ethereum, launched its RAILGUN DAO and RAIL token officially presented on Uniswap.
RAILGUN leads the anonymity offering for cryptocurrency traders to disrupt the DeFi market with privacy technologies. The RAILGUN technology system aims to secure every transaction or smart contract interaction on the Ethereum blockchain via the privacy of zk-snarks. The RAILGUN economic structure is determined by early adopters who interact and contribute directly to the RAILGUN system. RAILGUN DAO consists of RAIL token holders who can vote on the coins they want to whitelist for use in RAILGUN. RAIL Token Holders will vote on the Fee Incentive Program which generates passive income for RAIL Token Holders from transaction costs of users participating in private trading. The RAIL token, which has a firm offer and cannot be watered down, has been checked by a third party to ensure proper introduction.
RAILGUN founder and project development manager, Emmanuel Goldstein, said the system will be fully available on the Ethereum network in July. “Users can deposit ETH, USDC, renBTC, renZEC and other tokens into the RAILGUN system and become anonymous so that they can take private action with the tokens they have deposited,” he said.
In a world where personal data security issues are debated, RAILGUN users can protect their personal data from breaches that would otherwise have resulted in a number of undesirable outcomes. This includes documenting the details of financial transactions on the blockchain and linking them to users’ private data, the ability to mimic trading strategies without consent, and targeted advertising based on their transaction history. For those who own a considerably large amount of cryptocurrency, the RAILGUN shield credit serves to protect these wallet addresses and prevent them from being compromised. DeFi users are guaranteed privacy and security when trading, using leverage platforms or adding liquidity with any dApp on Ethereum.
For more information on RAILGUN and their upcoming announcements, please visit their official website at https://railgun.ch/.
RAILGUN is a data protection system based directly on Ethereum from which users can interact directly with DEXs and other DeFi applications. Individuals can participate in cryptocurrency and DeFi-based activities to ensure financial freedom without fear of being spied on by anyone. The team believes in the right to privacy for all people and has presented its solution to solve privacy and anonymity issues for Stablecoins and DeFi without sacrificing Ethereum security or the liquidity of current dApps and DEXes.
RAILGUN brings (much needed) privacy to the Ethereum network
SOURCE RAIL GUN