Introduction
Innovation is the foundation of progress in the ever-changing field of decentralized finance (DeFi), which is a dynamic field. RAYS Protocol is a revolutionary platform that is destined to transform decentralized finance with its forward-thinking approach to the development of decentralized applications and the monetization of assets. A catalyst for change and a beacon of hope for developers and users who are attempting to traverse the difficulties of the decentralized landscape, RAYS Protocol is not simply another DeFi project.
RAYS represents a low-code protocol builder that can be utilized for DeFi bots, RWA, and LSD xApps. Its stated objective is to remove the barriers to entry for web3 while simultaneously facilitating the quick testing of new ideas in the field of distributed computing. The xApps launchpad, the xMarketplace, and the Protocol Builder are three of the most important features that the platform provides the users with. In order to construct applications that are based on smart contracts, developers can use the Protocol Builder xApps even if they do not have a comprehensive understanding of blockchain technology.
Users are able to investigate, invest in, and interact with a wide range of decentralized applications (dApps) that are built on RWA by utilizing the xMarketplace, which is a DeFi AppStore that is unlike any other. With the assistance of the launchpad xApps, startup projects have the opportunity to obtain funding and launch on the platform. Applications that are developed using RAYS include real estate tokenization apps and yield farming bots, to name just two examples. In an effort to encourage early adoption of the project’s native token, RAX, an airdrop of the token is being made available. RAYS also offers AI Check Security xApps, which provide an additional layer of security for dApps built on the platform. This feature ensures that all dApps are secure and reliable, protecting users and their investments.
This extensive study goes deeply into the core of RAYS Protocol, examining its mission, important features, difficulties, and solutions, as well as the transformative impact it promises to give to the DeFi ecosystem during its implementation.
The Issue with Decentralized Application Development and Monetization
The promise of financial inclusion, empowerment, and innovation is at the heart of the decentralized finance revolution. However, despite the enormous potential of decentralized applications (dApps), developers frequently find themselves struggling with a wide variety of obstacles when it comes to the process of developing and monetizing their applications. The complexities of blockchain technology, in conjunction with the absence of user-friendly tools and resources, create barriers that impede progress and limit creativity within the decentralized finance area. The RAYS Protocol acknowledges these hurdles as possibilities for growth and innovation, and it has made it its mission to ease the process of developing dApps and monetizing them for developers from all walks of life.
RAYS Protocol: Simplifying dApp Development and Monetization
There is a paradigm shift in the way that we approach decentralized finance brought about by RAYS Protocol, which is more than just a platform. Through its cutting-edge suite of Protocol Builder xApps and Launchpad xApps, RAYS Protocol gives developers the ability to easily bring their ideas to life and unleash their creative potential. RAYS Protocol democratizes Dapps creation by making it accessible to developers of all skill levels. Gone are the days when users had to deal with difficult coding and technical obstacles. Users of the platform are provided with a smooth experience through the xMarketplace, which is a centralized hub where users can discover, invest in, and interact with a variety of RWA-based decentralized applications. The user-centric strategy of the platform extends beyond developers to specifically cater to the demands of DeFi customers.
The four essential applications (xApps) that are central to the RAYS Protocol’s vision are the key products of the RAYS Protocol. Each of these xApps is designed to address distinct pain areas within the financial technology field.
Eigenlayer Restaking Rebalance: By automating the restaking and rebalancing of assets on the Eigenlayer network, this innovative xApp reduces the amount of risk that users are exposed to while simultaneously optimizing the profits they receive for staking.
Yield Farming Rebalance: Through the utilization of this cutting-edge application, customers are able to automate the process of rebalancing their yield farming portfolios, thereby increasing yields and reducing the risk of temporary loss.
Liquid Staking on BNB: RAYS Protocol has introduced a revolutionary new application called Liquid Staking, which enables users to take part in staking on the Binance Smart Chain (BSC) while still preserving their liquidity. This is a game-changer for those who are passionate about decentralized finance.
RWA Tokenization: The potential of real-world asset (RWA) tokenization is unlocked by this xApp, which bridges the gap between the realm of blockchain technology and the world of traditional banking. This xApp is perhaps the most revolutionary of all technologies. These new opportunities for investment, liquidity, and financial inclusion are made possible by the RAYS Protocol, which tokenizes assets such as real estate and commodities.
Use Cases of RAYS Protocol: There is no limit to the number of applications that could be developed using RAYS Protocol, which can be found in many different areas of the DeFi ecosystem. RAYS Protocol provides solutions to some of the most pressing difficulties that developers, consumers, and projects in the decentralized landscape are currently facing. These challenges include improving staking rewards and simplifying the tokenization of real-world assets. You can use RAYS Protocol as a portal to a range of possibilities, regardless of whether you are a developer who wants to build the next big dApp or a consumer who wants to explore new potential in decentralized finance.
Roadmap for RAYS Protocol
Within its platform, RAYS Protocol is dedicated to the ongoing growth and improvement of its capabilities. During the upcoming quarters, the RAYS Protocol roadmap provides an overview of the most important milestones and activities:
- Q1 2024: Whitepaper release, RAYS Protocol Testnet launch, Launch of Quest for DID.
- Q2 2024: RAYS Protocol Mainnet launch, Introduction of BNB Liquid Staking, Launch of xMarketplace v1.
- Q3 2024: Release of xApps Builder v1, Launch of Lock and Earn Program, Initiation of Grant Program.
- Q4 2024: AI-Powered Security, Account Abstraction, 10+ DeFi Integration
- Q1 2025: Launch of RAXDAO, Integration with TOP 5 EVMs.
Tokenomics: Fueling the Cosmic Revolution
In the cosmic expanse of decentralized finance, every revolution requires fuel to propel it forward. For RAYS Protocol, that fuel comes in the form of its native token – the RAX token. Exploring the cosmic depths of tokenomics reveals the celestial mechanics that drive the RAYS ecosystem and propel its path towards enlightenment and prosperity.
At the heart of the RAYS Protocol lies the RAX token, a cosmic currency that serves as the lifeblood of the ecosystem. Designed to facilitate transactions, incentivize participation, and govern the protocol, the RAX token plays a pivotal role in shaping the future of decentralized finance. But its significance goes beyond mere utility; the RAX token embodies the spirit of innovation, collaboration, and empowerment that defines the RAYS community.
Revenue Streams
The RAX token serves as the primary medium of exchange within the RAYS ecosystem, unlocking a myriad of revenue streams for participants:
- Platform Fees: Developers pay fees in RAX for deploying applications on the RAYS platform, subscribing to services, and generating revenue through their applications.
- Community Incentives/Rewards: Users are rewarded with RAX for referring others to the platform, engaging with dApps, participating in community events, and contributing to the ecosystem’s growth.
- Earning for Developers: Developers receive RAX tokens for subscriptions to their applications and a portion of users’ profits generated through their applications.
- DAO Governance: RAX holders participate in governance by voting on proposals, shaping the future direction of the protocol, and receiving rewards for their contributions.
- Staking Rewards: Users can stake their RAX tokens to earn staking rewards and gain access to exclusive features and rewards within the ecosystem.
Deflation Mechanisms
To maintain the cosmic balance of the RAX token ecosystem, several deflationary mechanisms are implemented:
- Burning of RAX Tokens: A portion of platform profits is used to buy back and burn RAX tokens, reducing the overall supply and increasing scarcity over time.
- Staking: Staked tokens are withdrawn from circulation, reducing the available supply and increasing demand for the token.
- Allocation to the Emergency Pool: A percentage of platform profits is allocated to an emergency pool, providing insurance against attacks and unforeseen events.
Token Distribution
The distribution of RAX tokens is designed to ensure a fair and equitable distribution among participants:
- Seed Sale: 3% of total supply
- KOL Round: 7% of total supply
- Private Community Rounds: 6% of total supply
- Public Rounds: 6% of total supply
- Team: 15% of total supply
- Marketing & Partnerships Fund: 10% of total supply
- External Development Teams: 13% of total supply
- Advisors: 3% of total supply
- Liquidity: 7% of total supply
- Points campaigns: 5% of total supply
- Lock and Earn: 25% of total supply
Token Release Schedule
The release of RAX tokens follows a carefully crafted schedule to ensure stability and prevent market manipulation:
- Tokens for Seed Round, KOL Round, and Private Community Rounds are subject to vesting periods and linear unlocks.
- Tokens for Public Rounds are unlocked linearly over a specified period.
- Team, Marketing & Partnerships Fund, and External Development Teams tokens are subject to vesting periods and linear unlocks.
- Liquidity tokens are subject to a vesting period and linear unlock schedule.
Exploring the Protocol Commission and RAX Staking Mechanisms
The RAYS Protocol introduces a robust commission structure to ensure sustainable revenue streams and incentivize active participation within its ecosystem. With a protocol commission set at 10% of all investor profit, the platform ensures a fair distribution of returns while fostering growth opportunities for developers, who also receive a 10% commission from investor profit. Additionally, a 0.1% allocation of OnChain turnover in RAX serves to reward Referrers, those who introduce new followers to the RAX community. Should there be no Referrer, this portion is channeled into the DAO Fund, benefiting RAX Stakeholders or contributing to token incineration, thereby enhancing scarcity and value over time.
The innovative RAX Staking Mechanism further enhances investor rewards and community engagement. Offering an enticing annual return of approximately 25%, RAX staking provides a reliable income stream for participants. Moreover, quarterly distributions of up to 50% of protocol income and contributions from the DAO Fund amplify the incentives for RAX Stakeholders. Holding a minimum of $1000 in RAX grants Premium status, reducing commissions by half for automated management services through the Account Abstraction Wallet.
To attract Total Value Locked (TVL) and drive community growth, the platform introduces mechanisms to reward participants for their contributions. By accumulating rXP for xApps, users can exchange these rewards for RAX tokens, thereby increasing engagement and the platform’s overall value. Built with a focus on long-term growth, RAX incorporates practical utilities and a deflationary mechanism from its inception, ensuring sustained value appreciation and community prosperity.
Conclusion
In conclusion, the RAYS Protocol is a shining example of innovation and advancement in the realm of decentralized finance, which is always undergoing profound change.
The RAYS Protocol stands at the forefront of decentralized finance, poised to revolutionize the landscape with its innovative approach to dApp development and commercialization. This paradigm shift promises to unlock new horizons and opportunities for developers, consumers, and projects, ushering in a new era of financial empowerment and inclusivity. Embracing the ethos of creativity, collaboration, and growth inherent in the RAYS Protocol and the broader DeFi community, the journey toward a more equitable, decentralized, and inclusive society begins.
Joining the RAYS community today offers a gateway to the future of finance, irrespective of background or expertise. Whether an experienced developer or a newcomer to blockchain technology, there’s a place within the RAYS ecosystem. Explore the endless possibilities awaiting in the realm of decentralized finance through the Protocol Builder xApps, engage with the vibrant xMarketplace, and access valuable resources to expand knowledge. Together, let us chart a course of innovation, empowerment, and collective growth, guided by the illuminating vision of the RAYS Protocol.
Learn More
Website: https://app.ray.sx/
White Paper: https://raysx.gitbook.io
Twitter: https://twitter.com/Ray__sX
Telegram: https://t.me/raysx_global
Medium: https://medium.com/@raysx
Github: https://github.com/Rays-X
Disclaimer
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