 | Razor NetworkICO Razor Network is a completely decentralized Oracle network for Decentralized Finance and other distributed applications and services. Razor avoids any weakness associated with conventional centralized oracle networks and is secured by a highly efficient Proof of Stake network which punishes misbehaving nodes through a strict Slashing mechanism. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Razor Network
Razor network consists of stakers 1 who accept queries from a job queue, perform fetching of information from the real-world, process and aggregate the results and serve them to the requesting application. Stakers are awarded for reporting coherently and penalized for reporting incoherently.
Razor network uses a proof of stake consensus algorithm and uses a native utility token called RAZOR. RAZOR are needed to be locked to participate as a staker in the network. Stakers are awarded fees as well as block rewards for participating in the network. The amount of staked tokens of the staker determine their influence in the network.
The design goals of the Razor network are to ensure the long term sustainability of the oracle and the data feeds it provides, a high degree of decentralization, high economic security in a way that protects both stakers and clients of the oracle from various attacks.
DetailsPublic sales: Feb 04, 2021 - Feb 06, 2021Token supply: 1,000,000,000 RAZOR Total tokens for sale: 222,000,000 RAZOR LegalBlockchain Platform: EthereumRegistration country: Singapore Registration year: 2018 Office address: 160 Robinson Road #14-04 Singapore 068914 | Token infoTicker: RAZORType: Utility-token Token standard: ERC20 Token price in USD: 1 RAZOR = 0,53 USD Accepted currencies: USDC, ETH |
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