What is Raydium Coin (RAY)? Things to Know About RAY Coin Project

If you are wondering what information you need to research before considering buying Raydium Coin (RAY), then this article is just for you. What is Raydium? What are the functions and highlights of this project? Let’s join Finance Solutes to find answers about this Cryptocurrency right here in the article below!

1. WHAT IS RAYDIUM?

Raydium is an Auto Market Maker (AMM) and liquidity provider built on the Solana blockchain for the decentralized exchange Serum (DEX). Unlike any other AMM, Raydium offers on-chain liquidity to the central limit order book, enabling lightning-fast trading with high liquidity.

2. FUNCTIONS OF RAYDIUM

2.1. Trading and Swap

Raydium’s swap feature allows two tokens to be exchanged quickly through Serum, while the DEX user interface also supports advanced trading features such as limit orders. These create a better trading experience for users.

2.2. Earning RAY Coins

There are several ways to earn RAY coins through farming and staking. Additionally, Raydium is in the process of deploying some new features.

2.3. Boost Your Project with Raydium

You can register to create your project on Raydium, set up a Fusion Pool, or launch on AcceleRayto. If you are looking to build and enhance your platform’s features on Solana, Raydium’s support team is available to consult and assist you.

3. HIGHLIGHTS OF RAYDIUM

Firstly, other AMM DEX and DeFi protocols like Uniswap and Sushiswap can only connect liquidity within their own pools and cannot access the central order book. Moreover, transactions on Ethereum often experience slow speeds and high fees as a consequence of the large number of platforms operating on this blockchain.

Meanwhile, Raydium offers the following key advantages:

• Faster and Cheaper: Raydium leverages the efficiency of Solana to achieve transactions larger than Ethereum with gas fees only a tiny fraction of the cost.
• Ecosystem-wide Liquidity: Raydium provides on-chain liquidity to the central limit order book of the Serum exchange — in other words, Raydium allows access to the order flow and liquidity of the entire Serum ecosystem.
• Trading Interface: Raydium’s trading interface is ideal for traders who want to view TradingView charts, place limit orders, and have greater control.

4. WHAT IS RAY COIN?

RAY Coin is a platform utility token used for the following purposes:

• Staking to earn protocol fees
• Staking to receive IDO allocations
• Governance rights through voting on protocol decisions

Raydium launched its mainnet on February 21, 2021, with 555,000,000 Raydium tokens created. 34% of all RAY coins will be released as liquidity mining incentives over a period of 3 years. 30% of RAY coins are allocated for partnerships and ecosystem expansion. These RAY coins are typically locked for 1 year and unlocked linearly over the next 2 years.

As of today, May 12, 2022, the live market price of RAY Coin is $1.24 with a 24-hour trading volume of $98,246,577:

4.1. Basic Information About RAY Coin

• Token Name: Raydium
• Ticker: RAY
• Blockchain: Solana
• Token Standard: SPL
• Contract Address: 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R
• Total Supply: 555,000,000 RAY tokens

4.2. RAY Coin Allocation Plan

The allocation plan for Raydium coins is as follows:

• Mining Reserve: 34%
• Ecosystem and Development Partners: 30%
• Development Team: 20% (Locked for 1-3 years)
• Liquidity: 8%
• Community Pool: 6% (Locked for 1 year)
• Advisors: 2% (Locked for 1-3 years)

5. ROADMAP

Q1-2021

• Completed development of Liquidity Pool and Staking
• Mainnet launch
• Website and platform launch
• Cross-chain swap

Q2-2021

• Research on additional market-making models and features in collaboration with other protocols

Q3-2021

• Market improvements through Oracle integration
• Governance coordination goals with partners

6. DEVELOPMENT TEAM AND PARTNERS

AlphaRay is the overall strategic leader, overseeing operations, product direction, and business development for Raydium. With a background in algorithmic commodity trading, Alpha transitioned to market making and liquidity provision for cryptocurrencies since 2017.

After entering the decentralized market in 2020, Alpha recognized the need for an AMM order book to aggregate liquidity. Through the launch of Serum, Alpha assembled a team of experienced trading developers to address this issue.

XRay serves as the Chief Technology Officer and Lead Developer of Raydium. X has 8 years of experience as a system architect for trading platforms in both traditional and cryptocurrency markets. X is responsible for designing all systems and infrastructure of Raydium.

GammaRay is responsible for marketing and communications while also contributing to strategy and product direction. Gamma has spent much of their career at a leading market research and data analytics company, working in both customer engagement and enterprise marketing fields.

7. WHERE TO BUY RAYDIUM COIN?

RAY Coin is increasingly available on various exchanges with cryptocurrency and stablecoin pairs. The exchanges with the highest liquidity include:

• Raydium.io
• FTX.com
• Gate.io

8. SUMMARY

In conclusion, through the article above, Finance Solutes has shared with readers the basic information about Raydium (RAY), what RAY Coin is, as well as the functions and key highlights of the project. Do you think this is an attractive investment? Share your thoughts in the comments below!