The RAY token is the native token of the Raydium platform, which operates as an automated market maker (AMM) on the Solana blockchain and integrates with the decentralized exchange Serum. Raydium allows users to add liquidity to pools, participate in farming, earn fees, and engage in governance through voting on protocol matters.
Team and developers:
The Raydium project was created by a team with experience in algorithmic trading and blockchain development. Among the well-known team members are developers with pseudonyms AlphaRay, XRay, and GammaRay, each of whom contributed their expertise in technology, marketing, and finance to the project.
Investors and partners:
Raydium actively develops partnerships within the Solana ecosystem aimed at expanding opportunities for users. A significant portion of tokens is expected to be directed towards ecosystem development and support for partner projects through initiatives like AcceleRaytor, which helps launch new projects on Solana.
Marketing:
The platform's marketing efforts are focused on attracting users through various incentives such as liquidity, farming, and launching new projects. Through the AcceleRaytor program, the project supports startups, fostering growth and innovation within the ecosystem.
Token issuance:
The total supply of RAY tokens is limited to 555 million. A significant share of the tokens (34%) is allocated for mining and liquidity incentives, making the project attractive to users looking to earn from providing liquidity. Another 30% is designated for partnerships and ecosystem development, while 20% is for the team, with vesting over several years.
