Relay Token

RelayChain is a bridging platform that offers traders access to cross-chain opportunities on multiple blockchains. It allows users to use various markets by integrating them into native DeFi applications, DApps, CEXs, and DEXs, thus seeking to offer a seamless bridging experience to its users.

Moreover, the platform aims to be efficient, allowing users to have a stress-free bridging experience. Also, in terms of security, the platform aims to offer three layers of auditing of all codes and smart contracts, seeking to ensure the safety and security of each transaction. Smart contracts are just like regular contracts. However, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Besides, it seeks to be a cost-effective bridging platform, ensure no loss of funds, and provide automatic processing of stuck transactions.

According to the whitepaper, the platform offers various opportunities to traders, such as they can trade on multiple chains and get exposure to various DeFi projects and liquidity pools. Liquidity is the easy conversion of an asset into traditional currency without impacting the market price.

The RELAY token is the native token of RelayChain. The token seeks to allow users to earn passive income without worrying about the risk of loss. One of the ways is through regenerative rewards. The platform aims to share a portion of the generated revenue as staking rewards. The token holders can also earn native gas tokens by staking their RELAY tokens. The gas token is an Ethereum contract that allows users to tokenize fees on the Ethereum blockchain. In addition to that, the token holders get portfolio exposure to multichains for holding and staking RELAY tokens. 

In tokenomics, 25% of the total tokens is allocated for network growth funds, and 35% is for zero relay swap. Also, 15% is for community rewards and 10% is distributed among the team members. In addition, 7.5% of the total tokens is for marketing, 4% for advisers, and 2.5% for IDO (initial DEX offering). And lastly, 1% goes to legacy zero holders. 

Formerly, the platform was a multipurpose DEX integrating bridges. However, on August 2, 2021, Relay was launched as a bridging service provider. The whitepaper of Relay Chain was published on November 21, 2021. Moreover, the maximum total supply of the RELAY tokens is 10 million tokens.