Equity Details
Price & Market Data
Price: $0.0₃773
Daily Change: -$0.0₆607 / 0.08%
Daily Range: $0.0₃773 - $0.0₃774
Market Cap: $773,093
Daily Volume: 0
About Razor Network (RAZOR)
Get up-to-date information on Razor Network (X:RAZOR). The stock is trading at 0.0₃773, with a daily performance indicating a change of -$0.0₆607 / 0.08%. Its market cap is recorded at 773,093. Delve into detailed performance metrics, from short-term (1-week) to long-term (1-year) and year-to-date returns.
Details
Razor Network is a decentralised oracle network. It consisting of stakers 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 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.Razor Network will be offering 20 million RAZOR tokens (Around 2% of total supply) through a Balancer Liquidity Bootstrapping Pool (LBP) on 4th February 2021 at 1 PM UTC. The event will continue till around 6th February 2021 at 1 PM UTC, or till all RAZOR tokens have been distributed
