Relay Token is a multi cross-chain platform developed to bring BaaS (Bridging as a Service) to help the often fragmented DeFi liquidity space. What is really unique to our bridge is that when a new ecosystem is created, the bridge connects that asset and ecosystem to all the other ones we support. At launch they currently support bridging to Ethereum, BSC, Avalanche, Polygon (Matic), and Heco — with more coming soon. Relay’s bridges were first to introduce the bridge gas token faucet to Defi where the bridge itself airdrops the native gas token to new users to reduce friction for people starting out on new chains.
Relaychain have built many products during the tenor in DLT but during the last 6 months and after completing the first brdige to Avalanche we realized that safe and secure briding will be a corner stone of DeFi and they dropped everything to bring this reality to our users. Relay Chain is ZERO reimagined. Zero started off as a DEX but the DEX space is extremely crowded.
Relay Token ultimately honed in on the aspect they do the absolute best. BRIDGING. So with RELAY they become the Bridge that connects DeFi — with an extremely unique tokenomics model that rewards LPs with gas token rewards (ETH, MATIC, BNB, HT, and AVAX) which they are coining the Gas Token Index but the bridge collects fees and rewards those fees to those providing liquidity. A portion of the fees also goes to buying back and burning the RELAY token making it deflationary
To Start Trading WithRelay TokenExchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.
Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Relay TokenWebsite.
Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.
Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.
Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.
Step 5. Click On The “Confirm Email” Link In The Activation Email.
Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into YourRelay Token
The live Relay Token price today is $3.01 USD with a 24-hour trading volume of $747,446 USD. We update our RELAY to USD price in real-time. Relay Token is up 7.31% in the last 24 hours. The current CoinMarketCap ranking is #3032, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
The goal at Relay Chain is simple, “Have the best and safest bridge”. We will provide value to our token holders by giving them native gas tokens for providing liquidity instead of our native project token (RELAY). By doing this we eliminate all sell pressure to Relay and they can give the highest APY’s to Relay Liquidity Providers. This allows us to have a token that provides value, and it’s deflationary (via buyback and burns) which is doing with a portion of the gas token profits from bridge transactional volume. The brings the positive feedback loops and true ecosystem synergy into the Relay Chain ecosystem where all partners provide utility to the end users of our platform.
Total Supply: 10,000,000 $RELAY
Zero to Relay Swap Ratio: 100:1
Advisors — 4% — tokens are fully locked, if an advisor is signed, they received 10% of their tokens after 30 days, 15% after 60 days, and the remaining 25% each quarter thereafter.
IDO — 2.5% — Initial DEX Offering, helps enable us to bootstrap liquidity on the initial RELAY pools. Vested over 4 days. 20% on TGE and 20% daily.
Legacy Zero Holders — 1% — Snapshots already taken. Weighted based on current ZERO holdings. Linearly vests each day for 6 months. Fully vested 12/2021
Network Growth Fund — 25% — Linearly vests each day for 2 years. Helps incentivize developers and partners to build on/with RELAY. Fully vested 6/2023.
Community Incentives — 15% — As needed (for liquidity mining for example) — 24 hour timeclock to withdraw any funds from the incentives contract. The community will be notified of the withdraw and an event will be broadcast on blockchain.
Team — 10% — 6 month cliff. Linearly vests each day for 1 year each day after the expiration of the 6 month cliff. Fully vested 12/2022.
Marketing — 7.5% — Linearly vests each day for 2 years. Fully vested 6/2023
Relay Chain – Zero to Relay
Relay Token migration from Zero to Relay has finally arrived and this document is going to help you get started in your journey to Relay Chain. Let’s go through the process.
We go to the site
Check that there is liquidity to perform the swap today (10% of supply is available each day for swapping)
Choose amount to migrate from Zero to Relay
Approve transaction and wait
Finalize transaction and wait a bit more
Receive Relay back
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.