Proposal: Whitelist RAILGUN (RAIL) with 75k Co-Investment

This proposal is expected to appear on Snapshot for voting on the 31st of October 2021 at 12:00 pm UTC

TL;DR

• Proposal to whitelist RAIL.

• Proposed initial co-investment is 75,000 BNT with the idea to ratchet co-investment up to 150,000 BNT.

• There are no apparent security concerns that would prohibit whitelist status.

• There is no reason to doubt the legitimacy of the RAILGUN Privacy project.

• RAIL token address: 0xe76C6c83af64e4C60245D8C7dE953DF673a7A33D

Project Website: https://railgun.ch/

Token Security

RAIL does not have an elastic supply, or rebase mechanism. The RAILGUN Privacy contracts do not have permissions that grant administrators unrestricted mint/burn capabilities. The RAIL token supply is fixed at 100,000,000 of which 50,000,000 are in current circulation. The contracts and address with the highest concentration of RAIL tokens are predominantly the token staking contract with 50% of the supply staked by community members

The distribution of the RAILGUN DAO governance token, RAIL, can be summarized as below:

• 25% allocated to Airdrop

• 25% allocated to the Foundation

• 50% allocated to RAILGUN DAO

Total circulating token supply at launch will be 50 million RAIL tokens. Maximum lifetime total supply of the RAIL token would be 100 million tokens - creating more than 100 million is impossible.

Available Audits

RAILGUN has been fully audited by ABDK, who are domain experts in cryptography and zero-knowledge proofs and is planned to be regularly audited as security is a top priority next to privacy. Current audits by Zokyo and Hacken are underway:

Audit of the Railgun Privacy System by ABDK

RAILGUN Privacy also maintains an open bug bounty program.

Market and Trading Data

$RAIL price at the time of writing is $0.88

All-time high: $1.38 (Aug, 08, 2021)

All-time low: $0.31 (July 17, 2021)

Price 90 days ago: $0.77

50,000,000 tokens in circulation

100,000,000 maximum supply.

The current market capitalization is $44,630,040

SushiSwap Liquidity:

Uniswap Liquidity:

Vote FOR: To whitelist RAIL & co-invest 75k BNT

Vote AGAINST: Do NOT whitelist RAIL & do NOT co-invest 75k BNT