RayLife project is aimed at charity, but at the same time it is not the charity foundation. The project framework is the design of the blockchain tools for traders and philanthropists. Our goal is to make the charity much better and more transparent meanwhile the interest of the traders to the project would persist.
The creation of the single platform with the full catalogue of all charity foundations taking part in our project is the basis of the developmental works. Also this platform will be the main wallet of RayLife. More detailed information can be read below. Moreover the project focuses on the development of the inherent ecosystem which will promote the token circulation. Some quantity of tokens will be burnt for maintaining the liquidity and cost increase of the project cryptocurrency.
Having the inherent tools and liquidity support Help token would be able to trade not only on the platform but also on the cryptocurrency exchanges where it will be possible to buy token and use it within the platform for the increase of the profit if it is desired
Traders have an advantage in minimal transaction fee, the opportunity to buy token directly on the platform via VISA/Master Card, the safe custody in the purse, the bonuses for participating in charity.
The advantages for charitable foundations are as follows: the opportunity to receive donations immediately, to solve the problem of paying systems unavailability especially in case of international charity.
Any capital investment into cryptocurrency entails the financial risks. We have no way to guarantee the continuous increase of token, but we will make every effort to make it fluid at the maximum rate.
Once RAY token is added to the exchanges, the project team will put up a certain quantity of tokens for auction, and when the tokens are bought by the participants, the team will stop the cryprocurrency input on the present platform for a year. The auction is held by the traders not bearing a relation to the developers.
On a quarterly basis 10% of the profit will be provided for the token purchase for the further burn starting from the year 2021. The burn will take place until the amount reserved for free sale reduces that rate by half i.e. by 50 per cent.
The quantity of the tokens for ICO purpose makes up 0,1%. This amount is sufficient for the start-up of blockchain development indicated in the project and will minimize the possible decline of token rate
Primarily the token use is involved in transactions of the charity foundations and organizations, sending and receiving donations via blockchain platform which is the main token wallet. Also it will be used within the project ecosystem and on the websites of the partners.
RAY token is based on ETH — erc-20. The total token emission of the token is 210 000 000. The token is not reissued. According to the percentage distribution, sale, and IEO allocated 58%, which is 121800000 tokens. In case of IEO, the number of tokens will not exceed 2% of the amount allocated for sale. From 2021, the token will be burned quarterly. 10% of sales will be directed to the purchase of a token for its burning. Burning will take place until the number of tokens allocated for sale is reduced to 50%. The token has been verified and can be viewed at the address: https://etherscan.io/token/0x09a7cae366b24485bfdea01436bb264851af7456
Investments in the project will be primarily aimed at creating and developing the products envisaged by the project. After that, the funds will be used to popularize the project, attract users and funds, and list on the stock exchanges.
Currently, the main task of the project team is the implementation of the platform to which charitable foundations and organizations will be connected.