Raydollars
Raydollars (RAYD) is the native digital currency of the Ray Network, a blockchain-based ecosystem focused on payments, decentralized applications, and cross-border transfers. It is designed to provide fast, low-cost transactions, programmable money, and on-chain governance for participants in the network.
Raydollars were introduced by the Ray Foundation in 2022 as part of an open-source effort to create
The Ray Network operates on a public proof-of-stake blockchain with a modular design that supports smart contracts
Total supply is capped at 10 billion Raydollars. New Raydollars are minted as staking rewards to validators
On-chain governance enables RAYD holders to propose and vote on protocol upgrades, fee schedules, and parameter
Raydollars are used to pay transaction fees, settle on-chain operations, and reward network participants. The currency
Security and regulatory considerations include concerns about price volatility, potential centralization in staking, and regulatory scrutiny