The need for reliable stablecoins is never more evident than in markets such as these. Imagine if Tether were found to be insolvent at this time - the crypto world needs a stablecoin like Relay with publicly auditable collateral.
Stable crypto-coins are very necessary for the market, but very high requirements are imposed on the team of such projects. Trust is the most important thing. And in Relay only 2 team members, one of them anonymous without a photo))
This is a fair concern, and one that has been raised previously. To restate our previous response:
I like your ad.I want to study your offer in more detail.
Who from the known developers participates in this project?
Our team leads are listed on our website. The technical lead and other developers may not be well known, but it is important to note that the newness of the blockchain space means that there are many skilled developers with very limited histories.
It should also be stated that very little in Relay is entirely new, and thus the technical base has largely already been proven out. The core blockchain is forked from Ethereum and the privacy implementation is also based on existing work. The codebase is furthermore currently undergoing third party private review and will be subject to a public bug bounty prior to mainnet launch, fundraising for which is one of the major motivating factors for the public round. The most important innovation Relay brings is in its collateralization mechanism and two-token structure, which is less a coding than economics invention.
