[PRE-ANN] RAY - The Worlds First Project of Privacy and DApps

[RayCurrencyTeam]

The Most Powerful Currency

I'm announcing our project here first, as our Ray currency is shaping to be the most useful, powerful, and promising cryptocurrency project and we're very excited to announce that we are close to release.








Description:

- Zero fees for regular transactions
- ~5 second regular transaction confirmations on a full scale
- Directed Acyclic Graph (DAG) Ledger Combined with
- Stealth Addresses
- Ring Signatures
- Decentralized at Launch
- Zero transaction fees for completely untraceable transactions (PoW)

What Team?

Our team is comprised of two individuals, myself Laith, and my University friend and colleague Parth.

Why?

Me and my colleague have been working on a solution
that has plagued the community as we view contract-based systems truly the medium of the future and
something that is worth investing our time into.

As we've been working, we're happy to announce that our project
has become quite promising and aims to deliver on a these key principles.

Distribution

We currently plan on publicly distributing 60% of our Ray through an airdrop, and allocating 10% to a development/reward fund, with the remaining 30% between being distributed to early donators.


We plan on using this thread to update you all on our progress and to use this as an outlet to facilitate our updates and such and we appreciate your time![/center]


Is RAY Fee-less?

Yes RAY is going to be fee-less, as well as have private transactions.

Will balances be viewable?

No, account balances will be private similar to Monero

What makes this different from Monero?

This is planned to expand on what Monero provides by allowing data to be transferred within smart contracts similar to how Etheruem has many use cases outside of a currency transaction.

We hope to truly change the standard for Crypto capabilities.

Our Donation Addresses for Early Ray (Please PM us beforehand so we can confirm the sending address) -
BTC - bc1qdd2q786tf8lx8escp44qrhz9pur2h59u5qdgrp
ETH - 0xb0E052d37E2a78841700AEdA8590060C737bD0b8
NANO - nano_3cf4htbru1t5s7amdgpb3hkrek7ct18fjpypbfpg6yseo7bdgczknfmuja3z

Donation List -
killerkeemstar - https://www.blockchain.com/btc/tx/55a9a63920d81ed125f2eaf148502ec24f048c35a73b1eec61aa95c1c6b4db2d

Whitepaper - https://www.docdroid.net/NdhrA5u/newwp-copy-pdf

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[Am139]

https://i.ibb.co/xgXf1zz/prism-Copy.png

Thank you for making it to the end! We also want to say that graphics design is not particularly our skill-set, although we tried to make it easier on the eyes than a large wall of text!

If you have seen us recently as Ray, we have decided to separate the name of the unit Ray and the platform Prism as there we're some clarity issues with what our platform is able to do, as well as we wanted to announce our standalone platform.

[Cloudex123]

Hello, how do I contribute?
I am not allowed to send you pm's as a newbie

[propuh]

Hey I want to contribute but I am not allowed to send you pm as a newbie :/

[RayCurrencyTeam]

Hey I want to contribute but I am not allowed to send you pm as a newbie :/

Hi there! We've included our donation addresses at the bottom of our post, since you're unable to pm, simply notify us of the address and currency that it's coming from before it's sent so that we can add you to the list!

[killerkeemstar]

So how much would I receive if I donated?

[RayCurrencyTeam]

So how much would I receive if I donated?

Hi there, the total supply is planned to be 33,554,432 RAY.

With that being said, our current conversion rate would be 100 USD = 6000 RAY, or 100 GBP = 4320 RAY.

This would be done by using the CoinMarketCap value of at the time that the transaction was submitted.

[killerkeemstar]

Made a small donation, looking forward to how this turns out!

[RayCurrencyTeam]

Made a small donation, looking forward to how this turns out!

Thank you, we appreciate that a lot!

We'd also like to announce that we've had our first successful run on our internal test today that showed our fee-less private transaction was a success with 9 rings! We're very excited to expand on this and see if we can reach 11 rings, as well as test the scalability. We hope to inform you all on our latest developments!

[panocreogreo]

Nice update to see, all the new projects are dex but this is very unique, I can take the spanish translation bounty if that's available 

[killerkeemstar]

I take also take Portuguese translation if available.

Devs, is there a date yet on the whitepaper? I plan to contribute more after it comes out

[jibraithe38]

This looks so underrated, I'd send you pm if I could..

[radial0]

Sounds an exciting project - I would like to donate.

When I try to PM, it says: "User 'RayCurrencyTeam' has not chosen to allow messages from newbies. You should post in their relevant thread to remind them to enable this setting."

There's a setting to allow this, if you'd like me to send you a PM before I can get promoted from being a newbie: Profile > Personal Message Options > Allow newbies to send you PMs.

Many thanks

[RayCurrencyTeam]

Nice update to see, all the new projects are dex but this is very unique, I can take the spanish translation bounty if that's available 

I take also take Portuguese translation if available.

Devs, is there a date yet on the whitepaper? I plan to contribute more after it comes out

We've dmed you both about the translations! As for the whitepaper, we're mostly finished with it so it should be in the next 2 weeks! Current set date is March 8th

[RayCurrencyTeam]

Sounds an exciting project - I would like to donate.

When I try to PM, it says: "User 'RayCurrencyTeam' has not chosen to allow messages from newbies. You should post in their relevant thread to remind them to enable this setting."

There's a setting to allow this, if you'd like me to send you a PM before I can get promoted from being a newbie: Profile > Personal Message Options > Allow newbies to send you PMs.

Many thanks

Hi there, thank you for the kind words!

I was not aware about that, thank you for pointing that out and I've gone ahead and changed the setting.

[coinexplorer64]

Very nice looking project, I'm happy I found this early. How much Ray would $50 give?

[RayCurrencyTeam]

Hi coinexplorer!

That would be equal to 3000 RAY.

[killerkeemstar]

Would you mind having a public donations list? Makes it easier to view so others can audit.

[panocreogreo]

Do you guys have plans for exchanges?

[RayCurrencyTeam]

Hi everyone, thank you for your support and interest so far for our project, it truly means a lot! It's Laith and I'm announcing that we've added an important FAQ as we've received some questions about exactly what our currency and platform will be capable of.

We hope this helps!

We also plan to have some exciting news regarding technical developments in the next few days!