About Rays Network
The industries need a blockchain which should be Secure and Private. General cryptocurrency users require Low Transaction Fee, Fast Speed, and Security. We have a solution for both; a Secure and Private blockchain for industries, and a Secure and Fast cryptocurrency for general users. Our technical team is working on a Flexible Blockchain Network (FBN) which may switch between General and Enterprise users as required by the users for their needs. Sufficient progress has already been made and a Minimum Viable Product (MVP) has already been developed to prove the FBN concept.
▪Customized Delegated Proof of Stake (CDPOS)
▪Bulletproof Protocol for Privacy
▪Flexible Blockchain Network (FBN) [Public and Private]
▪Enterprise Privacy Blockchain Solution (EPBS)
▪Zero Transaction Fee
▪RAYS PAY & Microtransactions
▪Multi Transaction System (MTS)
▪RAYS Research Laboratory
▪RAYS 3S Wallet
Rated on Aug 26, 2018
Good balanced business and technology team - decent activity on development side. Whitepaper could be better - it seems like a power point slides but content wise it has sufficient information regarding finance and technology flows. Liked the idea of DPoS and it's privacy algorithm to reach community.
Rated on Aug 20, 2018
Modified on Aug 27, 2018
UPD: KYC passed.
The team at first sight seems impressive and big, but when attentively looked at, it appears that that the team consists of advisors and people from other projects. Many don't have enough international experience. So who actually stands behind this project?
Also I delivered 3 because KYC verification isn't passed. If you undergo verification - I will deliver 4.
On the ideas - firm 5. Brilliant idea with fast a blockchain and with zero fees for transactions. Excellent comparison with other blockchains. The only thing I didn't understand is why in the video you talk about 10 000 tps per second, and on the website and in WP about 100 000 tps per second?
The idea about Digital ID and about security is also genius. Also ability to integrate with your cold wallet Hopper.
White Paper is well-written and it pleases me that you paid attention to GDPR.
So far, I put 3 for the product as the prototype is ready, but the product itself is unfinished and not everything that you wrote on the website is realized. As far as I understand you work in 5 directions?!
We'll wait for when you complete all of this, then I will reconsider, and hopefully, up the assessment.
Here's a tip - add Medium and Bitcoinwiki. And also I ask to develop the community stronger. It's going to result in more living people than bots.
In general, the idea is pretty much brilliant and I sincerely wish you will implement and achieve all your goals.
Rated on Aug 21, 2018
Modified on Aug 27, 2018
Well, I must admit I am very impressed by this project and what it intends to achieve. It just improves all the bad parts of almost every other blockchain. From transactions per second, to ease of use, to real world usage scenarios, zero transaction fees and also digital ID usage, instead of private keys, all of the above look like a recipe towards success end evolution.
Rated the team with 4 as ICO KYC Report has not been conducted my any team member yet. Will gladly change it to 5 after that.
*Later edit: team KYC conducted, I updated the team rating from 4 to 5
Rated on Aug 23, 2018
I am writing this review as the team reached out and asked for an honest review.
I agree with the Nikolay that the vision is great here, as scalability and interoperability are still issues with the main blockchain protocols currently used. Others have solved the problem as well.
The biggest hurdle for you will be to create a community around your token, people not bots.
Every blockchain protocol built for Dapps requires a community of developers to build on their platform.
Look at ICON, NEO, STELLAR, as examples.
Building that community around scalable blockchains will be the hardest hurdle for your ICO.
That being said i also don't agree with the tokenomics here. .50 USD tokens in a bear market doesn't make sense. Some of the top ICOs from last year are now hovering around or below that mark, so it's too rich for investors, especially given that once the token hits exchanges it will most likely see an immediate decline if we are still in a bear market.
Good luck on the project. White paper is well done and the project integrates the 5 relevant verticals, just bad timing and adoption/community creation will be difficult. community is a key driver for protocol tokens, so something you should look to heavily develop to be successful.
Rated on Aug 21, 2018
Modified on Aug 25, 2018
I am writing this review because I have been asked to do so. I very much appreciated the team's request for an HONEST review. Many people try to ask for positive reviews, they haven't done so! :-)
The team is very numerous, also seems to consist of competent members.
The whitepaper is detailed, but graphically I don't like it very much. The idea is good and well described.
My criticisms of whitepaper graphics have prompted the team to arrange it graphically.
What actually matters in Whitepaper is the content, but in any case a good graphic give to the reader a professional feeling. This is important for marketing.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
TeamApply as an advisor
RAYS idea created - Initial Team Formulation - Creation of Roadmap - Official social media & official email - Github for RAYS Project developers - Research and Study of Existing Blockchain Protocols and Algorithms - Understanding the needs of customers - Team Discussion and Decisions for Solutions to ensure the requirements of Community - Whitepaper Preparation
Website Launch - RAYS Network Ltd registration (first office in UK) - RAYS Skymap (Roadmap) - Pre-launch marketing strategy and materials - Research regulations and compliance procedures - RAYS Enterprise and Digital ID Core Preparation - RAYS 3S Wallet Discussion - Find current projects that will provide valuable functionality to RAYS Enterprise - Whitepaper 1.0 release - Preparation for AI Master Nodes Dev & Quantum Proof - Preparation of Digital ID Implementation - Understanding Industries and Integration -Marketing campaigns launched to increase awareness of RAYS Project - Preparation for Private and Pre Sale - AlphaMVP – RAYS Simulator 1 - ERC20 Smart Contract for Token Sale - Smart Contract Audit
Private and Pre Sale - Technical Whitepaper 1.0 release - Preparation for Exchange Listings - Preparation for RAYS Cloud Wallet - FBN Blockchain Development Starts - Release of Cloud wallet - RAYS Partnerships - Preparation of Windows and Linux wallets - RAYS Enterprise Relocation - Prepare for RAYS Exchange - Team Expansion
First Partnership Announcement - Release Windows and Linux Wallets - List on at least one top rated exchange other than IDEX - Listing on https://coinmarketcap.com - Preparation for RAYS Smart Contracts - Release RAYS Exchange - Technical Whitepaper Update 1.1 - Release New Roadmap for 2019 Preparation for RAYS Mobile App Establishment of RAYS office in Asia Academic Collaborations and Establishment of RAYS Research Laboratory Skymap for year 2019 release