Railgun PriceRAIL

What is Railgun (RAIL)?

Railgun (RAIL) is a smart contract system that brings privacy and security to cryptocurrency and DeFi users through Zero Knowledge Proof (ZK-SNARK) technology. By using Railgun, a user's wallet addresses are removed from their actions and transactions on blockchains where their information was previously publicly available for anyone to view. The project is positioned as a DeFi privacy toolkit powering a rich on-chain Zero-Knowledge privacy ecosystem, offering private access to Ethereum and other supported networks, built natively in DeFi. RAILGUN is code that exists on every Ethereum node, meaning it is a privacy system built directly on-chain rather than relying on additional layer 2 infrastructure or third-party trust. The native token, RAIL, has a maximum supply of 100,000,000 RAIL and a total supply of 60,000,000 RAIL. Railgun launched in 2021 and has since expanded across Ethereum, BNB Smart Chain, Polygon, and Arbitrum, with governance handled by a DAO of RAIL holders.

Key Specifications & Tokenomics

• Name: Railgun
• Ticker / Symbol: RAIL
• CoinMarketCap ID (UCID): 10854
• Official Website: https://railgun.org
• Additional Website: https://railgun.ch/
• Whitepaper: RAILGUN Whitepaper MMXXI, dated July 14, 2021
• Documentation / Wiki: https://docs.railgun.org/wiki
• Launch Date: 2021 (Start Date 2021-07-12)
• Blockchain / Networks: Ethereum, BSC (BNB Smart Chain), Polygon, and Arbitrum
• Contract Address (Ethereum): 0xe76c6c83af64e4c60245d8c7de953df673a7a33d
• Tags / Categories: Privacy, Ethereum Ecosystem
• CertiK Rating: 4.5
• Audits: Audited by several popular audit companies, including ABDK
• Maximum Supply: 100,000,000 RAIL
• Total Supply: 60,000,000 RAIL
• Circulating Supply: 15,643,583 RAIL (approximately 15.64M RAIL)
• Circulating Supply at Launch: 50 Million RAIL tokens
• RAIL on Ethereum: 44,546,789
• RAILPOLY on Polygon: 55,000,000
• Total Raised: $10M (January 2022)
• Core Technology: Zero Knowledge Proof (ZK-SNARK)
• Governance: DAO governed by RAIL token holders
• Supported Tokens: RAIL, USDC, renBTC, renZEC, and more

Who created Railgun?

Railgun was founded by Emmanuel Goldstein, with Kieran Mesquita serving as Chief Scientist and Dr. Andrey Kravchenk as Project Manager. Andrew Kang is listed as Co-Founder. The team also includes a member referenced as Phil in team listings. The Railgun development team boasts world-class security experts, blockchain gurus, and cryptography experts, with some key players in the blockchain security space counted as friends of Railgun. The project raised $10M in January 2022. The team's emphasis on security is reflected in the project's use of well-established libraries and its multiple audits by respected firms including ABDK.

How does Railgun work?

Railgun operates as a smart contract system deployed directly on-chain across Ethereum, BNB Smart Chain, Polygon, and Arbitrum. It utilizes Zero Knowledge Proof (ZK-SNARK) technology to shield user wallet addresses from their on-chain actions and transactions. When a user interacts with DeFi applications through Railgun, their wallet address is removed from the transaction data, providing privacy without requiring users to understand the underlying cryptography. The system is designed to be transparently familiar: if a user has used MetaMask or any other popular wallet, the experience will feel familiar. Users do not have to worry about how the zk-SNARK proofs work or take extra steps to send, receive, or transact with privacy, as everything is handled behind the scenes. The code is open source, allowing anyone to audit and verify it is working as intended. Railgun is both trusted and trustless, and because it sits directly on the Ethereum mainnet, it removes the security risk and extra steps associated with additional layer 2 infrastructure, such as trust in third parties.

What makes Railgun unique and valuable?

Railgun's primary differentiator is its native on-chain privacy architecture. Unlike solutions that rely on external layer 2 infrastructure or third-party trust, RAILGUN is code that exists on every Ethereum node, providing privacy without introducing additional security risks or custodial dependencies. This design allows users to interact directly with DEXs and lending platforms from within RAILGUN while keeping their wallet addresses shielded. The project supports a range of ERC-20 tokens immediately, including RAIL, USDC, renBTC, and renZEC, with additional tokens addable via governance vote. Security is a top priority, evidenced by audits from multiple firms including ABDK and a CertiK rating of 4.5. The system is open source, enabling community verification. Furthermore, Railgun is governed by a DAO of RAIL holders, giving the community authority over protocol logic and shielded token additions, which aligns the project's evolution with its user base.

What is Railgun used for?

RAIL is the native governance token used for RAILGUN Privacy. It acts as a governance token and can be staked to gain voting rights on upgrades to Railgun. The DAO governed by RAIL holders has the authority to arbitrarily change the logic of the protocol and its shielded tokens, and additional tokens can be added via governance vote. Beyond governance, RAIL is used within the RAILGUN ecosystem to access privacy features. Users can interact directly with DEXs and lending platforms from within RAILGUN, enjoying privacy when trading, using leverage platforms, and adding liquidity with decentralized applications. RAIL itself is purchasable on DeFi exchanges such as Uniswap and is available in multiple pairs for cryptocurrencies and other stablecoins.

How Is the Railgun ecosystem developing?

The Railgun ecosystem is expanding across multiple blockchain networks, with deployment on Ethereum, BNB Smart Chain, Polygon, and Arbitrum. Users can interact directly with DEXs and lending platforms from within RAILGUN, and supported tokens currently include RAIL, USDC, renBTC, renZEC, and more, with additional tokens addable via governance vote. RAIL pools can be explored on SushiSwap, UniSwap, and Balancer. The project has conducted promotional AMAs, including with AMA Room and PANews. Governance is active through the DAO, where RAIL holders can stake to gain voting rights on upgrades. The ecosystem is supported by documentation and a wiki, and the project maintains an open-source codebase available for public audit. With a CertiK rating of 4.5 and audits from firms like ABDK, the project continues to emphasize security as it develops.

How to mine Railgun?

Railgun (RAIL) is not mined through traditional proof-of-work mining. Instead, RAIL functions as a governance token that can be staked to gain voting rights on upgrades to Railgun. The token is used within the RAILGUN Privacy system, and staking provides holders with a role in the DAO's decision-making processes. Airdrops to RAIL stakers and others have been referenced in the tokenomics documentation. Users interested in acquiring RAIL can obtain it on major decentralized exchanges, with multiple pairs for cryptocurrencies and other stablecoins available. RAIL pools can be explored on SushiSwap, UniSwap, and Balancer. The token is also available through various trading platforms and conversion pairs, including RAIL to AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW.

How to keep your Railgun Coin safe?

Keeping RAIL safe begins with using reputable, self-custodial wallets that support the networks where RAIL is deployed, including Ethereum, BNB Smart Chain, Polygon, and Arbitrum. Because RAILGUN is designed to integrate transparently with popular wallets, users can manage RAIL directly through familiar interfaces. Always verify contract addresses before interacting with any token, and ensure that any platform used for staking or governance is legitimate. Since Railgun emphasizes security and open-source code, users are encouraged to review audit reports from firms such as ABDK and check the CertiK rating. Store private keys and seed phrases securely offline, enable two-factor authentication where available, and be cautious of phishing attempts. As with any cryptocurrency, never share sensitive wallet information, and consider using hardware wallets for long-term holdings.