RAYS Network ICO interview

Name and position of the person responding: Umar Shafiq – CEO
ICO website: https://rays.network/
Whitepaper URL: https://rays.network/whitepaper1.0.pdf
Restricted countries: China, USA (non-accredited)
Soft cap (USD): 2.000.000
Hard cap (USD): 20.000.000
Token Sale start date: September 1, 2018
Token Sale end date: March 31, 2019

Describe your ICO project in one paragraph: 

RAYS Network is built on a whole new blockchain technology which will change the crypto-world in many ways. RAYS Network aims to use Customized Delegated Proof-of-Stake (C-DPoS) and Bulletproof algorithm protocol.

How is your project different than other ICOs announced recently? 

The core concept of RAYS was to simply create a privacy orientated cryptocurrency with a near simultaneous transactions based on our own blockchain technology capable of handling up to 100,000 transactions per second while staying secure. That was the first idea which has been modified into RAYS Flexible Blockchain Network (FBN) where users will have a cryptocurrency which will be secure and private for privacy-oriented users and a lightning-fast and secure cryptocurrency for general users. Moreover, for companies, we have RAYS Enterprise Privacy Blockchain Solution (EPBS) where true privacy and security will be on first place for enterprise use of our blockchain system. As we all know the most important things for general users are:

– Lightning fast transactions – secure transactions

– Minimal fees Companies and enterprises expect:

– True privacy and security – fast transactions

– Minimal fees

At RAYS Network, we aim to fulfill the needs of both, the general users and enterprises through our Flexible Blockchain Network (FBN).

Is your token a utility token? What is its utility? 

Yes, it is a utility token. It is supposed to be a payment solution.

Does your ICO currently have partnerships or strategic relationships with other companies or organizations? 

Yes, we have partnership with Shield Cryptocurrency, Opolo Hardware Wallet, AppZilla, and a MoU with ISI Lab, KAIST. We are also the user of IBM in its Global Entrepreneur Program.

How do you plan to use the funds in developing the project? (Ex. 40% R&D, 20 marketing, 40% pizza) 

Blockchain Dev. (20%), RAYS Research Lab (20%), RAYS 3S Hardware Wallet (10%), Founding Members (15%), Future Development, Marketing and Company Reserve (35%).


As a conclusion, here are TokenCouncil’s ratings:
Project idea: 10
Token utility: 9
Partnerships/real world usage: 9
Overall media buzz: 9
Communication channels and openness: 10


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