Razor Network is a decentralized oracle providing data to the smart contracts using a network of stakers. Razor is not only fast but also extremely robust and economically secure.
Stake your RAZOR tokens in a few clicks by following these steps:
The easiest way to stake RAZOR is via Metamask connected to the Razorscan platform.
What is Razor?
Razor Network is a blockchain agnostic, truly decentralized oracle platform designed to meet the diverse requirements of Decentralized Finance. At Razor Network, we are working on creating the next-generation oracle system focusing on maximum game-theoretical security and fully permissionless complete decentralization.
What is a $RAZOR Token
$RAZOR Token is the RAZOR network's native token and is compatible with the erc20 token standard.
$RAZOR is used to access core features and functionality on the RAZOR chain, including holdings, staking, data access and other transactions
How to get $RAZOR tokens?
Currently RAZOR is listed on Coinmarketcap where you can find all exchanges for trading these tokens.
What is a Validator?
The Razor Network is a proof-of-stake consensus mechanism blockchain. It relies on a set of validators to secure the network, who " stake" their tokens and provide data to the network. Honest validators are rewarded, while those who report incoherently are penalized.
What is a Delegator?
Delegators are $RAZOR holders who cannot, or do not want to run a validator themselves. $RAZOR holders can delegate Atolo to a validator and obtain a part of their revenue in exchange.
Where can I explore the network?
If you want to track your transactions on the Razor network, you can do it here.
What are the risks of delegating on Razor?
Razor Network principals are not subject to Staker penalties, but may be subject to unstake penalty
If the delegator is not able to unstake and withdraw the funds in the window defined by the protocol then the delegator will be penalised while resetting unstake lock. By default delegator once they Unstake their funds, Initiate Withdraw needs to be called in the epoch window defined by the protocol, currently it is 150 epochs.
How long does it take for a delegated ATOLO withdrawal?
The whole process requires three steps and takes about 8-10 days.
Unstake: After unstaking, the users sRAZOR tokens are locked in the Stake Manager contract for unstakeLockPeriod which is currently 300 epochs.
Initiate Withdraw: This call is not allowed in Propose and Dispute States. The initiate withdraw call will only succeed if the User has locked RAZOR and if the current epoch is within the withdrawInitiationPeriod（150epochs）. After Initiate Withdraw, the RAZOR token will continue to be locked for is withdrawLockPeriod (300 epoch) period.
The user must call Initiate Withdraw within the withdrawalInitiationPeriod (150 epoch) time after the result of the unstake's unstakeLockPeriod (300 epoch) cycle to move to the next phase.
Note : Failing to call Initiate Withdraw within the specified epochs will result in a penalty via Reset Lock.
Withdraw: Lastly, withdraw can be called anytime after the withdrawLockPeriod epochs has passed.
Note: Each epoch equals about 20 minutes.
If you have any questions about our services, please do not hesitate to contact us. We are happy to talk to anyone.