Key Takeaways
- Rails’ ideas to change the decentralised perpetual trading through its platform raised over $14 million in funding from different venture capitalists.
- Rails’ perpetual trading platform combines centralized order processing with on-chain custody, allowing users to enjoy seamless trading.
- With venture capitalists, builders, and a point-based system in its community, the platform will continue to grow.
Rails is a decentralised perpetual trading platform that uses a centralised order processing system with on-chain custody, allowing users to access on-chain and centralised mechanisms on the same platform, giving users a breath of fresh air away from centralised exchanges.
Through an audited smart contract, users’ funds are held securely, ensuring they remain in their custody. This allows users to have full control, access, and initiate trading at any time, all while incurring a low gas fee.
Transactions carried out by users are cryptographically aggregated and posted on-chain, ensuring that privacy remains a priority and is maintained intact. Users can validate or verify their transactions, which are included in a Merkle tree, using our transaction explorer.
The platform is designed to match orders within sub-millisecond processing, as the matching engine scales seamlessly, delivering lightning-fast settlements and real-time updates to account balances.
Additionally, user funds held on-chain are audited and secured by smart contracts, which also allows Rails smart contracts to track fund movements, deposits, withdrawals, and fees, making the system free of scams.
Contributors and Funding
Source – Rails Investors
The decentralised project aims to provide an improved perpetual trading experience for users in the Web3 industry, combining speed, low gas fees, security, and real-time data feeds for seamless trading on the layer-2 network.
This idea has led to its team raising over $14 million in funding across different investors as the Rails project looks to keep building a sustainable ecosystem.
To attract more builders, Rail airdrop point farming has gained momentum as users can earn points weekly, which can be converted to money after claims. Let’s discuss how you can earn Rails airdrop points through farming.
Rails Airdrop Point Farming
1. Head to Rails Discord and complete the pass verification. Go to the announcements channel to review the campaign terms.
2. Go to the bot-commands channel and enter the command /set twitter and enter your username. This way, the bot will track all your stats.
3. Go to the engagement channel and support all the tweets mentioned there to start earning points.
4. Create content about Rails and share it in the rails-content channel. Participate in future activities in the Rails roadmap thread as part of the campaign.
5. Grab the pass to unlock Discord roles
6. Earn weekly Rails airdrop points and track progress
Community Links
It is essential to stay informed about earning airdrop points, farming, and updates to tasks. Here are links to community social pages:
Visit our website:https://rails.xyz/
Follow us on X (Twitter)
FAQs
What is crypto airdrop farming?
These are free tokens awarded to users in a cryptocurrency project community for contributing to the project or engaging in various activities.
Are crypto airdrops risky?
Crypto airdrops are risk-free and do not require users to pay for them; rather, they are used as incentives for the activities performed by users.
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