Rayls Airdrop Guide | Participate in Rayls to Earn RLS Points

Rayls is a new layer-2 blockchain technology that has been gaining considerable attention due to its architecture and use case, which aim to bridge traditional finance (TradFi) with decentralised finance (DeFi). This enables companies to achieve scalability, privacy, and regulatory compliance in the financial space.

Past efforts to integrate financial institutions with blockchain technology have largely failed due to the development of isolated, non-interoperable permissioned systems, resulting in minimal benefits and eventual abandonment. However, with the help of Rayls private subnets connected to the Mainnet as an Ethereum layer-2, this allows institutions to access endless possibilities in both TradFi and DeFi

Rayls’ platform opens the opportunity for institutional players to tokenize assets, process transactions, and access on-chain liquidity while maintaining the regulatory compliance and data security standards required by the banking industry.

With the help of Rayls’ blockchain infrastructure, they will provide a secure platform for global banking and assist traditional finance in making the needed transition to using blockchain technologies for seamless services.

Rayls Team – Who Are Behind Rayls

The Rayls team is made up of experienced builders with years of experience in both crypto and traditional finance, allowing them to provide solutions that will create an impact long-term. Among this team are Peter Bidewell, who has helped Parfin, a digital management tools platform for the financial space, and Ricole, another core contributor to Rayls’ platform.

The project’s use case has attracted investors and institutional players, who are paying close attention to it.

Contributors and Funding

Source – Rayls Funding

Rayls’ project has gained backing with over $35 million in funding from different venture capitalists, such as @paraficapital, @hiFramework, @valorcapgroup, @AlexiaVentures, which will give its team the needed capital to continue building its platform into its desired plan of providing a scalable solution to both TradFi and DeFi while ensuring privacy, scalability, and regulatory compliance as follows.

Rails Airdrop – Step-by-step Guide

Rayls airdrop is a point-based system that allows users to qualify for eligibility by earning RLS, its native token, which will be converted to money during the claim. Here is how to qualify for Rayls airdrop.

Connect your wallet and setup your profile

Complete the task on the loyalty dashboard to earn points, which will be converted to RLS tokens
Engage in community discussions to earn extra points and generate a referral code
Track your progress and review loyalty points

Key Takeaways of Rayls

The Rayls project has attracted institutional investors into its ecosystem, positioning its project on the path to success, with early adopters of the RLS token who would position themselves to earn with more room to see growth.

By contributing to its ecosystem, users will earn incentives in return for their time and effort, thereby encouraging early contribution.