RunNode to Launch on AcceleRaytor

The Web 2.0 to Web 3.0 bridge will launch on Raydium's launch pad in a boost to the Solana ecosystem.

By
Anirudh Tiwari
on
November 29, 2021
Category:
Breaking News

Another Launch on AcceleRaytor

Raydium Protocol announced the launch of RunNoce on AcceleRaytor coming on December 6th.  The project’s launch on AcceleRaytor would involve 2 phases, the public raise and the initial DEX offering (IDO) on Raydium.

The announcement came via a Twitter post and an accompanying Medium blog on Nov. 27 detailing the lottery details and the functions of RunNode. RunNode is a bridge between Web 2.0 and Web 3.0, which powers the infrastructure on the Solana blockchain network through its Remote Procedure Call (RPC) protocol. 

“When the pool opens, users will need to deposit 80 USDC for each ticket in order for it to be counted in the lottery. Users can choose to deposit less than their total ticket allocation, however, tickets without a matching deposit will not be entered in the lottery. Deposits must be in multiples of 80 USDC. You can only deposit once,” elaborated the official blog about the details of the deposit.
Source |Raydium Medium

In the public token raise, a total of 16.66 million tokens will be unlocked at a fixed price of 0.06 USDC per token to raise 1 million USDC tokens. The eligibility and pool details are as below:

  • Allocation through a lottery system.
  • Allocation for one winning lottery ticket: 80 USDC
  • Three snapshot deadlines to determine ticket allotment - 7 days, 30 days, 90 days

As previously reported by Solana News, Raydium introduced AcceleRaytor, an IDO project for the Solana-based DEX, on April 9 this year. The launchpad is created to support projects by accelerating their growth through crowdsourcing initiatives and increasing visibility for the onboarded projects.

About Raydium

Raydium is the leading AMM protocol in the Solana ecosystem, with a total value locked of over $1.86 billion, as per data from DeFiLlama. It leverages the central order book (COB) of the Serum decentralized exchange (DEX) to facilitate quick trades, enhanced liquidity, and additional features to earn yields.

Find more about Raydium here:

Website | Twitter | Medium | Weibo | Discord |

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums.