Railgun is a smart contract system that runs on Zero-Knowledge Proof (ZK-SNARK) technology to provide privacy and security to cryptocurrency and DeFi users. Before we move on to the Railgun price prediction let’s take a look at the project details.
The Zero Knowledge proof works as an extra layer of security removing the wallet address of its users during all of your actions and transactions on blockchains. Whereas, earlier on your information used to be available to the public view. This makes Railgun users enjoy an additional layer of privacy while trading and adding liquidity with Decentralized Applications (dApps).
Railgun is built directly on the Ethereum mainnet. This adds extra steps linked to additional layer two infrastructure and removes the security risk. Several ERC-20 tokens, including RAIL, USDC, renBTC, and remZEC, can be easily used on it, while more tokens will be added in the future through governance vote.
The token holders can participate in bringing the ideology of adding more possible levels to privacy in the DeFi space equal to the mainstream financial institutions and advance the cryptographic privacy technology.
Railgun provides multiple uses to its special users with its privacy system. Using dark pool-style trading, users can ensure their strategies are not copied or counter-traded. It will also save them from getting stalked and prevent transaction data collection from being manipulated by fraudsters.
User transaction habits are not even revealed to advertisers, who need targeted groups with certain interests to display their advertisement to the most relevant users. There is a shielded balance that does not allow outsiders to know the details of your DeFi holdings or get alerts whenever you make a new coin investment, even if they follow your wallet. The outsiders are also unable to see users’ donation history. The payments to an attorney for seeking legal advice will be private too.
RAILGUN protects the users’ privacy by keeping their actions confidential and gives anonymity by keeping their identity secret. This is enabled without leaving the safety and liveliness of Ethereum and its ecosystem. RAILGUN is also enthusiastic about bringing revolutionary changes to other blockchain ecosystems in less time.
Rail Gun (RAIL) Fundamental Analysis
Privacy is a widely accepted and valued human right. A person’s consent is necessary to be taken before the revelation of his personal or financial details. The small but passionate and qualified team behind Rail Gun accepts the importance of privacy and anonymity in a system. It was built on-chain directly on Ethereum. This makes it easy for users to interact with DEXs, lending platforms, and commonly-used smart contract applications.
Railgun has the capability to create a verifiable report of users’ actions and balances using a privacy-preserving Zero-Knowledge method whenever the users need to be transparent. This enables them to provide the evidence of sources to a recipient you choose without displaying your funds to the public.
The Railgun aims to give the power to users whether or not to give the permission of details to a person or entity at any given time and reason. It does not want to strip away the third-party verifiability of actions taken on-chain. Its privacy carries the concept of DeFi and a secure blockchain but with the security equal to that of a non-DeFi organization.
This system runs around two major advantages, which are increased size and noise of the anonymity pool and maintaining the originality of users’ assets. The users who use Railgun to deposit their assets attain privacy faster than other on-chain systems currently present.
All the transaction processes on it, including transfer, swap, and borrow with different types of decentralized applications, highly enhances the variation and throughput of interactions with Railgun.
Railgun does not ask its users to convert their token to a different one and lets them maintain it in the RAILGUN system for a long time. Only the private transactions and storage of these assets give true privacy and anonymity. Users’ incentive to move the assets outside Railgun is reduced as they can use the assets in Railgun like those outside of it.
This increases the size and noise of the anonymity pool. This makes Railgun a unanimous platform with all the privacy, security, and transaction facilities occurring in one place to provide maximum benefit to participants single-handedly.
Security is the other major goal and priority of Railgun other than privacy. Some world-class experts in security, cryptography and blockchains make up the Railgun development team. The friends of Railgun play a key role in providing security to it. Railgun is both trusted and trustless.
It uses a well-established library. Several popularly known auditing firms have audited the Railgun code. One of them is a well-known crypto audit company ABDK. Users do not have to think about the process occurring behind the scenes, such as If the zk-SNARK proofs. These are extra steps to securely and confidentially send, receive or transact. However, it is open-source for anyone intending to audit or check its working.
How does Railgun work?
Railgun serves to provide varying levels of privacy and anonymity through its multiple actions. Users can use the required type of action to reduce the gas cost as per their needs. To attain this, they can also batch multiple actions into one proof. Its three key functions are as follows.
- ADD: This allows the transfer of assets into RAILGUN. This makes the creation of a new zero-knowledge note that will represent the owner of the assets and his assets. This step originates from the outside of the system and is not itself private but is the first step towards creating privacy. The note gets added to the live pool.
- SPLIT: This option turns single or multiple zero-knowledge notes into two further zero-knowledge notes. The input notes get shifted from the live pool to the dead pool, and the output notes take their place in the live pool. These movements are done in zero-knowledge. The user has to prove his ownership of the input notes and that the input notes are unused without revealing the actual notes. This method can be used as a way to transfer funds. This can be done by setting another owner for one of the newly created notes to hide the accurate intent of the split.
- REMOVE: This action destroys a note to move the assets from RAILGUN to an arbitrary address. The user has to prove the ownership of the destroyed note in zero-knowledge without revealing the actual note. Although this step does not reveal the identity of actual users and says that the funds came from the Railgun system, but shows the number of funds and the address of transfer of funds as the receiver is outside the system.
Railgun Tokenomics
Railgun uses its native token, RAIL, for its governance and privacy services. You can get them from many DeFi exchanges, such as Uniswap. RAIL can be staked for getting voting rights for the development of Railgun, being a governance token. Hence, if you have RAIL, you can participate in driving towards the future of Railgun.
Railgun gives no extra governance opportunities to its developers other than the ones token holders have. It also maintains the basic principle of privacy in the system by introducing the first token that enables anonymous governance participation.
Railgun is a truly decentralized project with no RAILGUN company, equity investors, or equity holders. Out of the hundred million tokens of RAIL, half are in circulation. Its initial distribution took place such that:
- Twenty-five percent (25%) of tokens got allocated to its airdrop for the donors, who gave charities for privacy on the ETH network, the TOR Project, the Right to Privacy Foundation, and the Free Software Foundation.
- Twenty-five percent (25%) of tokens were also distributed among a registered nonprofit charity named ‘The Right to Privacy Foundation’ for the initial development of this project and to support the long-term benefit of the project. They used them to promote the platform and its future development, in addition to incentivizing developers.
- The remaining fifty percent (50%) of the token are locked and unminted in DAO. Only the Rail token holders can vote to mint them.
Railgun Future Plans
According to their whitepaper, after the launch, DAO users will gradually get voting rights in the following areas of Railgun.
- For deploying the Railgun on Binance Smart Chain and Polygon, and the core of Railgun with reference frontend.
- Regarding verification capabilities of the batch, transactions to make cheaper internal & swap transactions.
- For Railgun DEX, the RAILYSWAP.
- To allow transaction fees in a token different from transacted currency.
- To support private NFT, fully private NFT auctions, and voting through NFT stakes.
- For the deployment of the Relayer network, Solana Railgun (SOLRAIL) and Polkadot Railgun (DOTRAIL).
RAILGUN (RAIL) Price Analysis
The price of Railgun on July 6, 2022, is $0.89. CoinMarketCap ranks it at number 2997. It has a trading volume of $1.02 million. It has a maximum supply of a hundred million Rail tokens and a circulating supply of fifty million tokens. With its stable price trends, we can expect a surge in its price in the future.
RAILGUN Price Prediction – Crypto Academy
We have predicted the price of Railgun in the future, during the years 2022 and beyond, after going through their past prices and policies regarding privacy, security, and governance.
Railgun Price Prediction 2022
According to our analysis of the past price data of RAIL, we can predict a minimum price of RAIL to be $0.6 in 2022, with an average trading price of $1.7 throughout the year. In the same year, the maximum price of a Railgun can reach a level of $2.3 with the deployment of the Railgun on Binance Smart Chain and Polygon.
Railgun Price Prediction 2023
The minimum price of a Railgun can reach a level of $1.5 by 2023. The average price can remain at $2.5, while the maximum price of Railgun can be $3.3 in 2023 with the release of RAILYSWAP, their DEX.
Railgun Price Forecast for 2024
As most of the forecasts and analyses say, the price of Railgun can reach a minimum level of $2.3 in 2024 due to the use of Zero-Knowledge Proof (ZK-SNARK) technology for the privacy and security of its users and assets. The maximum RAIL price can be about $4.4, with an average trading price of $3.3 throughout the year.
Railgun Price Forecast for 2025
The price of a RAIL can be at a minimum level of $3.5 in 2025, while the maximum RAIL price can be $6.4, and an average price can be $4.7 throughout the year. This can happen after the deployment of the Relayer network, SOLRAIL and DOTRAIL.
Railgun Price Prediction 2026
Railgun price can have a price as low as $5 and as high as $9 in 2026. Our findings say that its average forecast price can be $8.11 during this year after they start supporting private NFT, their auctions, and votings.
RAILGUN Price Prediction: Market Overview
Following are the price prediction of Railgun, according to various crypto-related websites.
Priceprediction.net
Prieprediction.net Railgun price prediction expects the maximum price of Railgun to be $2.19, while the average price can be $1.93 by the end of 2022. Their estimates for the next five years show that its price can reach $8.11 by then. In 2031, its highest price can be $61.58.
Digital Coin Price
They predict the lowest price to be $1.28 and the highest price to be $4.96 in the future. In one year, it can have a one-time increase. Ina year, it can be $1.40, $1.55 in three years, $1.8 in four years, and $2.44 in the next five years. In six years, the price can be $3.15, and in seven years can be $3.84.
Tech News Leader
The Railgun price can be as high as $2.77 in a year and $8.41 by 2025. In ten years, the price can increase to $57.7. Its minimum value can surpass $55.5, and the maximum value can be $68.8 in eight to ten years.
Wallet Investors
Wallet Investors consider RAIL to be a profitable investment. You can buy 110.5 RAIL using $100 on July 6, 2022. In 2027, its price can be $10.22. This five-year investment can yield revenue of +1029.8%. So, your current $100 investment can be $1129.8 by then.
Coin Codex
Their estimated price for 2024 can be between $ 1.21 and $ 2.10, indicating an increase of 132.96%. It can be from $ 1.55 to $ 4.66 by 2025, with a rise of 416.78%. With revenue of 1,046%, their price can lie between $1.99 and $10.33 in 2026.
Coin Arbitrage Bot
They predict the price of RAIL to be $1.56 by the end of 2022. In a year, it could be $1.72, and in the next three years, the minimum level can be $10.08, and the minimum level can be $0.51. By the end of 2023, the price can be $2.79 and $4.51 by 2024. In 2025, the remarkable price can be $7.29.
Cryptopredictions.com
They predict the price of 2022 can be $1.19 with a rise of 29.00%. The price can be $1.74 (+88%), $2.3 (148%), $2.67 (189%), and $2.96 (220%) in 2023, 2024, 2025, and 2026.
Pick A Crypto
They think that Railgun (RAIL) can have a price from $6 to $30 in 2022 due to the products and partnerships introduced by the team. Their analysis of fundamentals and past prices can lie between $40 and $300 from the year 2023 to 2025.
How To Buy Railgun
You cannot buy Railgun directly through fiat money. You can buy Railgun using an altcoin exchange by exchanging it with another cryptocurrency.
Step 1: Create an Account
You have to first buy a major cryptocurrency that can later be exchanged with RAIL. Select a fiat to crypto exchange and make your account on it. You can use Uphold.com or Coinbase to buy Bitcoin (BTC) or Ethereum (ETH) from one of them after checking both of them to know your own preference. You have to enter your email address, a strong password, and your real name to sign up, protect, and verify your account on this platform.
After that, go and look for a confirmation notification in an email from Coinbase. Click on it to go to the 2FA authentication page that will require a valid mobile number. It will add some extra security to your Coinbase account.
Next up is identity verification and the platform directs the user through identity verification. These steps can sometimes be timely but are necessary for the safety of your transaction on a trusted platform. You also have to go through a Know-Your-Customers (KYC) process that is automated and will take almost 15 minutes.
Step 2: Select a Payment Method
After finishing the KYC process, you are required to choose a payment method out of credit/debit card or a bank transfer. In most locations, credit cards can charge you higher while providing higher purchasing speed than a bank transfer.
Depending on your residential country, you can sometimes have higher speeds with fewer fees. In Europe, users can use iDeal, which provides instant cash deposits at a lower cost.
Step 3: Buy BTC
Now, you will be ready for your first cryptocurrency trade. You can prefer buying BTC. From the top of the Coinbase page, click on the ‘Trade’ button. Select the coin you wish to buy (Bitcoin) and confirm your transaction.
Step 4: Sign up on an Altcoin Exchange
After buying BTC, you have to move it to an altcoin exchange as Railgun is an altcoin. You can do this by making an account on a commonly-used platform, such as Gate.io, as it supports the trade of BTC and RAIL, along with many other coins.
Sign in process is very similar to that of Coinbase. After making an account and going through a 2FA authentication for extra security, you also have to pass the KYC process, which takes 30 minutes or a few days. This will give you complete access to your wallet.
Step 5: Deposit BTC
On gate.io, copy the Bitcoin Address and go back to the Portfolio page of Coinbase. From the asset list, select Bitcoin and then send. Paste the copied wallet address to the recipient field and recheck it for authenticity, as computer malware can alter your address from the clipboard to take your funds to another person.
Now send your funds after rechecking the address. You will instantly receive a confirmation email; click on the link in the email to move your coins to Gate.io. Now, you are ready to buy RAIL after receiving a confirmation from Gate.io.
Step 6: Buy RAIL
At last, go back to the exchange area of Gate.io and type BTC in the search bar in the right column to buy altcoin from BTC. Click on the trading pairs, type in RAIL, and select the pair RAIL/BTC. A price chart of RAIL/BTC will appear in the center of the page.
Below the chart, click on the button ‘Buy RAIL’ and choose the “Market” tab. After that, you can type in the amount or click at percentage button to choose the portion of the BTC deposit for exchange. Recheck all the information and their terms and conditions. Confirm your trade after getting satisfied and clicking “Buy RAIL” to get your coins.
Frequently Asked Questions
Is Rail a Good Investment?
Yes, RAIL is a good investment with the privacy, security, and right to governance it provides to its users.
Can Rail Reach $1?
RAIL can surpass $1 by 2022 with the deployment of the Rail Gun on Binance Smart Chain and Polygon.
Where To Buy RAIL token (RAIL)?
You can buy Railgun from exchanges like BKEX, Uniswap (V3), CoinEx, SushiSwap, and Bancor Network.
Takeaways
- Railgun is a smart contract system that runs on Zero-Knowledge Proof (ZK-SNARK) technology to provide privacy and security to cryptocurrency and DeFi users.
- It removes the wallet addresses of users during all of your actions and transactions on blockchains, earlier where your information used to be available to the public for view.
- It makes its users enjoy privacy while not only trading but also adding liquidity with Decentralized Applications (dApps).
- Railgun is directly based on the Ethereum mainnet that adds extra steps linked to additional layer two infrastructure and removes the security risk.
- Several ERC-20 tokens, including RAIL, USDC, renBTC, and remZEC, can be easily used on it, while more tokens will be added in the future through governance vote.
- RAILGUN protects the users’ privacy by keeping their actions confidential and gives anonymity by keeping their identity secret.
- RAIL is a good investment with the privacy, security, and right to governance it provides to its users.
- RAIL can surpass $1 in 2022.
- The maximum price of a Railgun can be $3.3 in 2023.
- The maximum RAIL price can be $6.4, and the average price can be $4.7 throughout the year.
- Railgun price can have a price as low as $5 and as high as $9 in 2026.
- You can buy Railgun from exchanges like BKEX, Uniswap (V3), CoinEx, SushiSwap, and Bancor Network.