Our team leads are listed on our website. The technical lead and other developers may not be well known, but it is important to note that the newness of the blockchain space means that there are many skilled developers with very limited histories.

It should also be stated that very little in Relay is entirely new, and thus the technical base has largely already been proven out. The core blockchain is forked from Ethereum and the privacy implementation is also based on existing work. The codebase is furthermore currently undergoing third party private review and will be subject to a public bug bounty prior to mainnet launch, fundraising for which is one of the major motivating factors for the public round. The most important innovation Relay brings is in its collateralization mechanism and two-token structure, which is less a coding than economics invention.


We appreciate that the token economics are a key point for potential public round participants, so we will do our best to be clear as possible. The following has been added to the starting post as well.

The Relay Token (XRT) is what contributors receive in return for their public round funds. This token is the foundation for the value of the Relay Dollar through a system where XRT holders can 'lock up' their tokens in return for Relay Dollars (XRD) at any time and for any duration. XRT holders benefit from the success of the Relay stablecoin system in two ways:

1) If the value of XRD rises above $1.01, additional XRD is printed and sent to XRT collateral holders to provide selling pressure and decrease the price back down to the $1.00 peg. Thus, increased demand for the Relay Dollar provides a direct revenue stream to XRT holders.
2) As adoption of the Relay stablecoin system grows, the value of XRT increases due to demand driven primarily by the income stream described above. Thus, XRD adoption both leads to XRD being directly given to XRT holders as well as increasing value for the tokens themselves.