RAZOR

Razor Network is a decentralized oracle network designed to provide secure and reliable data feeds for decentralized finance (DeFi) applications and other blockchain-based platforms. It aims to solve the common problem of trust in data sources by ensuring that the data used in smart contracts is accurate and tamper-proof.

The native token of Razor Network, RAZOR, is utilized within the ecosystem for various purposes. Validators stake RAZOR tokens to participate in the network and are rewarded for correctly reporting data or penalized for any inaccuracies. This staking mechanism incentivizes honesty and accuracy among participants. Additionally, RAZOR tokens are used for governance, allowing token holders to vote on protocol upgrades and changes.

By offering a robust and decentralized solution for external data verification, Razor Network enhances the functionality and security of smart contracts across multiple sectors, fostering greater trust and adoption of blockchain technology.