RAY is used for:
- Pledge to earn agreement fee
- Pledge to receive IDO distribution
- Governance vote on protocol decisions
AlphaRay leads Raydium's overall strategy, operations, product direction and business development. With a background in algorithmic commodity trading, Alpha transitioned to market making and liquidity for cryptocurrencies in 2017 and hasn't looked back. After diving into DeFi in the summer of 2020, Alpha saw a market need for order book AMM to aggregate liquidity, and with the launch of Serum, assembled a team of experienced transaction developers to address this issue head on. XRay is the technical director and development team leader for Raydium. X has 8 years of experience as a transaction and low latency system architect for both traditional and crypto markets. X designs all Raydium systems and infrastructure as needed. GammaRay is responsible for marketing and communications, while also playing a key role in strategic and product direction. Gamma has spent most of his career at a leading data analytics and market research firm, responsible for customer engagement and corporate marketing. Prior to Raydium, Gamma's focus in cryptocurrencies was technical analysis and carte Blanche trading.