$RAIL Token Rights

Updated Mar 12, 2026

Overview

Token(s): RAILsRAIL
Token Type: GovernanceUtility
Utility: Staking

RAIL is a governance token that allows holders to participate in the decentralized governance of the RAILGUN protocol. RAIL can be staked to secure the protocol and collect security rewards.

Governance Rights

Control

RAILGUN governance is decentralized, any wallet that locks RAIL can vote on and submit proposals to vote. For all governance stages, 1 RAIL locked is equal to 1 vote, snapshots of voting power are taken at each governance stage. Votes can also be delegated to another wallet. The decentralized governance system is the only way in which upgrades to the RAILGUN protocol can be made.

Governance Decisions

sRAIL

There are no subject matter limitations on the decentralized governance system and every Active Governor is entitled to submit a proposal on any code changes. RAIL on Polygon and BSC have their own separate governance systems and have chain-specific tokens: RAIL (on Ethereum), RAILPOLY and RAILBSC.

Treasury Decisions

sRAIL

Active Governors can submit a proposal for the distribution of treasury tokens.

Revenue Decisions

sRAIL

Governance can propose changes to Deductions, which are fees taken per shield & unshield interaction and sent to the treasury address, a portion of which is distributed to stakers.

Fee Switch

Stakers receive rewards to incentivize active engagement. 2% of treasury tokens accumulated through Deductions are allocated to stakers on a regular basis.

Resources

Treasury linkshttps://docs.railgun.org/wiki/learn/helpful-links#treasury

Treasury token balancesrail.governance.fi

Primary Value Accrual

Protocol Revenue Share

Value accrues to stakers through treasury distributions every two weeks.

Equity Statement

RAILGUN was not started by a company with shareholders, but as an open GitHub project. Fees go to the voters who protect the protocol updates.

Economic Rights

Value Capture

RAIL stakers receive a portion of protocol Deductions as an incentive for participation in code changes. 2% of the treasury tokens are allocated to stakers every two weeks. To receive rewards, stakers must not delegate their vote to a different address.

Buybacks

N/A

Dividends

sRAIL

Participating stakers who don't delegate their vote can submit gas to claim rewards every two weeks.

Burns

N/A

No burn mechanism is currently active

Ownership

Raise History

1 round · $7m total

Date	Amount	Round	Valuation
Jul 26, 2021	$7m	Private token sale	—

Fundraising: Token Sale
Equity Revenue Capture: No
Associated Entities: DAO