Rail ($RAIL) is the governance token behind RAILGUN, a privacy protocol for Ethereum and other EVM chains that uses zero-knowledge proofs to keep on-chain activity confidential. RAILGUN allows users to shield assets and interact with smart contracts without revealing wallet addresses, balances, or transaction histories, while still remaining fully on-chain and non-custodial.
The RAIL token is primarily a governance asset, used to coordinate decisions around protocol upgrades, parameters, and DAO operations. Holding or staking RAIL gives participants a voice in how RAILGUN evolves, but it is not required to use the protocol’s privacy features themselves.
RAILGUN integrates directly with existing DeFi protocols, enabling private swaps, lending, and other smart-contract interactions while preserving the security and verifiability of public blockchains. The system is designed to balance user privacy with compliance tooling and cryptographic transparency.
