Mugen backs Rayls mainnet launch and RLS token activation

By AI, Created 7:21 PM UTC, May 27, 2026, /AGP/ – Mugen said it supported Rayls as the public chain mainnet went live on April 30, 2026, activating the network’s RLS token economy and staking program. The launch links institutional networks with a public chain and adds a USD-backed gas token as Rayls expands its onchain finance stack.

Why it matters: - The Rayls launch moves the network from a development phase into live operations. - The mainnet connects permissioned institutional networks with a public, permissionless chain. - The launch turns on the RLS token economy, which uses staking and fee burns to support network alignment and deflation. - The rollout also adds USDr, a Rayls-native USD-backed stablecoin used to pay gas. - Mugen’s role shows how foundation finance and operations support becomes more important once a protocol goes live.

What happened: - Rayls launched its public chain mainnet on April 30, 2026. - Mugen said it has supported Rayls as finance and operations partner through the RLS token launch and mainnet workstreams. - Mugen continues in that role as the network enters its live phase. - Mugen said the work has helped bring the program to mainnet while Rayls focused on protocol development and ecosystem growth.

The details: - RLS is the native token of the Rayls network. - The token is used for staking and network alignment. - Rayls built a 50% burn of transaction fees across the public and private chains into the token design. - Rayls also built in a 10% burn of the monthly unlocked foundation supply. - The RLS staking program went live in parallel with the mainnet launch. - Mugen said its scope covers token launch execution plus finance, accounting, governance, and program management support. - Mugen said the operating model mirrors the firm’s work with other foundation clients moving from pre-launch to mainnet. - Rayls has formalized tokenomics with measurable supply controls. - Rayls is preparing an Enygma privacy protocol upgrade for the third quarter of 2026. - Rayls has a planned bridge to Ethereum. - Rayls also plans to progress toward DAO governance during 2026. - Mugen is a Web3 consulting firm based in George Town, Grand Cayman. - Mugen supports foundations, funds, DAOs, and operating companies across the Cayman Islands, British Virgin Islands, UAE, and Cyprus. - Mugen provides finance, operations, growth, and security services, including foundation and entity structuring, treasury management, governance and compliance, project and operations management, tokenomics strategy, ecosystem and growth strategy, and cybersecurity.

Between the lines: - The launch suggests Rayls is positioning itself as an institution-facing blockchain rather than a retail-first network. - The mix of fee burns, staking, privacy tooling, and planned DAO governance points to a longer-term operating model, not just a token event. - Mugen framed the mainnet shift as one that expands audit, counterparty, reporting, and compliance demands for the foundation. - Pshenitsyn said mainnet moves a project from research into a live operating program, where operational and governance demands change. - Pshenitsyn also said Mugen’s job is to support the foundation infrastructure beyond launch.

What’s next: - Rayls is expected to keep building around the live mainnet with the Enygma upgrade planned for Q3 2026. - The planned Ethereum bridge could extend Rayls’ reach into broader blockchain liquidity and connectivity. - Rayls’ move toward DAO governance could shift more oversight and decision-making into the network over time. - Mugen said it will remain involved as Rayls enters the operating phase after launch.

The bottom line: - Rayls has turned on its public mainnet and token economy, and Mugen is staying close to help manage the operational load that follows a live launch.