Unlock Schedule
Railgun (RAIL) Token Unlock & Vesting Schedule
As of November 8, 2026, 60 million of the 100 million RAIL (60.00%) have been released. The schedule is ongoing, with no final release date.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
The role of RAIL
RAIL is an ERC-20 token on Ethereum with a stated maximum supply of 100 million tokens. Holders can lock RAIL in the governance contract to submit proposals, vote, or delegate voting power. Under the documented voting system, one locked RAIL represents one vote. The governance process covers matters such as contract upgrades, treasury decisions, and deployments. (docs.railgun.org)
Railgun collects deductions when users shield or unshield assets. Those tokens go to governance treasuries, which allocate rewards over time to eligible participants who lock governance tokens. Unlocking RAIL involves a 30-day waiting period, during which the tokens have no voting power or reward eligibility. These rules link participation in governance to the protocol’s incentive system. (docs.railgun.org)
Railgun also has separate tokens for two other deployments. RAILPOLY governs the Polygon deployment, and RAILBSC governs the BNB Smart Chain deployment. Ethereum’s RAIL governance also secures Railgun on Arbitrum. The three token names therefore refer to different governance systems, rather than three names for the same token. (docs.railgun.org)
Assumptions
RAIL has a 100 million token cap: the whitepaper assigns 25 million each to a genesis airdrop and the Right to Privacy Foundation, and reserves 50 million for DAO-approved minting. Reported DAO mints comprise 7.5 million for strategic partners in 2022 and 2.5 million to the treasury in July 2026; the remaining 40 million has no approved release calendar. The chart shows the dated issuance, with the January 2022 placement labeled as an estimate. RAIL rewards paid from treasury balances are a separate, unquantified distribution stream, not additional token minting.
- DAO-governed mint reserve — 50% of maximum supply: Releases depend on future governance or treasury decisions.
- RAIL security rewards from treasury balances: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- 1. https://resources.cryptocompare.com/asset-management/1823/1674569706520.pdf
- 2. https://www.prnewswire.com/news-releases/railgun-is-bringing-much-needed-privacy-to-the-ethereum-network-301325962.html
- 3. https://docs.railgun.org/wiki/rail-token/rail-tokenomics.md
- 4. https://chainwire.org/2022/01/28/digital-currency-group-announces-10m-strategic-investment-with-privacy-preserving-project-railgun/
- 5. https://blockworks.com/analytics/railgun/railgun
- 6. https://www.migalabs.io/blog/railgun-freeze-DAO
- 7. https://etherscan.io/tx/0x01b125307242dcb57f77aa1c925ac1b0af56dc29616631336bb15f25fdca1778
- 8. https://docs.railgun.org/wiki/rail-token/rail-security-rewards.md
- 9. https://docs.railgun.org/wiki/rail-token/protocol-governance
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 1 market on Lighter · $5.6K open interest
Allocations
Description
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Railgun is a privacy-focused cryptocurrency project that enables private transactions and smart contract interactions on the Ethereum blockchain and other compatible networks. It uses zero-knowledge proof technology to shield user identities and transaction details, ensuring privacy and security for DeFi activities.
| Sector: | Payments |
| Blockchain: | Ethereum |
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 1 market on Lighter · $5.6K open interest