Ranger Finance has initiated a $6 million initial coin offering (ICO) on the MetaDAO platform to fund the development of its decentralized exchange (DEX) aggregator on the Solana blockchain. The ICO, which runs until January 10th, aims to improve order routing by leveraging Ranger's intelligent system that evaluates liquidity and optimizes trade execution across multiple venues. The ICO features a performance-based unlock mechanism, with a total token supply of 25,625,000 RNGR tokens, of which 10 million are allocated for the ICO. Ranger Finance plans a token buyback if the fundraising exceeds the $6 million target. The project, which previously secured $1.9 million in funding, emphasizes transparency and no pre-mine, though it faces scrutiny over team anonymity and governance details.