Radix
XRD
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Radix Intro
Radix is a Layer 1 smart contract platform purpose-built to revolutionize the global financial system, valued at over $400 trillion. By starting with this ambitious goal, Radix has designed a solution that centralizes innovation in DeFi. The platform leverages Scrypto, an intuitive asset-oriented programming language; Radix Engine, the first programmable “DeFi Engine”; and Cerberus, a groundbreaking consensus algorithm that delivers atomic composability with linear scalability. After more than nine years of intensive research, testing, and development, Radix is ready to transform the DeFi landscape.
Founded by Dan Hughes in 2017, Radix DLT is a decentralized network specifically crafted to empower DeFi developers by enabling faster development cycles without compromising security. Radix's mission is to build an open, interconnected platform where powerful and secure DeFi applications can thrive. Positioned as the "first layer of DeFi done right," Radix sets itself apart with its innovative consensus mechanism, Cerberus, ensuring unmatched scalability and composability.
Above are only for introduction, not intended as investment advice.
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Q&A about Radix Tokenomics
Explore the tokenomics of Radix (XRD) and review the project details below.
What is the allocation for Radix (XRD)?
Radix tokens (XRD) have gone through various phases and rebranding, including changing from eXRD to XRD. The initial allocation involved distributing tokens to early backers, strategic partners, and contributors to the project. Some tokens were also set aside for the Radix Foundation to support ecosystem development, including grants and initiatives:
- 35% is allocated to Team
- 30% is allocated to Council
- 15% is allocated to Development Funds
- 10% is allocated to Liquidity Alternatives
- 10% is allocated to Community Governance and Others
What is the supply schedule for Radix (XRD)?
Radix employs a unique supply model called the "Oversubscribed Public Sale" (OPS). Under this model, tokens were sold through a series of public sale rounds, with each round having a higher price per token than the previous one. The goal was to allocate tokens to participants who placed higher value on them, and the supply dynamics were determined by the demand in each round. The total issuance of XRD coins is 24 billion.
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