What is Radix (XRD)?
Radix is a Layer 1 decentralized finance (DeFi) solution that offers a custom-built programming language to address the issues of traditional DeFi protocols. This network provides developers with an environment in which they can rapidly create projects without any fear of exploitation or hacking, and where all improvements made are rewarded. In essence, Radix combines security, scalability, and composability into a DeFi-focused execution environment.
Radix comes with its own BFT-style consensus mechanism – Cerberus, an exclusive execution environment – Radix Engine, and a specific programming language for developing smart contracts – Scrypto. Besides, it has its own token called XRD. If you're curious to see the current XRD price, take a look at the Radix price chart above.
Use Cases of XRD Tokens
The XRD crypto asset is the exclusive cryptocurrency of the Radix Ecosystem. For starters, it can be used for staking to enhance security on the network through the Delegated Proof-of-Stake consensus mechanism employed by the network. The more XRD coins are staked, the higher the level of security. Besides, stakers are compensated in XRD tokens for securing the network.
Apart from staking, XRD tokens are also used as the only means of payment within the network. This means that all Radix fees can only be covered using XRD coins.
Who Founded Radix?
In 2013, Dan Hughes, a seasoned technology and software developer with experience in game development, created Radix. Though, at first, the project was known as eMunie.
Later, in 2017, Piers Ridyard joined the leading Radix team. As the CEO of Radix, Ridyard brings his extensive knowledge of blockchain solutions to the table, while Hughes leads a team of diverse professionals who are all knowledgeable in their respective fields.
XRD Tokenomics
The max supply of XRD is 24 billion tokens. Out of that supply, 10% was reserved for stablecoin reserves to maintain XRD price stability, 2.5% for network subsidy, 2.7% for the token sale, 50% for network emission (as incentives to developers), 0.8% as liquidity rewards, 9.0% for the Radix foundation, 12.5% for the Radix community, and 10% for the founders.
Don’t forget that you can check the live XRD price on the Radix price chart mentioned before.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
228.79K
Followers: 228,791
0.05%
Following
219
0.00%
Posts count
10,395
0.63%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
11.36K
Subscribers: 11,364
0.11%
Subreddit type
public
Moderators
8
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
21.88K
Members: 21,886
0.40%
Title
Radix DLT Official
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
70 / 100
0.00%
Ahrefs Rank
102,574
0.73%
Organic Traffic (mo.)
939
1.84%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
123
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
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