What is the issuance and circulation of Radiant Capital (RDNT) coins?

Radiant Capital's (RDNT) issuance and circulation of tokens enables governance, staking, exclusive feature access, and trading, with approximately 60% of the supply currently available in the market.

Nov 29, 2024 at 04:34 am

Radiant Capital (RDNT) Coin Issuance and Circulation

What is Radiant Capital (RDNT)?

Radiant Capital is a decentralized, autonomous organization (DAO) that provides funding and support to blockchain startups and projects. The RDNT coin is the native token of the Radiant Capital platform and is used for governance, staking, and accessing exclusive features.

Issuance of RDNT Tokens

The total supply of RDNT tokens is 1 billion, which were issued through a series of public and private token sales. Here's a breakdown of the token distribution:

Seed Sale: 15% of the total supply (150 million RDNT) was sold in a private seed round in 2018.
Private Sale: 35% of the total supply (350 million RDNT) was sold in several private token sales in 2019 and 2020.
Public Sale: 25% of the total supply (250 million RDNT) was sold in a public token sale in 2021.
Team and Advisors: 10% of the total supply (100 million RDNT) was allocated to the core team and advisors.
Community Reserve: 10% of the total supply (100 million RDNT) was set aside for the community reserve, which is used to support various initiatives and programs.
Circulation: Approximately 60% of the total RDNT token supply is currently in circulation (600 million RDNT), with the remaining 40% held in reserve by the team, community, and various stakeholders.

Circulation of RDNT Tokens

RDNT tokens are actively traded on numerous cryptocurrency exchanges and can be used for:

Governance: RDNT holders can participate in platform governance and vote on key decisions, such as funding proposals and protocol upgrades.
Staking: By staking RDNT tokens, users can earn rewards and support the security of the Radiant Capital platform.
Access to Exclusive Features: RDNT holders may gain access to exclusive features and perks on the Radiant Capital platform, such as early access to funding opportunities and community-led initiatives.
Trading and Market Participation: RDNT tokens can be traded on cryptocurrency exchanges for other cryptocurrencies or fiat currencies.

Note: The issuance and circulation of Radiant Capital coins is a dynamic process that may change over time due to factors such as additional token sales, burning, and community initiatives. For the most up-to-date and accurate information, please refer to official Radiant Capital documentation and announcements.

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