Cryptocurrencies

Text

Radix (XRD) coin issuance price, total amount and white paper introduction

With its initial coin offering (ICO) in 2019, Radix (XRD) established a coin issuance price of $0.0345, laying the foundation for its subsequent circulation and ecosystem development.

Dec 17, 2024 at 02:11 am

Key Points:

Radix (XRD) coin issuance price
Total amount of XRD in circulation
Overview of the Radix White Paper

Coin Issuance Price

XRD's coin issuance price was initially set at $0.0345 during its initial coin offering (ICO) in 2019.

Total Amount of XRD

The total supply of XRD is 12 billion tokens, of which:
- 40% (4.8 billion XRD) were sold during the ICO.
- 30% (3.6 billion XRD) are reserved for future ecosystem development.
- 20% (2.4 billion XRD) are allocated to the Radix team and early contributors.
- 10% (1.2 billion XRD) are held in reserve for potential future use.

White Paper Introduction

The Radix White Paper, published in 2017, outlines the technical foundation, vision, and roadmap for the Radix platform. Here's an overview of its key concepts:

Atomic Cross-Shard Transactions: Radix introduces a unique feature called SHARD, which enables atomic transactions across multiple shards within its distributed ledger. This allows for parallel processing and higher transaction throughput without compromising data integrity.
Cerberus Consensus Algorithm: Radix employs a novel consensus algorithm, Cerberus, which is designed to provide fast and secure transaction finality. Cerberus utilizes a decentralized network of validators to achieve consenso without the need for multiple confirmation rounds.
Scrypto Smart Contract Language: Scrypto is a purpose-built smart contract language developed specifically for Radix. It provides a secure and intuitive interface for creating and deploying smart contracts, reducing the risk of vulnerabilities or errors.
Resonance Layer: The Resonance layer serves as a middleware between the Scrypto language and the Radix network. It abstracts away the complexities of the underlying distributed ledger, allowing developers to focus on building high-performance and scalable applications.

FAQs:

What is the current price of XRD?
- Please check up-to-date crypto market data for current pricing information.
How is XRD used?
- XRD is used to pay for transaction fees, stake on the network, and govern the Radix ecosystem through the Radix Token Management System (RTMS).
Where can I buy XRD?
- XRD is available for purchase on various cryptocurrency exchanges, including Binance, Coinbase, and KuCoin.
What is the role of Radix's team in the project?
- The Radix team consists of experienced blockchain engineers, researchers, and industry professionals responsible for developing and maintaining the Radix platform.
What is the roadmap for Radix development?
- Radix is in the process of rolling out its Olympo network, which represents a major milestone in delivering the benefits of its atomic cross-shard transactions. The roadmap includes ongoing upgrades and new features to enhance the platform's capabilities and growth.

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