Friday February 26, 2021
Bitcoin (BTC) $46,511.00   Ether (ETH) $1,477.14
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Networks & Protocols

Radix raises $12.7M to support its layer-one DeFi blockchain protocol

652 contributors from 67 countries participated in the Radix public token sale...

Published by CryptoNinjas.net
10/29/2020
Radix raises $12.7M to support its layer-one DeFi blockchain protocol

Radix, a layer-one protocol for decentralized finance (DeFi), announced today it has raised $12.7 million to support the growth, decentralization, and development of its platform for building and deploying DeFi applications.

The Radix (eXRD) public token sale began on October 8, 2020, at 18:00 UTC and generated contributions from 652 participants in 67 countries before closing on October 22, 2020. The purchase of Radix tokens was subject to a $5,000 minimum purchase and the successful completion of strict KYC/AML, and excluded certain jurisdictions, such as the United States.

“Distributing Radix tokens widely helps us achieve our goal to incentivize participants and ensure sufficient decentralization of the public network,” said Piers Ridyard, CEO of Radix. “We’re very pleased by the support of so many contributors who share Radix’s vision of realizing DeFi’s transformative potential.”

DeFi is a world-changing innovation, but its future is in jeopardy. Ethereum is congested and has become a “whales only” playground due to soaring transaction fees. Ethereum 2.0 is years away from delivering any meaningful improvements for DeFi and breaks core functionality such as atomic composability. The Radix Public Network is designed to solve these issues by enabling fast, low-cost, secure transactions; a development environment focused on enabling safe and flexible management of user assets; and a smart contract marketplace designed to create a vibrant developer ecosystem.

Radix is made up of four breakthrough technologies: Cerberus, a high-speed network consensus mechanism; the Radix Engine, a purpose-built development environment for building DeFi applications; the Component Catalog, a library of DeFi building blocks; and the Developer Royalty System, a first-of-its-kind decentralized incentive program. Together, these tools are designed to create a decentralized, incentivized, and self-sustaining DeFi ecosystem on Radix, making it the world’s most powerful, user-friendly, and interoperable DeFi platform. These core technologies are detailed further in a recently published White Paper. The Radix mainnet will launch in 2021.

The first eXRD tokens will be distributed on November 17, 2020. 200 million additional eXRD tokens are planned to be distributed as community liquidity rewards over 6 months to eXRD token holders who add liquidity to the eXRD/USDC pool on Uniswap. More details about the program can be found here.

FacebookTwitterLinkedinRedditE-MailTelegram
Via: radixdlt.com

Related News

LATAM bitcoin exchange Bitso secures insurance policy on user's crypto deposits
Crypto Exchanges

LATAM bitcoin exchange Bitso secures insurance policy on users’ crypto deposits

02/25/2021
Coinbase files registration statement for proposed public stock listing 
Crypto Exchanges

Coinbase files registration statement for proposed public stock listing 

02/25/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks
Networks & Protocols

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
Boson Protocol partners with Crucible to enable brands and games reward users with real-world items
Networks & Protocols

Boson Protocol partners with Crucible to enable brands and games to reward users with real-world items

02/25/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund
Capital Raising

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Bitcoin ATM company Lamassu unveils brand new operator admin system

Bitcoin ATM company Lamassu unveils brand new operator admin system

02/23/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

02/22/2021
Crypto exchange technology platform HollaEx gets upgraded suite

Crypto exchange technology platform HollaEx gets upgraded suite

02/18/2021
LATAM bitcoin exchange Bitso secures insurance policy on user's crypto deposits

LATAM bitcoin exchange Bitso secures insurance policy on users’ crypto deposits

02/25/2021
Coinbase files registration statement for proposed public stock listing 

Coinbase files registration statement for proposed public stock listing 

02/25/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
Boson Protocol partners with Crucible to enable brands and games reward users with real-world items

Boson Protocol partners with Crucible to enable brands and games to reward users with real-world items

02/25/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version