Radix Sale Update & Liquidity Mining Rewards
Hello
I want to give you a quick update on the Radix token sale and our plans for supporting the secondary market for the XRD token.
We now have approximately one thousand participants in the Radix sale with more joining each day. We have hit our soft internal targets and have decided to end the sale Thursday, October 22nd.
We have opted not to initially list the XRD token on traditional exchanges, although we have many exchanges interested in doing so. Instead, we wanted our community to have the chance to create markets on DEFI platforms like Uniswap. To support this effort and to help create a robust secondary market between now and launch of Radix mainnet in approximately six months, we are allocating 200 Million XRD tokens to be rewarded through liquidity mining.
This means anyone who wants to participate can earn RDX tokens simply by providing liquidity or joining a liquidity mining pool. Rewards are structured so that they compound, meaning the sooner you start mining and the longer you mine, the higher proportional % of tokens you receive.
To begin liquidity mining you have to own Radix tokens. This means that participants in the sale will be at an immediate advantage as they will own tokens prior to the market opening and will not have to buy tokens on the market to participate in mining rewards. Due to our tiered-price vesting, only 1% of all purchased tokens will be released in the first week of distribution. Supply-side economics suggests this will lead to some healthy volatility in the markets in the first weeks and months, heading into our mainnet launch.
For Radix token holders volatility is good, as tokens are only released as each price tier is met. As each price tier is met, Radix market cap increases exponentially, in a way which may garner much attention. We would like to see a market with a stable price above the highest vested price tier by the launch of the Radix mainnet.
For more information about the mining incentives please join our community discussion on Telegram and our new Discord channel.
If you would like to secure your XRD tokens before our token sale closes, you can do that by registering on our token portal at: radixtokens.com before October 22.
Thank you,
Piers Ridyard
CEO of Radix DLT
*Please note: The Radix Token Sale is being conducted by Altcoinomy S.A. acting as pre-incorporation agent for the Token Generating Entity. All information relating to the Radix Token Sale is issued by the Radix Foundation Ltd acting as pre-incorporation agent for the Token Generating Entity. Altcoinomy S.A. is a Swiss regulated company. The Radix Foundation is a UK company limited by guarantee.
Hello
I want to give you a quick update on the Radix token sale and our plans for supporting the secondary market for the XRD token.
We now have approximately one thousand participants in the Radix sale with more joining each day. We have hit our soft internal targets and have decided to end the sale Thursday, October 22nd.
We have opted not to initially list the XRD token on traditional exchanges, although we have many exchanges interested in doing so. Instead, we wanted our community to have the chance to create markets on DEFI platforms like Uniswap. To support this effort and to help create a robust secondary market between now and launch of Radix mainnet in approximately six months, we are allocating 200 Million XRD tokens to be rewarded through liquidity mining.
This means anyone who wants to participate can earn RDX tokens simply by providing liquidity or joining a liquidity mining pool. Rewards are structured so that they compound, meaning the sooner you start mining and the longer you mine, the higher proportional % of tokens you receive.
To begin liquidity mining you have to own Radix tokens. This means that participants in the sale will be at an immediate advantage as they will own tokens prior to the market opening and will not have to buy tokens on the market to participate in mining rewards. Due to our tiered-price vesting, only 1% of all purchased tokens will be released in the first week of distribution. Supply-side economics suggests this will lead to some healthy volatility in the markets in the first weeks and months, heading into our mainnet launch.
For Radix token holders volatility is good, as tokens are only released as each price tier is met. As each price tier is met, Radix market cap increases exponentially, in a way which may garner much attention. We would like to see a market with a stable price above the highest vested price tier by the launch of the Radix mainnet.
For more information about the mining incentives please join our community discussion on Telegram and our new Discord channel.
If you would like to secure your XRD tokens before our token sale closes, you can do that by registering on our token portal at: radixtokens.com before October 22.
Thank you,
Piers Ridyard
CEO of Radix DLT
*Please note: The Radix Token Sale is being conducted by Altcoinomy S.A. acting as pre-incorporation agent for the Token Generating Entity. All information relating to the Radix Token Sale is issued by the Radix Foundation Ltd acting as pre-incorporation agent for the Token Generating Entity. Altcoinomy S.A. is a Swiss regulated company. The Radix Foundation is a UK company limited by guarantee.
It seems like they are feelling that all tokens will be not sold and now going to sell them on DEX exchanges? And the fact that tokens will be not listed on good CEX exchanges like Binance don't give them more investors. Well, now I don't want to participate for sure.
