Topic: [PRE-ANN][IPO][RADIX][based on Ripple]First stage 40% of coins to be distributed - page 5. (Read 13500 times)

Another IPO?

 Nice web-site, but when you expect show us any proofs of the actual code?

Looks interesting. I will invest in a few hours

Hopefully you can make the online wallet more attractive then Ripple, i think that will puch Radix to be successful.

Definitely interested, and best of luck

interesting!

how will the distribution be set up?

radixprotocol.com
facebook.com/radix
twitter.com/radix
forum.radixprotocol.com
wiki.radixprotocol.com
blog.radixprotocol.com

Radix
Radiox is a peer-to-peer payment system based on Ripple created by The Radix Foundation. Radix lets you easily, cheaply, and safely send money over the Internet to anyone, anywhere in the world. Anyone can create an account. Because Ripple is P2P software, no individual, corporation, or government controls it. The network operates via the combined effort of the Radix software running all over the world.

Differences between Ripple and Radix

Currency Distribution
Radix: 100%
Ripple: 65%

Dev Team
Radix: Nonprofit independent group of software engineers (The Radix Foundation).
Ripple: Forprofit company

Currency - Total Coins
Radix: 100 Million
Ripple: 100 Billion
-
-No 51% attack vulnerability.
-No six confirmation delay.
-Solves the double spending problem with consensus instead of proof-of-work

How it works?

The Radix network, at its core, is a shared, public database. Within the database is a ledger that accounts and balances. At any time, anyone can view the ledger and see of all activity on the Radix network.
Computers on the network mutually agree on changes to the ledger through a process called consensus. The network reaches consensus globally within seconds. This consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized settlement on the Radix network.
Distributed networks offer many efficiencies over centralized networks. Because the network is "self clearing," it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are reliable. And because they are open source, they tend to be more secure.

More info coming...

Distribution
http://radixprotocol.com/index.php/distribution
Unlike Ripple that will only distribute 65% of its coins publicly, Radix will distribute 100% of them on the IPO among investors.

There will be 3 stages:

Stage 1:
40% of the total RDX - 40 Million.
From 03/04/14 to 03/11/2014

Stage 2:
35% of the total RDX - 35 Million.
From 03/11/2014 to 03/18/2014

Stage 3:
25% of the total RDX - 25 Million.
From 03/18/2014 to 03/22/2014

http://i.imgur.com/aPs1jKi.png

Formula:
Personal Investment * Total Stage Coins / Collective Investment

-There's not a minimum investment amount.
-When every stage ends the results will be published here.
-Bitcoin Deposit address:
1LNftuZcoTQ8jYbwaYgDScHfDQAnec9KWB
https://blockchain.info/address/1LNftuZcoTQ8jYbwaYgDScHfDQAnec9KWB
-After making any deposit please contact us:
[email protected]
-You will be replied with a voucher containing your data which you'll need to claim your RDX on March 22nd when Radix client is launched.

-
FAQ
Read


CLIENT LAUNCH DATE:
03/22/2014