e-Radix

Purpose and Utility

e-Radix (EXRD) is the ERC-20 version of the Radix native token (XRD). Radix is a layer-1 blockchain platform specifically designed for DeFi applications, offering a unique asset-oriented smart contract programming language called Scrypto. The token serves multiple purposes: network security through staking, transaction fee payments, and governance participation.

Business Model and Technology

The platform's primary focus is providing a scalable, secure infrastructure for decentralized finance applications. The project emphasizes atomic composability and a developer-friendly environment. The token model includes both EXRD (ERC-20) and XRD (native), with a 1:1 bridge between them.

Real-World Adoption

Radix launched its Babylon mainnet in Q4 2023, marking a significant milestone. The ecosystem is still in early stages of adoption, with developers beginning to build DeFi applications on the platform. The current usage primarily revolves around staking and network participation.

Token Distribution

The token distribution includes allocations for the Radix Foundation, team members, and public sale participants. There are vesting schedules in place for team and foundation tokens, demonstrating commitment to long-term development.

Development Activity

The project maintains active development, with regular updates and improvements to the platform. The team consistently delivers on technical roadmap items, showing dedication to building the promised infrastructure.