e-Radix
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in e-Radix from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to e-Radix.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.