Radix Tokens Jersey Limited closed the sale for E-RADIX on October 22nd, just two weeks after opening. Despite this short time, over $12.7m of funds were sent into escrow pending completion of formalities from 652 participants from 67 countries. The support from the community during this sale has been fantastic, and everyone involved with the Radix project is extremely grateful and energised by the success of the token sale.
The funds raised by Radix Jersey from the token sale will help create a public network that will power the future of DeFi and the mass adoption of the technology to create a better financial system for everyone. The Radix® Public Network is designed to solve the key issues facing the DeFi industry today by enabling fast, low-cost, secure transactions; a development environment focused on enabling safe and flexible management of assets; and a smart contract marketplace designed to create a vibrant developer ecosystem.
For those of you who participated in the Radix® Token Sale, make sure you log back into the token sale platform to complete your purchase as soon as possible.
Over the coming weeks, additional details will be released about the token distribution event which Radix® Tokens Jersey will be starting on November 17th, 2020. When tokens are distributed, the Community Liquidity Incentives are planned to start with 200,000,000 eXRD available for those who add liquidity to the eXRD/USDC Uniswap pool and stake their LP tokens. Full details of this program can be found here.
There have been a lot of discussions on various social platforms about the ability to purchase E-RADIX (eXRD) tokens on secondary markets now that the token sale is complete. Please be aware that no eXRD are distributed before November 17th.
On behalf of everyone involved with the Radix project, the support and belief shown by the community has been greatly appreciated. As the launch of the Radix Public Network draws closer, this continued support will help ensure a bright future for not only Radix but the whole DeFi.
As well as new news and updates from the Radix Foundation Limited and Radix Tokens Jersey Limited, there is a vibrant community on both the Radix Telegram and Discord where people like you are discussing Radix, DeFi, and starting to coordinate and plan grassroots efforts to further the Radix Vision. If you have any questions or ideas, or just want to discuss Radix, make sure to join these channels!