Radix Blog

Founder Retention Notice from RDX Works Limited

January 16, 2022

Radix Tokens (Jersey) has been provided with the following notice from RDX Works Ltd, a core development organisation for the open source Radix Ledger:

Distribution of Founder Reserve by RDX Works Limited
RDX Works Limited holds the Founders Retention (2.4Bn Radix Tokens) which was designated prior to instantiation of the Radix Ledger in recognition of the work undertaken since 2013 by the Founder (Dan Hughes) and the team.
To increase decentralization of RADIX token ownership and to reward the Founder, RDX Works propose to progressively release up to 75m RADIX tokens per quarter from the “Founder Reserve” to its shareholder and option holders over the next 4 years, (roughly quarterly).
These distributions by RDX Works of the tokens it holds will not alter the overall supply of RADIX (XRD) Tokens (9.6Bn) and each represent approximately 0.7% of total supply of tokens. Diffusion of ownership will promote decentralization of token holdings and node runner infrastructure and enhance the security of the Radix public ledger. 
The token distribution also encourages and enables the RDX Works team members and shareholders to participate deeply in securing the network and engaging positively in the growing Radix ecosystem.
12 JAN 2021 

More articles

Stay updated on the latest Radix news

By clicking “Submit”, you agree to our Privacy policy. We’ll occasionally send you emails about Radix.