How was the XRD token allocated? | The Radix Knowledge Base

This article describes the allocation of the Radix (XRD) token at genesis of the Radix Network in July 2021. Radix Tokens (Jersey) Limited provided an update in a blog on their token holdings as at March 5th 2024, please see the following article: RTJL Token Holdings Update.

The RADIX token, XRD, is the native token of the Radix Public Network. It is used for staking as part of Radix’s Delegated Proof of Stake system, and it is also used to pay transaction fees, which are burnt.

XRD has a maximum supply of 24Bn. Of these 24Bn:

Issued at genesis of the Radix Ledger

12Bn XRD tokens (50%) were issued at the genesis of the Radix Public Network in July 2021. At genesis these were allocated as follows:

Allocation	Amount	Status	Purpose
October 2020 Token Sale	642m XRD (2.7%)	Fully Unlocked	Allocated to members of the Radix Community who purchased XRD tokens at a price of $0.039 in the October 2020 Token Sale.
Radix Community	3,000m XRD (12.5%)	Fully Unlocked	Allocated to early Radix Community members who contributed approximately 3,000 BTC between 2013-2017 to Dan Hughes who initiated the theoretical development of the Radix project.
Liquidity Incentives	200m XRD (0.8%)	Fully Unlocked	Allocated to participants of the Liquidity Mining Program that took place between November 2020 to May 2021.
Founder Retention	2,400m XRD (10.0%)	Fully Unlocked	Allocated to RDX Works Ltd which has funded and developed Radix technology since 2017 until the present day. RDX Works Ltd holds the tokens it retains from the instantiation of the Radix Ledger as a treasury asset of the company.
Radix Tokens (Jersey) Limited	2,158m XRD (9.0%)	Fully Unlocked	Allocated to Radix Tokens (Jersey) Limited, which is a wholly-owned subsidiary of the Radix Foundation. The objectives of the Foundation are to promote the use and development of the Radix Ledger, as well as provide education and support for the Radix community and ecosystem, and operate incentive programs, events, and more.
Developer Incentives	600m XRD (2.5%)	Fully Unlocked	Allocated to Radix Tokens (Jersey) Limited to fund grants to bootstrap the development of dApps and more on Radix.
Network Subsidy	600m XRD (2.5%)	Fully Unlocked	Allocated to Radix Tokens (Jersey) Limited to fund grants to subsidize the Radix Public Network, such as grants provided to validator node-runners.
Stable Coin Reserve	2,400m XRD (10%)	Locked	Allocated to Radix Tokens (Jersey) Limited to potentially bootstrap native stable coins in the Radix Ecosystem. These tokens are locked and removed from circulating supply. The Radix Foundation has a 10-year period in which to review and disburse this reserve to support a systemic stabilization protocol, which may or may not require use of the Stable Coin Reserve. Should the Stable Coin Reserve not be needed, it will remain locked and be destroyed after the 10-year period. You can read more here: What is the stable coin reserve?
TOTAL	12Bn (50%)	N/A

Issued over a 40 year period

Starting July 2021, 12Bn XRD tokens (50%) are being minted as new Network Emission at a rate of approximately 300m XRD per year over an approximate 40 year period:

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Allocation

Amount

Status

Purpose

Network Emission

12Bn (50%)

Minted gradually

Network Emission is the means through which the Radix Protocol incentivizes XRD token holders and validator node runners to secure the Radix Public Network through its Delegated Proof of Stake system.

You can read more on Staking & Validating here.

TOTAL

12Bn (50%)

N/A

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‍Further reading:

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