file icon

What was Radix's price-based unlock mechanism?

Prior to September 15 2021, Radix had a price-based unlock mechanism. This meant that all eXRD and XRD tokens held by the Radix Community, RDX Works Ltd, and the Radix Foundation (with the exception of the stable coin reserve), followed a price-unlock mechanism where for every $0.02 that the eXRD / XRD price rose by, a further 5% of tokens would be unlocked, up to a price of $0.43 at which point 100% of those tokens would have been unlocked.

On September 15 2021, following a community survey that was overwhelmingly in favor of unlocking all tokens, all tokens (with the exception of the stable coin reserve), were fully unlocked.

Further reading: