Radix Community Survey
Radix will be conducting a single-question survey of community sentiment about the unlocking mechanism currently used to release XRD tokens into circulation.
The topic is if the current mechanism should be changed so that all tokens are unlocked immediately. This community sentiment survey will start on Monday, August 23rd and will require participants to have a verified Instapass account.
Over a number of years prior to the launch of the eXRD token, a significant number of tokens were sold to early supporters of Radix. These tokens were provided under the condition that they be locked and only released as the price of (e)XRD meets certain price thresholds (as detailed in Economics paper). The purpose of this mechanism was to provide a controlled release of (e)XRD tokens – changeable for XRD tokens on mainnet – into the ecosystem as interest and adoption of the Radix network increased.
Recently, some members of the Radix community have expressed their preference for a change to this unlock system. They have argued that they would prefer to fully release these locked tokens held by early backers, as well as Radix itself, right away, arguing that Radix’s goals of wide distribution can be met more quickly by doing this.
With the successful launch of the Radix Olympia mainnet, we have been thrilled to see our existing community coming together to stake over 750m XRD – 40% of all circulating supply worth approximately $100m that is now backing the security of the Radix network. The fact they have achieved this positive level of distribution and staking means that unlocking tokens more aggressively may now be an opportunity to further increase the decentralization and security of the network ahead of Babylon release, if the community believes it will be beneficial.
To get a more clear and complete view of sentiment on this issue, they will facilitate a debate and then conduct a survey of the Radix community.
About Radix
Radix is the first layer-one protocol specifically built to serve DeFi. This protocol is the basis of the Radix public network – a fully decentralized platform for DeFi applications and users. Decentralized finance applications are currently built on protocols that are not fit for this purpose, leading to congestion, hacks and developer frustration. Radix changes this by introducing a scalable, secure-by-design, composable platform with a DeFi centric development environment to make it easy to build and launch scalable DeFi products.
📰 INFO
https://www.radixdlt.com/post/community-survey-radix-token-unlock
