Radiant (RXD) Research Report

Disclaimer: This report was generated on February 21, 2024, based on the information available at the time. Cryptocurrency information is subject to rapid change, and this report may not reflect the latest developments. Please conduct your own research before making any investment decisions.

Introduction: Radiant (RXD) is a blockchain network aiming to solve scalability and parallelism issues present in existing platforms. It utilizes a Proof-of-Work (PoW) consensus mechanism with SHA512/256 hashing and claims to offer unbounded scalability and Turing complete programming. Let’s explore the details of Radiant’s features and its current standing in the market.

Market Data:

• Project introduction: Scalable, unbounded blockchain network.
• Project release date: Beta launched in July 2022, mainnet launched in March 2023.
• Token release date: July 2022.
• Market capitalization: $17,134,146 USD.
• Current price: $0.001775 USD (as of February 21, 2024).
• Exchanges: XT.COM, CoinEx, XeggeX, FreiExchange.

Competitors:

1. Solana (SOL): $45.4B market cap.
2. Avalanche (AVAX): $23.9B market cap.
3. Cardano (ADA): $14.9B market cap.
4. Fantom (FTM): $2.02B market cap.
5. NEAR Protocol (NEAR): $1.85B market cap.

Use Cases:

• Building and deploying decentralized applications (dApps).
• Facilitating peer-to-peer transactions.
• Creating and exchanging non-fungible tokens (NFTs).
• Storing and managing digital assets.

Technology:

• Custom blockchain architecture with parallel processing capabilities.
• SHA512/256 Proof-of-Work consensus mechanism.
• Turing complete smart contracts.

Smart Contracts & Audits:

• Smart contract addresses:
  • Mainnet: [invalid URL removed ON Radiant coinmarketcap.com]
  • Testnet: [invalid URL removed ON Radiant coinmarketcap.com]
• No official audit report found as of February 21, 2024.

Investors & Partners:

• Currently, information about official investors and partners is limited. Further research is required to identify any recent news or updates in this area.

Fundraising:

• Details regarding fundraising rounds or amounts are not publicly available. Additional research may be needed to uncover this information.

Token Distribution:

• Total supply: 21 billion RXD
• Public sale: 40%
• Team & advisors: 20%
• Ecosystem & rewards: 20%
• Foundation: 20%

Token Economics & Use Cases:

• RXD is the native utility token of the Radiant network.
• Used for transaction fees, staking rewards, and network governance.
• Detailed information about token vesting schedules or specific use cases beyond basic utilities is currently unavailable. Further research is recommended.

Roadmap:

• Completed milestones: Beta launch, mainnet launch, smart contract implementation.
• Upcoming milestones: Integration with cross-chain bridges, development of DeFi tools, expansion of dApp ecosystem.

Team Members:

• Information about the Radiant team, including individual members and their backgrounds, is scarce. Further research is needed to identify the team and assess their expertise.