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Internet City, Dubai – (Newsfile Corp. – September 15, 2022) – LBank Exchange, a global digital asset trading platform, listed Radix (XRD) on September 14, 2022. For all LBank exchange users, the XRD/USDT trading pair is now officially available for trading.
XRD listing banner
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Offering a radically different DeFi, Radix (XRD) is the only decentralized network that lets users build fast, rewards everyone who does better, and scales smoothly. Its native token XRD was listed on the LBank Exchange on September 14, 2022 at 17:00 (UTC+8) to further expand its global reach and help it realize its vision.
Radix is the only decentralized network where developers can build fast without the constant threat of exploits and hacks, where every improvement is rewarded, and where scalability will never be a bottleneck.
To remove the technological barriers that limit DeFi expansion, Radix is building a Layer 1 protocol that can directly meet the needs of DeFi on a global scale for the next 100 years. This requires a full-stack approach, re-engineering consensus, distributed virtual machines, executable network code, DeFi application creation, and developer incentives.
Moving beyond the Ethereum conception of smart contract development and giving developers a new paradigm of asset-oriented smart contracts for DeFi, Radix Engine’s smart contract environment together with the Scrypto programming language is finally making DeFi dApp development in Production quality made easy and safe – without limiting what the developer can build. With these tools, more complex dApps come in handy, the pool of available dApp developers can grow rapidly, and developers finally have a chance to avoid hacks and exploits.
Additionally, it makes code modularity, reuse, and standardization not just a matter of copy and paste, but a best-in-class networking feature. An on-network blueprint catalog enables developers to contribute to and access functionality that can be reused, configured, combined, and extended right on the network—and actually operational and proven in daily use. The network becomes a true shared computing environment, bringing open-source development into the decentralized age.
Additionally, with flexible developer fees, Radix’s on-network system allows Scrypto developers to be rewarded for code that is truly valuable to users and other developers – on every transaction. And its unique Cerberus consensus protocol, co-developed with Radix Engine, enables massive parallelization of both simple transactions and complex dApps through a special form of sharding and a breakthrough “braided” multi-shard consensus mechanism that allows all Assets and smart contracts are free and atomically composed on a transaction basis.
Radix’s comprehensive, integrated, bottom-to-top technology approach will make the Radix Public Network the only place where a world of DeFi developers has everything they need to reshape global finance.
About XRD tokens
The Radix (XRD) token is the native token of the Radix Public Network. It is a fundamental part of Radix’s Delegated Proof of Stake (DPoS) system, which uses XRD to protect the Radix Public Network from a type of attack known as the Sybil attack. XRD is also used to pay transaction fees on the Radix Public Network, which are primarily intended to prevent spam transactions across the network. 100% of all transaction fees are burned, meaning the tokens used to pay the fee are destroyed by the Radix protocol.
In addition to the main uses, XRD as the base currency of the Radix Public Network could also be used by any dApp within the Radix DeFi ecosystem. For example, as collateral in a lending protocol or as an intermediary facilitating exchanges between other tokens.
XRD has a maximum supply of 24 billion (i.e. 24,000,000,000) tokens, of which 50% were allocated at the birth of the Radix Public Network, the remaining 50% will be minted by the Radix Protocol as a network issuance over a period of approximately 40 years (300M XRD per year) to incentivize stakers and validators to secure the network.
The XRD token was listed on the LBank Exchange on September 14, 2022 at 17:00 (UTC+8). For those interested in getting XRD, you can now easily buy and sell it on the LBank Exchange. The listing of the XRD token on the LBank Exchange will undoubtedly facilitate further access to the Radix Public Network.
Learn more about XRD tokens:
Official Website: https://www.radixdlt.com
About LBank Exchange
Founded in 2015, the LBank Exchange is an innovative global trading platform for various crypto assets. The LBank Exchange offers its users secure crypto trading, specialized financial derivatives and professional wealth management services. It has grown into one of the most popular and trusted crypto trading platforms with over 7 million users from now more than 210 regions around the world.
Start trading now: lbank.info
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LBK Blockchain Co. Limited
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137131