Token FAQ

What are RDN tokens and what can I do with them?

The Project token (RDN) is a general purpose, decentralised cryptocurrency envisaged to be compatible with and used on the Raiden Network. Upon its generation, the Project Token can be used to create micropayment channels on µRaiden and perform payments over these channels. For more information on the RDN token, review the token contracts or see this blogpost.

What is the initial allocation of RDN tokens?

A total (fixed) supply of 100,000,000 tokens will be generated which will be allocated as follows:

  • 50% Public auction
  • 34% Retained by brainbot labs Establishment (Raiden project lead)
  • 16% External development fund

Learn more about the initial allocation of RDN tokens in this blogpost.

What is the format of this launch?

The launch will be facilitated via a same price Dutch auction and a fixed percentage of tokens are offered. Read this blogpost for more details.

Why was the Dutch auction format chosen?

A Dutch auction should allow everyone to participate without having to rush while offering certainty about the maximum total value of all tokens at the time of a bid. Everyone gets the same price at the end of the auction. Read this blogpost for more details.