The Raiden token launch starts on October 18th around 3pm UTC.

Get Whitelisted*

* Only participants who intend to bid more than 2.5 ETH in total, need to go through the KYC process to get whitelisted. See the KYC FAQ for details.

Read the token launch announcement and watch below video to learn about the same price dutch auction format.

Thanks for accepting the terms and conditions.

Participate in the auction by sending ETH to the below address:

Verify the above address on Etherscan.


Warning: Only send ETH from ERC-20 compliant wallets which allow you to control your private key. Make sure to backup your private key. Do NOT send from an exchange, your ETH will be lost.

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.

How to participate in the token launch?

If you don’t meet the KYC threshold, participating in the token launch works by simply sending ETH to the auction address. The address is shown after accepting the Terms and Conditions. Check out the token launch instructions for details.

Does one need to go through a KYC process?

Only participants who intend to bid more than 2.5 ETH in total, need to go through the KYC process to get whitelisted. See the KYC FAQ for details.

Which wallets are supported in the token launch?

Generally, ERC-20 compliant wallets, which let you keep control over your private key should work. We have tested and successfully participated with the following wallets on the mainnet: Mist, MetaMask, MyEtherWallet, and Parity WebUI as well as the Foundation and the Gnosis multisig-wallets. We cannot, however, guarantee a similar successful result.

When will I be able to access my tokens?

You will be able to access your acquired tokens 7-10 days after the token launch has ended. RDN tokens will be credited at the address from which ETH was sent.

How do I get the RDN Tokens 7-10 days after the end of the auction?

The RDN Tokens will be distributed to the ETH address you bid with 7-10 days after the end of the auction.

Can I bid multiple times from the same ETH address?

Yes. You can bid multiple times from the same ETH address. If the sum of the bids exceeds 2.5 ETH, you will have to complete the KYC check.