The Radix Network has to face an uncertain future after the team confirmed the Dan Hughes passer.
Summary
- Radix founder Dan Hughes passed away
- The network is at a significant turn
- Tokenomics continue to press on redix
Radics (XRD) network killed its community after the tragedy. On Tuesday, July 29, the Radix team confirmed the passage of the network, the founder of the network, Dan Hughes. Shortly after the announcement, the price of tokens declined by 40%to $ 0.004777 from a high level of $ 0.007228.
Hughes played a central role in the network as both architects and a visionary behind the project. He played an important role in the innovations of the network, such as Cerberus Consciousness, Radix Engine and its prediction programming language, scripto.
His death also came at a significant time, such as the network was preparing to launch its Hypersscale Mennet and Hyperlen Multi-Chain Bridge. Hypersscale, the east, was set out to the late 2025 with the next step, leaving out the Casendra Research Network, slowly exiting.
Radix continues to move with issues of supply
The network is also preparing for the launch of a major award program proposed in April. Originally set to 2025, the program will transfer 1 billion XRD from Treasury to the community in two years. Its goal was to promote community engagement and activity on the network.
Nevertheless, the innovative program also carries the potential risk of increasing the circulating support of tokens, which leads to the couple selection. In fact, issues more than token disability have plagued the redix since its launch.
In particular, large allocation for the team and the initial contributors has led the consignment of selling pressrs. So far, the token is more than 99% of its all -time high from the most high of its launch in November 2021.
