Radicle

RAD is the native token of the Radix DLT (distributed ledger technology) platform, which aims to provide a scalable and efficient infrastructure for decentralized finance (DeFi) applications. The Radix platform utilizes a unique consensus mechanism called Cerberus to ensure secure and efficient transaction processing on the blockchain. RAD tokens serve as a utility token on the Radix platform, enabling seamless value transfer and incentivizing network participation. RAD holders can participate in network governance by proposing and voting on changes to the platform's protocols. Additionally, staking RAD tokens allows users to earn staking rewards while providing liquidity to the Radix network. Furthermore, RAD tokens are used to pay for transaction fees and access various services and features within the Radix ecosystem. This token economy creates a self-sustaining DeFi ecosystem that supports efficient, secure, and scalable transactions. In summary, RAD tokens enable the efficient and secure DeFi transactions on the Radix platform, incentivizing network participation and enabling network governance."