[PRE-ANN][IPO][RADIX][based on Ripple]First stage 40% of coins to be distributed

[The Radix Protocol]

https://i.imgur.com/wWIF3S5l.jpg

THE RADIX PROTOCOL

CURRENT IPO STATUS
Raised: 0.0899 BTC
40 MILLION RDX to be distributed among: 1 investor(s)

radixprotocol.com
facebook.com/radix
twitter.com/radix
forum.radixprotocol.com
wiki.radixprotocol.com
blog.radixprotocol.com

Radix
Radiox is a peer-to-peer payment system based on Ripple created by The Radix Foundation. Radix lets you easily, cheaply, and safely send money over the Internet to anyone, anywhere in the world. Anyone can create an account. Because Ripple is P2P software, no individual, corporation, or government controls it. The network operates via the combined effort of the Radix software running all over the world.

Differences between Ripple and Radix

Currency Distribution
Radix: 100%
Ripple: 65%

Dev Team
Radix: Nonprofit independent group of software engineers (The Radix Foundation).
Ripple: Forprofit company

Currency - Total Coins
Radix: 100 Million
Ripple: 100 Billion
-
-No 51% attack vulnerability.
-No six confirmation delay.
-Solves the double spending problem with consensus instead of proof-of-work

How it works?

The Radix network, at its core, is a shared, public database. Within the database is a ledger that accounts and balances. At any time, anyone can view the ledger and see of all activity on the Radix network.
Computers on the network mutually agree on changes to the ledger through a process called consensus. The network reaches consensus globally within seconds. This consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized settlement on the Radix network.
Distributed networks offer many efficiencies over centralized networks. Because the network is "self clearing," it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are reliable. And because they are open source, they tend to be more secure.

More info coming...

Distribution
http://radixprotocol.com/index.php/distribution
Unlike Ripple that will only distribute 65% of its coins publicly, Radix will distribute 100% of them on the IPO among investors.

There will be 3 stages:

Stage 1:
40% of the total RDX - 40 Million.
From 03/04/14 to 03/11/2014

Stage 2:
35% of the total RDX - 35 Million.
From 03/11/2014 to 03/18/2014

Stage 3:
25% of the total RDX - 25 Million.
From 03/18/2014 to 03/22/2014

https://i.imgur.com/aPs1jKi.png

Formula:
Personal Investment * Total Stage Coins / Collective Investment

-There's not a minimum investment amount.
-When every stage ends the results will be published here.
-Bitcoin Deposit address:
1LNftuZcoTQ8jYbwaYgDScHfDQAnec9KWB
https://blockchain.info/address/1LNftuZcoTQ8jYbwaYgDScHfDQAnec9KWB
-After making any deposit please contact us:
-contact@radixprotocol.com
-You will be replied with a voucher containing your data which you'll need to claim your RDX on March 22nd when Radix client is launched.

-
FAQ
Read


CLIENT LAUNCH DATE:
03/22/2014

[1715000947]

1715000947

[1715000947]

1715000947

[thejepper]

interesting!

how will the distribution be set up?

[tk808]

Hopefully you can make the online wallet more attractive then Ripple, i think that will puch Radix to be successful.

Definitely interested, and best of luck

[moko666]

Looks interesting. I will invest in a few hours

[myhoho]

 Nice web-site, but when you expect show us any proofs of the actual code?

[ap3311]

Another IPO?

[SkillRoad]

 I will invest




_______________________________________________________________________________ _________________________________
Next Coin Lite - Fair Distribution

[moko666]

I've sent you 0.899 BTC

https://blockchain.info/es/tx/66d0de9d33510b5b34ddfa2dcf732a5006df2e8843ddf2b4004e1c3165cc507c

[Skerberus]

So will there be any escrow? Are there any Wallet-Pictures? Own Source?

[The Radix Protocol]

I've sent you 0.899 BTC

https://blockchain.info/es/tx/66d0de9d33510b5b34ddfa2dcf732a5006df2e8843ddf2b4004e1c3165cc507c

Great, please check your inbox.

[JakeThePanda]

You may distribute 100% but I doubt it's going to be a wide distribution.  You should make some of the initial offering a giveaway.

[Michael Becker]

So will there be any escrow? Are there any Wallet-Pictures? Own Source?

Wallet pictures?

What about a working wallet on a testnet.

That, AND a trusted escrow that will guarantee the invested btc are destroyed (sent to a dead address) instead of sent back to the dev team.



Nobody send these guys money until you have proof that this is not bullshit.

Stop sending your money for free to everyone.

99% chance that this is a scam.

[Revelations86]

I would not invest unless an escrow is involved.  99% of the  IPOs on here so far have been nothing but SCAMS and people have lost BTC including myself.

[Revelations86]

"The Radix network, at its core, is a shared, public database. Within the database is a ledger that accounts and balances. At any time, anyone can view the ledger and see of all activity on the Radix network.
Computers on the network mutually agree on changes to the ledger through a process called consensus. The network reaches consensus globally within seconds. This consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized settlement on the Radix network.
Distributed networks offer many efficiencies over centralized networks. Because the network is "self clearing," it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are reliable. And because they are open source, they tend to be more secure."

Sounds like a newb way to describe what Bitcoin is.   Ripple also had millions of dollars in venture capital backing it up.  I would highly encourage people to proceed with caution as this is more tilting towards SCAM.

[The Radix Protocol]

"The Radix network, at its core, is a shared, public database. Within the database is a ledger that accounts and balances. At any time, anyone can view the ledger and see of all activity on the Radix network.
Computers on the network mutually agree on changes to the ledger through a process called consensus. The network reaches consensus globally within seconds. This consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized settlement on the Radix network.
Distributed networks offer many efficiencies over centralized networks. Because the network is "self clearing," it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are reliable. And because they are open source, they tend to be more secure."

Sounds like a newb way to describe what Bitcoin is.   Ripple also had millions of dollars in venture capital backing it up.  I would highly encourage people to proceed with caution as this is more tilting towards SCAM.

Actually, we took that from Ripple's website.  
When we finish with the development then we will care making our own descriptions.

Noone is forcing you to invest, but please don't call us scam.

We'll return the money to anyone who wants it back.

[myhoho]

 do you mind about any escrow service ?

[The Radix Protocol]

So will there be any escrow? Are there any Wallet-Pictures? Own Source?

Wallet pictures?

What about a working wallet on a testnet.

That, AND a trusted escrow that will guarantee the invested btc are destroyed (sent to a dead address) instead of sent back to the dev team.



Nobody send these guys money until you have proof that this is not bullshit.

Stop sending your money for free to everyone.

99% chance that this is a scam.

As I mention the client is still in development process...
The current gui wallet is a simple website. It doesn't even has CSS, so I don't know if that would help.

If you don't have proofs please don't make false scam acusations... omg

[akann46]

Innovative guy. He is doing something new. A scam based on Ripple instead of ususal BTC/NXT. Give that man a medal

[moko666]

We'll return the money to anyone who wants it back.

Can I have my money back? D:

[Revelations86]

"The Radix network, at its core, is a shared, public database. Within the database is a ledger that accounts and balances. At any time, anyone can view the ledger and see of all activity on the Radix network.
Computers on the network mutually agree on changes to the ledger through a process called consensus. The network reaches consensus globally within seconds. This consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized settlement on the Radix network.
Distributed networks offer many efficiencies over centralized networks. Because the network is "self clearing," it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are reliable. And because they are open source, they tend to be more secure."

Sounds like a newb way to describe what Bitcoin is.   Ripple also had millions of dollars in venture capital backing it up.  I would highly encourage people to proceed with caution as this is more tilting towards SCAM.

Actually, we took that from Ripple's website.  
When we finish with the development then we will care making our own descriptions.

Noone is forcing you to invest, but please don't call us scam.

We'll return the money to anyone who wants it back.

Sure. Like all the other IPO scams returned the money.  Use an Escrow then if you are legit.   Claiming that you copied the description of your coin from another coin is already a HUGE red flag in my book.  You put all the time in to design the site, the social media, but yet can't even describe what your product is about in your own words and just copy it from another site?  Sure, sounds pretty legit to me.