The RADIX PROTOCOL (hereafter referred to as "the Protocol") is public and open-source, allowing any individual or company to download and run it without requiring any form of permission. When configured correctly, the Protocol autonomously connects with other computers running the same protocol, creating a shared public ledger.
A version of this shared public ledger will be released and recognized as the RADIX LEDGER/NETWORK.
Prior to the release of the first RADIX LEDGER, an ERC20 token named E-RADIX will be generated, which can be exchanged for RADIX TOKENS when the RADIX LEDGER (mainnet) is instantiated.
Additionally, since ERC20 tokens are among the most commonly issued types of tokens, generating an ERC RADIX token will facilitate quicker integration into existing DeFi ecosystems on Ethereum, as well as infrastructure like exchanges and user services such as wallets, further assisting in the construction of distributed equity. At the instantiation of the RADIX LEDGER, E-RADIX tokens will be redeemable at a 1:1 ratio for RADIX TOKENS. As the market price of E-RADIX tokens rises, these tokens will become unlocked.