A RADIX ERC20 token (E-RADIX) will be released prior to the commencement of the Radix ledger. As the Radix Protocol is secured via Proof of Stake, the sale of the E-RADIX tokens is intended to promote distribution of stake and achieve a high degree of decentralisation prior to the release of the Radix Ledger (Mainnet).Radix is the first layer-one protocol that was created exclusively for DeFi. Currently, decentralized banking systems are based on protocols that are unfit for purpose, resulting in congestion, hacks, and developer annoyance. Radix solves this by delivering a scalable, secure-by-design, composable platform with a DeFi-specific development environment, making it simple to create and deploy scaled DeFi.