Radworks 

RAD Price

What is the Radworks (RAD) token?

Radworks is a community-governed organization that funds a sovereign developer stack built on Ethereum. Radworks' two core products are Radicle, a peer-to-peer, local-first code collaboration network designed to resist censorship, and Drips, a protocol for programmable, continuous open-source funding. RAD is the governance token of the system: holders vote Radworks Governance Proposals (RGPs) that direct how the Radworks Treasury is spent. The project launched as Radicle in 2021, and the organization and governance layer later rebranded to Radworks.

Is Radicle the same as Radworks?

No. Radicle is the product: a peer-to-peer code collaboration network with a command line interface and network seed nodes. Radworks is the organization and governance layer that funds Radicle and Drips and controls the treasury. The token launched under the Radicle name in 2021, and the governance layer later took the Radworks name. Per official docs, RAD is the primary means to coordinate all actors in the system.

What is the RAD crypto token used for?

RAD is a governance token. Holders vote Radworks Governance Proposals, which distribute treasury funds and set system parameters. Spending flows through autonomous Orgs: the Radicle Org, Drips Org, Radicle Foundation Org and Grants Org. Planned utility would extend to rewarding seed nodes that provide storage and retrieval for the Radicle Network under RGP-22. Governance is active: RGP-27, proposed in September 2025, upgraded Drips contracts across Ethereum, Optimism, Metis and Filecoin.

Which investors backed Radworks?

Per DropsTab fundraising data, Radworks raised $12M from Early Supporters on February 18, 2021 at $0.60 per RAD, with a 1-year lockup. Backers include Electric Capital (a Tier 1 crypto-native fund), Placeholder, Galaxy, NFX, ParaFi Capital, Inflection Capital and Caballeros Capital, plus angels Naval Ravikant and Meltem Demirors. Investor-side concentration is low: no single VC holds over 20% of supply, and the largest allocation belongs to the community treasury itself.

How did the RAD token sale work?

The public sale was a Balancer Liquidity Bootstrapping Pool that ran February 25-27, 2021. The LBP raised $24.68M for 4 million RAD, an average clearing price of $6.17 per token. Dutch-auction mechanics started pricing well above the clearing average, which implied a $617M fully-diluted valuation at launch. Combined with the $12M Early Supporters round, total documented fundraising stands at $36.68M across two rounds.

What is RAD's maximum supply and token allocation?

Per DropsTab data, RAD's maximum supply is capped at 99,999,620 tokens. The fixed-supply ERC-20 contract on Ethereum (verifiable on Etherscan) carries no ongoing inflationary emission beyond the original vesting schedule. Allocation: Community Treasury 50%, Early Supporters 20%, Team 19%, Foundation 5%, the 2021 LBP sale 4% and the Seeders Program 2%. The 50% treasury is the dominant structural feature, and its deployment pace is set by governance votes rather than a fixed schedule.

How does RAD's vesting schedule affect sell pressure?

Scheduled vesting is complete, so no future unlock-driven sell pressure exists. RAD generation took place on February 28, 2021. Per DropsTab vesting data, the Team allocation carried a 12-month cliff with monthly releases starting February 28, 2022, while Early Supporters, Foundation and Seeders Program tokens released on February 28, 2022. The final monthly tranches fell in early 2025. Residual overhang comes from treasury deployment: half of all RAD sits in a treasury that holders can direct into circulation through RGP votes.

Which exchanges can you trade RAD on?

Per DropsTab data, RAD trades on more than 20 spot venues, including Binance, Coinbase, Kraken, Upbit, Gate, HTX and Crypto.com Exchange, plus regional venues such as Bitvavo, Indodax and BtcTurk. Quote currencies span USDT, USD, EUR, TRY, BTC and IDR, with the Turkish lira pairs on Binance, BtcTurk and CoinTR reflecting strong RAD search interest in Turkey. The on-chain leg is a single Uniswap V2 pool on Ethereum, so on-chain-only liquidity is thin relative to centralized exchange venues. No derivatives markets are tracked.