RFP-14: Authorizing $RDNT Tokens for Prospective Investors
AI summary
This proposal asks the Radiant DAO to approve the issuance of up to 17.5% of the total RDNT token supply (175 million tokens) to future investors. The Radiant team has self-funded the project so far, spending over $3 million, and believes external funding is now necessary to accelerate growth, hire more staff, and expand the protocol to new blockchain networks. The team has received interest from venture capitalists (VCs) and wants to re-engage these conversations.
If passed, the Radiant DAO will be authorized to sell a significant portion of its native RDNT tokens to investors, potentially bringing in substantial capital to fund operations, hiring, and development. This could accelerate the protocol's roadmap and expansion, benefiting users through faster feature development and broader availability. However, existing token holders might see their ownership diluted due to the increased token supply.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Abstract
RFP-14 looks to authorize the Radiant DAO to issue RDNT tokens to future prospective investors.
Motivation
Since inception, Radiant Protocol has raised $0 of Venture Capital or outside funding, and the initial team bootstrapped the protocol development entirely with their own funds, spending over $3M USD to date, with $700,000 spent on audits and security alone. While this allowed the team to operate more quickly rather than spending time fundraising, it has also served as a limitation, given the growing needs for hiring and spending to achieve the full omni-chain vision of …