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Radworks

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Discover Radworks's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Radworks?

Radworks (RAD) is a peer-to-peer digital currency powered by blockchain technology. It is the native token of the Radworks Network, used for governance, treasury management, and incentivizing infrastructure providers. The token is traded on multiple exchanges and is categorized as a nano-cap cryptocurrency with a market capitalization of around $1 million. Radworks aims to build a sovereign developer stack for secure code collaboration and open-source projects, focusing on individual sovereignty and decentralized data ownership.

How is Radworks used?

Radworks (RAD) is the native token of the Radworks Network, which is used as the primary means to coordinate all actors, govern the treasury, and reward infrastructure providers on top of the Radicle network. This network is focused on building a sovereign developer stack that enables developers to securely host, collaborate, and reward open-source code. The token is used to facilitate these activities within the network, ensuring the smooth operation and incentivization of its various components.

How do I store Radworks?

To store Radworks (RAD) tokens safely, it is advisable to use a reliable cold storage option like a hardware wallet. This type of wallet ensures that your tokens are disconnected from the internet, reducing the risk of unauthorized access. For added security, consider storing the hardware wallet in a safe.

How to buy Radworks?

To buy Radworks (RAD) tokens, follow these steps:

  1. Create an Account:

    • Sign up for a cryptocurrency exchange that supports Radworks, such as Coinbase, Binance, Kraken, gate.io, or CoinEx.
  2. Verify Your Identity:

    • Complete the verification process by providing a valid ID and proof of address, which may take some time depending on your location.
  3. Add a Payment Method:

  • Connect a payment method such as a bank account, debit card, or initiate a wire transfer to fund your account.
  1. Search and Select Radworks:

    • On the exchange's website or mobile app, search for Radworks and select it from the list of available assets.
  2. Enter the Amount:

    • Input the amount you want to spend in your local currency, and the exchange will automatically convert it to the equivalent amount of Radworks.
  3. Finalize the Purchase:

  • Review the details of your purchase and confirm it to complete the transaction.
  1. Store Your Radworks:
    • Once the purchase is complete, your Radworks tokens will be added to your exchange wallet. You can then transfer them to a personal wallet for secure storage.

By following these steps, you can easily buy Radworks tokens on various cryptocurrency exchanges.

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History of Radworks

Radworks (RAD) is a cryptocurrency that has been in existence for several years. The project was founded by Eleftherios Diakomichalis, a Greek-born technologist with a background in mathematics and network science, and Alexis Sellier, a strong believer in individual sovereignty who has published various free and open-source software projects. Radworks aims to create a sovereign developer stack that enables developers to securely host, collaborate, and reward open-source code, focusing on sovereign data ownership and transforming the way developers publish and collaborate on open-source code, AI models, and research.

Historically, Radworks has experienced significant price fluctuations. Its all-time high was recorded on April 15, 2021, at $27.35, and its all-time low was on August 17, 2023, at $1.21. As of recent data, the price of Radworks is around $1.43, with a market capitalization of approximately $76 million.

Radworks has a circulating supply of around 51.82 million RAD and a total supply of 99.99 million RAD. The project has a relatively low trading volume compared to other cryptocurrencies, which can contribute to its volatility.

Despite its price fluctuations, Radworks continues to operate and has a dedicated community. The project's unique approach to code collaboration and data ownership has garnered attention in the cryptocurrency space, and it remains a notable project in the industry.

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How Radworks works

Radworks (RAD) is a peer-to-peer digital currency powered by blockchain technology. It is a digital token that allows for secure payments and is represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger.

Radworks is designed to facilitate secure and decentralized transactions. It operates on a network that enables communal ownership, collective governance, and long-term sustainability. The RAD token can reduce or eliminate fees when interacting with Radicle smart contracts and allows for governance through voting and proposals.

In terms of its functionality, Radworks is an open-source, community-led, and self-sustaining network for software collaboration. It aims to transform the way developers publish and collaborate on open-source code, AI models, and research. The platform enables sovereign data ownership and secure hosting, collaboration, and rewarding of open-source code.

Overall, Radworks is a digital asset that leverages blockchain technology to provide a secure, decentralized, and community-driven platform for software collaboration and governance.

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Radworks's strengths

The token Radworks (RAD) has several strengths that make it an attractive investment opportunity:

  1. Security and Speed: Radworks operates on the Ethereum platform, ensuring secure and fast transactional processes. This allows users to make payments, transfers, and other transactions quickly and securely.

  2. Governance and Community: Radworks is community-run, with RAD holders having the power to vote on governance proposals to manage the network and distribute funds from the treasury. This decentralized governance model ensures that the community has a significant say in the project's direction.

  3. Incentivization and Rewards: The RAD token is used to reward seed nodes that provide storage and retrieval services for the Radicle network. This incentivizes participation and helps maintain the network's infrastructure.

  1. Utility and Adoption: Radworks is designed to facilitate transactional processes, making it a practical and useful token for users. As more users adopt cryptocurrencies, the utility of RAD is expected to increase, potentially driving up its price.

  2. Blockchain Technology: Radworks leverages blockchain technology, which provides a secure and transparent ledger system. This technology is praised for its portability, inflation resistance, and transparency, making it an attractive feature for investors.

  3. Diversification: Radworks is traded on multiple exchanges, offering investors a range of platforms to buy and sell the token. This diversification can help manage risk and increase liquidity.

These strengths contribute to Radworks' potential for growth and adoption in the cryptocurrency market.

Radworks's risks

Radworks (RAD) is a cryptocurrency that carries several financial risks. These risks can be broadly categorized into two types: systematic and unsystematic risks.

Systematic Risks

Systematic risks are related to the overall cryptocurrency market and cannot be diversified away. These risks include market movements and trends that affect the entire market. For instance, a general downturn in the cryptocurrency market can negatively impact Radworks' price, regardless of its individual performance. This type of risk is inherent to the market and cannot be eliminated by diversifying a portfolio.

Unsystematic Risks

Unsystematic risks, on the other hand, are specific to Radworks and can be diversified away by holding a portfolio of different digital assets. These risks include project-specific events, such as changes in the project's management, technical issues, or regulatory challenges. For example, if Radworks experiences a security breach or faces legal issues, its price may be negatively impacted. These risks can be mitigated by diversifying a portfolio to include other cryptocurrencies with low correlation to Radworks.

Volatility and Market Sentiment

Radworks exhibits low volatility, with a skewness of 0.97 and kurtosis of 3.41. However, this does not guarantee that the cryptocurrency is immune to significant price fluctuations. Market sentiment and trends can also impact Radworks' price. For instance, if the overall market sentiment turns bearish, Radworks' price may decline, even if its underlying fundamentals remain strong.

Performance and Risk Profiles

Radworks has generated negative returns for investors over the last 90 days, indicating a high risk of devaluation. Its market risk premium is the additional return an investor will receive from holding Radworks in a well-diversified portfolio. This premium is part of the Capital Asset Pricing Model (CAPM), which helps calculate the acceptable rate of return on investment in Radworks. The standard measures of volatility, such as mean deviation, standard deviation, and variance, are also important indicators of Radworks' risk profile.

Technical Analysis

Technical analysis is another tool used to predict Radworks' future price movements. This involves analyzing trading volumes and previous prices to identify trends and patterns. Key indicators such as trend lines, relative strength index (RSI), and moving averages are used to understand market sentiment and potential price movements based on historic data.

Investment Risks

Investing in Radworks carries substantial financial hazards, particularly when engaging in high-leverage trading. This type of trading magnifies both potential gains and losses, making it crucial to understand the risks involved before investing in Radworks.

In summary, Radworks (RAD) carries both systematic and unsystematic risks, including market volatility, project-specific risks, and high leverage trading risks. It is essential for investors to thoroughly understand these risks and conduct comprehensive market analysis before making investment decisions.

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Did Radworks raise funds?

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Radworks's ecosystem

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Radworks’s team

  • Joey Belyk: Joey Belyk is the founder of Radworks. He is an experienced software developer with a background in blockchain.
  • Alanna Roazzi: Alanna Roazzi is the co-founder of Radworks. She is an entrepreneur with experience in technology and finance.
  • Juan Benet: Juan Benet, the founder of Protocol Labs, is part of the Radworks core team.
  • Radicle Team: The Radicle team consists of around 12 people working across various areas such as protocol, CLI, TUI, web, operations, and content.

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