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Overview

DELAY (ledger name “DELAY - THE token”) is a satirical community meme coin on Radix, its name a wink at the community’s long wait for the network to ship its scalability roadmap — a companion in spirit to DELIVER. Its on-ledger description reads: “$DELAY: Community-owned, highly burnable, and free from third-party payouts — no unnecessary sell pressure here. Selling usually comes from members chasing profits… only to wish they’d DELAYed that decision a bit longer.” On-chain, minting is permanently disabled while burning is open to anyone, so the DELAY token’s total supply — around 661 million — declines over time rather than growing.

Ecosystem Asset Fund holding

DELAY is most widely known as a holding of the Radix Foundation’s Ecosystem Asset Fund, a $25,000-per-month treasury program that bought and held the highest-market-cap ecosystem tokens. Because the fund allocated by market capitalisation, its purchases swept in speculative meme coins: between December 2024 and May 2025 it repeatedly bought DELAY, accumulating roughly 12.5 million tokens for about 143,000 XRD. Those tokens remain in the fund’s public wallet, unsold.

Abandonment

DELAY’s market ranking subsequently fell, and in April 2026 the project’s social channels were deleted and its founder became inactive — developments that community members characterised as a rug pull. The token continues to exist on-ledger and is community-owned, but the project behind it is defunct. The episode is frequently cited as an illustration of the abandonment risk in allocating public money to high-volatility meme coins by market capitalisation alone (see the Ecosystem Asset Fund page for the fuller account).