Radket was an online marketplace that accepted only cryptocurrencies as payment method. It was the first of its kind and aimed to provide a platform for buyers and sellers to trade using cryptocurrencies. The project was initiated in 2021. As of 2026 the RadKET domain (radket.com) is offline and the marketplace was never launched; the project is considered discontinued.
Overview
The RadKET marketplace was an online platform that allowed users to browse and purchase products using cryptocurrencies. It aimed to build a fully functional and effective marketplace available in multiple countries, with $RDK (RadKET's native token) and several stable and non-stable cryptocurrencies accepted as payment methods. The marketplace was expected to be released in the first quarter of 2024, starting with a beta testing phase and the recruitment of initial sellers.
RadKET was committed to partnering with well-known brands and sellers to offer a wide range of products on their platform. Their goal was to create a user-friendly cryptocurrency marketplace, similar to traditional marketplaces like Amazon, where users can buy various supplies and items using their favorite cryptocurrencies
The RadKET team had also developed a tokenomics model for their platform. The $RDK token would be used extensively on RadKET, and users would need $RDK to access various benefits on the platform, including making purchases.
Mission
The mission of RadKET Marketplace was to create a global online marketplace that bridged the gap between traditional e-commerce and the cryptocurrency world. They aimed to provide a platform where users can easily buy and sell products using various cryptocurrencies, making it more accessible for cryptocurrency holders to utilize their digital assets for everyday purchases.
RadKET was focused on creating a user-friendly and familiar shopping experience, similar to traditional online marketplaces like Amazon, while incorporating the benefits and convenience of using cryptocurrencies as a payment method. By accepting multiple stable and non-stable cryptocurrencies, RadKET aimed to offer a wide range of payment options to cater to the preferences of different users.
Additionally, RadKET aimed to partner with well-known brands and sellers to offer a diverse selection of products on their platform, ensuring a high-quality shopping experience for its users.
Overall, RadKET's mission was to encourage the widespread adoption of cryptocurrencies by providing a secure, user-friendly, and globally accessible marketplace for buying and selling goods.
Roadmap
Here is a roadmap from radket:
Q4 2021
- RadKET’s birth
- RadKET general conceptualization, thinking about how the final marketplace & airdrop would work, as well as the tokens distribution
Q1/Q2 2022
- Creation of our token $RDK
- Creation of the documentation
- Beginning of the general website & airdrop website developpement
Q3/Q4 2022
- Social media creation(twitter-telegram), beginning of the online marketing
- Tokenomics creation
- Beginning of the first $RDK giveaways
- Release of the website, the documentation & beginning of the airdrop 2023
- Would be updated during 2023
Q1 2024
- Beta test, recruitment of the first sellers and then release of the final marketplace, fully functional and effective in several countries with $RDK and several stable and non-stablecoins as payment method
- As radket would be our main product, after the release we would continue to work on it to improve it and make it the best crypto-only marketplace in the world
Tokenomics
Here is tokenomics from Radket.
Airdrop minigame: 26m $RDK
Those tokens would all be distributed through the airdrop website. Everything should be gone until we released the final marketplace -- In case there were remaining tokens when we wanted to release the marketplace(which is unlikely to happen), we would distribute them them more quickly or giveaway them fairly to the airdrop game users.
When the airdrop was over, 72% of the tokens **would be circulating on the market.
Giveaways: 10m $RDK
Tokens that were being distributed mainly through Twitter giveaways, airdrops on the active community wallets, etc.
Team: 10m $RDK
Personal tokens of the two RadKET founders.
Marketing & development: 4m $RDK
These tokens can be sold for marketing or development. Example: advertising campaigns, server maintenance.
Supported networks
RadKET Marketplace supported multiple blockchain networks, allowing users to transact with various cryptocurrencies. While specific details may vary, here are some of the supported networks:
Ethereum ($ETH)
RadKET was built on the Ethereum blockchain and supported ERC-20 tokens. Users can transact with Ethereum and ERC-20 tokens on the marketplace.
Binance Smart Chain ($BSC)
RadKET also supported the Binance Smart Chain, allowing users to transact with cryptocurrencies that are built on BSC.
Polygon ($MATIC)
RadKET had integrated with the Polygon network to provide users with the option to transact with cryptocurrencies that are based on Polygon.
Avalanche ($AVAX)
RadKET had integrated with the Avalanche network, enabling users to utilize cryptocurrencies that are built on the Avalanche platform.
These were some of the blockchain networks that RadKET Marketplace supported.
Staking Process
The staking process on the RadKET Marketplace involved staking the native token, $RDK, to earn rewards. Here's a general overview of the staking process:
Obtain $RDK
To participate in staking, you needed to acquire $RDK tokens . You can obtain these tokens through various means, such as purchasing them on supported exchanges or participating in token sales.
Connect Wallet
Connect your digital wallet to the RadKET Marketplace platform. Supported wallets may vary, but typically popular wallets like MetaMask are compatible.
Access Staking
Once your wallet is connected, navigate to the staking section on the RadKET Marketplace platform. This may be accessible through a specific tab or section on the website or user interface.
Choose Staking Option
Select the staking option that suits your preferences. RadKET Marketplace may offer different staking periods or tiers with varying rewards and lock-up periods. Choose the option that aligns with your staking goals.
Confirm Staking
Confirm the staking transaction by approving the staked amount of $RDK from your wallet. This would typically involve signing the transaction with your wallet's private key.
Staking Period
Once your tokens are staked, they would be locked for a specified staking period. During this time, you wouldn't be able to access or transfer the staked $RDK tokens.
Earn Rewards
As you hold your $RDK tokens staked, you would start earning rewards over time. The specific rewards and earning rates were determined by the staking offering on RadKET Marketplace.
Unstaking
After the staking period is completed, you can initiate the unstaking process. This usually involved submitting an unstaking request and waiting for the predetermined cooldown period before your tokens are released.
Claim Rewards
Once your tokens are unstaked, you can claim the accumulated rewards. This process may vary, but typically involved confirming the claim transaction through your wallet.
Security and Trust
RadKET Marketplace was committed to providing a secure and trustworthy platform for its users. Here are some of the security measures and trust factors that RadKET Marketplace had implemented to ensure the safety of its users:
Secure Infrastructure
RadKET used a secure infrastructure to ensure that user information and transactions were protected. They utilized the latest security technologies such as firewalls, encryption, and multi-factor authentication to help secure the platform and user data.
KYC and AML
RadKET Marketplace had implemented KYC (Know Your Customer) and AML (Anti-Money Laundering) policies to verify the identity of its users and prevent fraudulent transactions and activities.
Smart Contract Audit
RadKET had had its smart contracts audited by reputable third-party security firms to ensure that they were secure and free of vulnerabilities.
Cold Storage
To minimize the risk of loss or hacking of user funds, RadKET stored the majority of its users' funds in cold storage wallets that are physically offline, in addition to a hot wallet for liquidity purposes.
Experienced Team
The RadKET team comprised experts in blockchain technology, finance, and cybersecurity, which provided credibility and trust.
Community Trust
RadKET Marketplace had a growing community and active social media presence, with positive feedback and reviews from users.
Open Communication
RadKET Marketplace kept its users informed about important updates or changes to the platform and was responsive to user feedback and concerns.
Insurance
RadKET had partnered with reputable insurance providers to protect its users' funds in case of a security breach or hacking incident.