Tokenomics

XON is used as a medium of exchange for transactions within Xode Blockchain and may also serve other functions such as incentivizing network participants, paying for transaction fees, and facilitating the execution of smart contracts.

Total Supply and Initial Price

Total Supply

• Total Supply: 1.2 billion (1,224,937,488.2724) XON

API End-points

• Total Supply: https://wallet-api.xode.net/chain/totalsupply
• Total Circulating Supply: https://wallet-api.xode.net/chain/circulatingsupply

Coin Distribution

XON Lockup - 70%

• Locked Coins: 857 million (857,456,241.79068) XON
• Management: Managed by Xode Foundation (DAO)
• Staking Structure: Locked coins are held within the Xode Foundation (DAO)
• Burn Schedule:
  • Annually, 10% of the locked coins will be burned over a period of 8 years.
  • The burn schedule can be dynamically adjusted based on governance decisions to respond to market conditions.

Staking Rewards - 10%

• Coin Quantity: 120 million (122,493,748.82724) XON
• Annual Reward Rate: 4%
• Purpose: To enhance network stability and security through staking participation

Allocation of Remaining - 20%

• Coin Quantity: 244 million (244,987,497.65448) XON
• Private Sale (5%)
  • Coin Quantity: 61 million (61,246,895.41362) XON
  • Purpose: To raise initial capital and involve strategic partners.
• Exchange Liquidity Provision (5%)
  • Coin Quantity: 61 million (61,246,895.41362) XON
  • Purpose: To ensure liquidity for smooth trading on exchanges.
• Team and Developer Compensation (2%)
  • Coin Quantity: 24 million (24,498,749.765448) XON
  • Purpose: To reward the team and developers for their contributions and ongoing support.
• Marketing and Community Development (2%)
  • Coin Quantity: 24 million (24,498,749.765448) XON
  • Purpose: To drive marketing initiatives and foster community growth.
• Partnerships and Ecosystem Expansion (2%)
  • Coin Quantity: 24 million (24,498,749.765448) XON
  • Purpose: To build strategic partnerships and expand the ecosystem.
• Reserve Fund (2%)
  • Coin Quantity: 24 million (24,498,749.765448) XON
  • Purpose: To provide a buffer for unforeseen circumstances and ensure stability.
• Founders (2%)
  • Coin Quantity: 24 million (24,498,749.765448) XON
  • Purpose: To reward the founders for their vision and leadership.

Governance and Flexibility

Xode Foundation (DAO) plays a critical role in the management and governance of the locked coins. The community, through Xode Foundation (DAO), has the authority to dynamically adjust the burn schedule, allowing for a flexible and responsive coin economy. This decentralized approach ensures decisions are made in the best interest of the community and the long-term health of the Xode ecosystem.

Conclusion

Xode’s tokenomics strategy is focused on long-term value creation, stability, and community empowerment. By locking a significant portion of the coins and implementing a flexible burn schedule, Xode ensures a sustainable growth trajectory. The strategic allocation of the remaining coins supports liquidity, development, marketing, partnerships, and reserve needs, creating a balanced and robust foundation for the future.

We invite all stakeholders to join us in building a decentralized, resilient, and thriving Xode ecosystem.