$XE Distribution

$XE distribution started on the 04th of June 2021 and will run for three months

A total of 50 million $XE have been minted and are in the process of distribution. In addition to this, 10 million $XE are locked in the network to be mined and released as node rewards.

Holders of the original $EDGE token who have been through the swap process to TNC in Edge Console can now claim a distribution of $XE. This is proportional to their original holdings, factoring the reduction in supply.

In addition, a small percentage of all holders funds will be held back to create the Growth Fund.

Distribution Break Out

The Dev Fund holds $XE assigned to support the day-to-day development of the network. The Growth Fund holds $XE assigned to support the marketing and growth in uptake of the Edge Network. The Staking Contract holds $XE locked in the network as governance and node stakes. The Community distribution are the $XE held by individual supporters and customers of the Edge Network.

The figures below are projected initial distribution percentages for $XE

Distribution

Percentage Allocation

Dev Fund

15.64%

Growth Fund

10.03%

Staking Contract

31.54%

Community Circulating

34.79%

Founding Team

8%

The Growth Fund is controlled through project governance.

Node Rewards

$XE has a mineable supply of 10 million coins, with a steady emissions curve tied to block time. Mined coins provide the yield for the network and are released as node rewards.

The maximum yield in year one is 1 million $XE (10%). This will be reduced in year two, further in year three and so on.

The following table shows expected emitted $XE for the next five years:

Year

Emitted $XE

Supply Increase

2021/22

1,000,000

2.00%

2022/23

900,000

1.76%

2023/24

810,000

1.56%

2024/25

729,000

1.38%

2025/26

656,100

1.23%

Node rewards are held in a network-controlled wallet:

$XE Wallet Address

xe_ed9e1d0de3fdf363C4A71bC567e5d3aF6FCE2fe9

$XE Calculator

You can see a spreadsheet that can be used to calculate the $XE that you will be able claim here: ed.ge/xe/calculator

To use this sheet:

  1. Create a copy of the sheet

  2. Update cell B2 with the number of $EDGE tokens that you swapped through Edge Console

  3. Cell B10 will show the number of $XE available for you to claim