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$XE Distribution

$XE distribution closed at the end of September 2021
A total of 50 million $XE were minted and distributed. 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 had been through the swap process to $TNC were able to claim a distribuion of $XE. This was proportional to their original holdings, factoring the reduction in supply.
In addition, a small percentage of all holders funds were 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 represent the initial distribution percentages for $XE
Distribution
Description
Percentage Allocation
Dev Fund
Tokens used for the ongoing development of the project.
13.03%
Growth Fund
Tokens used for the ongoing promotion and growth of the Edge Network. Under community governance.
8.36%
Staking Contract
Tokens locked in the network as stakes against contributed devices.
26.28%
Community Circulating
Tokens held by members of the Edge community.
28.99%
Founding Team
Core team token allocation. 5 year linear vesting schedule starting December 2021.
6.67%
Staked Node Rewards
Tokens locked in the network for slow release as node rewards. Released at a rate of 10% of remaining rewards per year.
16.67%
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: