$XE Distribution
$XE distribution closed at the end of September 2021
A total of 50 million $XE were minted and distributed at genesis. In addition to this, 10 million $XE were locked in the network to be mined and released as node rewards.
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 | 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.
Project GovernanceNode 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 emitted $XE from genesis and 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% |
2026/27 | 590,490 | 1.09% |
2027/28 | 531,441 | 0.97% |
2028/29 | 478,296 | 0.87% |
Node rewards are held in a network-controlled wallet:
| $XE Wallet Address |
|---|
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