$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.
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
Tokens used for the ongoing development of the project.
Tokens used for the ongoing promotion and growth of the Edge Network. Under community governance.
Tokens locked in the network as stakes against contributed devices.
Tokens held by members of the Edge community.
Core team token allocation. 5 year linear vesting schedule starting December 2021.
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.
The Growth Fund is controlled through project governance.