$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 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

DistributionPercentage 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.

An Introduction to 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:

YearEmitted $XESupply 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:

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