$XE distribution started on the 04th of June and will close at the end of September 2021
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.
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
The Growth Fund is controlled through project governance.