# $XE Distribution

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**$XE distribution closed at the end of September 2021**
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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.

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**The figures below represent the initial distribution percentages for $XE**
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<table><thead><tr><th width="162.09231609914934">Distribution</th><th width="388.1088265365705">Percentage Allocation</th><th></th></tr></thead><tbody><tr><td>Dev Fund</td><td>Tokens used for the ongoing development of the project.</td><td>13.03%</td></tr><tr><td>Growth Fund</td><td>Tokens used for the ongoing promotion and growth of the Edge Network. Under community governance.</td><td>8.36%</td></tr><tr><td>Staking Contract</td><td>Tokens locked in the network as stakes against contributed devices.</td><td>26.28%</td></tr><tr><td>Community Circulating</td><td>Tokens held by members of the Edge community.</td><td>28.99%</td></tr><tr><td>Founding Team</td><td>Core team token allocation. 5 year linear vesting schedule starting December 2021.</td><td>6.67%</td></tr><tr><td>Staked Node Rewards</td><td>Tokens locked in the network for slow release as node rewards. Released at a rate of 10% of remaining rewards per year.</td><td>16.67%</td></tr></tbody></table>

The Growth Fund is controlled through project governance.

{% content-ref url="../../project-governance" %}
[project-governance](../../project-governance)
{% endcontent-ref %}

## 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  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                                                                                                    |
| --------------------------------------------------------------------------------------------------------------------- |
| [xe\_ed9e1d0de3fdf363C4A71bC567e5d3aF6FCE2fe9](https://xe.network/wallet/xe_ed9e1d0de3fdf363C4A71bC567e5d3aF6FCE2fe9) |

