Tezos (XTZ) is a decentralized blockchain that can evolve by upgrading itself, aiming to combine a self-amending protocol and on-chain governance to manage network modifications. Stakeholders in the Tezos network vote on amendments to the protocol to reach a consensus on proposed changes, a process that encourages community participation and decentralization.
The Tezos protocol offers a formal process through which stakeholders can efficiently govern the platform and implement future innovations. Its smart contract language, Michelson, is designed to facilitate formal verifications, allowing developers to write more secure code.
The project was founded by Arthur Breitman and Kathleen Breitman, with the initial whitepaper being released in 2014. The development of Tezos was overseen by the Tezos Foundation.
Tezos had one of the most notable Initial Coin Offerings (ICOs) in history, raising $232 million in July 2017.
The Tezos network officially launched its mainnet in September 2018, marking the creation of its first block.
Since its launch, Tezos has seen various developments and partnerships, with a growing ecosystem of dApps, DeFi platforms, and NFT projects being built on the platform.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Tezos (XTZ) and review the project details below.
What is the allocation for Tezos (XTZ)?
Tezos conducted a distinctive initial coin offering (ICO) that permitted participants to contribute Bitcoin (BTC) and Ethereum (ETH) in return for XTZ tokens. The XTZ tokens created during the ICO were distributed among the contributors, with designated portions set aside for the Tezos Foundation and other invested parties. The foundation plays a crucial role in fostering the advancement and widespread adoption of the Tezos blockchain.
- 79.59% is allocated to ICO participants
- 10% is allocated to Tezos Foundation
- 10% is allocated to Dynamic Ledger Solutions
- 0.41% is allocated to Early backers and contractors
What is the supply schedule for Tezos (XTZ)?
Tezos employs an adaptive supply mechanism called "baking" and "endorsing." XTZ token holders can engage with the network through "baking" (staking) and "endorsing" (validating) transactions. By undertaking these activities, they are compensated with newly created XTZ tokens. The precise rate of token generation is contingent on network activity and is structured to uphold a relatively stable annual inflation rate. XTZ issuance sees an annual increase of approximately 5.5%, and all rewards from this additional issuance are allocated to Tezos validators. However, it's worth noting that the annual XTZ issuance rate of 5.5% is not set in stone; the white paper suggests that the issuance interest rate will eventually stabilize at around 1%.
Tezos (XTZ) is a decentralized blockchain that can evolve by upgrading itself, aiming to combine a self-amending protocol and on-chain governance to manage network modifications. Stakeholders in the Tezos network vote on amendments to the protocol to reach a consensus on proposed changes, a process that encourages community participation and decentralization.
The Tezos protocol offers a formal process through which stakeholders can efficiently govern the platform and implement future innovations. Its smart contract language, Michelson, is designed to facilitate formal verifications, allowing developers to write more secure code.
The project was founded by Arthur Breitman and Kathleen Breitman, with the initial whitepaper being released in 2014. The development of Tezos was overseen by the Tezos Foundation.
Tezos had one of the most notable Initial Coin Offerings (ICOs) in history, raising $232 million in July 2017.
The Tezos network officially launched its mainnet in September 2018, marking the creation of its first block.
Since its launch, Tezos has seen various developments and partnerships, with a growing ecosystem of dApps, DeFi platforms, and NFT projects being built on the platform.
Above are only for introduction, not intended as investment advice.