XION is a Layer 1 blockchain built with a focus on providing seamless user experiences for everyday consumers. Designed to simplify the complexities of blockchain technology, XION features innovative Chain Abstraction infrastructure, enabling users to interact with decentralized applications (dApps) without needing in-depth technical knowledge. Key features like protocol-level account abstraction, gasless transactions, and signature abstraction make it easier for users to engage with the blockchain ecosystem.
The XION blockchain is optimized for cross-device usage, allowing users to seamlessly interact with dApps across different platforms and devices. This flexibility, combined with fiat pricing, makes the XION ecosystem incredibly user-friendly and accessible for both crypto enthusiasts and newcomers. By removing common barriers to entry, XION aims to drive widespread adoption of blockchain technology in everyday life.
With a strong emphasis on consumer applications, XION is set to power a range of decentralized services, from e-commerce to digital identity management. The project is committed to bridging the gap between traditional finance and decentralized finance (DeFi), enabling easy and secure transactions while maintaining high performance, scalability, and security. XION is positioning itself as a leading blockchain for the mass adoption of Web3 and beyond.
A:
Maximum Supply: 200,000,000
Initial circulating supply: 25,559,333 (12.78%)
Lock-Up: 87.22% (174,440,666 $XION) of the XION tokens are locked at TGE and will unlock over time as described below. The distribution of the XION tokens is strategically designed to support the long-term development, security, and growth of the network.
Ecosystem Incentives & Project Incubation: (23% - 46,000,000 $XION)
23% of the token supply has been allocated to facilitate XION ecosystem growth through a variety of initiatives. In addition to initial liquidity provisioning, these tokens are used to incentivize and reward developers and other stakeholders who build applications, services, and tools on top of XION’s infrastructure with the aim of attracting a diverse range of talent and encouraging innovation within the XION ecosystem.
Vesting Terms: 1.15% (2,300,000 $XION) is unlocked at TGE, with the remaining 21.85% (43,700,000 $XION) unlocking monthly over 48 months after TGE.
Team: (20% - 40,000,000 $XION)
20% of the token supply has been allocated to the core contributors of the XION network. These contributors have been responsible for the network’s inception, its core technological innovation, security, growth, and the operations of various XION products. They continue to support the continued innovation, growth, and decentralization of the network.
Vesting Terms: NO tokens are unlocked at TGE. Subject to a 1-year cliff, 5% (10,000,000 $XION) unlocks followed by 3 periods of vesting every 8 months thereafter.
Protocol Development & Foundation Treasury: (15% - 30,000,000 $XION)
15% of the token supply has been allocated to the continued development of the XION network. These tokens are used to fund ongoing research, development, and improvements to XION’s infrastructure. These funds are used to support the work of developers, researchers, and other technical contributors who are responsible for maintaining, upgrading, and optimizing the protocol. These funds are also allocated towards the foundation’s operational expenses and other relevant expenditures into the continued development and decentralization of the XION network.
Vesting Terms: 1.5% (3,000,000 $XION) is unlocked at TGE, with the remaining 13.5% (27,000,000 $XION) unlocking monthly over 48 months after TGE.
Strategic Backers: (26.81% - 53,611,000 $XION)
27% of the token supply has been allocated to strategic backers of the XION network. These backers have been instrumental in providing funds for development, marketing, and other initiatives as well as bringing valuable expertise, networks, and resources to accelerate the project's growth and adoption.
Vesting Terms: NO tokens are unlocked at TGE. Subject to a 1-year cliff, 6.7% (13,402,750 $XION) unlocks followed by 3 periods of vesting every 6 months thereafter.
Community & Launch: (15.19% - 30,389,000 $XION)
15% of the token supply has been allocated to launch events and the community’s continued growth. The community is a key component of the network's long term success as well as its progressive decentralization, and tokens will be used across a variety of initiatives to continue growing XION’s presence worldwide.
Vesting Terms: 10.13% (20,259,333 $XION) is unlocked at TGE, with the remaining 5.06% (10,129,666 $XION) unlocking monthly over 48 months after TGE.
XION is a Layer 1 blockchain built with a focus on providing seamless user experiences for everyday consumers. Designed to simplify the complexities of blockchain technology, XION features innovative Chain Abstraction infrastructure, enabling users to interact with decentralized applications (dApps) without needing in-depth technical knowledge. Key features like protocol-level account abstraction, gasless transactions, and signature abstraction make it easier for users to engage with the blockchain ecosystem.
The XION blockchain is optimized for cross-device usage, allowing users to seamlessly interact with dApps across different platforms and devices. This flexibility, combined with fiat pricing, makes the XION ecosystem incredibly user-friendly and accessible for both crypto enthusiasts and newcomers. By removing common barriers to entry, XION aims to drive widespread adoption of blockchain technology in everyday life.
With a strong emphasis on consumer applications, XION is set to power a range of decentralized services, from e-commerce to digital identity management. The project is committed to bridging the gap between traditional finance and decentralized finance (DeFi), enabling easy and secure transactions while maintaining high performance, scalability, and security. XION is positioning itself as a leading blockchain for the mass adoption of Web3 and beyond.