Chain Abstraction L1 XION officially released a white paper and token economics. The total supply of XION tokens is 200 million, the initial circulation is 25,559,333, accounting for 12.78%, and the remaining 87.22% tokens are unlocked over time.
Among them, ecological incentives and project incubation accounted for 23%; strategic investors accounted for 26.81%; teams accounted for 20%; protocol development and foundation accounted for 15%; community and launch accounted for 15.19%.
As a utility token, XION's functions include: network gas, node pledge, governance, cross-chain fee settlement, collateral and liquidity. XION supports a new type of abstract proof (Proof-of-Abstraction) consensus mechanism, which improves security through abstraction and solves the trade-off between security and accessibility of traditional proof of stake (Proof-of-Stake).
XION publishes white paper and token economics, community and launches account for 15.19% of total tokens
2024-12-04 08:35:04
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