1 Billion Coins
In the genesis block, one billion xx coins will be minted. Initial distribution of the coin will be via an ERC 1404 smart contract to non-US persons. By MainNet, it is planned that the smart contracts will convert to official xx coins on the xx network, possibly via an intermediary smart contract.
Incentives (Staking & BetaNet Rewards) 35% — 30% of the original pool will be algorithmically distributed to the community over 3 years in the form of block rewards associated with staking. An additional block of 5% has been set aside for “BetaNet Staking”.
Included are Staking Rewards for coin holders and nodes who participate in governance and node staking or provide liquidity. Coins during BetaNet are allocated to incentivize development of dApps and marketing and promotion of the xx platform (as well as staking trials).
Token Sales 30% — Coins allocated for public and private sales. Any tokens unsold or not committed to any option pool after the final public sale will be re-allocated towards incentives (70%) and the Foundation (30%).
Team 25% (3-year vesting, 10% initial) — Distributed to the developer, business, and marketing teams.
Foundation 10% (3-year vesting, 20% initial) — Used to grow the xx network ecosystem via partnerships, marketing and promotion, additional exchange listings and distribution, dApp development and events.