Yesterday the core team shared the tokenomics of the Edge Network, looking at how $XE and $EDGE work within the Edge ecosystem.
Today I’m happy to be able to share details about the distribution plans for $XE.
A total of 50 million $XE will be minted and distributed. In addition to this, 10 million $XE are locked in the network to be mined and released as node rewards.
Holders of the original $EDGE token who have been through the swap process to TNC in Edge Console will be able to claim a distribution of $XE. This distribution is proportional to their original holdings, factoring the reduction in supply.
In addition, 10% of all holders funds will be held back to create the Growth Fund, which is controlled through network governance.
Distribution
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 is the $XE held by individual supporters and customers of the Edge Network.
The figures below are projected initial distribution percentages for $XE:
| Distribution | Percentage Allocation |
|---|---|
| Dev Fund | 15.64% |
| Growth Fund | 10.25% |
| Staking Contract | 31.54% |
| Community Circulating | 34.57% |
| Founding Team | 8% |
Dev Fund
The Dev Fund holds $XE assigned to support the technological development of the Edge Network.
The use of these funds is under the control of the core team, with guidance regarding focus provided through project governance.
The dev fund is designed to be used for core development. This includes developer remuneration, hardware and software costs, securing IP rights and any other directly associated overheads.
The dev fund is funded by a buy back and make programme, with network revenues converted to $XE and transferred to the fund. The initial distribution to the dev fund represents the swapped original $EDGE token holdings of the network treasury.
Knowledge
Last Updated:
April 2021