Can you explain how is your Tokenomics Distributio... @gateio

Asked 1048 days ago
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Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team? #AMAwithXDC

asked 1048 days ago

1 Answers

Answer 2: The XDC Network team has locked up a portion of the premined XDC tokens to ensure that the tokenomics remain inflationary and deflationary balanced. This means that the team will not be able to access or spend all of the premined tokens. The team has also committed to a vesting schedule of the premined tokens, meaning that the tokens will be released over a period of time. This allows for the team to remain incentivized to continue developing and improving the XDC Network. The team has also committed to using a portion of the premined tokens for community growth initiatives such as grants, marketing, and development. This will help ensure that the XDC Network is able to reach its full potential.
answered 1048 days ago
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There were 37.5B XDC premined at the launch of mainnet, and there are both inflationary and deflationary pressures on XDC. Every block (2 seconds) 5 XDC are minted and used as rewards to validating masternode operators. There is also a burn mechanism for dApp transactions that allows for 20% of the tx fee to be burned. Overtime as utilization of the XDC Network increases the tokenomics can shift from slightly inflationary to a slightly deflationary. You can read more about tokenomics here: https://docs.xdc.community/get-started/xdc-design/tokenomics
answered 1048 days ago

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