500 million of the 1 billion XTEN tokens allocated to founders, teams, and investors, with a 1-year lo
Original headlineXTEN 10억개 중 5억개 창업자·팀·투자자 배정…1년 잠금
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Extended has disclosed the tokenomics for its XTEN token, confirming a fixed maximum supply of 1 billion tokens minted entirely at genesis with no further issuance. Of that total, 500 million tokens (50%) are allocated to the founder, team, and investors, and will be locked for the first 12 months, while 300 million tokens (30%) are reserved for the community airdrop and will be fully unlocked at token generation event (TGE). The remaining 200 million tokens (20%) are designated for the ecosystem. The announcement, reported via Maxisbit on the 3rd, also confirms staking will be introduced and follows an earlier plan to distribute the 300 million airdrop tokens to all eligible points participants. The 12-month cliff on half the supply is the key overhang to monitor, as the TGE-time unlock of the full airdrop allocation will determine initial circulating supply and early sell pressure.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Extended, XTEN