Token metrics and initial allocation

Initial Xai allocation and unlock schedule

Team: 20% of max supply was allocated to core team and early contributors. This will begin to unlock daily 6 months after TGE. The allocation will unlock over a 36 month period. 42 months in total.

Investors: 22.41% of max supply was purchased by investors in early rounds. This will begin to unlock daily 6 months after TGE. The allocation will unlock over a 24 month period. 30 months in total.

Ecosystem: 2% of max supply has been earmarked for market makers. The allocation will be unlocked immediately at TGE. 5.5% of max supply has been earmarked for the ecosystem. The allocation will begin unlocking daily 6 months after TGE and will unlock over a 36 month period. 42 months in total.

Key token metrics

Maximum Supply

The maximum number of tokens coded to exist in the lifetime of the cryptocurrency.

Xai has a maximum supply of 2.5B tokens, which includes all XAI and esXAI.

You can verify this on chain by checking the MAX_SUPPLY function on the ERC20 smart contract for Xai deployed to Arbitrum. This smart contract can be found at 0x4cb9a7ae498cedcbb5eae9f25736ae7d428c9d66.

Total Supply

Total Supply is the amount of tokens that have already been created, minus any tokens that have been burned (removed from circulation).

Total Supply includes all esXAI and XAI that has been already minted. This is because XAI is burned in exchange for redeeming esXAI (and vice versa). To learn more about the redemption process read this.

Total Supply as at 23 July 2024

You can easily fetch TotalSupply of both esXAI and XAI by checking the getCombinedTotalSupply function on an ERC20 smart contract deployed to Arbitrum. This smart contract can be found at 0xfD41041180571C5D371BEA3D9550E55653671198

Circulating Supply

The amount of tokens that are circulating in the market and are tradeable by the public. Locked supply regularly changes based on unlock events.

To calculate circulating supply, subtract Locked XAI tokens from the the Total Supply of XAI tokens.

Note: Circulating Supply does not include esXAI because esXAI is not transferable.

You can easily fetch Total Supply of XAI by checking the totalSupply function on the ERC20 smart contract deployed to Arbitrum. This smart contract can be found at 0x4cb9a7ae498cedcbb5eae9f25736ae7d428c9d66

You can easily fetch Locked Supply of XAI by checking the Token Holdings dropdown for each wallet listed in the table below and adding up all the XAI values across all listed wallets.

Investor wallets have both locked XAI and unlocked XAI but Circulating Supply follows the Unlock Schedule below

Circulating Supply as of September 24, 2024: 662M

Unlock Schedule

Xai mainnet launched publicly on January 9, 2024. The network's native token, XAI, facilitates on-chain transactions, pays gas fees, secures the network, and provides on-chain liquidity. The XAI Maximum Supply is capped at 2.5 billion tokens. At mainnet launch, roughly 17% of Maximum Supply were in circulation with the remainder being released on a proposed schedule, as shown in the graph below, to maintain network stability.

The Maximum Supply has been apportioned in a manner to support those who contributed to the launch of Xai mainnet and ensure its ongoing health through a vibrant, active community.

Note that XAI Circulating Supply chart excludes esXAI emissions, esXAI to XAI redemptions and XAI gas burning. For that information please visit this dashboard.

Circulation amounts refer to numbers at end of each month.

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Last updated 7 days ago