XION announces the token economic model, with the community and Launch accounting for 15.19% of the total supply

ChainCatcher news, Layer1 project XION has released its tokenomics white paper, introducing its token model based on the Proof of Abstraction mechanism.

The total supply of XION tokens is 200 million, with an initial circulation of 25,559,333 tokens, accounting for 12.78%. In the token distribution plan, ecosystem incentives and project incubation account for 23%, strategic investors for 27%, the team for 20%, protocol development and foundation for 15%, and community and Launch for 15.19%.