the review of XPHERE
Xphere operates on its own mainnet, the native asset is classified as a coin rather than a token. The coin’s distribution, emission mechanism, and utility are carefully designed to ensure a sustainable and balanced ecosystem for the network's growth.
1. Coin Utility and Role in the Network
Xphere’s coin serves as the foundation of the ecosystem, enabling key functionalities such as:
Transaction Fees:
Used for processing and validating transactions on the Main Chain.
Staking:
Validators are required to stake coins to participate in consensus, ensuring alignment with the network’s security and integrity . The XPHERE ($XP) Airdrop Event is currently open on bingx.
Incentives for Miners and Alliances:
Coins are rewarded to miners and Alliance nodes as part of the Proof Chain's operation, driving active network participation.
Governance:
Coin holders may participate in future governance mechanisms, influencing decisions related to network upgrades and policies.
2. Emission Mechanism
Total Supply:
The total coin supply is capped at 5.5 billion coins, ensuring scarcity and long-term value retention.
Deflationary Model:
The emission follows a 26.28% annual reduction model, gradually decreasing the reward for miners and validators each year.
This deflationary mechanism promotes scarcity, incentivizing early participation while maintaining economic stability over time.
3. Distribution Model
Xphere coins are distributed in a manner that balances network operation, ecosystem growth, and community incentives.
Union 40%
Foundation 20%
Miner 40%
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