XNM
XNM is the reward token for mining XenBlocks. Miners receive XNM every time they find a XenBlock.
Last updated
XNM is the reward token for mining XenBlocks. Miners receive XNM every time they find a XenBlock.
Last updated
XNM follows a yearly halving schedule. The multiplier is applied to every XenBlock found. In the first year, miners receive a reward of 10 XNM for each block they find. In the second year, the reward for discovering a block is reduced to 5 XNM, and so on. Est. total supply amounts to 620M XNM after year 15.
1
10
310M
2
5
155M
3
2.5
77.5M
4
1.25
38.75M
5
0.625
19.375M
6
0.3125
9.6875M
7
0.15625
4.83475M
8
0.078125
2.421875M
9
0.0390625
1.2109375M
10
0.01953125
605.46875K
11
0.009765625
302.734375K
12
0.0048828125
151.367188K
13
0.00244140625
75.683594K
14
0.001220703125
37.841797K
15
0.000610351563
18.920899K
By offering XNM rewards to miners for their computational efforts, staking incentives are established that contribute to the protocols sustainability. XNM can be staked to earn XNT rewards on the X1 blockchain. Additionally, XNM has the potential for further utility in areas like decentralized computing and other applications.
Consequently, XenBlocks operates as a hybrid of Proof of Stake (PoS) and Proof of Work (PoW), with its PoW aspect resembling Bitcoin's mining process through the resolution of cryptographic challenges and the discovery of specific hashes. Incorporating staking mechanisms, however, helps to alleviate selling pressure from miners.
