According to Foresight News, Layer1 project XION released a token economic white paper, introducing its token model based on the Proof of Abstraction mechanism. The total supply of XION tokens is 200 million, and the initial circulation is 25,559,333, accounting for 12.78%. In the token distribution plan, ecological incentives and project incubation account for 23%, strategic investors account for 27%, the team accounts for 20%, protocol development and foundation accounts for 15%, and the community and Launch account for 15.19%.
Foresight News previously reported that XION will list XION tokens on Bybit and Bitget at 18:00 on December 5 and open Dual Launchpool transactions.