Layer1 project XION released a white paper on December 4, detailing its token economics and innovative Proof-of-Abstraction consensus mechanism. The total supply of XION tokens is 200 million, with an initial circulation of 12.78%. In the token distribution, ecological incentives and project incubation account for 23%, and strategic investors account for 27%. The new consensus mechanism improves security through abstraction and optimizes the security and accessibility of traditional proof of stake. XION tokens are used in the network for various purposes such as staking, handling fees, governance, etc. to promote the development of the ecosystem.