ChainCatcher News: The Layer1 project XION has recently released its tokenomics white paper, detailing an innovative token model based on the Proof of Abstraction mechanism. 📜

The total supply of XION tokens is 200 million, with an initial circulating supply of 25,559,333 tokens, accounting for 12.78% of the total. In terms of token distribution, ecological incentives and project incubation represent 23%, strategic investors hold 27%, the team retains 20%, protocol development and foundation allocation account for 15%, while the community and Launch make up 15.19%. 📊

The launch of this tokenomics model may provide new momentum for XION's future development in the blockchain industry. 🚀