According to the official Discord information:
The first halving event has arrived. This marks an important milestone in the growth of the Xai gaming ecosystem. Your unwavering support has been critical to our rapid growth and success, and we are sincerely grateful for it.
Understanding the Halving Mechanism
The total supply of XAI and esXAI is capped at 2.5 billion tokens. When the total supply reaches a certain threshold, the issuance rate is halved, reducing the number of esXAI tokens released daily. This dynamic mechanism ensures balanced rewards for Sentry Nodes while controlling the overall token supply.
Halving threshold
The issuance rate will be halved at the following total supply thresholds:
≤ 1,250,000,000 = 1,712,328.7671232900 esXAI per day
≤ 1,875,000,000 = 856,164.3835616440 esXAI per day
≤ 2,187,500,000 = 428,082.1917808220 esXAI per day
≤ 2,343,750,000 = 214,041.0958904110 esXAI per day
≤ 2,421,875,000 = 107,020.5479452050 esXAI per day
≤ 2,460,937,500 = 53,510.2739726027 esXAI per day
≤ 2,480,468,750 = 26,755.1369863014 esXAI per day
The way forward
Halving events reduce the issuance of tokens over time, increasing scarcity. Halvings help stabilize the overall ecosystem in the long term by implementing a predictable reduction in token rewards - something that has been proven in countless blockchain projects. As we outlined in our Gitbook, staking levels will be adjusted in a formula to accommodate halvings >> We will share details soon.
Together, we are building a thriving Xai gaming token ecosystem. Thank you for being a part of the growing Xai community!