XION is a Layer-1 blockchain project utilizing Generalized Abstraction technology developed by Burnt, aimed at promoting economic freedom and empowering users.

XION introduces the concept of 'Generalized Abstraction', essentially a comprehensive Web3 infrastructure solution that eliminates the inherent complexities of the crypto industry. The project offers users many benefits including an easy-to-use account, compatibility with multiple devices, low gas fees,...

The project has raised over 36 million USD from renowned investment funds such as Animoca Brands, Multicoin Capital, Circle,... The most recent fundraising was in April 2024 during the Series A round, amounting to 25 million USD.

Notably, the unique XION airdrop mechanism named 'Double or Nothing' allows eligible users an additional chance to receive double the rewards through a lucky spin. In return, participants also risk losing all their rewards if they 'unluckily' land on the 'lose it all' spot.

The initial conditions for receiving the XION airdrop are determined by factors such as participation in the testnet and interaction with partner communities. According to the announcement, the XION token has a total supply of 200,000,000, with an initial circulating supply of 25,559,333 (equivalent to 12.78% of the total supply), and the tokenomics of XION will be allocated as follows:

  • 23% of the total supply - Allocated for ecosystem incentive programs and projects within the system:1.15% will be unlocked at TGE, and the remaining 21.85% will be distributed linearly over the following 48 months.

  • 20% of the total supply - Allocated for the core project team:After a 1-year lock, 5% will be distributed, and the remaining will be gradually released in 3 vesting phases, each phase separated by 8 months.

  • 15% of the total supply - Treasury fund and protocol development:1.5% will be unlocked at TGE, and the remaining 13.5% will be distributed linearly over 48 months after TGE.

  • 26.81% of the total supply - Strategic investors backing the project:Locked for 1 year, after which 6.7% will be unlocked, and the remaining will be gradually distributed in 3 vesting phases, each phase separated by 6 months.

  • 15.19% of the total supply - Allocated for the community and project launch events: 10.13% will be unlocked at TGE (including 5% airdrop), and the remaining 5.06% will be distributed linearly over 48 months after TGE.

In the above tokenomics, a maximum of 5% (10 million XION tokens) will be allocated for the first airdrop, including:

  • 69% allocated to the XION community.

    31% allocated to those who have shown strong support for the ecosystem, including the Berachain, Injective, Pyth, Monad, Milady, Brett, and SPX6900 communities.

Token allocation schedule for XION