#exsat #BTC☀
Today, let's talk about the launch mechanism of XSAT tokens
Community first: the idea behind the fair launch mechanism
1. The launch of exSat's XSAT tokens follows the design principle of decentralization, trying to reach new heights in fairness and transparency.
The token excludes the options of team reservation, pre-mining and investor reservation, and completely relies on the power of the community to promote the development of the network.
The total supply of XSAT is set at 21 million,
which is consistent with Bitcoin, both symbolic and hoping to control inflation through limited supply.
At the same time, the token also has a strict halving design,
halving every 210,000 blocks,
thereby gradually reducing the issuance of tokens per block.
2. The launch process of XSAT is divided into several key stages.
First, in the initialization stage of the network,
the exSat Foundation will synchronize the first 840,000 block data of the Bitcoin blockchain as the basis for the operation of the entire network.
At this stage, there is no token reward setting,
it is entirely for the purpose of establishing a solid data foundation.
Later, with the official launch of the network,
the exSat network began to synchronize data with the Bitcoin blockchain in real time,
allowing the network to continuously receive and process the latest BTC block data.
On this basis, the mining reward mechanism of XSAT was also launched,
providing economic incentives for participants.
However, the qualification requirements for validators require a stake of at least 100 BTC.
After the first halving event, the XSAT token staking mechanism was officially launched. At this time, the top 21 participants in XSAT staking are eligible to become valid validators of the network and can obtain corresponding rewards by participating in block signatures.
3. [Celebration] exSat is officially launched on October 23
* exSat network pioneer program officially begins
* exSat is a Btc L2 aggregation network, which will greatly expand the liquidity, practicality, and commerciality of Btc, and achieve breakthrough expansion
* Participate in the test network and get bounty btc
Little plane 🛩️ Get to know Search 🔍ramtomoon
