What is the issuance and circulation of XTZ coins?

The Tezos Foundation allocates 10% of the XTZ issuance to fund community initiatives and blockchain research.

Nov 16, 2024 at 03:36 pm

XTZ Coin: Issuance and Circulation

1. Issuance

XTZ, the native token of the Tezos blockchain, was issued through an initial coin offering (ICO) in July 2017. The ICO raised a total of 232,414 Bitcoins (BTC), equivalent to approximately $232 million at the time.

2. Circulation

As of February 8, 2023, the circulating supply of XTZ is 981,029,150 coins. The maximum supply is capped at 1,268,445,913 XTZ.

3. Distribution

The distribution of XTZ coins is as follows:

ICOs supporters: 61%
Early investors: 19%
Tezos Foundation: 10%
Development team: 5%
Advisors: 2%

4. Token Generation Event (TGE)

The TGE for XTZ occurred on June 30, 2018, when the Tezos mainnet was launched. The ICO price was 0.002 BTC per XTZ.

5. Tokenomics

XTZ is a utility token that serves as:

A medium of exchange for transactions on the Tezos blockchain
A staking reward for validators who maintain the network
A governance token for voting on protocol updates

6. Proof-of-Stake (PoS) Consensus

Tezos employs a PoS consensus mechanism to validate transactions and secure the network. XTZ holders can "stake" their coins to become validators and earn staking rewards.

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