Token Economics for Sustaining the Xenea

Xenea maintains its blockchain network using VPoW, an innovative, power-saving consensus algorithm derived from the traditional PoW mining algorithm. This approach ensures the security and sustainability of the network while encouraging participation in Xenea mining.

As more people participate in Xenea mining, the sustainability of the network increases. Mining participants will receive XENE, the native token of Xenea, as an incentive to contribute their resources to the network. XENE is expected to have a variety of utilities within the Xenea ecosystem, including:

Network Currency: Used for transaction fees and network usage fees.

Governance: Used by holders and their agents to exercise governance over proposals in the future (e.g., parameter changes, protocol upgrades, etc.).

Block Rewards: Rewards are used to protect the network and support the VPoW consensus that validates transactions on chain. Escrow and voting nodes receive XENE rewards as an incentive to continue to secure the network. Incentives for DACS nodes that provide storage are also allocated from block rewards. Rewards to these network participants are newly issued according to rules encoded in the protocol, increasing the supply of tokens up to a defined issuance limit.

Collateral for DACS: Used as collateral to become a DACS node, which is on-chain storage; to operate a DACS node, node operators are responsible for staking XENE and storing data.

Rewards for Contributors: Used to reward ecosystem builders and community contributors.

XENE Mining Rewards

XENE Mining Rewards are designed to make the Xenea network sustainable and provide incentives for user participation.

Xenea block rewards include incentives for various network participants, such as node servers and DACS nodes. The rewards system aims to promote the development and expansion of dApps on the Xenea and maintain a healthy, thriving ecosystem.

XENE Mining Reward FormulaXENE Mining Reward Formula

If More than 0, and less than 1.0 then Era will be 0/1

If More than 1.0, and less than 2.0 then Era will be 1/1

If More than 2.0, and less than 3.0 then Era will be 1/2

If More than 3.0, and less than 4.0 then Era will be 1/3

If More than 4.0, and less than 5.0 then Era will be 1/4

If More than 5.0, and less than 6.0 then Era will be 1/5

If More than 6.0, and more then Era will be 1/6

Autonomous Decentralized Node supporting Xenea

In Xenea, the network is designed to work persistently by having multiple nodes fulfill their respective roles. The role description of the node to which each block reward is assigned is as follows:

Item	Node Role Description
Voting Node	By utilizing a node server randomly selected as a Voting node by the Escrow node, the Xenea network ensures the participation in the VPoW mining process.This approach ensures a fair and secure distribution of mining opportunities and helps maintain the integrity of the network.
Escrow Node	Escrow node randomly selects Voting nodes, aggregates the results of its confirmations of the transaction obtained from the Voting node, and determines the validity of the transaction. The Escrow node also functions as an escrow account, helping to prevent the mistake of sending tokens to the wrong party.
DACS Node	DACS node, which stores data within the Xenea ecosystem, receives XENE as a reward through the DACS PoS mechanism based on the amount of storage provided. This incentivizes the maintenance of the autonomous decentralized storage area integrated into the Xenea.

DACS Nodes

The amount of XENEs generated as mining rewards for each mining operation is the number specified in the ERA, which is calculated and derived at regular intervals. The allocation rate of block rewards is determined by applying the number of XENEs derived here to the number of XENEs. The quantity of newly issued XENEs decreases by a certain amount at each half-life.

XENE Mining Rewards for Voting Nodes

XENE mining rewards for voting nodes are designed based on the by-chance concept. A decentralized wallet with an embedded voting auto-reply mining instance code acts as a voting node. Seven voting nodes are selected by the Escrow node at regular intervals, and the voting nodes receive mining rewards by returning their answers to the Escrow node for the authenticity of the transaction.

Allocation of Block Rewards

Node type	Mining Issuance (Coin)	Percentage
Escrow Node	Escrow account	12%
DACS Node	Owner of Storage	80%
Voting Node	Randomly selected node server	8%