Mining XENE with VPoW
The Xenea provides mining rewards to network contributors through a proprietary consensus algorithm, VPoW (Voting Proof of Work).
Mining rewards are paid for contributions to consensus and for contributions to storage. The former encourages escrow and voting nodes to accelerate network decentralization and enhance security. The latter encourages DACS node operators to store data for extended periods of time with responsibility.
Mining for XENE will begin with the mainnet launch of the Xenea. The token quantity allocated for mining rewards is 631,152,000 XENE, where no additional tokens will be issued.
Mining Rewards Distribution Ratio
There will be multiple nodes supporting the Xenea. Mining rewards are allocated to each node as each block is generated every minute. The distribution ratio of mining rewards is as follows:
Table 1: Mining Rewards Distribution Ratio
| Node Type | Distribution Ratio | Description |
|---|---|---|
Escrow Nodes | 12% | Approve a transaction based on the results of Voting Nodes |
Voting Nodes | 8% | Nodes that vote True/Not-True for each transaction |
DACS Nodes | 80% | Nodes that manage data for on-chain storage |
Halvenings
In order to control over-inflation of XENE, VPoW block rewards of XENE will have a half-life of every two years. For the first two years after mainnet launches, block rewards generated per minute is 300 XENE and will be halved every two years thereafter; mining of XRC will continue until all 631,152,000 XENE allocated as mining rewards have been mined and issued.
The following table displays the amount of XENE generated in the first 10 years of the Xenea mainnet since its inception, which will exhaust 96.88% of total block rewards.
Table 2: Amount of XENE issued through mining (first 10 years)
| Year | Reward Amount per Block (XENE) | Annual Amount Mined (XENE)* | Cumulative Amount Mined (XENE) |
|---|---|---|---|
1 | 300 | 157,788,000 | 157,788,000 |
2 | 300 | 157,788,000 | 315,576,000 |
3 | 150 | 78,894,000 | 394,470,000 |
4 | 150 | 78,894,000 | 473,364,000 |
5 | 75 | 39,447,000 | 512,811,000 |
6 | 75 | 39,447,000 | 552,258,000 |
7 | 37.5 | 19,723,500 | 571,981,500 |
8 | 37.5 | 19,723,500 | 591,705,000 |
9 | 18.75 | 9,861,750 | 601,566,750 |
10 | 18.75 | 9,861,750 | 611,428,500
|
*The year is calculated as 365.25 days, taking into account the current leap year (2024).
Chart 1: Amount of XENE issued through mining (first 20 years)
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