اقتصاد توکنی XDC Network (XDC)

The XDC Network is an enterprise-grade, EVM-compatible hybrid blockchain that utilizes the native XDC token as its primary utility asset. The tokenomics are designed to support the network's core functions, including decentralized applications (DApps), cross-border transactions, and the tokenization of real-world assets.

The XDC Network achieves consensus through a delegated proof-of-stake (XDPoS) mechanism, which is highly energy-efficient and resistant to spam attacks. This mechanism is central to the network's operation and the incentive structure for validators.

Issuance Mechanism

The XDC Network employs the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism. While the network is primarily proof-of-stake, validators are required to perform a small amount of proof-of-work (PoW) when proposing a new block. This hybrid approach is designed to make the network highly resistant to spamming while maintaining extremely low energy consumption.

The XDC token is the native digital asset required by masternodes to run the network. The issuance mechanism is tied to the network's operation, where masternodes are incentivized to secure the network.

Allocation Mechanism

The XDC Network's total token supply was allocated across four main categories at the launch of the mainnet. The distribution emphasizes core team commitment, ecosystem growth, and early support.

The total allocation of XDC tokens is broken down as follows:

Note: The total token amount is derived from the stated percentages and the largest allocation amount (15 billion XDC for 40%).

The allocation details highlight the following:

• Founders/Team (40%): This substantial portion was allocated to the founders, advisors, core team members, and the community at the mainnet launch.
• Ecosystem Development (27%): This allocation is dedicated to expanding the ecosystem, including funding bounty programs and supporting new projects.
• Pre-Placement (27%): This share was reserved for exchanges and early investors.
• Treasury (6%): This portion is managed by the XDC Foundation for network maintenance and support.

Usage and Incentive Mechanism

The XDC token serves as the primary utility token within the XinFin Hybrid Blockchain ecosystem, driving both network security and application functionality.

Core Utility and Usage

1. Transaction Fees (Gas): XDC is used to pay for gas fees on the network. These fees are exceptionally low, averaging around $0.00001 or less per transaction, making the network highly cost-effective for enterprise use.
2. Settlement: XDC acts as a means of settlement for decentralized applications (DApps) running on the network.
3. Smart Contracts and Token Standards: The network supports EVM-compatible smart contracts and various token standards, including XRC-20 (fungible tokens), XRC-721 (NFTs), and XRC-1155 (multi-token/semi-fungible tokens).
4. Interoperability: XDC is used in bridging technologies, such as the R3 Corda bridge, enabling the coin to move between the public Corda Network and the XDC Network for settlement purposes.

Incentives and Security

The incentive mechanism is centered on the XDPoS consensus model, which rewards validators for securing the network.

• Staking and Validation: XDC is used to incentivize validators (masternodes) who secure the network. All validating nodes are required to be KYC compliant, and the network includes built-in forensic monitoring to quickly identify and penalize malicious actors.
• Governance: Token holders are enabled to actively participate in network governance, contributing to important decisions and protocol upgrades, promoting a decentralized and inclusive decision-making process.
• Ecosystem Growth: Specific incentive programs are launched to boost network activity. For example, an incentive program was launched to boost Total Value Locked (TVL) by offering APY on XDC staking, with additional rewards for using staked XDC as collateral in lending platforms.

Locking Mechanism and Unlocking Time

The XDC Network utilizes locking mechanisms primarily for core allocations and network security.

Locking and Vesting

The allocation of 40% to Founders/Team and 27% to Pre-Placement suggests that these tokens are subject to vesting schedules, which are standard practice to ensure long-term commitment and prevent immediate market saturation. However, the specific details regarding the vesting schedules, including the locking mechanism (e.g., cliff periods, linear vesting) and unlocking times for the Founders/Team and Pre-Placement allocations, were not available in the provided data.

Slashing Conditions

The network incorporates improved slashing conditions as part of its security measures (XDC 2.0 upgrade). These conditions are designed to swiftly detect and penalize malicious behavior by validators, effectively locking or removing staked tokens from bad actors to maintain the security and stability of the network.

Information regarding the specific vesting schedules, including the locking mechanism and unlocking times for the Founders/Team and Pre-Placement allocations, was not available in the provided data.