What is the issuance and circulation of XEC coins?

The XEC coin, issued during a Bitcoin Cash hard fork in July 2023, has a total supply of 21 quadrillion, with an initial distribution that allocated 18 quadrillion to BCH holders and reserved 3 quadrillion for future development.

Oct 24, 2024 at 03:06 pm

Issuance and Circulation of eCash (XEC) Coins

1. Initial Issuance

• XEC coins were initially issued on July 1, 2023, following the Bitcoin Cash (BCH) blockchain hard fork.

2. Total Supply

• The total supply of XEC is 21 quadrillion (21 × 10^15).

3. Initial Distribution

• Of the total supply, 18 quadrillion (18 × 10^15) XEC coins were allocated to BCH miners and holders at a ratio of 1 XEC for every 1 BCH.
• 3 quadrillion (3 × 10^15) XEC coins were reserved for future development, marketing, and ecosystem growth.

4. Mining Emissions

• New XEC coins are issued through a mining process.
• Miners receive block rewards for successfully validating new blocks on the XEC blockchain.
• The block reward is initially set at 12.5 XEC coins per block and halves every 630,000 blocks (approximately every 6 months).

5. Circulation

• As of [insert date], the circulating supply of XEC is approximately [insert value] coins.
• This figure represents the portion of the total supply that is actively traded and held by users.

6. Token Distribution

• The allocation of XEC tokens by wallet type as of [insert date]:

  • Exchanges: [Insert percentage]%
  • Wallets: [Insert percentage]%
  • Staking: [Insert percentage]%
  • Other: [Insert percentage]%

7. Volatility and Price Fluctuations

• The price of XEC, like other cryptocurrencies, is subject to market forces and can fluctuate significantly.
• Factors influencing XEC's price include overall market conditions, supply and demand, investor sentiment, and regulatory developments.