What is the issue price of XCH coin? Introduction to the issue price and issue quantity of XCH coin

Chia Network's XCH coin has no fixed issue price and its total issuance is capped at 23,452,949,235 coins, divided into pre-farm allocation and coins earned through farming.

Oct 25, 2024 at 09:29 am

Issue Price and Quantity of XCH Coin

Chia Network's XCH coin, launched in 2021, has a unique issuance mechanism. Here's a breakdown of its issue price and quantity:

1. Issue Price:

XCH coin does not have a fixed or pre-determined issue price. Its value is determined by the market forces of supply and demand on cryptocurrency exchanges.

2. Issue Quantity:

The total issuance of XCH is capped at 23,452,949,235, which is divided into two main categories:

• Pre-farm: 21,000,000 XCH: These coins were pre-mined by Chia Network and allocated to the project's founders, developers, and investors.
• Public Distribution: 2,452,949,235 XCH: These coins are earned through the blockchain's proof-of-space protocol, known as "farming."

3. Farming XCH:

Farming XCH involves using specialized computers with vast storage capacity to participate in the network's space-based consensus algorithm. Farmers allocate storage space to the network, and when new blocks are created, rewards are distributed to the successful farmers.

4. Issue Schedule:

The release of XCH coins is gradual and follows a predetermined schedule:

• Initial Block Reward: 32 XCH per block
• Halving Events: Every three years, the block reward is halved. The first halving occurred in March 2023, reducing the reward to 16 XCH per block.
• Final Block Reward: The network's inflation rate will decrease over time and eventually reach a steady state of approximately 2.5%.

Note: The price and availability of XCH coin can vary significantly over time, and market conditions can impact its value.