Introducing Tari, a New Layer-1 Blockchain From the Monero Team That Hides Transaction Data by Default

A new blockchain developed largely by former Monero contributors is launching as a standalone proof-of-work network that can be mined on Mac and PC computers, boasts playful crypto mining visuals, and has a flagship app called Tari Universe.

The chain, named Tari, is launching with a community of over 700,000 airdrop participants and a new crypto named Tari token (XTM). Its emission model begins with a 21 billion XTM supply, of which 30% is pre-mined, per data from the official website. The rest — 14.7 billion tokens — is reserved for public mining, with rewards decreasing gradually on a per-block basis. A 1% tail emission ensures ongoing miner incentives after the first 12 years.

The pre-mined portion is allocated to infrastructure (9%), community programs (5%), contributors (4%), and early participants (12%), with long vesting periods starting six to twelve months post-mainnet.

The network is powered by a two-token system: XTM runs on the base layer (called Minotari), and XTR operates on the second layer (dubbed Ootle). Users can burn XTM 1:1 to mint XTR via a dynamic “Throttle” mechanism, which adjusts minting costs based on transaction demand and helps manage supply.

The balance between XTM and XTR is designed to become increasingly tighter over time, though how quickly usage builds for the second layer will determine the pace at which the two tokens converge.

Tari’s Universe app is designed to provide a user-friendly interface for interacting with the chain, displaying mining activity in real-time and offering one-click controls to pause or adjust CPU usage. A power usage slider is also included in the app.

“Tari Universe turns your computer into a money machine. It works by harnessing your computer’s computational power to solve blocks on the Tari network,” the team said. “In doing so, you’re helping to secure the Tari network while earning Tari token (XTM) rewards.”

Mining is split between SHA3x and RandomX algorithms, and block rewards are distributed 50/50 between standalone and merge miners.