🚀 ExSat Mainnet Launch Set For October 23 With Fair Token Distribution
#ExSat #MainnetLaunch #TokenDistribution #GovernanceToken #XSAT #BTCMining #Tokenomics #HalvingMechanism #NodeManagement #CommunityContribution
According to BlockBeats, the large-scale BTC infrastructure project exSat is scheduled to launch its mainnet on October 23. The exSat project team has adopted a fair launch token issuance method. Alongside the mainnet launch, the governance token XSAT will be released in sync with BTC mining, with no pre-mining or team reserves.
The official whitepaper states that a total of 21 million tokens will be released, with each BTC block producing 50 XSAT tokens. Additionally, exSat's tokenomics incorporate a halving mechanism, reducing the token output by half every 210,000 blocks.
The exSat Foundation will receive node-donated tokens through a Donation method, which will be recorded in a smart contract, introducing a new node management model. Internal sources reveal that the Donation ratio can be set by nodes between 10% and 30%, directly reflecting on the mainnet's community contribution value.#ExSat #MainnetLaunch #TokenDistribution #GovernanceToken #XSAT #BTCMining #Tokenomics #HalvingMechanism #NodeManagement #CommunityContribution
🚀 Qvod Founder Wang Xin Clarifies Stance On Cryptocurrency
#WangXin #Qvod #Cryptocurrency #Web3 #FAIR3 #TechnologicalFairness #SOL #Blockchain #CommunityContribution #AIInitiatives
According to Foresight News, Qvod founder Wang Xin reiterated on Twitter that Qvod does not belong to him personally, and he will not issue any cryptocurrency or benefit from such actions. He emphasized that any tokens issued under his or Qvod's name are unrelated to him and should not be trusted. Wang Xin expressed his interest in the vision of FAIR³ on GitHub, which aligns with his advocacy for technological fairness.
Today, Wang Xin stated that he has always participated in Web3 with a learning attitude and supports tokens like FAIR³ that promote technological fairness. As mentioned in a previous AMA, although he will not issue personal tokens, he is committed to contributing to technological fairness. He has purchased 200 SOL, with half of the tokens allocated to a fund supporting technological fairness and AI-related initiatives. Wang Xin also plans to consider how to genuinely contribute to the community and invites collective brainstorming to advance these efforts.#WangXin #Qvod #Cryptocurrency #Web3 #FAIR3 #TechnologicalFairness #SOL #Blockchain #CommunityContribution #AIInitiatives