Following the change in emissions after the first halving, we would like to present a clear and up-to-date account of X2Y2’s circulating supply.
The numbers below are matched with the numbers of the addresses in the image above.
NFT Listing Rewards contract: 172.22M X2Y2. These tokens were pre-minted to serve as listing rewards, and are not currently tradable. To date, 7.3M have been distributed, while 11M tokens were unallocated as there were not enough listings to claim them; these will be burned.
Staking Rewards contract: 132.77M X2Y2. These tokens are staked by individual holders; they are unlocked and tradable.
Unclaimed X2Y2 airdrop: 92.00M X2Y2. From a starting allocation of 120M tokens to be airdropped at the launch of the project, 77% remain unclaimed. For more detail, see Dune Analytics. We will be changing the requirements for claiming the airdrop. New rules will be based on listing rewards V2. Old rules such as listing 5 collections or 50 NFTs will no longer be required.
Reward Forwarder contract: 78.40M X2Y2. This smart contract is what we use to burn the unallocated Listing Rewards. Tokens will flow to this smart contract before being diverted to either the burn address 0x…dead or the Listing Rewards contract (1).
X2Y2 Treasury: 56.49M X2Y2. All tokens are currently locked. The first tranche will unlock on day 90, and will be used in support of the project, details of which will be provided to the community. See the emission schedule here.
X2Y2 Team: 56.49M X2Y2. All tokens are currently locked. The first tranche will unlock on day 180. See the emission schedule here.
Uniswap AMM contract: 16.94M X2Y2. Tokens supplied as liquidity on Uniswap.
ILO contract: 14.43M X2Y2. These tokens will be unlocked and distributed linearly across the first 360 days.
X2Y2 Safe Multisig wallet: 5.00M X2Y2. These tokens were originally earmarked for LP staking, but since that has proven unnecessary, they will be burned along with those from (1).
Token Splitter contract: 1.39M X2Y2. This contract is in charge of minting X2Y2 and distributing them to other contracts.
Total Circulating Supply
At the time of writing, the circulating supply is effectively the sum of (2) and (7) above, i.e. approximately 149.7M x2y2
Total Burn Amount
Approximately 16M x2y2 will be burned, representing more than 10% of the circulating supply.
We’ll announce the date for the X2Y2 token burning event soon.