XenonNetwork - Massively Distributed EOS Altchain - XNN
Update: 21st December 2017 - Whitepaper Updated - 2nd revision released with details regarding developer focused airdrop, block producer airdrop http://xenon.network/wp-content/uploads/2017/09/xenon-whitepaper.pdf
Update: 1st December 2017 - Next phase of distribution: - We are currently finalizing details for the next phase of token distribution. As well as the BTC holder airdrop, we have broadened the scope of the distribution, and will be distributing tokens to:
- Potential Developers - we see developer engagement as the most important factor for a smart contract platform.
- Block Producers - we plan to use our tokens to help incentivize a minimum of 21 solid block producers to maintain the blockchain. Having high quality, well-funded, well-incentivized block producers ensures the stability of the network
- Partner Projects - we are in discussions with several existing post-ICO projects, many focused on the Ethereum blockchain. Limitations of the Ethereum network have resulted in many projects being non-viable on the Ethereum blockchain in its present form, and we are looking at incentivizing existing projects to migrate to our blockchain using XNN token airdrops for existing holders of other native tokens. If you are involved in a project matching this description, please contact us to discuss further.
Update: 14/11/17 - http://www.digitaljournal.com/pr/3563578 - Massively Distributed Blockchain XenonNetwork Most Widely Held Ethereum Token – Over 757,000 Holders
Update: 14/11/17 - Ethereum Network Airdrop complete - XenonNetwork is now the most widely held ethereum token - over 757,000 addresses hold Xenon. “We believe that distribution and adoption are the most important factors determining the success of a blockchain project. We are determined to have this token in the hands of as many people as possible at the launch of the blockchain in 2018. Already, our token is seven times more widely held than the EOS ERC-20 token, and we are excited by the potential of our future plans to continue this massive dissemination.” said Andrew Kong, Cofounder of XenonNetwork.
Update: 27/10/17 - Airdrop in progress - 310,000 addresses airdropped so far - now listed on https://coinmarketcap.com/currencies/xenon/
Update: 23/10/17 - ETHEREUM AIRDROP COMMENCED - airdrop of XNN tokens to >750,000 Ethereum addresses with >0.1 ETH at time of snapshot earlier this month has begun
- Track progress of the airdrop: https://etherscan.io/token/0xab95e915c123fded5bdfb6325e35ef5515f1ea69
- Total XNN tokens to be airdropped: 300000000.0000000000
- Largest ETH holding address will receive: 4327.0780497004477001 XNN
- Addresses holding ~0.1 ETH will receive: 27.699642598250537994 XNN
- This is a distribution that proportionally favors smaller holders as it suits our goal of widespread distribution over absolute proportionality
Exchanges Added:
https://etherdelta.com/#XNN-ETH
https://mercatox.com/exchange/XNN/ETH
https://mercatox.com/exchange/XNN/BTC
Update: ETHEREUM AIRDROP - Ethereum Network Snapshot Complete.
- Addresses with more than or equal to 0.1 eth will receive a proportional amount of XNN tokens in the next week
- This will not be directly proportional but will be a diminishing function whereby small holdings receive more
- Around 750,000 ethereum addresses will receive the token
- Some large addresses such as those held by large exchanges or wallet providers may be excluded from the airdrop
- We make no guarantees or promises as to the structure or fairness of the airdrop
- The time taken for distribution will be dependent on ethereum network traffic and gas prices
Why Create an EOS Altchain?
- EOS promises an innovative, high-throughput enterprise blockchain
- The development team are well funded and have a proven track record
Shortcomings of the EOS Project:
- ICO-derived launch will exclude EOS from many popular exchanges
- Distribution is limited to the small number who are buying into the ICO
The Solution:
- A massively airdropped EOS alt-chain, distributed over the next 9 months as an ERC20 token, converting to tokens on an EOS alt-chain at the time of EOS launch -~July 2018
- EOS project have declared that they will not be involved in launching a network, only in producing the open-source code. Responsibility for launching the blockchain lies with the community
- Our aim is to be the primary, dominant chain at the time of launch due to wider distribution, stronger community and better developer engagement, as well as decreased regulatory risk by avoiding an initial coin offering
The Proposed Airdrop:
- Total tokens 1,000,000,000 XNN - 70% airdropped:
- 300,000,000 XNN proportionally airdropped to all ether addresses with >0.1 ether
- 300,000,000 XNN airdropped to developers, bitcoin holders and holders of tokens from other projects with potential synergies
- 100,000,000 XNN airdropped to block producers
- Much of the remaining XNN will be used in social media/bounty/referral campaigns and developer incentives
Roadmap:
- September 2017: Social media/bounty/referral campaigns begin
- October 2017: Ethereum network-wide airdrop
- November 2017: Bitcoin proof-of-holding airdrop
- October 2017 to June 2018: Web-based airdrop via proof-of-individuality
- July 2018: Conversion of ERC20 XNN tokens to Xenon coins on newly-launched blockchain
Social Media:
- Slack
- Reddit to follow
- Social media/bounty/referral campaigns to follow
We Are Currently Looking for Partners for the Project. If you believe you have skills/qualifications/contacts which could add value, we would love to hear from you. Post in this thread or private message us for more information.