Initial Supply and Network Launch Phases

• Initial Supply: Starting with 50 XSAT per block, the reward will halve at the end of each period to manage inflation and sustain the economic viability of the mining incentives.

• Network Initialization and Launch: The network launch is structured into three phases: initialization, network launch, and the commencement of staking XSAT.

  • Initialization: The initial phase involves the exSat Foundation synchronizing historical data of the first 840,000 blocks as a snapshot, without incentive, to kickstart network operations.

  • Network Launch: Upon completing this phase, the exSat network will officially commence the real-time synchronization of raw BTC block data. This process enables the continuous reception and processing of the latest raw block data from the Bitcoin blockchain, allowing it to discover and validate UTXOs and other types of crypto assets. Concurrently, the mining reward mechanism on exSat will also officially begin. Before the commencement of staking XSAT, there will be no additional staking requirements outside of the minimal 100 BTC threshold for validators.

  • The Commencement of Staking XSAT: Approximately 6 months after the halving event, staking for XSAT will commence. Only the top 21 XSAT stakers by staked amount (as long as they continue to meet the minimum 100 BTC staking threshold) will become valid validators, enabling them to participate in signing and earn rewards.