Token Distribution

XCN Token Emissions Release Schedules

Release Schedule

XCN is released monthly from two smart contracts.

• 200 million from XCN Treasury

• 200 million from XCN DAO

XCN Treasury

The XCN Treasury release is governed by a time-locked smart contract designed to release a fixed amount of tokens over time in a predictable and transparent manner. Specifically, 200 million XCN tokens are unlocked every 30 days—defined as one epoch—until the scheduled conclusion of the emission period in March 1, 2030. These periodic token releases are intended to support the ongoing development, growth, obligations and sustainability of the Onyx ecosystem.

XCN DAO

The XCN DAO operates through a separate smart contract that governs the distribution of tokens tied to community governance and user rewards. Like the Treasury, the DAO is subject to the same 200 million XCN per month release cap. However, the actual release of tokens from this contract is conditional:

• Tokens are only distributed when users claim staking or governance rewards, or

• When an Onyx Improvement Proposal (OIP) is deployed and executed onchain.

Importantly, any unused allocation rolls over into the next month. For example, if only 100 million XCN are claimed or utilized in June, the remaining 100 million will be added to July’s allocation, allowing up to 300 million XCN to be distributed that month.

This structure ensures controlled token emissions while allowing flexibility for ecosystem participation and governance engagement to scale over time. With the current emission rate of 2,440,000 million XCN released daily as staking rewards, the XCN DAO allocation will be concluded on October 2028.