Xanon – No IPO, Premine Or Developer Fund With Big Coin Supply

Time to look at some more new coins, as people keep sending in requests, and we try to oblige. Xanon (X Anon) was only ninja launched 2 days ago, but it seems they have gotten a big amount of attention already. Are you curious?

There are quite a few things about Xanon that might either upset you, or make you cheer. From what I can see, this is done by design, so we’ll have to wait and see how it all plays out. Let’s start with some general good facts.

For starters, Xanon is one of those rare breed digital currencies which do not have an IPO nor a pre-mine. There is also no “when you mine a block a certain percentage gets sent to the developer fund” BS going on. No unpleasant surprises so far!

Xanon will have an estimated coin supply of, and you are not reading this wrong, 1,555,200,000 XAN. A total of 10,080 blocks will be mined over the span of seven days. Staking interest is earned at a rate of 1% per annum.

For full disclosure, I have copied Xanon’s technical specifications below :

Total coins : 1,555,200,000 * Estimated

PoW timespan : 7 days

Algo : X11

Sticker: XAN

Pre-mine : none

IPO : none

Mining will stop after 10080 blocks (7 days)

PoS minimum stake age: 6 hours

Block time: 60 seconds

PoS 1%

Minimum age 6 hours

Max age :

PoW block reward:

Block 1-1440: 500,000 XAN

Reward Block 1441 — 2880: 250,000 XAN

Reward Block 2881 — 4320: 120,000 XAN

Reward Block 4321 — 5760: 100,000 XAN

Reward Block 5761 — 7200: 60,000 XAN

Reward Block 7201 – 8640: 30,000 XAN

Reward Block 8641 10080: 20,000 XAN

Further development plans for Xanon will be unveiled once the Proof-of-Work stage has ended. It is unclear what we can expect at the moment, but apparently multiple whitepapers will be published. We will keep an eye out for updates.

As far as exchanges go, you can trade Xanon at the BitTrex exchange.

You can find out more about Xanon by using the following sources :

Xanon website : http://www.xanoncoin.com/

Xanon on BitcoinTalk : https://bitcointalk.org/index.php?topic=689866.0

Xanon on Twitter : https://twitter.com/xanoncoin

Xanon on Reddit : http://www.reddit.com/r/xanoncoin/

Xanon donations : LRP6ydpTgDeqYfaHt6UM1jdtSjKfm1rodh