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  • Tokens
  • eCash (XEC)

    10/17/2025 04:00 UTC

    $0.04 146

    % Today
    1.17%

    Unlock Schedule

    eCash (XEC) Token Unlock & Vesting Schedule

    The unlock chart above provides a clear visual overview of the eCash (XEC) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence XEC price performance.

    Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

    Tokenomics & Utility

    Supply and issuance

    eCash keeps Bitcoin’s genesis and supply schedule but redenominates units for usability. Because 1 legacy “coin” equals 1,000,000 XEC “bits,” the fixed cap translates to 21 trillion XEC, mirroring Bitcoin’s 21 million coins in satoshi terms. The project emphasizes no pre‑mine or insider allocations, and most supply has already been mined under PoW. Halvings follow the Bitcoin cadence. (e.cash)

    Block reward allocation

    Each block’s coinbase includes the miner’s base subsidy plus protocol‑defined outputs. Since the staking upgrade, a portion of the subsidy goes to the staking reward winner selected by the Avalanche process. The protocol also implements a transparent miner‑fund output defined in the node’s block‑template rules. (e.cash)

    What XEC is used for

    • Transaction fees on the eCash blockchain
    • Staking to run Avalanche nodes and participate in network policy mechanisms
    • Token minting (eTokens) and NFT creation
    • Payments, tips, remittances, and merchant settlement
    • Liquidity and trading in ecosystem apps and DEXes

    People often check XEC price to gauge momentum, but eCash tokenomics—fixed cap, predictable issuance, non‑custodial staking, and low fees—are the keystones for long‑term utility and network effects. (e.cash)

    Assumptions

    • 1 coin = 1,000,000 XEC after redenomination; total cap remains 21,000,000 coins = 21,000,000,000,000 XEC.

      Official materials describe redenomination to two decimals with 21 trillion base units; supply cap unchanged.

    • Staking rewards modeled as 10% of block subsidy (new issuance), excluding the 10% share of transaction fees.

      Official blog states 10% of coinbase (subsidy + fees). Fees are not new issuance; for supply modeling we apply 10% only to subsidy.

    • Block counts for the partial 6.25-coins era after 2023-11-15 until the 2024-04-15 halving are estimated using 144 blocks/day.

      Exact activation is timestamp-based (MTP) and explorer height at activation is not explicitly published; estimation ensures monthly-linear modeling while keeping totals consistent.

    • Miner Fund rate assumed to remain at 32% and Staking at 10% for all future halvings.

      These are enforced by policy/Avalanche post-consensus and can change via future upgrades; no official change has been announced as of 2025-10-15.

    • Future halving dates set approximately on 4-year cadence from 2024-04-15 for monthly linearization.

      eCash upgrades and halvings are time/height-based; exact dates depend on network conditions.

    • No premine, investor or team TGE allocations exist; all XEC enters circulation via block subsidy (miners, miner fund, and staking outputs).

      Official communications emphasize no premine/insider allocations and PoW issuance with protocol-level miner fund and staking outputs.

    Allocations

    PoW Block Rewards (Miners)
    96.73%
    Percentage of total token supply
    80%
    How certain we are about this information
    20,313,062,000,000 tokens
    Linear vesting: Jan 3, 2009 - Nov 28, 2012 (monthly)
    50 coins per block (Bitcoin-style subsidy). 1 coin = 1,000,000 XEC. 100% of subsidy to miners.
    Linear vesting: Nov 28, 2012 - Jul 9, 2016 (monthly)
    25 coins per block after first halving. 100% to miners.
    Linear vesting: Jul 9, 2016 - May 11, 2020 (monthly)
    12.5 coins per block after second halving. 100% to miners.
    Linear vesting: May 11, 2020 - Nov 15, 2020 (monthly)
    6.25 coins per block after third halving, prior to eCash split. 100% to miners up to fork height.
    Linear vesting: Nov 15, 2020 - Nov 15, 2023 (monthly)
    6.25 coins per block; eCash 'miner fund' policy active at 8% of block reward, so miners receive ~92%.
    Linear vesting: Nov 15, 2023 - Apr 15, 2024 (monthly)
    6.25 coins per block; after Nov 15, 2023, 32% to Miner Fund and 10% to Stakers by policy; miners receive ~58% of subsidy in this partial period until halving.
    Linear vesting: Apr 15, 2024 - Apr 15, 2028 (monthly)
    3.125 coins per block after halving at height 840,000; policy continues with miners receiving ~58% of subsidy.
    Linear vesting: Apr 15, 2028 - Apr 15, 2032 (monthly)
    1.5625 coins per block; miners receive ~58% under current policy.
    Linear vesting: Apr 15, 2032 - Apr 15, 2036 (monthly)
    0.78125 coins per block; miners receive ~58% under current policy.
    Linear vesting: Apr 15, 2036 - Jan 1, 2140 (monthly)
    Aggregate of remaining halving tail (from 0.390625 coins per block onward) through subsidy exhaustion; miners receive ~58% under current policy.
    Protocol Treasury (Miner Fund via Coinbase Rule)
    2.58%
    Percentage of total token supply
    82%
    How certain we are about this information
    542,008,000,000 tokens
    Linear vesting: Nov 15, 2020 - Nov 15, 2023 (monthly)
    Infrastructure funding policy initially set at 8% of block reward (subsidy) after the Nov 15, 2020 split; paid to protocol-designated address(es).
    Linear vesting: Nov 15, 2023 - Apr 15, 2024 (monthly)
    Policy increased to 32% of block reward as of Nov 15, 2023; partial 6.25-coins era remainder until halving.
    Linear vesting: Apr 15, 2024 - Apr 15, 2028 (monthly)
    32% of subsidy during 3.125-coins era.
    Linear vesting: Apr 15, 2028 - Apr 15, 2032 (monthly)
    32% of subsidy during 1.5625-coins era.
    Linear vesting: Apr 15, 2032 - Apr 15, 2036 (monthly)
    32% of subsidy during 0.78125-coins era.
    Linear vesting: Apr 15, 2036 - Jan 1, 2140 (monthly)
    Aggregate of remaining halving tail under 32% policy.
    PoS Staking Rewards (Avalanche Staking via Coinbase)
    0.69%
    Percentage of total token supply
    85%
    How certain we are about this information
    144,930,000,000 tokens
    Linear vesting: Nov 15, 2023 - Apr 15, 2024 (monthly)
    Staking reward introduced Nov 15, 2023: 10% of coinbase (we model 10% of subsidy for supply since fees do not create new supply). Partial 6.25-coins era remainder.
    Linear vesting: Apr 15, 2024 - Apr 15, 2028 (monthly)
    10% of subsidy during 3.125-coins era.
    Linear vesting: Apr 15, 2028 - Apr 15, 2032 (monthly)
    10% of subsidy during 1.5625-coins era.
    Linear vesting: Apr 15, 2032 - Apr 15, 2036 (monthly)
    10% of subsidy during 0.78125-coins era.
    Linear vesting: Apr 15, 2036 - Jan 1, 2140 (monthly)
    Aggregate of remaining halving tail under 10% staking policy.
    Last Updated: 10/15/2025 12:58 UTC

    Description

    #259

    XEC is the native token of ecash, an open-source blockchain and cryptocurrency project that focuses on offering a secure and scalable payments solution. XEC supports low-cost transactions, as well as optional anonymity through CashFusion.

    Sector: Payments
    Blockchain: Other L1
    2021
    POW