Xion (XION)

Tokenomics & Utility

The token was created as XION with an initial supply of 200 million at the December 2024 launch. Its public name and ticker later changed to VERONA on a one-for-one basis. The rename did not create a second network or require holders to move their native balances to a new contract. Some technical identifiers still contain the older name, including the on-chain denomination uxion. (xion.burnt.com)

At launch, 25,559,333 tokens were unlocked. The remaining 174,440,667 were placed under a published 48-month unlock schedule. Those figures describe the original distribution. They do not make the initial supply a permanent cap: the proof-of-stake system also has a minting mechanism whose parameters can be changed through network governance. (xion.burnt.com)

The native token has three central network roles. People can stake it with validators to help secure the chain, use it in governance, and pay for network activity. Holders may delegate tokens to a validator, while validators process transactions and take part in maintaining the ledger. Because apps can sponsor users’ fees, someone using a Verona-based service may interact with the network without handling the native token for each action. The project also describes an economic model tied to activity from applications, business verification, and agent-driven services. (xion.burnt.com)