Ixian Documentation Welcome to Ixian Documentation Pages, here you can learn more about Ixian and how to get started quickly!

IxiCash Details

Offering a strong incentive to run Ixian Nodes is essential in maintaining the Ixian network. This incentive arrives in the form of IxiCash, a cryptocurrency designed for micro transactions. Using IxiCash you are able to send money to friends and pay for premium content. Whether you are providing tech support, performing a live show and broadcasting it to paying viewers, you can charge a service fee in IxiCash.

Premine

Genesis block (#1) contains 7 transactions that can be considered as pre-mine:

The genesis funds or the so called premine amounts to roughly 2 billion IxiCash (2,000,320,000), of which 1 billion is locked as a team reward for a vesting period of 5 years (20% to be released at the end of each year). The other 1 billion IxiCash is intended for funding further development and all other important activities.

Total inflation

A hybrid IxiCash distribution model is in place. For initial distribution, mining seems to be the best way for various reasons. As more users set up their nodes, the network itself will become more resilient against attackers and increase its capability for handling large numbers of users. This means that more users will participate in the distribution of IxiCash as well. After a sufficient amount of IxiCash has been mined, the mining mechanism will be permanently switched off and new currency will only be generated through other means.

The Ixian economy differs substantially from what we are used to in the crypto space. Most cryptocurrencies out there rely on a capped supply and smaller and smaller emissions over time to increase value for investors and early adopters, whether it be PoW related with reducing block rewards or PoS. We have decided to start with a minimum supply and gradually increase the rate of new IxiCash generated for the first 1802000 blocks (roughly two years), the idea here is to have a more even distribution of IxiCash among miners/users. On block #105120000 (roughly 100 years), mining will stop and we expect the total supply at that point to be about 21 billion IxiCash. After block #105120000, the only way to generate new IxiCash is by running a Master Node, which will inflate the total supply at 36 IXIs per block (or 38 million IXIs per year). By not capping the supply after 21 billion IxiCash in circulation, we are trying to compensate for coins that get lost over time (i.e. by users losing their keys, sending to invalid addresses, …).

For IxiCash emission charts and other details visit https://explorer.ixian.io/?p=emissions.

Mining only inflation

The target mining inflation rate is as follows (you must include a 50% target ratio between solved and unsolved blocks when doing inflation calculations. Only every 2nd block should be solved on average):

Masternode/Signing only inflation

Each masternode that signs a newly generated block receives a portion of the signing reward and a portion of the transaction fees. Signing reward and transaction fees are split between all signers of the block (up to 1000) equally.

Signing inflation rate is as follows:

This effectively means that after a certain period of time, and sufficient amount of IxiCash is generated, the staking reward will be locked. This way we will replenish the supply to compensate for lost coins, but not over inflate the circulating supply. By setting the inflation rates at these levels, we are ensuring the long term sustainability of the Ixian platform.

Transaction Fees

Transaction fees are collected by masternodes when the transaction is added to the block and the block is accepted by the Ixian network.

At the time of writing minimum transaction fees are set to 0.00005000 IXI per kilobyte of data.

Cookies Policy

To make this site work properly, we sometimes place small data files called cookies on your device. Most big websites do this too.

I ACCEPT READ MORE