TechFlow news: The gaming Layer3 project Xai has released an announcement regarding the upcoming XAI token unlock, clarifying widespread misinformation claiming that as much as 79% will be unlocked. In fact, the Xai team has agreed to re-lock their July-unlocking tokens for an additional six months, reducing the team's unlocked amount from approximately 85 million to about 17.7 million.
The tokens set to unlock in July include:
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Investors: ~72.3 million
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Team: ~17.7 million
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Advisors: ~4.2 million
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DAC: ~5.2 million
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Xai Foundation: ~8.5 million
In total, approximately 107.9 million tokens will unlock in July. Currently, the circulating supply of XAI is around 300 million tokens. This unlock will increase the circulating supply by about 36%, representing approximately 26% of the new total circulating supply. Note that the current total supply stands at 1,473,270,834. Additionally, esXAI is not included in the circulating supply as it is non-transferable.
