XBI 2020 halving approaching!
“One of the most exciting events in crypto history is expected to happen this April”
3 Things you should know…
1. What is the Bitcoin Incognito halving*?
The event marks a major threshold in the XBI network as it reduce the newly minted XBI coins by half.
The halvings are hard-coded as a diminishing cycle of progressively halvened emissions of masternode and staking rewards.
XBI halvings occur at consecutive and pre-determined inflection points, as written in the code to cut down the inflation, confirming the core value of the asset, as we eventually hit the max supply of 21,000,000 coins.
With the 2020 halving, the XBI Block rewards drop by 50% from 10xbi per block to 5 XBI per block!
2.When is the exact day of the halving?
The halving is Scheduled at Block number 1,009,761, which is expected to occur around
10th of April.
Which means,that people who are interested in the XBI protocol and Decentralised Autonomous Organisation (DAO) , have about 2 months to achieve maximum benefit accumulating the higher Block rewards (8.5 XBI for masternode, 1.5xbi for staking)
However the exact day may vary. As we expect the launch of XBI 2.0 to happen sometime Q1, the halving day may occur a few days later due to the Fair launch of the New chain. Most likely we will have around 5 days with 0 rewards to let everybody switch (a Fair start).
“XBI Inflation goes down…! “
3. Inflation, supply & Market dynamics
This event, which is an integral part of XBI’s fundamental structure, leads to a drastic inflation reduction that is widely thought to be bullish.
“Newly created coins will drop from 14400 to 7200 XBI per day! ”
Unlike Bitcoin, in XBI we have the majority of the holders actually participating in the network by running masternodes or staking (soon voting too) . This leads to a huge % of the supply being locked at the first place.
“Currently around 50% of the XBI supply is already locked “
Second, the halving cuts down the newly created XBI by 50%, making the asset even more scarce.
Third, with the aim of connecting XBI to the Ethereum DeFi infrastructure, the opportunities aka usecases will most likely grow. (for example using XBI as a collateral), locking even bigger % of the supply!
With a small circulating supply, huge % locked coins and inflation drop incoming, XBI is set for a promising 2020 as we are closer and closer to XBI 2.0 launch !
*halving = halvening. In this article we will use halving, but both are acceptable.
