XenonNetwork, a business-scale Blockchain that starts in July 2018, begins a massive distribution of its compatible Xenon (XNN) ERC-20 tokens to more than 400,000 active Ethereum addresses in early October. In addition to this, a distribution similar to bitcoin bifurcations will occur in November, followed by a test of individuality the public distribution of the token from November to June 2018.
"The EOS project involves a trained team that develops the most innovative and high performance business blockchain in the world, but the recent regulatory issues related to the initial offers of currencies in China and the United States, as well as the limitations of the model The distribution of crowd sales can create potential obstacles to the adoption of the project, and we present a massively distributed alternative implementation of the EOS project that avoids these limitations, "said Andrew Kong, co-founder of XenonNetwork.
The organization proposes to distribute the Xenon tokens in the following manner: - 30% of the Xenon tokens will be distributed to Ethereum addresses containing the value of at least 0.1 Ether in early October. - 20% of the Xenon tokens will be distributed to the holders of bitcoin based on possession tests in November. A further 20% of Xenon tokens will be distributed using individuality testing mechanisms to encourage the widespread circulation of tokens.
In July 2018, these ERC-20 tokens will be redeemable for native tokens in the new blocked chain.