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Exzo Network Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called IBFT, which aims to offer scalability and stable fees on the network so developers and users can quickly and easily conduct low-cost transactions.
The Exzo Token (XZO) is the native utility token that is used for:
- Fees for processing transactions and storing data.
- Running validator nodes on the network via staking XZO tokens.
- Used for governance votes to determine how network resources are allocated.
Exzo Network's tools include:
EXZO SDKs which includes standard data structures and testing tools for Solidity and compatibility with the EVM.
Exzo Wallet that lets application developers create streamlined user experiences.
Exzo Explorer to aid with both debugging of contracts and the understanding of network performance.
Exzo Command Line Tools to allow developers to deploy applications from local environments.
Exzo Network's decentralized exchange (DEX).
Exzo Network's multi-chain NFT marketplace.
How Many Exzo Tokens (XZO) Are There in Circulation?
Exzo Network launched its testnet & mainnet beta on September 27, 2022 with 800 Million Exzo tokens created at genesis.
Token Distribution Break Down:
20% goes to the founding team members.
10% goes to the initial exchange offering or initial liquidity offering.
20% goes to the treasury
2% goes to philanthropy.
3% goes to Airdrop rewards.
5% goes to bug bounty rewards.
40% goes to other endeavors such as partnerships, exchange listings, staking rewards, and burning events.
Exzo Token (XZO) - Native blockchain token, governance and utility token.
ExzoCoin 2.0 (EXZO) - Membership token, governance and utility token.
Wrapped Exzo Token (WXZO) - Wrapped version of our native blockchain token.
Exzo Stable Coin (USDX) - An algorithmic stable coin for the Exzo Network ecosystem.
Who Are the Founders of the Exzo Network?
The Exzo Network is the brainchild of developers Stefan C. and Quinton P., both of whom have extensive experience in software development, programming, and blockchain technology.
The two met while Stefan was looking for additional blockchain developers in the U.S. and in September 2022 began work on a project which focused on allowing developers to build and release software with less friction.
This project became what is now the Exzo Network, and employs more than 10 staff/contractors, including developers with experience at other notable blockchain companies or DeFi projects.