XERT TOKEN— Your Web3 Community is waiting
XertiNet's objective is to establish an open, collaborative, and permissionless credential data network. The XERT token plays a pivotal role in this infrastructure, serving as the governance token, encouraging user engagement, and acting as the primary payment token within the XertiNet ecosystem.
You can buy XERT tokens from different platforms and exchanges. By holding XERT, you become an integral part of XERT's Web3 and Decentralized Credentials ecosystem.
How to store XERT and keep it safe?
The XertiNet Wallet is a software application created to securely store your public and private keys, as well as Verifiable Credentials, and facilitate the sending and receiving of XERT Tokens. With our XertiNet Wallet app, you can truly take ownership of your tokens and credentials
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Every XERT token holder can engage in the process through open proposal submissions, voting on network direction, and the election of board members for the XERT Association.
XERT tokens are essential for executing operations on the XertiNet network, encompassing tasks such as creating decentralized identifiers, revoking and anchoring credentials, and establishing schemas for credential structuring.
XertiNet is a unique blockchain network with an advanced token mining mechanism, allowing users to mine using their CPU without the need to worry about their computer's configuration, ensuring equal mining speed for all.
Curators can use the XERT token to indicate the value of a credential data set. Each credential data set will incorporate a revenue stream that will be distributed among credential stakeholders in a pro-rata manner.
XERT Token
Proof of Work
Initialize 100M tokens
Sustainable Token Release Schedule
The XERT tokens' release schedule gradually decreases over time, offering a robust ecosystem with higher rewards in the early years and positioning the network for long-term successMining and Earn
Transactions
XERT can be used to conduct transactions within the XertiNet platform, including exchanging and converting between different types of assets.
Transaction Fees
When performing transactions on the XertiNet network, XERT token can be utilized to pay transaction fees, ensuring security and efficient processing of transactions.
Rewards and Incentives
XERT can also be used to reward and incentivize community activities, contributions to the network, and encourage participation.
Service Fees
XERT can be used to pay for services offered by XertiNet, such as: Creating digital certificates, Blockchain network conversion gateway, Generating NFT certificates, and various premium features.
Tokenomics and Distribution
The XERT utility token is the lifeblood of the XertiNet Protocol. XERT is used to create Digital Certificates, generating NFT certificates and facilitate transactions within the XertiNet Protocol. Fees for interacting with the XertiNet Protocol also cover the cost of storing data on the Internet Computer (IC) blockchain, ensuring the secure and immutable storage of digital assets.
XERT token economy is
described as follow:
Circulating Supply
Approximately 100 million XERT tokens in inital. XERT tokens held by token holders empower individuals and organizations to engage in various network activities, including transactions, validation.
XertiNet Association Treasury
Approximately 52.5 million XERT tokens (53%) constitute the XertiNet Association's Treasury. This treasury is allocated to support the development, marketing, and operations of the XertiNet network. As time progresses, decisions regarding the allocation of the Treasury will transition from the Association's Council to token holders through an open governance mechanism.
Validator Emission Rewards
Approximately 8 million XERT tokens (8%) are allocated for validator emission rewards. These remaining tokens will be gradually mined over time, with 50% used to reward validators for their role in validating blocks and processing transactions, and the other 50% directed to the Treasury for the ongoing management of the network.