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BTC: 21,000,000.000,000,00 | BTC: 21,000,000.000,000,00 | ||||
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eCash also follows that same halving schedule as Bitcoin, with reward halvings occurring every 210,000 blocks. | eCash also follows that same halving schedule as Bitcoin, with reward halvings occurring every 210,000 blocks. | ||||
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More information on eCash supply is available at <a href="https://ecash.supply/">ecash.supply</a>.</p> | More information on eCash supply is available at <a href="https://ecash.supply/">ecash.supply</a>.</p> | ||||
<p><b>Question:</b> Will XEC be burned to decrease supply? | <p><b>Question:</b> Will XEC be burned to decrease supply? | ||||
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<b>Answer:</b> No. We think XEC is valuable, and therefore we will not burn any. | <b>Answer:</b> No. eCash is unburnable. | ||||
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It is also important to realize that eCash is different from other new tokens where the founding teams often hold a large proportion of the total supply. In those other coins, the large amount of coins that the team holds is still waiting to be released into the market, causing future inflation. XEC, on the other hand, is already about <a href="https://ecash.supply/">90% issued</a>, and the dev team holds only a small amount relative to total supply. This means that new supply of XEC into the market will continue to be very limited.</p> | The issuance of eCash is not controlled by Bitcoin ABC, or any single person or group. It is mined into existence starting with the Bitcoin Genesis block in 2009. This means that, even if the team wanted to, it would be impossible to "burn" the supply. This is a feature, not a bug. | ||||
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eCash is different from other new tokens where the founding teams often hold a large proportion of the total supply. In those other coins, the large amount of coins that the team holds is still waiting to be released into the market, causing future inflation. XEC, on the other hand, is already over <a href="https://ecash.supply/">90% issued</a>, and the dev team holds only a small amount relative to total supply. This means that new supply of XEC into the market will continue to be very limited.</p> | |||||
<p><b>Question:</b> What is the contract address? | <p><b>Question:</b> What is the contract address? | ||||
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<b>Answer:</b> XEC is not an ERC-20 token, it is its own blockchain similar to Bitcoin (BTC). | <b>Answer:</b> XEC is not an ERC-20 token, it is its own blockchain similar to Bitcoin (BTC). | ||||
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There is a "Wrapped XEC" token available on the Binance Smart Chain, with <a href="https://github.com/binance-chain/bep20-issue-mirror-stats/blob/master/bep20-issue-mirror-stats.csv">contract address 0x0Ef2e7602adD1733Bfdb17aC3094d0421B502cA3</a>. Users should recognize that holding this BEP-20 token, or similar "wrapped XEC" products, has custodial risk as you have to trust that the custodian (in this case Binance) will hold the full reserves of native XEC safely. For this reason, we recommend that users hold their coins as real native XEC, in a wallet where they control the keys. | There is a "Wrapped XEC" token available on the Binance Smart Chain, with <a href="https://github.com/binance-chain/bep20-issue-mirror-stats/blob/master/bep20-issue-mirror-stats.csv">contract address 0x0Ef2e7602adD1733Bfdb17aC3094d0421B502cA3</a>. Users should recognize that holding this BEP-20 token, or similar "wrapped XEC" products, has custodial risk as you have to trust that the custodian (in this case Binance) will hold the full reserves of native XEC safely. For this reason, we recommend that users hold their coins as real native XEC, in a wallet where they control the keys. | ||||
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To hold native XEC yourself, you can use a supporting <a href="https://e.cash/get-ecash#wallets">wallet</a>. Write down the "seed phrase" for your wallet and store that in a safe place. This is usually 12 words. The 12 words contain enough information to restore the private keys of the wallet in case you need to recover them in the future.</p> | To hold native XEC yourself, you can use a supporting <a href="https://e.cash/get-ecash#wallets">wallet</a>. Write down the "seed phrase" for your wallet and store that in a safe place. This is usually 12 words. The 12 words contain enough information to restore the private keys of the wallet in case you need to recover them in the future.</p> | ||||
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