Expansion

At the beginning of every epoch, if the time-weighted average price (TWAP) of XONE is greater than 1.01, a new XONE will be minted in the boardroom.

The amount of new XONE distributed depends on the current circulating supply of XONE — as shown in the table below.

Bootstrapped Epochs

Initially, the boardroom will run 28 bootstrapped epochs (7 days). During the bootstrap period, the boardroom will expand regardless of the XONE's TWAP. The expansion rate during that time is defined as 8%.

Further Expansion

Circulating Supply	Expansion
Below 200K	7%
>200K and <300K	6%
>300K and <400K	5%
>400K and <500K	4%
>500K and <600K	3.3%
>600K and <700K	2.5%
>700K and <800K	2%
>800K and <900K	1.5%
>900K	1%

The Distribution of XONE during epoch expansion is as follows:

Receiver	Share
XFACTORY Holders in Boardroom	65%
DAO Treasury	30%
Dev & Marketing	5%

If there are bonds to be redeemed, 65% of minted Xone goes to Treasury until it's sufficiently full to meet bond redemption. If there is no debt, it will follow the maximum capped expansion %.