> For the complete documentation index, see [llms.txt](https://x3defi.gitbook.io/main/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://x3defi.gitbook.io/main/products/finance/xfactory/expansion.md).

# 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](/main/products/finance/xfactory/boardroom.md) |  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 %.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://x3defi.gitbook.io/main/products/finance/xfactory/expansion.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.