> 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/xfactory-initial-launch-old/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. 

Contrary to many tomb forks, we decided two set up two specific epochs at launch that differs in time and rewards.

## First Epoch

* The first epoch has a duration of 96 hours - accordingly, rewards will be paid out after that timeframe.
* A fixed amount of 80,000 XONE is dedicated to this epoch.

## Second Epoch

* The second epoch has a duration of 120 hours.
* A fixed amount of 60,000 XONE tokens. is dedicated to this epoch.

## Further Expansion

| Circulating Supply | Expansion |
| ------------------ | --------- |
| Below 10K          | 4.5%      |
| >10K and <15K      | 4%        |
| >15K and <25K      | 3%        |
| >25K and <35K      | 2%        |
| >35K and <60K      | 1.5%      |
| >60K and <250K     | 1.25%     |
| >250K and <500K    | 1%        |
| >500K and <1M      | 0.75%     |
| >1M                | 0.5%      |

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 %.