Back to collectionThe 150 Million XAI Plan and Its Uneven Burden
The governance proposal passed in March had approved an increase in supply, but key holders in May were still waiting to see how it would appear in the emissions schedule. That evening, the announcement channel posted an emissions table the community had long awaited, though many might have preferred not to see it. The chat immediately split over who would bear the cost of the adjustment.
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The governance proposal passed in March had approved an increase in supply, but key holders in May were still waiting to see how it would appear in the emissions schedule. With the price down from its mid-month high, the Night Watchman had to watch his node's output and explain to those who asked the distance between a proposal and its execution.
That evening, the announcement channel posted an emissions table the community had long awaited, though many might have preferred not to see it. Under the previously approved proposal, another 150 million XAI would be issued over the coming months. The table projected the next emissions halving for around August 2025 and the following one for early 2026. Both dates were estimates that could shift with network activity and the rate at which tokens moved through the system. The announcement said controlled issuance could sustain ecosystem growth while preserving the long-term token model; halvings would continue to reduce the emissions rate under the existing mechanism.
The chat immediately split over who would bear the cost of the adjustment. Some wanted the halving sooner, arguing that those who mined and sold should not keep enjoying a high output indefinitely. Others pointed out that the cut applied to key output, not to the team's holdings. The Night Watchman stayed out of the argument, saying only “August”; he intended to compare the estimate with what eventually happened. The narrator thought of the chain's need to answer both to people earning from it now and to people who might arrive years later, whose needs were different. The table offered an expectation that could be tracked, but it had yet to show how issuance and halvings would ultimately distribute the pressure.