Update: 1st December 2017 - Next phase of distribution: - We are currently finalizing details for the next phase of token distribution.  As well as the BTC holder airdrop, we have broadened the scope of the distribution, and will be distributing tokens to:

• Potential Developers - we see developer engagement as the most important factor for a smart contract platform.
• Block Producers - we plan to use our tokens to help incentivize a minimum of 21 solid block producers to maintain the blockchain.  Having high quality, well-funded, well-incentivized block producers ensures the stability of the network
• Partner Projects - we are in discussions with several existing post-ICO projects, many focused on the Ethereum blockchain.  Limitations of the Ethereum network have resulted in many projects being non-viable on the Ethereum blockchain in its present form, and we are looking at incentivizing existing projects to migrate to our blockchain using XNN token airdrops for existing holders of other native tokens.  If you are involved in a project matching this description, please contact us to discuss further.
  

It is likely that much of the subsequent distribution of XNN tokens will be vested and non-tradeable until the Xenon blockchain is launched.

http://www.digitaljournal.com/pr/3563578


More press releases» Press Release
Massively Distributed Blockchain XenonNetwork Most Widely Held Ethereum Token – Over 757,000 Addresses

XenonNetwork (http://xenon.network/), an enterprise-scale blockchain launching in July 2018 completed the first stage of its massive distribution of XNN tokens over a 12 day period from late October through to the 6th of November. Xenon's XNN is now the most widely held token on the Ethereum network, with over 757,000 individual addresses possessing a share of the 300,000,000 XNN distributed. Early trading of the token on international exchanges has valued the total market capitalization of the 1 billion tokens associated with the project at around $15 million USD.

The XenonNetwork blockchain initial token distribution will be derived from XNN ERC-20 token holdings on the Ethereum network, and will result in a massively distributed network based on the EOS open-source software.

“We believe that distribution and adoption are the most important factors determining the success of a blockchain project. We are determined to have this token in the hands of as many people as possible at the launch of the blockchain in 2018. Already, our token is seven times more widely held than the EOS ERC-20 token, and we are excited by the potential of our future plans to continue this massive dissemination.” said Andrew Kong, Cofounder of XenonNetwork.

The organization proposes to further distribute the Xenon tokens as follows:

-- Up to 20 percent of Xenon tokens will be distributed to bitcoin holders based on proof-of-holdings in the next few months.

-- A further 20 percent of Xenon tokens will be distributed using proof-of-individuality mechanisms to encourage widespread circulation of the tokens.

-- Further distribution to more recent Ethereum users will occur in 2018.

-- A portion of the remaining tokens will be distributed to incentivize development, project promotion and block-producers.

Disclaimer: This press release contains forward looking statements, strategies and plans which are speculative and may not eventuate. XenonNetwork has no relationship to EOS.io, block.one, or the founders of the EOS project, other than our stated intention of adopting the EOS MIT licensed open source software.

Massively Distributed Blockchain XenonNetwork Most Widely Held Ethereum Token - Over 757,000 Addresses

XenonNetwork (http://xenon.network/), an enterprise-scale blockchain launching in July 2018 completed the first stage of its massive distribution of XNN tokens over a 12 day period from late October through to the 6th of November.  Xenon's XNN is now the most widely held token on the Ethereum network, with over 757,000 individual addresses possessing a share of the 300,000,000 XNN distributed.  Early trading of the token on international exchanges has valued the total market capitalization of the 1 billion tokens associated with the project at around $15 million USD.

The XenonNetwork blockchain initial token distribution will be derived from XNN ERC-20 token holdings on the Ethereum network, and will result in a massively distributed network based on the EOS open-source software.

“We believe that distribution and adoption are the most important factors determining the success of a blockchain project. We are determined to have this token in the hands of as many people as possible at the launch of the blockchain in 2018.  Already, our token is seven times more widely held than the EOS ERC-20 token, and we are excited by the potential of our future plans to continue this massive dissemination.” said Andrew Kong, Cofounder of XenonNetwork.

The organization proposes to further distribute the Xenon tokens as follows:

-- Up to 20 percent of Xenon tokens will be distributed to bitcoin holders based on proof-of-holdings in the next few months.

-- A further 20 percent of Xenon tokens will be distributed using proof-of-individuality mechanisms to encourage widespread circulation of the tokens.

-- Further distribution to more recent Ethereum users will occur in 2018.

-- A portion of the remaining tokens will be distributed to incentivize development, project promotion and block-producers.

Disclaimer: This press release contains forward looking statements, strategies and plans which are speculative and may not eventuate. XenonNetwork has no relationship to EOS.io, block.one, or the founders of the EOS project, other than our stated intention of adopting the EOS MIT licensed open source software.

Now listed on CoinMarketCap

https://coinmarketcap.com/currencies/xenon/

Number of addresses: 758185
Sum of XNN in addresses: 300000000.00000007193
Maximum XNN in addresses: 4327.0780497004470103
Minimum XNN in addresses: 27.699642598250533578
Median XNN in addresses: 226.52436032163902175
Mode XNN in addresses: 395.68179270230889813

EOS has a proven development team who have completed highly complex projects previously with far less resources.  They are also extremely well funded, and there is the potential for legal trouble if they don't complete this project to specification.  

This Xenon project has a clear and straightforward path.  We are already one of the most widely distributed tokens on the Ethereum network.  We have another 7-8 months to continue to raise the profile of this blockchain before launch around July 2018.  

Ethereum blockchain snapshot was taken in early October.

Update: 23/10/17 - ETHEREUM AIRDROP COMMENCED - airdrop of XNN tokens to >750,000 Ethereum addresses with >0.1 ETH at time of snapshot earlier this month has begun
- Track progress of the airdrop: https://etherscan.io/token/0xab95e915c123fded5bdfb6325e35ef5515f1ea69
 - Total XNN tokens to be airdropped: 300000000.0000000000
 - Largest ETH holding address will receive: 4327.0780497004477001 XNN
 - Addresses holding ~0.1 ETH will receive: 27.699642598250537994 XNN
 - This is a distribution that proportionally favors smaller holders as it suits our goal of widespread distribution over absolute proportionality



Airdrop was delayed until post-Byzantium hardfork due to heavy network congestion prior to this update.

Somewhere between $15,000 and $30,000 USD, perhaps more.

Update: Ethereum snapshot completed.  Around 750,000 addresses containing >0.1 eth identified.  Airdrop to begin in the next few days.  May take up to a week depending on network congestion and gas prices.

Details on exact time of snapshot and distribution to follow in the next few days.

https://cointelegraph.com/press-releases/massively-distributed-eos-derived-blockchain-xenonnetwork-to-begin-token-distribution-auckland

https://finance.yahoo.com/news/massively-distributed-eos-derived-blockchain-234600243.html

Massively Distributed EOS-derived Blockchain XenonNetwork to Begin Token Distribution

Business Wire   Business WireSeptember 28, 2017
SAN FRANCISCO--(BUSINESS WIRE)--

XenonNetwork (http://xenon.network/), an enterprise-scale blockchain launching in July 2018 begins a massive distribution of their native Xenon (XNN) ERC-20 compatible tokens to over 400,000 active ethereum addresses at the beginning of October. In addition to this, a similar distribution to bitcoin holders will occur in November, followed by a proof-of-individuality public token distribution from November through to June 2018.

“The EOS project engages a proven team developing the world’s most innovative and high-throughput enterprise blockchain. However, recent regulatory issues surrounding initial coin offerings in China and the United States, as well as limitations of the crowd-sale distribution model may create potential hurdles for adoption of the project. We present a massively distributed alternative implementation of the EOS project which avoids these limitations,” said Andrew Kong, Cofounder of XenonNetwork.

The organization proposes to distribute the Xenon tokens as follows:

-- 30 percent of Xenon tokens will be distributed to ethereum addresses containing more than or equal to 0.1 ether in early October.

-- 20 percent of Xenon tokens will be distributed to bitcoin holders based on proof-of-holdings in November.

-- A further 20 percent of Xenon tokens will be distributed using proof-of-individuality mechanisms to encourage widespread circulation of the tokens.

In July 2018, these ERC-20 tokens will be redeemable for native tokens on the newly launched blockchain.

“We believe that distribution and adoption are the most important factors determining the success of a blockchain project. We are determined to have this token in the hands of as many people as possible at the launch of the blockchain in 2018,” said Mr Kong.

Disclaimer: This press release contains forward looking statements, strategies and plans which are speculative and may not eventuate. XenonNetwork has no relationship to EOS.io, block.one, or the founders of the EOS project, other than our stated intention of adopting the EOS MIT licensed open source software.


View source version on businesswire.com: http://www.businesswire.com/news/home/20170927006452/en/

http://www.businesswire.com/news/home/20170927006452/en/Massively-Distributed-EOS-derived-Blockchain-XenonNetwork-Token-Distribution

Massively Distributed EOS-derived Blockchain XenonNetwork to Begin Token Distribution

September 27, 2017 07:46 PM Eastern Daylight Time

SAN FRANCISCO--(BUSINESS WIRE)--XenonNetwork (http://xenon.network/), an enterprise-scale blockchain launching in July 2018 begins a massive distribution of their native Xenon (XNN) ERC-20 compatible tokens to over 400,000 active ethereum addresses at the beginning of October. In addition to this, a similar distribution to bitcoin holders will occur in November, followed by a proof-of-individuality public token distribution from November through to June 2018.

Massively Distributed EOS-derived Blockchain XenonNetwork to Begin Token Distribution
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“The EOS project engages a proven team developing the world’s most innovative and high-throughput enterprise blockchain. However, recent regulatory issues surrounding initial coin offerings in China and the United States, as well as limitations of the crowd-sale distribution model may create potential hurdles for adoption of the project. We present a massively distributed alternative implementation of the EOS project which avoids these limitations,” said Andrew Kong, Cofounder of XenonNetwork.

The organization proposes to distribute the Xenon tokens as follows:

-- 30 percent of Xenon tokens will be distributed to ethereum addresses containing more than or equal to 0.1 ether in early October.

-- 20 percent of Xenon tokens will be distributed to bitcoin holders based on proof-of-holdings in November.

-- A further 20 percent of Xenon tokens will be distributed using proof-of-individuality mechanisms to encourage widespread circulation of the tokens.

In July 2018, these ERC-20 tokens will be redeemable for native tokens on the newly launched blockchain.

“We believe that distribution and adoption are the most important factors determining the success of a blockchain project. We are determined to have this token in the hands of as many people as possible at the launch of the blockchain in 2018,” said Mr Kong.

Disclaimer: This press release contains forward looking statements, strategies and plans which are speculative and may not eventuate. XenonNetwork has no relationship to EOS.io, block.one, or the founders of the EOS project, other than our stated intention of adopting the EOS MIT licensed open source software.

We are planning to snapshot the ethereum blockchain in the first few days of october.

Hi, yes, although likely on a diminishing curve to favour smaller holders.

More details on airdrop specifics  will come in the next few days.

yes - correct.  similar to omisego airdrop, however our airdropped tokens will represent a far larger portion of total market cap.

Our dev is currently compiling the ethereum addresses but the final blocks included in the snapshot are likely to be in the first few days of October.  More information will be given closer to the time.