> For the complete documentation index, see [llms.txt](https://docs.extended.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.extended.exchange/extended-resources/xten/issuer-and-white-paper.md). # Issuer and White Paper XTEN is issued by Extended Ecosystem Limited ( | +1 284 394 4030). The Extended exchange is operated by X10 Ltd. Both are Extended group entities. #### White paper The XTEN white paper was notified to the Cyprus regulator (CySEC), covering Cyprus and 26 other EU countries. * [White paper](https://docs.google.com/document/d/1Ze5eA7o32ghZbiAtsscek00nAAhRZL51/edit) * [Article 8.4 Explanation](https://docs.google.com/document/d/1IWbROAgBJHIQOHylxrj181O89M1bd2-q/edit) A few things have changed since it was filed and will be updated in a revised white paper, including: * **Team vesting:** The paper applies the investor schedule, 25% at month 12, to Founders & Team. The Founders & Team have since opted for linear monthly releases following a one-year lock-up, with no month-12 cliff unlock. * **Emissions:** The paper states that no emissions are made before validator activation. Under the revised design, emissions are intended to begin at TGE through a default prover responsible for settling all transactions on Arc. * **Dates:** The paper states a first transfer date of November 2, 2026. The revised TGE date and distribution dates will be announced separately. * **Vault boost:** The paper doesn’t yet cover the stake-linked Vault boost. It will be added. #### Rights XTEN does not confer ownership, equity, dividend or governance rights in any Extended group entity, or a contractual entitlement to issuer profits. Staking rewards and other protocol benefits depend on participation in the applicable programmes and are subject to their terms and conditions. #### Terms * Receiving XTEN under the Community allocation is subject to the Terms and Conditions, signed in the app. See [Airdrop Distribution](/extended-resources/xten/airdrop-distribution.md). * Use of the Extended exchange is subject to the [Terms of Use](/extended-resources/legal/terms-of-use.md), [Statement of Risk](/extended-resources/legal/statement-of-risk.md) and [Restricted Regions](/extended-resources/legal/restricted-countries.md). * Points: see the [X10 Ltd. Points Program](https://docs.extended.exchange/extended-resources/points-program).