Tokens or cryptocurrencies are a primary aspect of blockchain projects. In a time when there are hundreds of blockchain projects coming up each year, there’s a dire need for people to understand the importance that tokens serve as part of the project. By studying the token distribution and the purpose of the tokens in the project’s ecosystem one can understand the reliability of a particular project. We also gather additional information from different sources to ensure we cover all necessary data or events.
You should do some research on your own on the XinFin network before making your final decision if this is something you want to get yourself into or not. We have all witnessed the rise of cryptos and the fact that it has managed to draw more attention to itself as well as more followers. Some coins are even offered as payment options on E-commerce platforms and even some countries offer that as well. However, this doesn’t change the way that their legal status varies from one country to another. Click here to check the legality status of cryptocurrencies by country.
Compared to other crypto coins which started the same year as XinFin Network it has below-average trading volume, average volume for the other 917 coins started in 2018 is $7M while XDCE has $2M. Just like any other crypto platform XinFin has security measures in place. Since the platform and its tokens are used within the community daily they are deemed safe enough. However, do keep in mind no crypto platform or network is completely secure.
- Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily XinFin Network price chart.
- The energy consumption for the running of the protocol and its transactions is minimal and it is also interoperable with Ethereum because of its EVM compatibility.
- Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments.
- With all that being said, remember that the crypto world can be extremely volatile so it is no large surprise that experts are divided on the future of the platform.
- Also, holders can use a peer-to-peer trade where your peer sends money to your bank account and you send the equal amount in XDC tokens to their crypto wallet.
Additionally, we have 10,000,000,000 XDC tokens under circulation from Pre-Placement and placement. Released tokens under Ecosystem Development and Founders Account are 750,000,000 & 1,350,000,000 respectively. The total number of circulating xdce coin tokens thus equals 12,183,933,483 as on. After the token’s launch on Jan 29, 2018, on the Ethereum platform, over 4,564 wallets have acquired XDCE, with a recorded total of 147,181 successful token transactions to date.
These tokens are stored with users of the old XDC chain in the form of mainnet XDC. 40% of the total XDC supply has been allocated to the founders, community, core team, and advisors of the project. That sums for a total of 15,000,000,000 XDC tokens, whereas 3% is released every year and from the past 3 years 1,350,000,000 XDC has been released. But few Ex Core Team Member & Advisors have sold their part of tokens in the market in 2018–19.
XinFin Network Price & ROI on this Date
The company has a goal to raise direct investments from foreign investors and promote peer to peer transactions in finances. This is possible by moving investments on the blockchain network to avoid unnecessary paperwork which can be time consuming. There is a gap in the global financial infrastructure which the company aims to close and are using their native XDC and XDCE tokens to do so. As of Jan 30, XinFin Network has a market capitalization of $550.3 Million and is ranked #99 among all cryptocurrencies. For more information on the market capitalization and price statistics See full market cap and price stats.
The network has really cheap transactions which are said to be one percent of that of Ethereum. The energy consumption for the running of the protocol and its transactions is minimal and it is also interoperable with Ethereum because of its EVM compatibility. Lastly the protocol can handle a large number of transactions per second and has https://cryptolisting.org/ rather fast transactions as well. XinFin Network’s current circulating supply is 12.29B XDC out of max supply of 37.68B XDC. In terms of market cap, XinFin Network is currently ranked #45 in the Layer 1 sector. Apart from the above mentioned circulating supply from different sections, there are 83,933,483 circulating as Masternode reward.
How to use XinFin?
XDC is also used as a payment option within public or private dApps created on the XinFin blockchain. Holders can use these tokens to create smart contracts and dApps as well as their own token and then utilize cryptos with high liquidity in them. XinFin is a Singapore based blockchain technology company with a focus on international finance.
XDCE Transactions Chart
You can store your XDC on the XinFin wallet as the network promotes it as the safest option. Know that you can store them on any of the appropriate hardware or software wallets but keep in mind that the hardware ones are more expensive and generally safer as well. Another option is to store them on any of the exchanges where you prefer buying crypto from as long as they support the token. However, keeping them on the exchanges can be seen as unsafe because your tokens are being held by a third party. The project has an infrastructure of 108 Masternodes and all of them are in compliance with the network’s Delegated Proof of Stake. By using this method the network managed to lower the transaction fees within the protool and speed up the confirmation process for transactions to just 2 seconds.
All the tokens are currently locked and will not be brought into circulation unless there is an emergency. The total supply of XDC tokens is capped at 37,500,000,000 while the total number of tokens currently in circulation is 12,183,933,483, as on May 29, 2020. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily XinFin Network price chart. To see more analysis and outlook, please check the XinFin Network price prediction page. If you’re interested in purchasing it, you can find step-by-step instructions on the how to buy XinFin Network page. Access the XDC API documentation to unleash the power of the blockchain.
The network has a double validation process which adds security which is needed as it supports all EVM smart contracts, protocol and token transfers. The XinFin network doesn’t mention the exact amount they charge for fees but they do say that it is 1/100 of that of Ethereum so you can expect really low fees with transactions on the network. When trading these tokens on other platforms we have seen trading fees around 0.1% but it can be higher than that as well depending on the exchange platform. When withdrawing the withdrawal fee starts as low as 2.0 XDC but again, it can be higher on some exchanges. This project managed to create a first ever hybrid blockchain platform which manages to handle private and public blockchains at the same time.
Also, holders can use a peer-to-peer trade where your peer sends money to your bank account and you send the equal amount in XDC tokens to their crypto wallet. Another option is to use any of the exchange platforms of your preference that support the token. You can likewise utilize the peer-to-peer trade alternative by picking the number of XDC you need to purchase from someone else and sending a comparable sum in fiat currency to his or her wallet. The remaining 26.67% of the supply represents the tokens for Alphaex exchange, Masternode Stake, Burnt tokens, and other circulating supply. Of this, there are currently 4,000,000,000 XDC hold by users of old XDC chain in form of main net XDC and many still holding in the old close wallets.
In this article, we will explain the token distribution of XDC and why it is in the best interest of our community and users alike. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors. Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments. Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin. Analyzing Reddit stats can provide valuable insights into the community’s sentiment and engagement with a particular cryptocurrency. Wealth distribution is an important factor to consider when researching a cryptocurrency.
For the last 30 days, more than 62 XDCE transactions have been made, on average daily 2.07 completed transactions. Investors should conduct their own research and analysis before making any investment decisions. You should also be aware of the potential for loss, and only invest what you can afford to lose. The table above shows the number of days which XinFin Network closed above a certain price level. XinFin Network price in US Dollar has decreased by -25.26% in the last 1 month.
You will need to set the wallet up after downloading but the whole app is rather user friendly, simple and very easy to use. XinFin Network is being traded on 21 cryptocurrency exchanges, including KuCoin and Bybit. If you wish to purchase XDC, check our guide on how to buy XinFin Network in 6 steps.
