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Price
$0.0259
9/27/2022, 10:32:52 AM
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Market

Market stats

Market cap

$880,860.31

Volume (24h)

$36,030.17

Circulating supply

34.0M XLT

All time high

$5.24

Price change (1h)

-0.38%

Price change (24h)

+1.03%

Price change (7d)

+23.03%

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Nexalt is on the rise this week.

The price of Nexalt has risen by 23.03% in the past 7 days. The price increased by 1.03% in the last 24 hours. In just the past hour, the price shrunk by 0.38%. The current price is $0.025901 per XLT. Nexalt is 99.51% below the all time high of $5.24.

The current circulating supply is 34,009,063.467 XLT.

About

What Is Nexalt (XLT)?

Nexalt (XLT) is a blockchain ecosystem that aims to reward users for introducing new users to the network. According to its whitepaper, Nexalt proposes a first-of-its-kind multi-level coin (MLC) mechanism. The mechanism is based on multi-level marketing and the decentralized nature of crypto.Using this technique, participants can easily increase their crypto earnings simply by expanding the Nexalt community and referring others to the platform.

In addition, Nexalt is created to solve common issues of blockchains such as lack of sufficient centralization and unstable scaling. Using the MLM (multi-level marketing) model, the Nexalt project aims to make payments safer and more comfortable by utilizing cryptocurrency technology while also offering incentives to expand the blockchain organically. Currently, the project is focused on resolving the problems concerning stability and centralization so that transactions are not hampered by monopolies held by third parties like banks and governments.

In particular, the project aims to resolve two primary issues:

  • How to use PoW (proof of work) to replace other anti-Sybils, allowing them to scale safely. 

  • How to unite the blockchain ecosystem so that a shared PoW can be implemented (every blockchain shares the same security rather than dividing security (mining) between everyone).

In order to resolve the issues mentioned above, the project uses a hybrid model of proof of work and proof of stake. The objective of this hybrid model is to provide a simple way to unify the entire blockchain system and prevent centralization securely. Besides that, the project aims to blend blockchain technology and mass marketing. 

The symbol for Nexalt is XLT. The XLT token is rewarded to miners and users who introduce new users to the ecosystem. Nexalt also provides opportunities for staking

History of Nexalt (XLT)

The Nexaltproject was launched in 2021, along with the launch of Android and iOS crypto wallets. The project seeks to enable smart contracts and shift from PoW to PoS.  

The team of Nexalt consists of Rana Muhammad Nouman as the CEO, Kamran Ismail as a senior developer, and various other members.

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FAQ

What is the current price of Nexalt?

The price of 1 Nexalt currently costs $0.0259.

What is the market cap of Nexalt?

The current market cap of Nexalt is $880.86K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Nexalt?

The all-time high of Nexalt is $5.24. This all-time high is highest price paid for Nexalt since it was launched.

What is the 24 hour trading volume of Nexalt?

Over the last 24 hours, the trading volume of Nexalt is $36.03K.

What other assets are similar to Nexalt?

Assets that have a similar market cap to Nexalt include HiCoin, e-Gulden, FYDcoin, and many others. To see a full list, see our comparable market cap assets.

How many Nexalt are there?

The current circulating supply of Nexalt is 34 million.

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