What Is XeniosCoin (XNC)?
XeniosCoin (XNC) is a blockchain protocol that bridges the gap between the uncertainty of volatile digital currencies and the reliability of stablecoins. XeniosCoin is based on the mythic father of the Greek pantheon. He is known for his welcoming nature for guests, Xenios Zeus. XeniosCoin aims to capitalize on Xenios Zeus’ legacy by providing advanced hospitality to its holders. XeniosCoin has a unique incentive scheme with its innovative rewards structure and utilities. Being a semi stablecoin, Xenios ensures a stable minimum price to provide unlimited liquidity to its fundraisers. Liquidity is the easy conversion of an asset into traditional currency without impacting the market price.
Xenios platform offers frictionless transaction costs. The transaction fees are near-zero, regardless of the number of blocks transferred in a single transfer. The platform also offers XNC Blockchain, an efficient in-house blockchain that can verify twenty thousand micro-transactions within one minute.
According to its green paper, the crypto world faces a few challenges, such as the uncertainty of volatile cryptocurrency.
The uncertainty of the prices of cryptocurrencies makes it difficult for traders to trust the ecosystem.
Another challenge digital coin owners are facing nowadays is scams. Many tokens are created with the sole purpose of scamming coin owners.
Besides, slow transaction speed directly affects scalability, which is another challenge the crypto space faces.
Most cryptocurrencies are also prone to security breaches and hacks.
Some cryptocurrencies use mining and other technologies which are not environmentally friendly, thus causing damage to the environment.
Therefore, XeniosCoin has solved the problems mentioned above, Xenios blockchain. The Xenios blockchain is an X11-based algorithm that utilizes a unique sPoS (software proof-of-stake) consensus. The Xenios blockchain has created a scalable payment solution with its unique structure. An innovative dual masternode scheme brought by the platform’s fork aims to verify the block within Xenios blockchain instantly. Masternodes can instantly verify transactions under two thousand XNC, allowing the network to manage payments with almost zero fees. A masternode is a part of the blockchain infrastructure that sustains digital currencies. In conclusion, the semi-stable nature of XeniosCoin allows contributors and users to feel safe with the XNC’s value due to its dual natures as a mode of exchange and digital asset at the same time.
In the total distribution of XNC tokens, the platform has kept 76,473,246 XNC tokens for circulating supply, and 12,000,000 XNC tokens have been locked as Xenios team allocation reserve. Less than 2,500,000 XNC tokens are left for mining, and 17,000,000 XNC tokens are distributed as block rewards to masternode holders.
History of XeniosCoin (XNC)
Emmanouil Kafouros and Anastasios Oureilidis are the co-founders of XeniosCoin. The total supply of XNC tokens is 108,000,000 XNC. The company’s green paper was published in March 2021.
