How to Buy XDC Network
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of XDC Network has fallen by 7.65% in the past 7 days. The price declined by 1.30% in the last 24 hours. In just the past hour, the price shrunk by 0.15%. The current price is $0.0222 per XDC. XDC Network is 88.31% below the all time high of $0.19.
The current circulating supply is 12,305,012,698.75 XDC.
, short for exchange infinite, is a hybrid network enabling global trade and finance. Being a hybrid blockchain allows Xinfin to combine public and private blockchain features with cross-chain . Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Cross-chain transactions allow the network to perform digitization, tokenization, and fast settlement of trade transactions.
is the native utility of the XDC blockchain that facilitates global and domestic trade by providing liquidity to the financial industry. The token also supports business efficiency through different sectors by offering non-tokenized and tokenized services. Utility tokens for particular industries are created with small chains on the XDC01 protocol.
Many problems surround trade, particularly global trade and finance. These issues include no cross-border transactions, legacy issues, deficiency of global financial marketplaces, limited conventional financial providers, and the nature of infrastructure investments.
Blockchain technology solves these issues by providing an open distributed database that is secured and encrypted with . The technology is also equipped with a consensus mechanism that ensures that all the network nodes are in agreement with each other regarding any change made to the blockchain. This results in having no central points of failure in the system.
Xinfin's states that the network aims to increase efficiency, decrease dependency on complicated infrastructures, and make financial institutions more flexible toward managing liquidity. The network intends to utilize the benefits of blockchain technology to build a complete ecosystem around Xinfin's blockchain protocol, called the XDC01 . According to the whitepaper, this protocol aims to be beneficial for government bodies, financial institutions, and corporations as it will facilitate low-cost financing and global trade.
XCD01 Protocol: Xinfin is a hybrid network that has the features of both private and public networks. The private state ensures financial data security, and the public state ensures transparency, validity, and decentralization. This hybrid system supports the XDC protocol's security, scalability, and speed and makes the protocol adaptable with other blockchains.
The hybrid network runs on the mechanism, is hosted by masternodes, and is powered by the XDC token, which is used to carry out every transaction on the Xinfin network. The real-time data is entered into the network with the help of the IoT layer. The entire XDC01 protocol helps the token run within the network.
Thus, the XDC01 protocol runs as a messaging and confirmation layer for internal and cross-chain payments. XDC is used as a payment and settlement medium supported by trusted financial institutions.
The XDC01 protocol and other smart contracts are not theoretical features that have no use case; these can be used practically in many use cases like finance, distribution, purchases, supply chain, and settlement to build . For example, an ideal application for Xinfin is an e-taxi app where rides can be booked via a DApp and transactions can be settled and recorded on the blockchain.
founded Xinfin in March 2017. Besides founding Xinfin, Khekade is the founder of an online education funding platform called Funder, a cofounder of a protocol on Xinfin network called TradeFinex, and a founding partner at Airnetz, an on-demand private jet and helicopter provider. The whitepaper was published in March 2021.
According to the Xinfin , the maximum total supply of XDC tokens is 100,000,000,000 coins, and all these tokens are limited and locked. The tokens are received through , but there is no need to do that anymore as the token is already pre-mined. The token is distributed throughout the network to induce growth and promote a network effect.
25% of the token's total supply is reserved for the founders and the core team. 15% of the supply is set aside for the development pool of the ecosystem of the Xinfin organization. 10% is allotted for pre-placement and follow-up token offering, and 32.5% is allocated as incentives for users to participate in the ecosystem. 10% is earmarked for hedge pools, 5% is reserved for philanthropic activities, and the remaining 2.5% is committed to the contingency fund.
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The price of 1 XDC Network currently costs $0.0222.
The current market cap of XDC Network is $273.34M. A high market cap implies that the asset is highly valued by the market.
The all-time high of XDC Network is $0.19. This all-time high is highest price paid for XDC Network since it was launched.
Over the last 24 hours, the trading volume of XDC Network is $2.58M.
The current circulating supply of XDC Network is 12 billion.
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