Coin overview
XION
Ended--
Last price (USDT)
130.41K
24h total (USDT)
674.06K
Total vol (USDT)
2024-11-12 07:00:00 ~ 2024-12-05 09:30:00
Trading time (UTC+0)
2024-12-05 14:00:00
Delivery time (UTC+0)
Introduction
XION is the first L1 blockchain for crypto abstraction. It enables developers to build, launch, and scale consumer-ready Web3 products from the ground up. XION Total supply: 200,000,000
Anchorage Digital Adds Asset Support for XION, Expanding Institutional Access
XION , a walletless blockchain that connects Web2 and Web3, revealed that its native token now has asset support thanks to Anchorage Digital , home to the first and only federally chartered cryptocurrency bank. Anchorage Digital serves as a compliance link between conventional finance and the digital asset ecosystem, and this support, along with its status as the first Title II compliant L1, gives institutional asset holders a safe way to custody, stake, and trade XION. Clients of Anchorage Digital may easily purchase, hold, stake, and manage XION assets with this integration, eliminating the need for conventional exchanges. The integration guarantees adherence to strict regulatory standards while expediting institutional onboarding. Institutional investors now have safe access to new blockchain networks thanks to this. Asset managers, venture capital companies, and ETF providers may now interact with the XION ecosystem while taking use of a safe custodial framework thanks to Anchorage Digital’s infrastructure. Burnt Banksy, Founder at XION stated: “Providing secure access to XION from a qualified custodian opens doors for asset managers, venture capital firms, and other institutional participants to engage with the ecosystem. With trusted platforms like Anchorage Digital, the gap between the legacy web and the next generation of blockchain applications is being narrowed.” Major international businesses including Uber , Amazon Prime, BMW, Lacoste, Marvel Rivals, and The North Face already utilize XION’s blockchain technology. Anchorage Digital guarantees that big, regulated institutional asset holders have access to the blockchain, promoting the widespread use of Web3, while maintaining compliance with regulatory norms by offering institutional-grade custody and asset management services. Through Anchorage Digital, institutional investors may also directly stake XION, giving them the opportunity to take part in network security and reap returns in a regulated framework. Anchorage Digital’s platform offers a range of treasury management, staking, and liquidity options for asset managers and venture companies wishing to access XION. Institutions may interact with XION in a regulated, safe, and controlled setting by using Anchorage Digital’s infrastructure. Institutional interest in digital assets is at an all-time high at the moment of the integration. Anchorage Digital broadens its offering to organizations looking to get access to cutting-edge blockchain networks while maintaining its dedication to security and compliance by introducing support for XION. The goal of XION, the first walletless Layer 1 blockchain, is to enable Web3 for all users. By making cryptocurrency disappear via its Generalized Abstraction, it simplifies complicated issues like private keys, wallets, multi-device use, gas costs, and more. XION speeds up the widespread adoption of Web3 by lowering typical Web3 friction points and increasing user and developer accessibility to blockchain technology. Go here to XION’s blog to find out more about the integration.
XION Takes a Major Step in Web3 Adoption with MiCA Compliance in the EU
XION has become the first Layer 1 blockchain to release a MiCA-compliant whitepaper, aligning with EU regulations for crypto-assets. This ensures regulatory clarity, supporting the broader adoption of Web3 by institutions and users in the EU. In an effort to enhance the bridge between Web2 and Web3, XION , a walletless blockchain, has announced its move to comply with EU regulations per the regulatory framework that governs crypto assets in the European Union. With the Release of MiCA (Market in Crypto-Assets) whitepaper, XION has become the first Layer 1 blockchain on the mainnet to do so in the EU. Burnt Banksy, Founder at XION, believes that releasing the MiCA whitepaper is the right direction for XION as it looks to bridge Web2 and web3. In a statement, Burnt said: “The release of a MiCA whitepaper is a key step in a broader institutional strategy […] By adhering to the EU’s evolving regulatory landscape, it ensures that institutions and users can both gain access to XION in a compliant manner, strengthening the foundation for broader adoption of Web3.” Institutions in the EU now have unconstrained access at their disposal to leverage the XION ecosystem and technology in compliance with MiCA. With the compliance with the EU MiCA in place, Xion has proven its commitment to easing access for both institutions and individuals that have adopted Digital Assets. MiCA Reguratory flamework Title II of MiCA (Market in Crypto-Asset) is a comprehensive set of regulations that came into effect in December 2024 in the EU. These regulations aim to create a unified regulatory framework for crypto-assets across the EU and create clear guidelines for issuers and entities wishing to offer or trade digital assets. XION has positioned itself as a key player by aligning with MiCA to ensure its ecosystem operates transparently and within the bounds of European law. Also Read: OKX obtains MiCA license and extends cryptographic services to 28 EEA countries About XION XION is a walletless Layer 1 blockchain designed to make Web3 accessible to everyone. XION is revolutionizing Web3 by creating the first walletless Layer 1 blockchain. With a mission to simplify blockchain adoption, XION eliminates the need for wallets, private keys, and gas fees, making the technology accessible to users and developers. Its innovative solutions, including Generalized Abstraction and Meta Accounts, help accelerate the mainstream adoption of Web3. Website | Blog | Discord | Telegram | Github | LinkedIn | X
XION achieves MiCA milestone as first regulated layer 1 blockchain
XION, a layer 1 blockchain backed by Circle and Multicoin, becomes the first mainnet platform to comply with European Union regulations. The walletless blockchain, focused on bridging web2 and web3, announced the milestone in a press release shared with crypto.news on March 13. Following the news, the utility token—used for network fees, governance, and proof-of-stake security—bounced more than 10%. XION was trading around $0.90 at the time of writing. According to the venture capital-backed L1, EU compliance also sees it become the first blockchain network to release a Markets in Crypto-Assets whitepaper . XION achieved this milestone a few months after launching its mainnet and conducting a gamified initial token airdrop. The chain abstraction mainnet went live in early December, just days before the EU’s MiCA rules took full effect on December 30, 2024. With this achievement, XION is now the first layer 1 platform to align with MiCA’s Title II regulatory framework, which provides guidelines for governing crypto-assets across the European Union. The XION team plans to leverage the regulatory clarity that MiCA offers to expand its footprint in the region by targeting institutional investors. “By adhering to the EU’s evolving regulatory landscape, it ensures that institutions and users can both gain access to XION in a compliant manner, strengthening the foundation for broader adoption of Web3,” Burnt Banksy, founder at XION, said in a statement. Title II of the EU’s comprehensive market guidelines targets digital asset issuers, offerors, and providers looking to bring their crypto trading products to customers in the 27-member bloc. XION will use this compliance milestone to accelerate Web3 access, with its technology stack helping to remove the hurdles that hinder broader adoption. Generalized abstraction, meta accounts, and signature abstraction are key features of XION’s infrastructure layer.
XION Sets Milestone to Become First Title II EU-Compliant Layer 1 Blockchain
With its recent alignment with the EU’s crypto-assets legal framework, XION has shown its dedication to facilitating greater accessibility. This step in guaranteeing MiCA compliance paves the way for future growth and broader access to XION’s ecosystem. With its announcement of compliance with EU regulations, XION , a walletless blockchain that bridges Web2 and Web3, became the first L1 on the mainnet to release a Markets in Crypto-Assets (MiCA) whitepaper. With its recent alignment with the EU’s crypto-assets legal framework, XION has shown its dedication to facilitating greater accessibility for organizations and people who utilize and adopt digital assets. Strong criteria are established for issuers, offerors, and those requesting admission to trade crypto-assets inside the EU under Title II of MiCA, which went into full force in December 2024. The latter category includes XION, which guarantees compliance to enable controlled and transparent access to its ecosystem, providing institutions and people in the EU with additional confidence. Burnt Banksy, Founder at XION stated: “The release of a MiCA whitepaper is a key step in a broader institutional strategy. By adhering to the EU’s evolving regulatory landscape, it ensures that institutions and users can both gain access to XION in a compliant manner, strengthening the foundation for broader adoption of Web3.” The goal of XION is to make Web3 available to everyone, everywhere, and this regulatory milestone is part of that goal. Through protocol-level breakthroughs like Generalized Abstraction, Meta Accounts, Signature Abstraction, and its Parameterized Fee Layer, XION is simplifying blockchain technology and creating an infrastructure layer that will enable Web3 apps to be widely adopted. Institutions in the EU will now have unrestricted access to a blockchain that connects Web2 and Web3, providing regulatory clarity and an intuitive environment, thanks to this compliance. By using its technology to facilitate seamless Web3 interactions, XION’s ecosystem has already drawn top brands, solidifying its position as a leader in extending access to all internet users. This step in guaranteeing MiCA compliance paves the way for future growth and broader access to XION’s ecosystem as it advances its institutional and regulatory activities. The XION crypto-asset whitepaper may be found here for further details. The goal of XION, the first walletless Layer 1 blockchain, is to enable Web3 for all users. By making cryptocurrency disappear via its Generalized Abstraction, it simplifies complicated issues like private keys, wallets, multi-device use, gas fees, and more. XION speeds up the widespread adoption of Web3 by lowering typical Web3 friction points and increasing user and developer accessibility to blockchain technology. Disclaimer: This press release is not an offer to invest or financial advice; rather, it is informative only. This marketing communication has not been examined or authorized by any EU regulatory body. Its content is entirely the responsibility of the offeror, the individual requesting trading admission, or the operator of the trading platform.
L1 public chain XION launches Spark accelerator program
According to official sources, L1 public chain XION announced that it will collaborate with Red Beard Ventures and Denarii Labs to launch an accelerator program. The highlights of this program include: • Builders participating in the program can receive more than 1 billion US dollars in capital guarantees; • A network of over 4,000 investors; • Immediate investment of $100,000; • A 12-week intensive course; • The first accelerator focused on consumers.
L1 public chain XION launches Spark accelerator program
ChainCatcher reported that according to official news, L1 public chain XION announced that it will jointly launch an accelerator program with Red Beard Ventures and Denarii Labs. The highlights of the program include: • Participating builders can obtain more than $1 billion in capital guarantee • A network of more than 4,000 investors • $100,000 immediate investment • 12-week intensive course • The first consumer-focused accelerator
XION will unlock tokens worth approximately $2.9841 million in a week
According to the token unlocking data of Web3 asset data platform RootData, XION (XION) will unlock approximately 1.6786 million tokens at 10:00 Beijing time on February 5, worth approximately US$2.9841 million.
XION Launches On-Chain Celebration "The Prometheus Saga": A Farewell to Web3 Complexity
Source: XION Following a successful mainnet launch, XION has created nearly 1 million user accounts in its first week and officially kicked off the prelude to the "Promethean Saga." This global on-chain celebration will last for four months, aiming to celebrate the adoption of Web3. Through the launch of XION ecosystem applications and a series of innovative initiatives, this event aims to bring Web3 to global internet users. As the first Layer 1 blockchain designed specifically for consumer-grade Web3 applications without a wallet, XION has officially launched the early access event for the "Promethean Saga" today. This is a four-month global on-chain festival that aims to bring Web3 to all internet users through UX-first ecosystem applications and related activities. The "Promethean Saga" includes months of daily activities, covering the following key experiences: · Daily Missions: Daily check-ins, contribution accumulation, and increasing daily combo count. · Cross-chain Asset and Staking: Participants engage in one-click asset bridging, staking, and interactive protocol-level user experience features. · Referral Program: Spread XION to the community, invite friends to experience new applications on the XION mainnet. A two-tier referral system allows you to earn Karma points from direct referrals and second-level referrals. · Establish On-chain Identity: Users can create dynamic on-chain identities to interact with the decentralized ecosystem. · Celebrate Art and Culture on XION: Collect four pieces of art created by Syndicates, each integrating XION's culture and lore. · Explore New Applications: Discover numerous brand-new applications on the XION mainnet. · Participate in Events and Competitions: Through art, app launches, and community activities, users can experience a unique on-chain culture. This event continues the momentum of the XION mainnet launch, which created nearly 1 million user accounts in its first week, driving the global on-chain process. The "Promethean Saga" offers the public an immersive experience, allowing early adopters to deeply engage in XION mainnet activities and ecosystem projects, earn "Karma" points, and participate in activities such as daily missions, staking, competitions, art, app launches, and on-chain community with numerous users, developers, creators, and artists. This ceremony echoes the development journey of XION—from burning the original Banksy artwork and transforming it into an NFT, to bringing Web3 into the mainstream through chain abstraction technology—symbolizing the torch of humanity's pursuit of knowledge and enlightenment. XION Founder Burnt Banksy stated, "We believe that Web3 will penetrate various industries just like the internet has over the past few decades. Through the 'Prometheus Legend,' the XION ecosystem is showcasing how it is pioneering this future by making Web3 accessible to all." This unique event allowed users from around the world to celebrate the fusion of art, technology, and community in the most user-friendly Web3 environment. Through XION's protocol-level abstraction and Meta Accounts—enabling users to manage cryptographic assets and interact with Web3 applications in a Web2-like simple manner—this globalization of connection became possible. XION has realized its vision of walletless, Gas abstraction through its testnet, with over 4 million users and community members, and an ecosystem consisting of over 200 apps and integrations. With the release of new features and applications on the mainnet, these achievements will be fully showcased in the 'Prometheus Legend' event. On December 5, 2024, XION became the first project to launch its mainnet after Bitcoin broke the six-digit milestone, simultaneously introducing its native token XION. The token was distributed to numerous community members and supporters, and a 100,000-token distribution was done in the gamified 'Double or Nothing' event. The mainnet demonstrated scalability comparable to Web2, successfully handling 2,500 transactions per second on the launch day, providing a robust infrastructure to support large-scale global festivals like the 'Prometheus Legend.' Starting today, participate in early access (Exclusive APAC Partner Authorization Code: jTpx2PUJ), generate your unique referral code, and invite friends to join the Prometheus saga! Event Link About XION XION is the first walletless Layer 1 blockchain built for consumer-level adoption through chain abstraction technology. Its protocol-level implementation covers abstract accounts, signatures, fees, interoperability, etc., enabling developers to build a secure, intuitive, and seamless user experience. Everyone should have equal ownership access rights regardless of their technical background. The project has raised over $36 million from top investors including Multicoin, Animoca, Circle, Hashkey, Arrington Capital, and Spartan. This article is a submitted contribution and does not represent the views of BlockBeats
XION launches The Promethean Saga on-chain event, now open for early access
On December 19th, Layer1 project XION announced the launch of The Promethean Saga on-chain event, which will last for several months and is now open for early access. The first phase is limited to invited participants only.
L1 Blockchain XION Launches $12.6 Million Funding Program "Anti-Grant-Grant Program"
L1 blockchain XION announced a funding program with Thrive Protocol, called the "Anti-Grant-Grant Program," with a scale of up to $12.6 million. The program aims to change the traditional donation and funding model in the blockchain industry. Unlike traditional funding models, it is reported that this program uses accountability to deter projects that receive funding but fail to achieve their construction goals.
XION ecosystem rapidly expands: cross-chain exchange launched, prediction market launched, user surge triggers infrastructure challenges
On December 7th, the XION team reviewed its performance on the first day after the mainnet launch. Data showed that the system reached 2,500 requests per second (about 9,000,000 per hour) and successfully created 420,000 accounts within 24 hours. Despite the team expanding the infrastructure tenfold in advance, the email service still encountered challenges: due to high traffic, Google mistook it for a DDoS attack, resulting in about 4% of users receiving delayed OTP. The team responded quickly, added Google OAuth login and optimized deduplicate logic to ensure smooth user access. This event verified XION's insistence on decentralization. The team revealed that they are working with zkEmail to develop zero-knowledge email login, reduce dependence on centralized services, and further strengthen the Web3 spirit. On December 10th, XION ecosystem received another major news. The cross-chain exchange function launched in cooperation with SquidRouter allows users to exchange tokens on any chain for $XION with the lowest market transaction fee. In addition, the XIONMarkets platform has launched a new prediction market, providing users with market sentiment and trend betting functions, expanding the application scenarios of the ecosystem. The XION ecosystem has quickly demonstrated the Web2-level experience and Web3 decentralized concept from cross-chain exchange, prediction market to user surge. XION is leading a new round of ecological development, allowing users to truly "believe in the future, believe in XION".
Top 10 Airdrops For The Second Week of December
Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors. These airdrops distribute free tokens to attract new users and expand communities. For crypto enthusiasts, the following airdrops present a chance to earn new tokens and engage with emerging projects. Movement Network Movement secured $41.40 million in a funding round co-led by Polychain Capital, Borderless Capital, Blizzard Fund, and dao5, with additional participation from Binance Labs. While the MOVE network currently has no active tasks, users can claim their MoveDrop by connecting their EVM wallet used during registration. This initiative highlights the growing trend of incentivized participation in decentralized ecosystems. “Someone farmed 36 wallets for Movement & got 90,000+. MOVE airdrop currently worth around $66,000,” said Tobi, an airdrop farmer. MOVE airdrop was launched earlier today, on December 9, on Binance’s airdrop portal. The token also secured listings on South Korean exchanges Upbit and Bithumb. Nexus Labs Nexus Labs aims to create a “Verifiable Internet” by leveraging the computing power of connected devices. After raising $27.20 million in a funding round co-led by Pantera Capital, DragonFly Capital, and Lightspeed Ventures, the network launched its testnet on December 9, lasting only four days. Participants simply need to keep a browser tab open to share their internet speed, making it an accessible yet time-sensitive opportunity. Vana Vana raised $25 million in a round co-led by Coinbase Ventures, Polychain Capital, and Paradigm. Users can participate in its confirmed airdrop by running a node on a test network. With system requirements of 1 CPU, 8GB RAM, and 10GB of storage, Vana is targeting tech-savvy participants. The project also announced the closure of its Telegram app on December 9, urging users to connect their wallets to preserve earned points. “On Monday, December 9, at 9:00 am Pacific, we’ll be launching a new Nexus network testnet. The goal is to enable the Verifiable Internet. Watch our latest video to learn more about what we are building,” Vana said. SynFutures SynFutures, a decentralized exchange (DEX) for derivatives, completed a $36 million funding round co-led by Polychain Capital, Pantera Capital, and HashKey Capital. The launch of its governance token, F, on December 6 marked a significant milestone, offering fee discounts, rewards, and governance rights to holders. BeInCrypto also reported plans to list the token on Bybit and Gate.io. “The SynFutures Foundation will oversee growth, manage proposals, and collaborate with partners,” the team stated in a recent announcement. Wormhole Wormhole, a cross-chain bridge protocol, secured $225 million in funding with participation from Coinbase Ventures and Multicoin Capital. The project’s confirmed airdrop reflects its commitment to decentralization and community engagement. Meanwhile, token holders are rewarded for staking their W holdings. “A minimum of 50,000,000 W is allocated for Reward Period 1 of the Wormhole Staking Rewards Program (SRP), currently active for all W holders on Solana, Arbitrum, Base, Optimism, and Ethereum,” Wormhole said. XION XION raised $36 million in a fundraiser supported by HashKey Capital, The Spartan Group, and Multicoin Capital. The project’s airdrop targets early adopters and contributors who played a vital role in its community development. Through this initiative, XION emphasizes rewarding loyalty and ecosystem engagement. “You may be deemed a believer for the XION airdrop if you: Played a key role in the XION community’s growth, believing in the project from the beginning. Believed in and actively engaged with apps on the XION testnet. Earned special recognition from official XION community activities. Believed in something, across a wide variety of ecosystem partners,” one community member shared. Taiko Taiko, a Layer 2 scaling solution for Ethereum, raised $37 million in a funding round co-led by Hashed Fund, Lightspeed Ventures, and Hongshan. With its airdrop confirmed on December 5, Taiko aims to enhance decentralization by distributing tokens to early users and contributors. “Taiko, a Layer 2 scaling solution on Ethereum, is giving out free tokens through their airdrop,” an official medium post read. The Taiko airdrop rewards early users, developers, and community members. By joining, you can get free tokens and be part of Taiko’s future. With the Taiko airdrop, the project shares its tokens with the community. Magic Eden Magic Eden, a leading NFT platform, raised $159.50 million in a round led by Paradigm, with Coinbase Ventures and Sequoia Capital participating. The ME token, central to its ecosystem, is set for its airdrop on December 10. Pre-market trading suggests a value of $3-$4 per token, making it a potentially lucrative opportunity for participants. “The ME token is currently trading in pre-markets at $3-4 USD per ME. Pre-markets should always be treated with caution, but give an initial indication of where the value might be heading,” said Azuki researcher wale.moca. Jupiter Jupiter announced a confirmed $860 million airdrop following a $137.50 million fundraiser. Known as “Jupuary,” this initiative will reward protocol users while filtering out opportunistic participants. Eligibility checks begin this month, with the airdrop scheduled for January. “Jupuary is on. Jupiter DAO Passes Massive $860M ‘Jupuary’ Airdrop Vote. A snapshot of eligibility was taken in November. A link to check eligibility will be available later in the month, while the actual airdrop is scheduled for the following month,” said Marty Party, a popular user on X. StarkNet StarkNet, a Layer 2 solution on Ethereum, raised $282.50 million in a funding round co-led by Pantera Capital, Paradigm, and Sequoia Capital. While the project has not confirmed an airdrop date, ecosystem updates and integrations suggest exciting developments on the horizon. “More integrations, better accessibility, and an ecosystem that never stops shipping… Another great week on Starknet, packed with tons of updates (and a new airdrop to claim,” said Brother Staknet Digger. Overall, these crypto airdrops reflect significant developments within the blockchain space fueled by capital injections and community-driven incentives. From confirmed airdrops to novel testnets, these projects highlight the potential for a decentralized future of finance, computing, and internet connectivity. As these projects progress, early adopters have the opportunity to shape and benefit from this growing ecosystem actively.
Bitget Launchpool Project XION BGB Prize Pool APR temporarily reported at 131.88%
On December 5th, the Bitget Launchpool project XION (XION) has opened for investment, with a total prize pool of 330,000 XION. As of press time, the current BGB prize pool APR is temporarily reported at 131.88%, the XION prize pool yield rate is temporarily reported at 23,046.02% APR, and the INJ prize pool yield rate is temporarily reported at 102.09 APR. The lock-up opening time is from 18:00 on December 5 to 18:00 on December 10 (UTC+8).
Bitget has launched U-denominated XION perpetual contracts
Bitget announces the launch of U-denominated XION perpetual contracts, with a maximum leverage of 50 times. XION contract strategy trading will also be opened simultaneously.
XION mainnet goes live, launching the "Double or Nothing" gamified token airdrop mechanism
According to The Block, the Layer1 project XION has launched its mainnet and introduced a Double or Nothing mechanism. This gamifies the initial token airdrop, allowing eligible participants to choose to double their airdrop through a game-like spinning wheel or lose it all. The team stated that 5% (10 million) of the total supply of 200 million XION tokens were allocated for this airdrop, with 69% of the initial drop distributed to the XION community and the remaining portion given to industry participants supporting this ecosystem, including Berachain, Injective, Pyth, Monad, Milady, Brett and SPX6900 communities. Foresight News previously reported that XION completed $25 million in Series A financing in April this year with participation from Multicoin, Animoca and Arrington Capital among others.
XIONUSDT now launched for futures trading and trading bots
Bitget has launched XIONUSDT for futures trading with a maximum leverage of 50, along with support for futures trading bots, on December 5, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. XIONUSDT-M perpetual futures: Parameters Details Listing time December 5, 2024 19:30 (UTC+8) Underlying asset XION Settlement asset USDT Tick size 0.0001 Maximum leverage 50x Funding fee settlement frequency Every eight hours Trading time 7*24 Depending on market risk conditions, Bitget may adjust the parameters from time to time, which may include the tick size, maximum leverage, and maintenance margin rate. [Futures] Bitget’s futures include: USDT-M Futures, Coin-M Futures and USDC-M Futures. USDT-M Futures - Trade using USDT for all pairs. You can choose USDT to trade multiple currency pairs at the same time, in which multiple futures share the same account equity, profit, loss and risks. Thank you for your support and attention to Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Circle-backed Layer 1 Xion launches mainnet and gamified token airdrop mechanism
Layer 1 blockchain Xion, focused on chain abstraction, has launched its mainnet and introduced an unusual mechanism for its initial XION token airdrop distribution. The “Double or Nothing” airdrop feature means eligible participants can opt to potentially double — or lose — their rewards via a gamified spinning wheel, according to a statement shared with The Block. Xion is based on the Comet BFT consensus framework and the Cosmos SDK, a developer toolkit and software package leveraged in projects such as Injective, Osmosis and dYdX Chain. The network uses "generalized abstraction" to build a user-friendly blockchain ecosystem that doesn't require wallet accounts, signatures or additional technical sign-ups. This enables users to seamlessly interact with decentralized applications without remembering seed phrases or storing private keys in a more familiar web2-style experience. XION is a utility token that serves multiple functions across Xion’s ecosystem, including network usage fees, governance, and proof-of-stake security. Xion is also the first blockchain to integrate USDC as its primary transactional currency, meaning all products built on the network will display user-friendly prices in the stablecoin. Eligibility for Xion’s " Believe in Something " initial distribution was determined by factors such as testnet participation and engagement with partner communities. According to the team, up to 5% (10 million) of the total 200 million XION token supply is allocated to this first airdrop, with a current pre-trading value of more than $50 million. This initial airdrop allocates 69% to the Xion community, with the remainder distributed among industry participants who have shown strong support for the ecosystem, including the Berachain, Injective, Pyth, Monad, Milady, Brett and SPX6900 communities. A representative for Xion told The Block that 23% of its overall token supply is allocated to its ecosystem, 15% to the protocol and foundation, 15% to the community and launch, 27% to strategic backers and 20% to its core team. Stripping away the complexity of crypto Aiming to remove crypto's complexity and supported by an ecosystem of over 75 partners and a claimed 4 million active onchain wallets, the network will focus on use cases related to payments, social communities, web subscriptions, loyalty programs and games. For example, Xion claimed EarnOS, a consumer app on the network, gained 100,000 users from 159 countries in just 72 hours. EarnOS enables companies to create "missions" that users can complete in exchange for rewards, with brands like Uber, Baskin Robbins, The North Face, Sunglass Hut and Lacoste tripling their X followings from their campaigns, according to the project. The Xion ecosystem is also working closely with Injective, Sei and Pyth and expanding its chain abstraction to Solana, BNB Chain and Avalanche, the team said. “We’ve built a platform that lets the magic of crypto burn brightly behind the scenes, free of the usual mess and complexity,” Burnt Banksy, the pseudonymous founder and CEO of Burnt, a core contributor to the Xion network, said. “This isn’t about playing catch-up with competitors but fueling innovation, breaking boundaries and setting the blockchain world ablaze with possibilities. With Xion, crypto becomes so seamless it’s almost invisible.” Xion announced in April that it had raised $25 million in a Series A funding round, with participation from Animoca Brands, Laser Digital, Multicoin, Arrington Capital, Draper Dragon, Sfermion and GoldenTree. This brought its total funding to $36 million. Xion launched its testnet in December 2023 after raising $11 million from Circle Ventures, Animoca Brands, Multicoin, HashKey, and Valor, among others, The Block previously reported.
Bitget Spot Bot adds XION/USDT
We are pleased to announce that Bitget spot bot has now added: XION/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
XION opened at 12 dollars, Bitget Launchpool is now open for investment
According to Bitget, XION opened at $12 and is now trading at $10.99. Bitget's current Launchpool project, XION, is now open for play, with a total prize pool of 330,000 XION, and the lock pool will be open from December 5th 18:00 to December 10th 18:00, with a maximum of 10,000 BGB for regular users and 50,000 BGB for VIP users, for a total prize pool of 282,000 XION. The BGB pool is limited to 10,000 BGB for regular users and 50,000 BGB for VIP users, with a total prize pool of 282,000 XION pieces; the XION pool is limited to 200,000 XION, with a total prize pool of 24,000 XION pieces; the INJ pool is limited to 16,667 INJ, with a total prize pool of 24,000 XION pieces; the INJ pool is limited to 16,667 INJ, with a total prize pool of 24,000 XION pieces; and the INJ pool is limited to 16,667 INJ, with a total prize pool of 24,000 XION pieces. In the INJ pool, the maximum number of pledges is 16,667 INJ and the total prize pool is 24,000 XION。
XION announced the white paper and token economics, with the community and Launch accounting for 15.19% of the total token amount
On December 4th, Chain Abstraction L1 XION officially released its white paper and token economics. The total supply of XION tokens is 200 million, with an initial circulation of 25,559,333 tokens, accounting for 12.78%, while the remaining 87.22% of tokens will be unlocked over time. Of these, ecological incentives and project incubation account for 23%; strategic investors account for 26.81%; the team accounts for 20%; protocol development and foundation account for 15%; community and Launch account for 15.19%. XION serves as a utility token with functions including: network Gas, node pledge, governance, cross-chain fee settlement, collateralization and liquidity. XION supports a new type of abstract proof (Proof-of-Abstraction) consensus mechanism that enhances security through abstraction to solve the traditional trade-off problem between security and accessibility in Proof-of-Stake.
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