XNY
$0.004814341594532081

Codatta (XNY) Price

$0.004814341594532081
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Codatta (XNY) Price Today

The live price of Codatta is 0.004814341594532081 USD. In the past 24 hours, the trading volume of Codatta was 6,305,977.08 USD, up by 7.66%. The current price has decreased by -41.49% from its 7-day high of 0.02 USD, and increased by 0.00218802% from its 7-day low of 0.00426135 USD. With a circulating supply of 10,000,000,000.00 Codatta, the market cap of Codatta is currently 76,312,084.00 USD, down by 0% in the last 24 hours. Codatta currently ranks #1566 by market capitalization among cryptocurrencies.

Codatta (XNY) Market Data

Market Cap
$12.2M
24h Volume
$6.3M
Circulating Supply
2.5B XNY
Maximum Supply
10B XNY
Fully Diluted Market Cap
$49M
Liquidity Indicator
51.46%
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About Codatta (XNY)

How can I buy Codatta (XNY)?

You can buy Codatta (XNY) on supported CEXs, DEXs, or crypto wallets, although it is not yet listed on BingX. See our How to Buy Codatta guide for details. Sign up with BingX to trade XNY first when it goes live.

What Is Codatta (XNY) and How Does It Work?


Codatta is a decentralized protocol that enables data creators to earn perpetual royalties from AI innovations powered by their datasets. The platform unites blockchain-based data infrastructure with human contributors and AI agents, transforming individual knowledge into lasting digital assets and ongoing rewards. The project has established partnerships with major players like Coinbase and leverages infrastructure co-developed with EigenLayer.

The protocol addresses three critical issues: data silos where valuable information is locked within centralized entities, lack of data integrity due to opaque curation processes, and inefficiency from duplicative efforts across projects.

Codatta operates through the XnY Network with three data types:

• X-Data: Personal and organizational information for personalized recommendations

• Y-Data: Intelligent responses from expert annotations and problem-solving

• Frontier Data: Specialized domain expertise for healthcare, finance, and engineering applications

The platform uses Knowledge Providers who supply structured knowledge and reasoning, and Knowledge Verifiers who review submissions for accuracy. Quality is ensured through expert-led verification processes, token staking for confidence signaling, majority voting from multiple contributors, and a reputation system that tracks reliability and influences governance rights.

When Was Codatta Launched?


The XNY token officially launched on July 23, 2025, but Codatta's development began in 2023 with the Microscope Protocol and partnerships with companies like Coinbase. During the foundation year, the project labeled over 300 million crypto addresses and identified 46 million high-risk addresses across 35 blockchain networks.

In 2024, Codatta scaled to over 300,000 contributors across 200+ countries, processing millions of data submissions with over 2 million validated entries. The 2025 token launch marked the Protocol Decentralization phase, with listings on major exchanges providing global accessibility and liquidity for users.

What Are the Primary Use Cases of XNY Token?


The XNY token serves as the backbone of the Codatta ecosystem with multiple utility functions:

1. Governance and Voting: XNY holders participate in protocol governance, with voting power proportional to their reputation score and token holdings, ensuring active contributors have greater influence over platform decisions.

2. Staking for Quality Assurance: Contributors stake XNY tokens to signal confidence in their data submissions, creating an economic security layer that maintains data quality while providing earning opportunities.

3. Reputation-Based Rewards: The reputation system ties directly to XNY economics, where higher reputation scores lead to increased incentive weighting, greater governance rights, and higher royalty percentages.

4. Data Monetization: XNY enables data "assetification," allowing contributors to earn perpetual royalties as AI projects use their datasets, creating sustainable income streams for knowledge providers.

5. Web3 Advertisement: Improves monetization efficiency by at least 10x for privacy-focused dApps through targeted advertising based on demographic data annotations.

6. Compliance and Security: Enables investigations into illicit fund flows, helping identify malicious actors and mitigate security risks for compliance applications.

7. DeFi Analytics: Facilitates comprehensive research into decentralized finance projects, providing insights into user engagement, transaction volumes, and market trends.

What Is XNY Tokenomics?


Codatta features a structured tokenomics model with a total supply of 10 billion XNY tokens and approximately 8.2 billion currently in circulation as of July 2025.

Distribution Breakdown:


• Community: 48.0% (4.8B tokens)

• Foundation: 21.5% (2.15B tokens)

• Team: 18.0% (1.8B tokens)

• Investors: 12.5% (1.25B tokens)

The tokenomics uses tiered unlock schedules with cliff periods followed by linear vesting for long-term stakeholders, while maintaining ecosystem liquidity through gradual community allocation releases. This structure prevents supply shocks while ensuring platform growth, with the community receiving the largest allocation to reflect their value creation through data contributions.

What Blockchain Network Does Codatta Operate on?


Codatta operates as a multi-chain protocol with primary deployment on BNB Smart Chain (BSC). BSC was chosen for its low transaction costs essential for frequent data submissions, fast transaction speeds for real-time verification, EVM compatibility for easy integration with existing tools, and strong DeFi ecosystem providing liquidity infrastructure.

The project is expanding to become truly multi-chain native, with plans for Ethereum deployment for maximum security and decentralization, and Avalanche integration for high throughput applications. This multi-chain approach ensures data is verifiable and composable across different blockchain ecosystems, positioning Codatta to serve users regardless of their preferred network.

Which Wallets Support XNY Tokens?


XNY tokens are supported by several popular cryptocurrency wallets, with MetaMask being the primary recommended option. Adding XNY to MetaMask allows you to view token holdings, trade on decentralized exchanges, and interact with the Codatta platform. Users need to ensure BNB Smart Chain is added to their wallet, then import XNY as a custom token.

Since XNY operates on BNB Smart Chain, any BEP-20 compatible wallet supports the token, including mobile-first wallets with built-in DApp browsers, native BNB ecosystem wallets, hardware wallet options, and multi-chain wallets with DeFi integration.

For trading access, XNY is available on major centralized and decentralized exchanges, providing users with multiple options for buying, selling, and trading the token with varying levels of liquidity and trading pairs to suit different user preferences.

What Makes XNY a Good Investment?


Several factors contribute to XNY's investment potential, though like all cryptocurrencies, it carries significant risks requiring thorough research:

1. Strong Market Performance: 270.10% price increase in the last 7 days, outperforming the global cryptocurrency market, with $95+ million daily trading volume and listings on multiple tier-1 exchanges.

2. First-Mover Advantage: Pioneering the data royalties concept, addressing market inefficiency where data creators historically received no compensation for AI development contributions.

3. Real-World Adoption: Partnerships with major companies, practical applications in automotive tracking and compliance, plus over 300,000 global contributors with 2+ million validated entries.

4. Technical Innovation: Sophisticated reputation scoring system ensuring data quality, sustainable economic model, and planned multi-chain expansion to capture value across blockchain ecosystems.

5. AI Market Alignment: Positioned in rapidly growing AI data market where demand for high-quality, verified datasets continues increasing, directly benefiting Codatta's business model.

6. Future Roadmap: 2026 plans for "Data Assetification with Royalty-Based Payments" where knowledge becomes a true asset with perpetual rewards for contributors.

Info Source

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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
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