XeniosCoin (XNC) Price

What is XeniosCoin (XNC)?

Launched in 2019, XeniosCoin (XNC) is a cryptocurrency designed to offer fast, secure, and scalable payment options for blockchain-focused businesses and digital financial transactions. Built on a hybrid X11 consensus algorithm, XeniosCoin functions with both Masternodes and Software Masternodes, supporting swift transactions with low fees. XNC is unique in its semi-stable structure, merging stablecoin features with the volatility common to cryptocurrencies. As the native currency of the Xenios Blockchain, XNC is used in trading, investing, and rewarding network participants who contribute to the blockchain by mining tokens and creating blocks.

How Does XeniosCoin Work?

XeniosCoin enables efficient and private transactions, making it a reliable option for both trading and investing. XNC users enjoy free, rapid transactions and a degree of stability that appeals to those seeking a practical exchange medium. The platform rewards active users who mine new tokens and support block creation, encouraging participation in the ecosystem. Additionally, XNC serves governance and utility roles within the Xenios ecosystem, and it is the official currency for annual memberships in the Hellenic Blockchain Association, reinforcing its place within both its community and the broader blockchain space.

XeniosCoin’s Founding Team

XeniosCoin was founded in 2019 by Emmanouil Kafouros and Anastasios Oureilidis. Oureilidis, a graduate in informatics, has held various roles in the blockchain space, including positions with VibraVid and the Digital Euro Association. His involvement in the blockchain community also includes being a founding member of the Hellenic Blockchain Association, prior to his role as managing director of Xenios. While information on Kafouros is more limited, he is known to hold a B.A. in applied sciences. Together, Kafouros and Oureilidis brought their expertise to establish XeniosCoin as a versatile digital currency for blockchain and finance applications.

XeniosCoin’s Tokenomics

As of the 29th of October 2024, XeniosCoin’s total token supply is at 121 million. The circulating supply of $XNC 76 million with a total of 20 million $XNC locked from Hellenic Blockchain Association to develop the technology even further. 8 million $XNC are left to be mined and 17 million $XNC are distributed as block rewards to masternode holders. 

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